Top Stories


  • Federal funds earmarked to offset Affordable Care Act insurer losses

    Published: Wed, May 21, 2014

    The Obama administration has quietly adjusted key provisions of its signature healthcare law to potentially make billions of additional taxpayer dollars available to the insurance industry if companies providing coverage through the Affordable Care Act lose money. The move was buried in hundreds of pages of new regulations issued late last week. It comes as part of an intensive administration effort to hold down premium increases for next year, a top priority for the White House as the rates will be announced ahead of this fall's congressional elections.

  • Big Questions Now That Europeans Can Edit Google Search Results

    Published: Tue, May 13, 2014

    In case you missed it, Europe's highest court has set a new precedent: Individuals in 28 European countries can now they consider harmful. Is this ruling a big win for the individual? Or does this break the Internet? Companies like Google already routinely field takedown requests for material that violates defamation or copyright, but this is different. The Tuesday by the European Court of Justice requires search engines to consider takedown requests that are merely embarrassing or harmful. "Data belongs to the individual, not to the company," said EU Commissioner Viviane Reding, . "Unless there is a good reason to retain this data, an individual should be empowered — by law — to request erasure of this data."

  • Twitter to roll out 'mute' feature

    Published: Tue, May 13, 2014

    You know that friend who has an opinion or a joke about everything? Sure, they're entertaining, but sometimes you wish you could get them to shut up. Now on Twitter, you can. Twitter is rolling out a "mute" feature that will let you silence certain users in your feed. Once you've muted them, their tweets and retweets will no longer be visible in your timeline, and you won't receive their push or SMS notifications, although @ replies and mentions will still appear.

  • Sriracha Maker Says Factory Will Remain In California

    Published: Mon, May 12, 2014

    Sriracha hot sauce maker Huy Fong Foods has been tussling with the city council of Irwindale, Calif., near Los Angeles for months now over whether the factory's spicy smells harm its neighbors. There's been legal action and suggested fixes, but also pleas from other cities for the company to consider moving there. David Tran, the CEO of Huy Fong, says he escaped from Vietnam almost 35 years ago to be free of the communist government there and its many intrusions.

  • Overextended, Music TV Shows Fade

    Published: Mon, May 12, 2014

    On television at least, it looks as if the beat doesn’t go on. The phenomenon of music-based television shows, which have dominated the ratings for more than a decade, seems by nearly every measure to be over or in steep decline. “They flooded the market,” said Simon Cowell, perhaps the individual most responsible for turning amateur singers into superstars, with his roles on “American Idol,” “The X Factor” and “America’s Got Talent.” “There have just been a ton of shows, and something has simply gone awry.”

  • Sources: Ex-Chesapeake CEO near deal for Enduring Resources

    Published: Sat, May 10, 2014

    Former Chesapeake Energy Corp. CEO Aubrey McClendon is leading an investor group set to buy Enduring Resources LLC in a deal that could value the oil and natural gas producer at more than $2 billion, people familiar with the matter said on Friday, Reuters reported. McClendon, who was a major figure in the U.S. energy industry before being ousted from Chesapeake last year in the aftermath of a governance scandal and liquidity crisis, remains a prominent shale dealmaker who has amassed wells and leaseholds in the Utica. Denver, Colorado-headquartered Enduring Resources is partly owned by buyout firm EnCap Investments LP and has oil and gas producing operations in Utah and West Texas. The company has been working alongside Jefferies on its sale, the people said.

  • Head of Devon Energy's Canadian operations to step down

    Published: Sat, May 10, 2014

    The head of Devon Energy Corp.’s Canadian division is stepping down as the operation heads into its next phase following the sale of its conventional oil and gas assets in February, the Toronto Globe and Mail reports. Chris Seasons, who has been president of Devon Canada for the past decade, said he will leave the Oklahoma City-based company at the end of June. He will be replaced by Rob Dutton, who is now vice-president of capital projects.

  • Why new college grads struggle in the job market

    Published: Wed, May 7, 2014

    Anybody graduating from college this spring should be forewarned: You’re probably expecting a better job than you’re going to get. Nobody denies it’s a tough job market for young workers, with the unemployment rate for twentysomethings well above the national average of 6.3%. Crushing levels of student debt compound the problem for those carrying it. And there’s still a gap between the skills students develop in college and those employers actually want.

  • Richard Branson's vision for NY to Tokyo in 1 hour

    Published: Wed, May 7, 2014

    Billionaire Sir Richard Branson sees a not-so-distant future when transcontinental air travel may be measured in minutes, not hours. "If we get it right, New York to Tokyo could be less than an hour," the Virgin Group founder told CNBC's "Squawk Box" on Tuesday. "You could be traveling at 19,000 miles per hour orbitally."

  • Amazon to let Twitter users #Shop till they drop

    Published: Mon, May 5, 2014

    Amazon.com has launched a new feature that allows shoppers to add products they discover on Twitter to their Amazon shopping carts — without leaving the microblogging site, CNBC reports. Whenever a customer finds a tweet with content they like, they can add the hashtag "#AmazonCart" to their reply. The online retail giant will then add the item to their Amazon.com shopping cart automatically. Customers must connect their Twitter feeds to their Amazon accounts in order for the feature to work.

