Home » Archive for October, 2012

Auto Industry Comments Could Hurt Romney in Ohio

Republican presidential candidate Mitt Romney often boasts about how good of a job creator he is. However, he may be stretching the truth too far in Ohio and it could cost him dearly. Romney desperately needs to win Ohio, but he is being called out by two automakers for lying in an ad. Romney faces a huge hurdle in the state of Ohio, especially with blue-collar workers. It was caused because he opposed... 

Remains of Yasser Arafat to be Exhumed

Criminal investigators from France are having Yasser Arafat’s remains exhumed at the end of November to try to find how the former leader of the Palestinian Liberation Organization died, an official from France said. The official said that investigators from France were expected to arrive in Ramallah, a West Bank city, between November 24th and the 26th. Palestinian authorities said another investigative... 

Microsoft Exploring Music Options (NASDAQ: MSFT)

Microsoft is once again in search of a hit in digital music.  The company has failed to impress music fans with its Zune music players and service.  A strong music service has become a prerequisite for any serious player in the gadget business.  Now, Microsoft is hoping that its new service will help it regain ground it has lost to competitors Apple and Google. The company announced the release... 

Apple Asks Top Executives to Step down

Senior Vice President Scott Forstall has stepped down from Apple, Inc. On Monday, Forstall announced he was stepping down after he refused to sign a letter of apology to customers for the problems that occurred in the mapping service that was released with the iPhone 4S, according to information given by a person familiar with the situation. This was only the latest disagreement Forstall has had with... 

Burger Kings Sees Profit Drop by 83%

Burger King has reported its first earnings since it went public again. The company earned just over $6.6 million, but that was down from third quarter earnings of last year that were $38.8 million. Burger King Worldwide, one of the largest hamburger chains in the country, said its net income in the third quarter fell by an astronomical figure of 83%. The hamburger chain was one of just a few publically... 

Investors Looking For Transparency From Citigroup (NYSE: C)

Analysts and investors have a message for the new chief executive of Citigroup: Shrink your bank quickly, and be more transparent as you do so.  Many investors felt Citi’s overhaul under the previous chief executive, Vikram S. Pandit, wasn’t bold or quick enough.  Mike Mayo, an analyst with brokerage firm CLSA, said, “Citigroup has acted as if it’s too big to care.  That means that they... 

Swing States Getting Closer and Closer

Television advertising has been increased in Florida by the President Barack Obama campaign. The state is the largest battleground state in the election on November 6. The reelection campaign for Obama has also revved up the television advertising in Wisconsin, Republican vice presidential nominee Paul Ryan’s home state. In Ohio, Mitt Romney had more ads on the air in what is a historically must... 

Giants take World Series Title

The San Francisco Giants needed 10 innings, but were able to defeat the Detroit Tigers to sweep the World Series and have now won the World Series twice in the past three seasons. The win on Sunday night gave the Giants a four game sweep of the Tigers. The final score was 4-3 and gave the Giants the title in front of Tigers’ fans at Comerica Park. The Giants needed an impressive display of baseball... 
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