CNBC's Josh Lipton discusses the coming IPO of King Games, the company that developed the game Candy Crush, with Brian Blair, Wedge Partners.» Read More
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.
A mortgage broker writes into the Realty Check mailbox, quite enraged about a memo she received from Countrywide. I called the nation's largest lender to get the document verified. Officials there say it is real, although part of an even larger document. I've asked for a response from Countrywide, and I will post it should I get it.
It's been a rough year for Dell, characterized by a particularly rough quarter that saw the company try to put deep financial shenanigans behind it: the pay-out of a $40-million-plus severance package for fired CEO Kevin Rollins, trying to deal with a restructuring that cost the company 8,000 jobs, continued loss of market share to rival Hewlett-Packard and shipment problems that hurt its most recent product introductions.
Two brothers from New Jersey have been fired from an A&P market for filming a rap video called “Produce Paradise.” Click here to check it out. Yes, it’s juvenile and somewhat disgusting, and it reminds us all to thoroughly rinse our veggies when we get home from the grocery store.
NBC Universal (owned by GE, which is parent company of CNBC) and News Corp are collaborating on a online video site to compete with YouTube, and today we learned its name: Hulu. (Go to hulu.com) to check out some of the video the on-demand service will be providing--you'll see that Fox's "24" and NBC's "My Name is Earl") are prominently featured.
Google said after U.S. markets closed Tuesday that George Reyes has announced plans to retire as chief financial officer by the end of the year and that the company will begin a search for a replacement.
All this buzz about social networking and the Facebook craze has sparked a backlash. No surprise, I suppose--I find it amusing that there's been a backlash in both directions. Nosoproject.com is an anti-social networking site, which is also pretty anti-social. The site says it wants to help people "temporarily disengage" from the online social networking phenomenon.
Could this really become the fourth largest city in Florida? It's at 55,000 or so now and still growing and the folks in the pool this morning were talking about it doubling before it's all 'built out'. (My mother lives here, 'walks' in the pool every morning, it's a social gathering place, you get the picture.)
EarthLink said Tuesday it will cut about 900 jobs as part of a restructuring to reduce costs, and its board authorized an additional $200 million share buyback, sending its shares up 10 percent.
I like the S&P/Case-Shiller report, because it’s really the bones of the boom and the bust all wrapped up into two neat little pages. The report only looks at the top twenty metro markets, that is, the biggest cities in the U.S., where the real estate boom really took place. “The pullback in the U.S. residential real estate market is showing no signs of slowing down,” says Robert J. Shiller.
Remember young George Hotz? He's the 17-year-old Apple hacker who figured out a way to "unlock" the iPhone so it would work on his T-Mobile SIM card, instead of the AT&T SIM card it came with? George enjoyed a whirlwind of press coverage, including quite a bit here on CNBC. I filed for "The Today Show" on Saturday about him.
On Friday, I reported about Nielsen's upcoming social networking site, 'Hey! Nielsen.' The idea is to mine online buzz to find out what movies, music, tv, and online video people are talking about online, with the idea to eventually turn that buzz into relevant numbers for advertisers. Nielsen won't be the first to look to social networks for insight.
People, you need to start recording these on video and sending them to me...forget YouTube. Mortgage advisor Andrea S. says this song parody of Don McLean's "American Pie" came from a branch manager at a very, very big mortgage lender you may have heard of which is having trouble lately:
Jockey has decided that to sell underwear, it needs to tell you how uncomfortable underwear makes you. Follow me here. Actually, don't follow me here because I've got nowhere to go with this one. At www.stopsquirming.com, the brief-maker tries the hot-hot-hot concept of "viral marketing" by showing how people react to wedgies created by "inferior undergarments."
Amazon.com, already a giant in online consumer shopping, is moving into the grocery business. Starting this month, Amazon will start delivering groceries to a few select customers in Washington state. The eventual goal is to expand to other communities and sell food the same way it does with electronics, clothing and books.
Who said print was dead? September's issue of Vogue (owned by Conde Nast) boasts a record breaking 727 advertising pages: the most ad pages EVER published in a monthly consumer magazine. Sienna Miller graces the cover of the door-stop sized mag which is on shelves now. The oversize layout is a sign that fashion magazines are alive and kicking in a publication industry otherwise suffering from ever declining ad revenues.
With the start of the U.S. Open today, I am hereby declaring it National Ana Ivanovic day. I'm sure the government won't sanction it because she's not an American citizen, but so what? The fifth-ranked tennis beauty is playing Aiko Nakamura today in Louis Armstrong Stadium. All day on CNBC, you'll see the awesome story of Ivanovic, who could be the next force in the sports marketing world if she wins the final grand slam of the year.