  • High School Kids Are Freaking About New Snapchat

    Published: Fri, May 2, 2014

    Snapchat released a new version of its app yesterday — one that allows not only disappearing text messaging but a nifty, two-way video chat function. (It's a little hard to explain, but the Verge's demo video is good.) Essentially, the update changes Snapchat from being a lo-fi, single-function, disappearing-photo sharing app to a robust, multi-use communication platform that could, theoretically, replace things like FaceTime, Skype, and text messaging. I'm too old to get excited about Snapchat updates, or to know anyone who does. But at least one high school teacher says that the update caused pandemonium among her students.

  • Elon Musk's rocket company gets subsidies from U.S. and France

    Published: Wed, Apr 30, 2014

    Billionaire entrepreneur Elon Musk justifies U.S. subsidies for his rocket company by pointing to French subsidies for his competitors, reports the Washington Examiner. The problem: Musk's company also profits from those same French subsidies. It’s a standard tale of corporatism: Governments engage in an economic arms race, while the corporations profit from the attention.

  • Bank of America's $4 billion mistake

    Published: Tue, Apr 29, 2014

    Bank of America disclosed on Monday that it had made a significant error in the way it calculates a crucial measure of its financial health, suffering another blow to its effort to shake its troubled history, according to The New York Times. The mistake, which had gone undetected for several years, led the bank to report recently that it had $4 billion more capital than it actually had. After Bank of America reported its error to the Federal Reserve, the regulator required the bank to suspend a share buyback and a planned increase in its quarterly dividend. While regulators still believe Bank of America has sufficient capital, the disclosure of the accounting error will most likely add fuel to the debate over whether the nation’s largest banks are too big and complicated to manage, The Times reports.

  • Stop using IE until bug is fixed, says US

    Published: Mon, Apr 28, 2014

    It's not often that the US government weighs in on the browser wars, but a new Internet Explorer vulnerability that affects all major versions of the browser from the past decade has forced it to raise an alarm: Stop using IE. This zero-day exploit is an unpatched flaw in the browser that allows attackers to run malicious code remotely. Security firm FireEye said that it is currently being used to attack financial and defense organizations in the US via Internet Explorer 9, 10, and 11. Those versions of the browser run on Windows Vista, Windows 7, and Windows 8, although the exploit is present in Internet Explorer 6 and above.

  • Taco Bell is launching a new upscale chain

    Published: Fri, Apr 25, 2014

    There are some people who would never eat at a Taco Bell. The fast food chain’s executives know this and they won’t bother trying to convince them otherwise. But how about enjoying a meal at U.S. Taco? Sounds better, right? U.S. Taco is the chain’s new alter-ego American-inspired restaurant (as opposed to Mexican-inspired, which is how company reps describe Taco Bell’s offerings.) Bloomberg Businessweek reports the first U.S. Taco opens this summer in Huntington Beach, California, not far from Taco Bell headquarters. “I would love one day to see 1,000 of these,” Taco Bell chief executive Greg Creed told the Orange County Register. “But let’s not get that far ahead of ourselves. We’re opening a restaurant and seeing what happens.”

  • Tulsa-based Williams closes Wyoming natural gas processing plant after explosion

    Published: Thu, Apr 24, 2014

    An explosion on Wednesday shut a natural gas-processing plant in Wyoming that can churn out about 2 percent of the daily U.S. gas supply, and a nearby town was evacuated though no injuries were reported, according to Reuters. The blast at the Williams Companies Inc plant in Opal, Wyoming, touched off a fire that was still burning several hours later, company spokeswoman Michele Swaner said.

  • For the Thrill of the Affair: Why Married Women Cheat

    Published: Tue, Apr 22, 2014

    When women cheat, it’s often considered a scandal, and never has cheating been as easy as it is now, when finding a willing partner is a click or a phone tap away. But what drives women to cheat? And do they stray as much and for the same reasons as men? Katherine, whose name has been changed, said she and her husband were married for 14 years. After undergoing major weight loss and multiple plastic surgeries, she began looking for excitement outside of what she said was a stale marriage and turned to AshleyMadison.com, the notorious dating website for “casual encounters.”

  • After nearly 20 years, Alfa Romeo returns to America

    Published: Fri, Apr 18, 2014

    Following a nearly 20 year absence Alfa Romeo is returning to the United States market with the 4C, an exotic-looking two-seat sports car that made its American debut at the New York Auto Show, says CNN Money. Alfa's return has been seriously discussed ever since the brand's parent company, Fiat, rescued Chrysler from bankruptcy in 2009. Strictly speaking, Alfa did make a minor U.S.-market re-entry with the pricey Alfa Romeo 8C in 2008. Only about 100 of those cars, with prices starting around $260,000, were ever sold in North America.

  • Conservative Activist Claims Women Paid The Same As Men Won't Find Husbands

    Published: Wed, Apr 16, 2014

    Days after Senate Republicans unanimously blocked a vote on the Paycheck Fairness Act, Phyllis Schlafly, founder of "pro-family" organization Eagle Forum, claimed that providing women with equal pay for equal work would deter their chances of finding a “suitable mate” in a Christian Post op-ed published Tuesday. Since a woman prefers to marry a man who makes more money than she does, Schlafly argued, decreasing the gender pay gap would leave women unable to secure a husband.

  • Opinion: What if the government guaranteed you an income?

    Published: Tue, Apr 15, 2014

    First, the bad news: Even if the economy improves, middle-class career paths will continue to disappear as globalization and technological innovation render more jobs obsolete. Now, the good news: The fear, stress and humiliation caused by unemployment (and underemployment) can be alleviated with a simple solution. And now, the even-better news: This simple solution is starting to find backers on both sides of the political spectrum.