Business
Tuesday, 21 May 2013 11:46

World Nutella Day? Not So Fast, Company Says

Written by jc

Authors: jc

World Nutella Day? Not So Fast, Company SaysSimon Dawson/Bloomberg via Getty Images(NEW YORK) -- Ferrero, the Italian company that makes Nutella, has scrapped a superfan's global tribute to the chocolaty spread. Sara Rosso started World Nutella Day back in 2007, dubbing February 5 the day Nutella's legions of fans can celebrate the stuff.
However, after years of fans sharing...

Tuesday, 21 May 2013 11:11

WATCH: Yahoo, Tumblr CEOs Dish on Merger

Written by Jeanette Torres

Authors: Jeanette Torres

WATCH: Yahoo, Tumblr CEOs Dish on MergerABC News(NEW YORK) -- Yahoo CEO Marissa Mayer says she's not worried about the adult content on her new acquisition -- Tumblr -- and she'll make sure that people who don't want to see it won't.
Meanwhile, 26-year-old Tumblr CEO and co-founder David Karp will stay on, and he's growing more comfortable with the notion of...

Tuesday, 21 May 2013 09:21

Microsoft to Reveal Xbox 360 Successor

Written by Jeanette Torres

Authors: Jeanette Torres

Microsoft to Reveal Xbox 360 SuccessorMicrosoft(NEW YORK) -- After eight years on the shelves and having sold some 70 million units, Microsoft's Xbox 360 is finally getting a successor on Tuesday.
The Xbox reveal comes a bit late to the party as the last of the big three home console makers to announce a new system.  Exactly three months ago on Tuesday,...

Authors: Jeanette Torres

JPMorgan Shareholders to Vote on Separating Dimon's RolesAndrew Harrer/Bloomberg via Getty Images(TAMPA, Fla.) -- A shareholder showdown is scheduled Tuesday at the annual meeting of JPMorgan Chase in Tampa, Fla.

A vote is expected on a proposal to separate the jobs of chairman and CEO at the big bank.  If the effort -- which was started by several large pension funds -- is...

Authors: Jeanette Torres

Apple CEO Defends Company's Offshore Tax PolicyJustin Sullivan/Getty Images(WASHINGTON) -- Apple and congressional investigators both tried to get in a preemptive punch or two in advance of Apple CEO Tim Cook's testimony later Tuesday in Washington on the way Apple avoids paying U.S. taxes on money it earns overseas.

Apple released an advance copy of Cook's testimony...

Authors: Jeanette Torres

Top 14 Jobs That Don't Require a College DegreeMedioimages/Photodisc/Thinkstock(NEW YORK) -- While one's earning potential increases with a college degree, you don't necessarily need to spend $40,000 a year for a diploma for a job that pays as much.
Jobs search site CareerCast.com released a list of 14 of the best jobs without a college degree.
Tony Lee, publisher of...

Monday, 20 May 2013 19:17

Gas Prices Jump Across the US

Written by Carmen Cox

Authors: Carmen Cox

Gas Prices Jump Across the USiStockphoto/Thinkstock(WASHINGTON) -- Gas prices across the country are still rising ahead of one of the year's busiest travel weekends. The weekly average price of a gallon of regular gas is $3.67, up 7 cents from a week earlier, according to data from the Department of Energy.
 
The biggest price jump in the country has...

Monday, 20 May 2013 19:07

Yahoo! Gives Flickr a Makeover

Written by jc

Authors: jc

Yahoo! Gives Flickr a MakeoverDavid Paul Morris/Bloomberg via Getty Images(NEW YORK) -- It's a big day for Yahoo. A few hours after announcing its $1.1 billion acquisition of Tumblr, Yahoo announced some major updates to its Flickr photo-sharing service.
"Tonight is about Flickr," Yahoo CEO Marissa Mayer said at an event in New York City Monday evening. "It is about...

Authors: Carmen Cox

Senate Probe Finds Apple Avoids Billions in Taxes Feng Li/Getty Images(WASHINGTON) -- A new Senate investigation has found that Apple Inc. has used a complex web of offshore companies – particularly three in Ireland – to avoid paying billions of dollars in U.S. income taxes.
Apple executives will visit Capitol Hill on Tuesday to respond to the findings contained in...

Monday, 20 May 2013 17:19

Stocks Clip Recent Rallies, Close Lower

Written by Carmen Cox

Authors: Carmen Cox

Stocks Clip Recent Rallies, Close LowerHemera/Thinkstock(NEW YORK) -- Investors on Monday took a timeout from the bull market. Declining stocks in the same top-performing sectors pulled the markets down.
The Dow Jones Industrial Average lost 19.12 points, or 0.1 percent, closing at 15,335.28 Monday. The Nasdaq Composite closed off two points, or 0.1 percent, at...

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