Daily Archives: July 24, 2012
Spanish Debt Fears Sour Markets Across Europe
Fears that Spain will need a much larger bailout send world markets plunging, as officials try to reassure sceptical investors. Continue reading
Sex Abuse Scandal: University Fined $60m
Unprecedented penalties for Pennsylvania State University after coach convicted of child sex abuse against 10 boys spanning 15 years. Continue reading
More U.K. tabloids under investigation
British police are investigating new tabloids in the country’s growing phone hacking scandal, including the Trinity Mirror PLC newspaper group as well as the U.K.’s Express Newspapers. Continue reading
Bloody Day Of Violence In Iraq Kills Dozens
Roadside bombs and gun attacks kill more than 100 people across Iraq in a bloody day of violence. Continue reading
Ex-Yahoo CEO to head up ShopRunner
Former Yahoo CEO Scott Thompson will take over as CEO of ShopRunner, a site that gives members two-day shipping from some e-commerce websites, the company announced Monday. Continue reading
‘Average’ house prices don’t tell the whole story
Trying to see housing market trends in the data on average sales prices fails to capture what’s really going on in a particular city or neighbourhood, real estate experts say. Continue reading
Yellow Media adopts plan to cut debt
Yellow Media has announced a plan to cut its debt to $850 million and find new board members as the struggling directories publisher continues its transition to an online company. Continue reading
Fairfax CEO boosts stake in RIM
The chairman and CEO of Fairfax Financial Holdings has boosted his holdings in Research In Motion, a show of confidence in the struggling BlackBerry maker. Continue reading
Cities where homes cost less than a car
in towns with high tumbling home prices and double-digit vacancy rates, median-priced homes now cost the equivalent of new American cars, except they’re a slightly more risky investment. Continue reading
Kodak’s patent plans take a hit from ruling
Eastman Kodak Co.’s plan to reap a windfall by selling roughly 1,100 imaging patents as it restructures in bankruptcy just got a little more tenuous. Continue reading
