Apple is in the process of shutting down the Beats streaming music service that it bought in May for $3 billion, according to a report in TechCrunch.» Read More
When Viacom's MTV unveiled its new "Urge," online digital music destination at the big Consumer Electronics Show last year, it had all the earmarks of a major initiative. Justin Timberlake joined Van Toffler on stage during Bill Gates' keynote to unveil the service which would ultimately be tied to the then-upcoming Zune media player from Microsoft.
So is my headline true? Not really. But bloggers out there are having a field day with the Countrywide situation, capturing the mortgage mayhem in ways more creative than any no-doc, no money down, 120% Alt-A pay-option mortgage. From paper-money.blogspot.com, come the following song parodies from "Anonymous" (I promise it's not me. I'm not that clever. Not even Fake Jane is that clever.
The stories seem so bleak: The sub-prime mortgage mess threatening to torpedo the global economy and plunge this nation into recession. Yet here in Silicon Valley, something weird is going on. Sure, sales are plunging, but home prices are actually climbing! The experts call it the Silicon Valley Real Estate Paradox. The most recent figures from DataQuick show that sales dropped 11% in July; but the media price of a single family home climbed 7.4% to a record $805,000.
With a grand jury scheduled to meet Monday and Atlanta Falcons quarterback Michael Vick reportedly exploring plea options on his dogfighting charges, we're making this blog today an all All-Vick Edition: What will be Vick's legacy when all of this is over? Vick's Wikipedia entry currently has 4,570 words on his playing career (including high school, college and the NFL) and 3,030 words on his dogfighting charges.
Last week, we started a new weekly segment called TechCheck, sponsored by AT&T, that will air each Friday on "Closing Bell" in the 4p ET hour. The 60-second spot is a quick, entertaining look at some of the stories the tech community is talking about from the world of technology. Stories that I might not have a chance to get to on the air during the week, but are still worth a mention because they're interesting and/or fun.
The folks who run a song parody site called VERSUS have sent me their "song of the week." If this doesn't make you smile through the pain, well, pour yourself another scotch and then listen.
The Countrywide Investor Relations site is promoting its 2007 Investor Forum. It takes place Sept. 5-6 and includes a "Servicing Tour"at the company's offices in Simi Valley, followed by a day-long panel discussion and Q&A at headquarters in Calabasas. Discussions include a "Servicing Overview -- Managing Through Turbulent Times" and "Bank Integration and Capital Strategies."
It's the kind of blowout quarter weary tech investors were hoping for. Just about everyone suspected that HP would beat estimates, thanks to ongoing momentum in the personal computer industry, as well as falling component prices, especially memory chips like DRAMs which have seen a 40% decline in some sectors.
A few hours after that sad alert went up on First Magnus Financial's home page, I received a note from a mortgage broker crony of mine. He forwarded me a note from a local First Magnus contact of his.
Everyone gripes about the fact that there's no privacy online and Web surfers' personal information is exploited. But sometimes our actions online should be transparent -- there needs to be some accountability in this world of Wikis, where users are counted on to police inaccuracies and update news.
Parts of the Charles Schwab Web site and phone system were temporarily knocked out or running slowly Thursday, leading to long waits for clients trying to access their accounts or execute trades, CNBC Silicon Valley Bureau Chief Jim Goldman has learned.
A friend sent this in... not sure where it came from, but oh how true!!
You can always count on Nielsen/Net Ratings to let you know exactly how huge a pop culture issue actually is. Michael Moore's film, Sicko, released back on June 29 -- is still making waves online. Web traffic to blogs discussing Sicko reached 1.2 million unique visitors in May. By June traffic was down to 814,000, though people are still visiting related websites, especially as the presidential political debate on health care heats up.
Regarding my earlier blogs on Countrywide spacer calling customers to remind them to pay their mortgages (which Countrywide confirms), I received this email from Michael Paslawskyj. He's a Senior Economist for the American Institute for Economic Research who says he's spent much of the last 25 years working in financial services and says he's never heard of such a policy.
Just putting Erin Burnett's picture on my blog boosted my traffic more than 100% yesterday. Or maybe it was the Fake Jane pic.
Apple has begun selling downloads of tracks from 16 of John Lennon's post-Beatles albums, including "Working Class Hero" and "John Lennon/Plastic Ono Band," on iTunes, the company said Tuesday.
La Jolla-based DataQuick is out with the latest stats on Southern California, and it's darned near ugly. Home sales are at their lowest since the mid 1990s. Sales in LA, Riverside, San Diego, Ventura, San Bernardino and Orange counties were down 11.4% from last month and down 27.4% from July 2006. READ MORE
Ever hear of VMware? Probably not since the company works in high end "virtualization software" that makes a computer run better; the way STP or other fuel enhancers increase the performance of your car? VMware does that with software for your PC.
Ok, so some of you felt a little ripped off by the last blog. You were. But it worked. Wondering what other key words I should use to promote clickage. "Buffett"? "Beastiality"? "Naked.... shorts"? Some suggest the answer might be to actually blog about something meaningful. Oh.
As many of you know Electronic Arts' "Madden 08" came out last night. You can find the reviews everywhere else. But I'm here to review only one thing: The rings you can get in the game. They are unbelievable. These things are going to be the most surprising success of this franchise.