TweetShareThe Huffington Post has been acquired by AOL for $300 million in cash and $15 million in stock. The deal was signed Sunday night and announced early Monday. The purchase nipped 40 percent off AOL’s cash-on-hand. The Huffington Post was created in 2005 for a paltry $1 million. It had the right formula and [...]
Archive for the ‘MONEY’ Category
AOL Buys Huffington Post For $315 Million
Posted by Amy Sue Andrews on February 7th, 2011
Posted in MONEY 
Tags: america on line, aol, arianna hufington, armstrong, buyout, huffington, huffington post, huffington post media grooup, merge, merger, news media, tim armstrong 
Comments OffStarbucks First With Mobile Payment
Posted by James H. Abernathy on January 19th, 2011
TweetShareIn what could be the future for retail sales, Starbucks is allowing customers to pay for their Lattes with their smartphones. Company owned stores in the United States will be participating. Starbucks explained they implemented the policy in an effort to increase sales. People with BlackBerrys, iPhones, or iPod touch can use the Starbucks Card [...]
Posted in MONEY, SCIENCE AND TECHNOLOGY Tags: android, app, blackberry, credit, iphone, NFC, starbucks Comments OffIndia-Japan ASEAN Free Trade Deal Announced
Posted by Dominic Costillio on January 14th, 2011
TweetShareIndia announced Friday that a free trade agreement with Malysia and Japan will be signed on February 15. India’s minister of commerce, Anand Sharma said in a press conference, “Much more will come when we sign the final agreements, which will give a further boost (on trade), and also the agreements between India and the [...]
Posted in MONEY Tags: asean, Association of Southeast Asian Nations, free trade, India, Japan, malaysia Comments OffDuke Energy To Be Largest Power Company In U.S.
Posted by James H. Abernathy on January 10th, 2011
TweetShareDuke Energy announced Monday that it will buy Progress Energy. That will make Duke the biggest power company in the United States. Duke will pay $13.7 billion in stock. Progress accepted an offer from Duke that was 6.4 percent above the value of the stock during the last 20 trading days. If the deal [...]
Zuckerberg Scrapes Up $450 Million From Goldman Sachs
Posted by James H. Abernathy on January 3rd, 2011
TweetShareFacebook received $450 million from Goldman Sachs and an additional $50 million from the Russian investment firm Digital Sky Technologies, according to the New York Times. With this investment, Facebook’s value ranked above Time Warner, Yahoo or Ebay. The internet research firm Experian Hitwise reported that Facebook is now the most visited website, eclipsing Google [...]
Posted in MONEY Tags: digital sky technologies, Facebook, goldman sachs, sec, securities and exchange commission, twitter Comments OffChina Raises Rates Again
Posted by Dominic Costillio on December 27th, 2010
TweetShareThe People’s Bank of China increased its interest rate on Saturday for one-year lending and deposit rates, moving it up 25 basis points. As a result, the dollar fell 0.2% on the Dollar Index, which compares the dollar with the main trading partners of the U.S. The dollar fell against all its comparable currencies [...]
U.S. Rare Earths Back In Production
Posted by James H. Abernathy on December 26th, 2010
TweetShareMolycorp is set to break China’s lock on rare earth metals. The company has the permits and financing to begin operating its Mountain Pass, California mine. Molycorp closed the mine in 2004 due to groundwater problems and the introduction of cheap rare earths from China’s iron mining industry. China is currently the world’s largest producer [...]
Gasoline Demand Peaked In 2006
Posted by James H. Abernathy on December 21st, 2010
TweetShareThe U.S. has entered its fourth straight year of declining gasoline use. The all-time peak of demand was in 2006. The decline comes as a surprise to those who predicted an eternal increase in demand as part of the Peak Oil interpretation of energy use. Peak Oil predicts that declining availability would cause skyrocketing [...]
Congress Floats Feds Until Tuesday
Posted by Jeannette McBride-Hollings on December 18th, 2010
TweetSharePresident Obama averted a midnight-Saturday shutdown of the federal government by signing a short-term Continuing Resolution (CR). The House and Senate passed the bill Friday. The CR will fund the government until Tuesday, which gives the Democrats three more days to find a solution. “The entire government doesn’t shut down,” cautioned former Rep. Martin [...]
Tax Bill Goes To President
Posted by Jeannette McBride-Hollings on December 17th, 2010
TweetShareThe new tax bill about to be signed by President Obama will save the taxpayer from an automatic big jump in his rates that would have occurred on January 1. It will also give a year’s extension to benefits for the long-term unemployed. The tax credit for each dependent child is going to remain at [...]
