Business
By John - August 6th, 2010
The 160 story building measures over 828 meters (2,717 feet) to the top of the spire. Emaar, the developer announced the height during the Grand Opening, earlier this year, in order to add to the suspense. ...
By Cheryl Chong - July 15th, 2010
Arena Pharmaceuticals Inc. claim that their experimental new weight-loss drug, Lorcaserin, helps adults lose weight and keep it off. Unlike many similar failed drugs of the past, side effects mostly include a quite manageable headache, dizziness, and nausea. The FDA is set to review Lorcaserin on September 16 ...
By Cheryl Chong - June 30th, 2010
Aviation powerhouse Boeing Co. has just acquired Argon ST for $775 million in a deal announced today. Argon, a systems engineering company offering intelligence, surveillance, and reconnaissance services to a wide range of customers, will become a standalone subsidiary of Boeing, and falling under a new division of Boeing Network & Space Systems...
By Cheryl Chong - June 29th, 2010
Tesla Motors, an electric car manufacturer, broke into the NASDAQ today with its share price closing around $7 above its initial offering price. Under the symbol TSLA, the stock officially made its debut at 11:26 a.m., and exceeded many expectations by closing 40% above its IPO price. In less than an hour, more than 8.4 million shares of Tesla stock had been traded, largely due to excitement over their newly announced Model S...
By John - June 23rd, 2010
When the Deepwater Horizon drilling rig caught fire on April 20, BP's stock price (which barely budged that day) reflected a market capitalization of about $189 billion. About 40% of this wealth was held in the U.K. ...
By Cheryl Chong - May 18th, 2010
Now here's a girl who can really bring home the bacon! Lindsay Binegar, now 19 and a freshman at Ohio University - Chillicothe campus, has just purchased a four-bedroom, two-bathroom, two-car garage house. Who really saves up for college anymore?...
By Cheryl Chong - May 11th, 2010
If you haven't quite gotten your fill of feelings of inadequacy today, take a look at Diane Keng, who is now on her third start-up company, something the 18-year old must've worked on after Advanced Placement economics homework. Instead of dozing off to droning English teachers, Ms. Keng was minding a booth at the Web 2.0 Expo in San Francisco today, pitching her internet company, MyWeboo.com...
By Cheryl Chong - May 6th, 2010
The Dow Jones took a no-holds barred nosedive some 900 points in the blink of an eye...
Video: MSNBC discusses global issues as the market plunges
- Greece's GDP was $342 billion in 2009 according to the CIA.
- In order to attract financing, Greece was paying investors over 15% annually for two-year government bonds prior to the loan bailout.
By Cheryl Chong - May 1st, 2010
Frontier Bank, based in Everett, Washington, was shut down Friday evening by government regulators. Almost immediately after, it was promptly bought up by San Francisco-based Union Bank. So ends the more than 30 year run of Washington's second largest commercial bank...
By Cheryl Chong - April 29th, 2010
Before the iPhone, even before the Blackberry, there was the PalmPilot. On the cutting edge of technology and in the pocket of every suit back in the late nineties, Palm Computing pioneered the Personal Digital Assistant (PDAs). Though the company has found moderate success as of late in the smartphone market with their Palm Centro and Pre models, their weak market share is indicative of the shortcomings that have plagued the company for some time now...
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