Google and IBM Discover Massive New Market Opportunity

  Mamadou Ndiaye grew up in the impoverished nation of Senegal. He was fascinated by mathematics and, which he studied and taught for several years, saving to pursue his dream of moving to the United States. Ndiaye eventually moved to New York, where he worked at Staples and secured a master’s degree in statistics at ...

Deep Fried: Burger King Twitter Hacked

  Just two weeks after traces of horse meat were found in beef patties at a Burger King supply center in Europe, the fast-food chain’s Twitter was hacked. To augment this destructive situation, the yet-to-be-identified hacker(s) made it appear as though Burger King was bought by arch-rival McDonald’s. “We ...

Berkshire and 3G Capital Purchase Heinz for $23 Billion

  Buffet, the CEO of Berkshire Hathaway, announced on Thursday that it plans to purchase the food giant for roughly $23 billion, adding Heinz Ketchup to the conglomerate’s stable of respected brands. The proposed purchase, which comes fast on the heels of a $24 billion buyout of computer giant Dell, points to a possible ...

Martha Stewart Back in Court Again

  On Tuesday, the home decorating and banking icon appeared before the New York State Supreme court to defend her choice to sign a contract with J.C. Penney even though she struck up a similar deal with rival department store Macy’s.    “We thought, and I hope correctly so that we were allowed to engage ...

Young Adults are Too Broke for Loans

  Young adults are facing less debt than they were 10 years ago, but that is not necessarily a good thing.    The lack of debt is not a product of legions of young Americans becoming suddenly fiscally responsible, but instead a result of their inability to procure loans. Americans under the age of 35 are faced ...

Lawsuit Alleges Budweiser Waters-down its Beer

  Beer drinkers across the United States have accused Anheuser-Busch of watering down its Michelob, Budweiser and other beer brands, in class-action suits that seek tens of millions in damages.    The suits, filed in California, Pennsylvania and other states, claim beer drinkers have been cheated out of the alcohol ...

CNBC to Purchase “Nightly Business Report”

“Nightly Business Report,” the inventive public television series that has come into financial troubles in recent years, attracted a new deep-pocketed commercial owner, the 24-hour news and business cable channel CNBC, an element of Comcast’s NBC Universal. CNBC announced the deal this afternoon, claiming it ...

Google Launches Touchscreen Chromebook

Google on Thursday introduced a high-resolution Chrome OS portable computer equipped with a touchscreen. The new gadget, called Pixel, represents a shift that blurs the boundaries between the traditional key-board oriented laptops and the touch-oriented tablets. Moreover, the invention also distorts the company’s Web-centric operating ...

Investigations Continue Into Plywood from China

On November 9, 2012, the International Trade Commission (USITC) announced that continuing investigations allege that hardwood plywood from China was subsidized and sold for less than fair value in the United States.  All six Commissioners with the USITC agreed that investigations should continue.   Hardwood plywood and ...

Department of Justice and Federal Trade Commission Sign Memorandum with Two Indian Authorities

On September 27, 2012, the US Department of Justice and the Federal Trade Commission signed a memorandum of understanding with the Government of India Ministry of Corporate Affairs as well as the Competition Commission of India.  The antitrust memorandum encourages increased cooperation between competition agencies in each country ...

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