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Sometimes referred to as Silicon Alley, owing to its purported small size, New York's high technology sector has seldom been seen as a major player.
As you might imagine, the Apple news and iPod releases generated enormous interest this week, and then the news cycle kicked into overdrive yesterday with word of Apple's plans for a $100 rebate to all existing iPhone owners who bought the thing at full price just two short months ago.
We reported some pretty nasty numbers from the Mortgage Bankers Association yesterday: A 51% rise in new foreclosures nationwide to the highest rate in the history of the MBA survey. And it’s a big bad number like that that is going to add more fuel to the fire in Washington among all those folks who have been bandying about the idea of some kind of government...
German engineering company Siemens said Friday it will work with Microsoft to develop communication, information, entertainment and navigation products for vehicles.
News of an iPhone price-cut took just about everyone by surprise, not the least of whom were the 270,000 iPhone buyers that first weekend they went on sale, many of whom stood on line for endless hours to plunk down their $599 for device.
Apple Inc. unveils a complete redesign of the iPod Nano: the new iPod "Touch" with Wi-Fi, a long-awaited 160 gig iPod "Classic," what promises to be a lucrative partnership with Starbucks. But the headline that torpedoes Apple shares: the $200 iPhone price cut just two months after unveiling what became known as the "Jesus Phone."
So you're back from vacation and culling through piles of e-mails. Don't be surprised if you find invitations to join the latest slew of social networking sites. There are a couple of trends emerging--social networking niches, if you will.
We have been sweltering out here in the West, which leads me to my two favorite hot business pitches: First... they're trying to get people to come up to the Canadian Rockies to celebrate the centennial of Jasper National Park. The pitch: come to the newly-refurbished Miette Hot Springs! Uh, ok. I did a little research.
The Apple event is over and so is our live blogging. To read the post from the event's beginning, start at the bottom of the page. Thanks everyone, it was a blast to do. 2:20 pm ET: Event is concluding now. A little technical glitch with her beat machine, but she got that fixed and now KT is performing. Keep watching CNBC and CNBC.com. We may have a special interview coming up.
Yahoo is buying online advertising network BlueLithium for $300 million in cash, building upon an expansion aimed at ending a financial malaise that has ravaged the Internet pioneer's stock price.
NBC Universal said Tuesday it will sell episodes of its new fall television shows using Amazon's Unbox digital download service, after the network failed to reach an agreement with Apple Inc. last week to offer the shows on iTunes.
Yahoo has struck a deal to buy BlueLithium, the fifth-largest U.S. online ad network, for $300 million in cash, in the latest move to consolidate the fast-growing behavioral ad targeting market.
I have found it. The perfect contest for the miserable office worker. Acco Brands is sponsoring America’s Ugliest Office. Enter at www.americasugliestoffice.com and you have a shot at either a 42” HDTV, or a TRIP TO HAWAII. Talk about bringing hope to the downtrodden! One mock-up of an ugly office has the chair doubling as a toilet, so you never have to leave. Nice. The contest runs through Nov. 30, and, so far, Jerry’s home office in Columbus gets my vote.
Apple Inc. calls the gathering "...And the Beat Goes On," but investors wonder whether the news coming Tuesday at the invite-only special event will be enough to pump these shares even more. Speculation abounds at just exactly what Apple will unveil: the big money bet is on a redesigned family of iPods...
An excellent source, Janet Tavakoli, who knows more about the credit markets and asset-backed securities than I ever ever want to, sent me the following note over the holiday weekend. I consider it worth sharing, despite its conclusion, with which some may disagree. Not my place to take a side, but I do think, on the blog, opinions, especially from someone of her caliber, are worth sharing...
U.S. lawmakers returning from their summer break are expected to consider patent law changes that have pitted two of America's most invention-dependent industries against each other.
This week's Tech Check during "Closing Bell" offers a nice cross-section of gizmo headlines and a look at the news that's likely to come from Apple next Wednesday. Get ready for a re-designed iPod, the first major changes of the device in two years. Lots of rumors about a full touch-screen, no buttons, bigger memory, the Mac OS on board, and maybe even wi-fi downloads.
I'm incensed. There's no other way to describe it. I called the White House, because after listening to the President's speech and reading the corresponding press release from the White House, I was confused, because of this: "The "FHA-Secure" program will help people who have good credit...
NBC Universal has decided against renewing its contract to sell digital downloads of television shows on Apple's iTunes after failing to come to an agreement on pricing, the New York Times reported in its online edition on Friday.
From Wall Street to Madison Avenue to Silicon Valley--the subprime credit crunch is taking its toll. Mortgage and lending companies are among the biggest online advertisers, so if they start cutting back on their ad spending, then it'll be noticed. Financial services comprised 16% of the total $17 billion in Internet ad spending in 2006, and that percentage was likely even larger this year.