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Lowe's Earnings Fall Short of Estimates; Shares Slide

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  • Inventions That Killed Businesses Friday, 14 Oct 2011 | 4:35 PM ET
    The forward march of technology is both unforgiving and unstoppable. As it mercilessly weeds out the old in favor of the new, once beloved products and services become less favored by consumers, while others simply become obsolete.It’s always been this way. The horse and buggy was once the dominant means of travel for Americans, but once the automobile was invented formerly solvent buggy makers found themselves out of a job.This dynamic repeats itself whenever a new invention comes along that si

    What follows is a list of products and services that became so indispensable to consumers that they instantly lost interest in their previous favorites.

  • The 10 Biggest Videogame Movie Flops Wednesday, 12 Oct 2011 | 12:05 PM ET
    There's no dancing around the fact that the vast majority of movies based on videogames stink. Absurd plotlines are attached to games that barely had a story to begin with -- and those rare games that do have a strong narrative typically see that jettisoned by filmmakers for a different story line. Being a bad movie isn't necessarily the kiss of death at the box office — need we remind you of Paulie Shore's cinematic career? Sometimes, however, the audience is just too smart to be fooled and the

    There are some familiar franchises on this list of the biggest game-to-movie stinkers, proving that even if a studio options a game with an enormous fan base, it can't assume those players will show up at the box office.

  • The Biggest Videogame Movie Hits Wednesday, 12 Oct 2011 | 11:48 AM ET
    The history of financially successful videogame-to-movie conversions is a pretty short one. The list of critically successful conversions is even shorter. That doesn't mean there haven't been a few solid hits that got their start in the console world. Popular franchises tend to come with a built-in audience, and when Hollywood supplements that with a big star, it can be an immensely profitable venture — often spawning one or more sequels. Here are eight examples of gaming franchises that have ma

    The history of financially successful videogame-to-movie conversions is a pretty short one. Here are eight examples of gaming franchises that have managed to succeed on the big screen.

  • Sony Secures Abu Dhabi Funds for EMI Bid Thursday, 6 Oct 2011 | 12:02 AM ET
    EMI

    Sony has secured financing from Abu Dhabi’s investment fund for EMI as second-round bids for the UK music company came in before a deadline last night, people close to Citibank’s $3.5bn-$4bn auction said. The FT reports.

  • Naomi Campbell's Horus-Eye Eco House Tuesday, 27 Sep 2011 | 11:57 AM ET
    As lavish birthday gifts go, it’s hard to top this one: Naomi Campbell received an island vacation home for her 41st birthday from her Russian billionaire boyfriend Vladislav Doronin, according to numerous online It’s shaped like the Egyptian Eye of Horus on a location known as Cleopatra Island in Turkey’s Gulf of Gökova. Spanish Architect Luis de Garrido, who specializes in sustainable building, designed Eco-House Horus to be completely energy, water, and food self-sufficient. As with his othe

    Naomi Campbell received an island vacation home for her 41st birthday from her Russian billionaire boyfriend Vladislav Doronin. Click to see the photos.

  • Seeking Next Big Hit, TV Tries Hollywood Hoopla Tuesday, 27 Sep 2011 | 11:33 AM ET
    Ginnifer Goodwin and Josh Dallas in "Once Upon a Time"

    Splashy premieres, extravagant budgets, yearlong advertising campaigns and mind-blowing special effects: the summer movie season may be over but Hollywood’s all-or-nothing mentality has shifted to the small screen. The New York Times reports.

  • The Best Selling Video Games of 2011 Wednesday, 21 Sep 2011 | 9:51 AM ET
    September typically marks the beginning of the holiday season for the videogame industry. From this point through late November, publishers will release at least one potential blockbuster per week. Holiday sales make up roughly 40 percent of the overall industry revenue--and the year's biggest hits are born then. But as publishers prepare for the fourth-quarter battle, what better time to see what has been driving sales so far this year? So far things aren't shaping up well. Software sales are d

    Here's a look at the top 10 videogames through the end of August, based on U.S. sales (though when the year's over, expect several to be displaced).

  • Celebrity Million-Dollar Extravagances Thursday, 15 Sep 2011 | 4:31 PM ET
    People love to read about celebrities who spend huge sums of money on luxury items--even in these hard times. After all, who wouldn’t be amused to learn that Paris Hilton owns a $325,000 doghouse that’s an exact replica of her own mansion?The limits of celebrity conspicuous consumption continue to be pushed. Some of the rich and famous have distinguished themselves through the sheer quantities of cash spent on quirky luxury items—up to $1 million or more. Often, the practicality of these purchas

    Who are some of the celebrities who have spent $1 million or more on decadent extravagances? Click to find out!

