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Money   

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Murder Suspect Allegedly Used Victim's Identity to Commit Tax Fraud


Forbes.com: News 22 May 2012, 1:41 am CEST

On the afternoon of October 24, 2011, Hillsborough County (Tampa, FL) sheriff?s deputies responded to a report of shots fired between two housing duplexes. They found Michael Massaline on the ground; Massaline later died at the hospital from his injuries. He had been shot twice in the upper body. Two weeks later, deputies announced the ...

Leap Over The Microsoft Kinect and Interact With Your Computer


Forbes.com: News 22 May 2012, 1:35 am CEST

Imagine an iPod sized USB device that creates a 3D interaction space around your laptop or desktop. Imagine next that your gestures really do control your computer and you can reach into your hard drive like you do a physical file cabinet. Enter the world of the Leap - where your hand and finger movements ...

Amazon Plans To Sell Ads On The Kindle Fire


Forbes.com: News 22 May 2012, 1:28 am CEST

Not many details are available yet, but Amazon will have to offer significant reach to advertisers to demand such a fee premium.

Facebook: Still Overvalued?


Forbes.com: News 22 May 2012, 1:18 am CEST

Henry Blodget, the ex-analyst who now presides over Business Insider, wrote in a blog post today that Facebook shares are probably worth $16-24 a share; use the midpoint at $20, and you?ve still got a??potentially??massive slide from today?s close at $34.03. (Which of course is down from the $38 IPO price.) Blodget reached that conclusion ...

Stay at Home Moms Face Credit Card Challenges


Forbes.com: News 22 May 2012, 1:13 am CEST

Credit in America has really changed since the banking crisis a few years ago. Gone are the days of practically free credit and rebuilding or establishing credit post-foreclosure, post-bankruptcy or even post-divorce is an entirely too common task. However, one of the categories of people who face more struggle than ever before are a very ...

Google Invests in Machinima, Sees 'Financial Return'


Forbes.com: News 22 May 2012, 1:11 am CEST

Inc. said today that it?s made an undisclosed investment in Machinima, an online entertainment network for videogamers and the largest channel on YouTube. And the reason for the investment, says David Lawee, ?s head of mergers and acquisitions: ?Our main motivation is financial return,? he said today in an interview. Rumors about its investment in??Machinima??surfaced ...

Hey Facebook, Google Is Still The Most Talked-About IPO In Internet History


Fast Company 22 May 2012, 1:05 am CEST

News updates all day from your Fast Company editors.

Facebook may be Wall Street's new favorite water cooler topic since its historic IPO last Friday, but Google still ranks as the most talked-about IPO in Internet history, according to HighBeam Research. The research firm calculated the number of media mentions garnered by the Internet companies with the largest IPOs. From largest to smallest in dollar amounts, that list looks like this: Facebook, Google, Zynga, Groupon, LinkedIn. But in terms of most to fewest media mentions, that list looks more like: Google, Facebook, Groupon, Zynga, LinkedIn. Which is all to say Wall Street goes where the media tells it to: Google, currently valued at more than $200 billion, remains by far the most valuable company on the list.

To keep up with news as it happens, visit our main Fast Feed page during the day.

At Disrupt NY When It Comes To Mobile, It's All About Apple


Forbes.com: News 22 May 2012, 12:57 am CEST

As Apple dominates the smartphone market in the U.S., with iPhones now taking more than 50% share , the company's products were everywhere at Tech Crunch's Disrupt, the tech event featuring start ups. New applications and software were mainly targeting Apple users.

Obama Wants Big Steps on Euro Crisis


WSJ.com: Europe Home 22 May 2012, 12:55 am CEST

President Barack Obama urged euro-zone governments to act forcefully to resolve their debt crisis.

IPOs' Job-Boosting Power Is Overblown


BusinessWeek.com -- Top News 22 May 2012, 12:47 am CEST

New research casts doubt on a claim that 90 percent of employment growth happens after a company goes public

5 Industries Negatively Affected By An Economic Recovery


Forbes.com: News 22 May 2012, 12:47 am CEST

The general thinking is that recessions are bad for??business. However, a??handful of industries do quite well during downturns??and would actually prefer that the economy struggle a bit. On the flip side, they tend to be negatively affected when the economy starts to recover. Below are five such industries. SEE:??The Hidden Truth Behind The U.S. Economic ...

To Marry Like Zuckerberg, Know Legal Lingo Before Saying, 'I Do'


Forbes.com: News 22 May 2012, 12:44 am CEST

Whether you're a pauper or a billionaire, getting married will transform your legal rights.

Media's Future & Cupcakes


Forbes.com: News 22 May 2012, 12:38 am CEST

On Friday, the last day of Internet Week/NY, I finally extricated myself from client obligations and set off to check out two happenings near one another in the city: the??TechMunch??Food Bloggers Conference and I Want Media?s ?Future of Media? panel of players and pundits waxing poetic on, well, the future of media. If food?s your ...

This Week in Credit Card News


Forbes.com: News 22 May 2012, 12:36 am CEST

Pace of New Credit Card Accounts Picks Up in First Quarter The rate of payments at least 90 days overdue dipped in the first three months of the year to 0.73 percent but cardholders have been racking up more debt, according to a new report by TransUnion. On average, borrowers had $4,962 in credit card ...

The World's Two Youngest Billionaires Lose Combined $2.6 Billion In One Day


Forbes.com: News 22 May 2012, 12:30 am CEST

Mark Zuckerberg lost more than $2 billion while pal Dustin Moskovitz dropped $500 million.

Facebook Shares Day 2: Down 13% Early


WSJ.com: Europe Home 21 May 2012, 4:18 pm CEST

Shares in Facebook plunged on their second day on the stock market, a black eye for all those involved with the social networking company going public.

Rivals Strike $11.8 Billion Merger


WSJ.com: Europe Home 1 Jan 1970, 1:00 am CET

Eaton agreed to buy electrical-equipment supplier Cooper Industries in an $11.8 billion cash-and-stock deal that would significantly expand Eaton's power management business.

Opening Salvos Fired at Gupta Trial


WSJ.com: Europe Home 1 Jan 1970, 1:00 am CET

Prosecutors told jurors that former Goldman Sachs director Rajat Gupta repeatedly broke the law by leaking inside information to a close friend and business partner, while his defense lawyer blasted a criminal case he said was based on guesswork.

Kodak Patent Tossed by Judge


WSJ.com: Europe Home 1 Jan 1970, 1:00 am CET

Kodak suffered a setback in a patent suit against Apple and BlackBerry maker RIM, dealing a blow to the one-time film giant's efforts to raise billions of dollars by selling off its intellectual property.

Dialysis Firm Bets on Branching Out


WSJ.com: Europe Home 1 Jan 1970, 1:00 am CET

Dialysis provider DaVita agreed to buy doctor-network operator HealthCare Partners in a cash-and-stock deal valued at about $4.42 billion.
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