If you've ever lost or had a smartphone stolen, you're not alone. In the United States, about 113 smartphones go missing each minute (that's 160,000 a day and about 30 million a year). When an iPhone costs over $800, this becomes a very pricey problem.
Major U.S. stock indexes extended losses Thursday after falling more than 2% on Wednesday. Investors have decided to take profits in the face of possible tax increases and fiscal cliff concerns.
The President and Congress will not be able to raise taxes—be those on the wealthiest of the wealthy or anyone else—and cut spending without risking a second recession, deeper and more painful than the Great Recession.
Driven higher by retransmission fees and digital revenue, CBS beat earnings expectations with an upbeat outlook for 2013. But revenue came in lighter-than expected, dragged down by CBS Radio’s advertising declines, as well as foreign exchange rates, and the impact of the Republican and Democratic conventions pre-empting six nights of programming. But CEO Les Moonves’ projections for the fourth quarter were rosy, saying the company will benefit from higher retransmission compensation, plus more digital revenue, as well as the surge of political advertising, which shifted into the fourth quarter this campaign season.