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Apple Sells More Than 1.7M iPhones In 3 Days (Jun-28, 10:08 EDT )-- Apple Inc. said it sold more than 1.7 million units of its new iPhone model in the first three days, making it the most successful product launch in the company's history in terms of sales.
High Court Leaves Tobacco Rulings in Place (Jun-28, 09:40 EDT )-- The court declined to get involved in a legal fight about the dangers of cigarette smoking that has stretched more than 10 years.
U.S. Stocks Slip in Early Trading (Jun-28, 09:27 EDT )-- Promises by the Group of 20 leaders to hold the line on spending offset continued uncertainty about economic growth.
Landry's and the Value of a Shareholder Vote (Jun-28, 09:19 EDT )-- The Deal Professor examines the takeover bid for Landry's Restaurants and how courts should treat shareholder votes by derivative counterparties with no economic interest in a transaction.
Heart Risks Seen in Diabetes Medicine (Jun-28, 08:53 EDT )-- Two studies found that Avandia, a diabetes medicine made by GlaxoSmithKline, substantially increased patients’ heart risks.
Income Gains Exceed Spending, Boosting Savings Rate (Jun-28, 08:40 EDT )-- Consumer spending rose 0.2 percent last month, while incomes were up 0.4 percent, boosting household finances and potentially providing fuel for greater future spending. The spending increase came from outlays on services; consumers spent less on goods...
Is New Hampshire's Anti-Tax Stance Hurting Schools? (Jun-28, 03:00 EDT )-- State and local tax burdens vary greatly from state to state. New Hampshire, for instance, has no income or sales tax -- but its neighbor Vermont has both. Fiscal conservatives say New Hampshire's long history of low taxes has forced the state to keep...
White House Plans To Free Up Airways (Jun-28, 03:00 EDT )-- President Obama plans to sign a memorandum Monday committing the government to freeing up more of airwaves for wireless devices. The plan is to auction off 500 megahertz of the wireless spectrum over the next 10 years. By doing so, the government would...
Arist Builds World's Slowest Porsche (Jun-28, 03:00 EDT )-- An artist in Austria has built a replica of a Porsche sportscar. It's not only the world's cleanest and lightest, the artist proudly bills his creation as the world's slowest Porsche. He built it out of tinfoil, tape and two bicycles. It's currently on...
Tesla Motors Banks On IPO Raising Capital (Jun-28, 03:00 EDT )-- Tesla Motors will begin selling stock to the public this week. It is holding the first initial public offering of a U.S. automaker in a half-century. The maker of the $109,000 electric Roadster is trying to raise as much as $178 million to pay for...
G-20 Leaders Promise To Trim Deficits (Jun-28, 03:00 EDT )-- World leaders meeting in Canada over the weekend agreed to some strong medicine to cut their budget deficits. The move comes despite a warning from President Obama that precipitous cuts in government spending could choke off the fragile economic recovery.
Broadband to Be Available for More Commercial Use (Jun-28, 00:55 EDT )-- A presidential memorandum aims to make available for auction some 500 megahertz of spectrum.
Sports Teams Dabble With Variable Ticket Prices (Jun-28, 00:37 EDT )-- Many teams already charge more for premium games, but now they can factor in matchups and the weather forecast.
Tesla Hopes to Gain $185 Million in Public Offering (Jun-28, 00:32 EDT )-- The carmaker, which was founded in 2003 and has not had a profitable quarter, hopes to raise up to $185 million.
Cleanup Jobs Are Hard To Find In The Gulf (Jun-27, 23:00 EDT )-- Despite the sheer size of the Gulf oil spill, cleanup jobs are hard to come by. Job-seekers in New Orleans say they have gotten the runaround from BP and the Louisiana Workforce Commission when inquiring about work.
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