  • The Clearest Sign Yet That We’ve Hit Rock Bottom Thursday, 15 Sep 2011 | 1:55 PM ET

    Market watchers are always looking for a sign of capitulation, that the economy has hit rock bottom. This may be the clearest sign yet that we've touched down.

  • The First Family Vacation Home for Sale Tuesday, 13 Sep 2011 | 6:13 PM ET
    Blue Heron Farm, which has served as the Obama family vacation home on Martha’s Vineyard, has just been put with Sotheby's International Realty, carrying a price tag of $23.7 million.Because President Barack Obama and family have rented the compound for one week for the past three years, bringing with them staffers and Secret Service, many call it the “Summer White House.” (Bill and Hillary Clinton were also guests back in 1998.)Blue Heron Farm is situated in Chilmark, which is known to show up

    Blue Heron Farm, which has served as the Obama family vacation home on Martha’s Vineyard, has just been put on the market with a price tag of $23.7 million.

  • Child Star Successes Monday, 12 Sep 2011 | 5:24 PM ET
    The Hollywood machine loves a fresh-faced, button-nosed, apple-cheeked, sassy child performer. Once that precocious kid dares to grow up, however, the system is not kind.The unfortunate trend is that for every well-adjusted former child star, there are two troubled Coreys. Behind them is a staggering rogues gallery of has-beens such as Lindsay Lohan, Dustin Diamond, and so on, with each of them doing one or more of the following: falling down drunk, overdosing on drugs, crashing a car, committin

    We assembled a list of child stars that have moved on from acting (for the most part) to achieve success in other fields—a handful still in the entertainment world. See where they are now.

  • 15 Failed Celebrity Businesses Friday, 9 Sep 2011 | 11:12 AM ET
    In recent years, multiple celebrities have attempted to extend their brand by venturing into the business world. Actor and comedian Will Ferrell found tremendous success with his website, FunnyorDie.com while Rapper Sean Combs (P Diddy) owns multiple businesses including a record label, a clothing line, a movie production company and more. However, despite all the successful celebrity ventures in the world, there are numerous examples of celebrity businesses that have gone bust. A celebrity name

    The following celebrities have learned the hard way that success in the business world doesn’t always come easily.

  • .XXX Porn Domain Opens for Business Wednesday, 7 Sep 2011 | 11:59 AM ET

    Registration for the new .xxx Internet domain name kicked off on Wednesday, starting with a 50-day period during which businesses both inside and outside the adult entertainment industry can register for a .xxx domain or exclude their name from it to protect their reputation.

  • News Corp.’s Soft Power in the U.S Monday, 8 Aug 2011 | 4:56 AM ET
    News Corp.'s headquarters in New York.

    Over the last month, many Americans watched from a distance in horror or amusement as it became evident that the News Corporation regarded Britain’s legal and political institutions as its own private club.

  • Cramer's Speculative Play in This Volatile Market Friday, 5 Aug 2011 | 6:34 PM ET

    Find out why the “Mad Money” host believes this “secretly-high yielder” is worth buying.

  • Early Bids for EMI Raise Hopes for Citigroup Wednesday, 3 Aug 2011 | 2:06 AM ET
    EMI

    Bids for EMI suggest that the British music company could fetch more than $4 billion, allowing Citigroup to recoup about three-quarters of the money it lent to Guy Hands’ ill-fated private equity buy-out in 2007.

  • Does American Psycho's New York Still Exist? Tuesday, 2 Aug 2011 | 2:25 PM ET
    American Psycho

    "American Psycho" was a weird book. It was so graphically violent that many serious critics decided that it must be satire. No serious novel could relish murder, misogyny and mayhem without irony, the critics thought. But what was it satirizing?

  • Yeeeehaw! Buy This Wild West Town for $799,000 Thursday, 28 Jul 2011 | 12:54 PM ET

    There are a lot of great real estate bargains on the market right now but this one takes the cake — You can buy an entire town for $799,000.

  • Netflix Lowers Earnings Outlook on Angry Customers Tuesday, 26 Jul 2011 | 11:09 AM ET
    Netflix

    Just two weeks after announcing a price adjustment that angered many customers, Netflix came out Monday with a weaker-than-anticipated earnings outlook, the New York Times reports.

  • Calling All Wall Street Wives Friday, 15 Jul 2011 | 2:32 PM ET

    Looks like Wall Street may be getting itself a reality TV show, but with a bit of twist. It won't be the Wall Street male financiers under the limelight, but their wives.