Priced at $329, Apple unveiled its iPad Mini at a media event held at the California Theater in San Jose this morning. As expected, the tablet is 7.9 inches, and will compete with the likes of Barnes & Noble's Nook Color and the Amazon's Kindle Fire HD.
Industry
Earnings Weigh On Shares, Despite Better U.S. GDP
Shares on major markets ended little changed on Friday as weak corporate earnings offset better U.S. economic data, though investors remained concerned about slowing global growth.
Zillow.com Launches Listings of Properties Headed For Foreclosure
A decline in the number of available properties, especially in California, prompted a new innovation at the real estate marketplace website Zillow.com. Late Wednesday night the six-year-old Zillow launched a free feature that allows potential home buyers to view homes that are owned by banks or are in the foreclosure process but are not officially listed for sale.
Bank of America Sued for Mortgage Fraud by U.S. Government Seeking $1 Billion in Penalties
The country's second largest bank, Bank of America, has been accused of mortgage fraud in a civil suit filed by the U.S. government in a Manhattan court Wednesday, claiming it sold thousands of home loans that were deliberately processed at such a high speed adequate checks could not be performed, through its Countrywide Financial unit.
Zynga Sweeping Overhaul, Game-maker Cuts Staff, Ends 13 Games and Shutters Boston Office
Zynga Inc has laid off 5 percent of its full-time workforce, shut its Boston office and scaled back in Austin, launching a sweeping overhaul that may also see the social game creator close its Japanese and British offices, Reuters reported Tuesday.
Latest News
AirBnb Inc., which allows travelers to rent private accommodations online around the world, is in discussions with the venture capitalist Peter Thiel about an investment of approximately $150 million, according to inside sources, as reported by The Wall Street Journal.
Those-in-the-know are now saying that the eagerly anticipated iPad "Mini" will be released on Nov. 2.
The nationwide meningitis outbreak linked to a contaminated injectible steroid made by the New England Compounding Center has stalled the sale of an Illinois drug compounding company, the private equity backed Pharmedium Healthcare Corp., Dow Jones’ LBO Wire reported last week.
Rapid penetration of the mobile market is playing an increasingly critical role in an e-commerce company’s success, as more consumers shift to online shopping and to shopping using their mobile devices.
An Indian lawmaker has filed a complaint with the government claiming that Walmart illegally invested in a local supermarket chain in violation of rules restricting direct foreign investment in the retail industry. Regulators have begun an informal inquiry into the matter, according to an article in Friday's New York Times.
Consumers' growing love of mobile devices has created growing difficulties for technology companies as they seek to reach their audiences through advertising on smartphones and tablets.
Waltham, Massachusetts-based electric car battery manufacturer A123 Systems Inc. filed for Chapter 11 bankruptcy protection Tuesday, The Wall Street Journal reported. The company's collapse has been called a setback for the Obama administration's efforts to foster a domestic market for electric vehicles running on U.S.-built batteries.
Citigroup Inc. announced on Tuesday that CEO Vikram Pandit, 55, who has held the post since the eve of the financial crisis in 2008, is stepping down.
In the ultimate David and Goliath story, the China Petroleum & Chemical Corp., Sinopec, Asia's largest refiner and one of China's biggest state-owned firms, dropped its hostile bid to take over the much smaller, privately-held China Gas Holdings after a contentious struggle lasting nearly a year, according to major media stories.
