Top Stories

  • Amazon to launch mystery product with public spectacle - CNET

    Published: Wed, Jun 4, 2014

    Amazon is unveiling a new device that it thinks will wow customers, and it's inviting the public to apply for a spot at its launch event in Seattle later this month, CNET reports. The e-commerce giant tweeted a link to its online invite form Wednesday, telling customers to "Join Amazon's founder Jeff Bezos for our launch event" on June 18. People have to submit a request for access, and customers are required to write why they want to attend. (They can additionally submit video to make their cases.) Amazon is also taking submissions from developers and journalists. Hints from Amazon's Twitter account indicate that the device could be the long-rumored Amazon smartphone, according to CNET A video posted in one of the tweets depicts people looking down at an off-screen device in their hands, exclaiming things like, "awesome," "it moved with me, " and "I don't think I've ever seen anything like this." Previous reports about the phone indicated that it would have 3D technology that would make objects appear to leap off the screen.

  • How much is the Thunder worth? Here's how much every NBA team is worth based on Clippers' price tag

    Published: Tue, Jun 3, 2014

    Business Insider recently took a look at how the sale of Los Angeles Clippers is going to change how pro teams' valuations are calculated based on how out-of-whack the $2 billion price tag was compared to the previously perceived value. Prior to the proposed Clippers sale to Steve Ballmer, the New York Knicks were considered the most valuable team in the NBA at $1.4 billion, according to Forbes. Meanwhile, the Clippers were considered just the 13th most valuable team with a valuation of $575 million. The overriding implication is that NBA teams in general are worth a lot more than most people think, according to Business Insider.

  • A Third Of America's 18-34 Years Olds Live With Their Parents

    Published: Mon, Jun 2, 2014

    Increasing numbers of young Americans are heading to college, where they're racking up debt to pay for rapidly increasing tuition costs. Those graduating are being confronted by a challenging jobs market, which eventually leads many to just drop out of the labor force altogether. Read more:

  • Bakery Will Stop Making Wedding Cakes After Losing Discrimination Case - CBS Denver

    Published: Mon, Jun 2, 2014

    The owner of a bakery in Lakewood said he will no longer sell wedding cakes after the Colorado Civil Rights Commission ruled he did discriminate against a gay couple when he refused to sell them a cake. Jack Phillips owns Masterpiece Cakeshop. In 2012, David Mullins and Charlie Craig went to the shop to order a cake for their upcoming wedding reception. They planned to marry in Massachusetts and have a reception in Colorado.

  • Hachette Chief Leads Book Publishers in Amazon Fight

    Published: Mon, Jun 2, 2014

    As a young book editor at Little, Brown & Company in 1992, Michael Pietsch paid $80,000 — $45,000 more than the next-highest bidder — for a postmodern novel by a little-known writer named David Foster Wallace. He spent years urging Mr. Wallace to cut hundreds of pages from the sprawling manuscript and impose at least some structure on the disparate plot strands. The book, “Infinite Jest,” was finally published in 1996 and became an instant literary sensation.

  • Google to launch 180 satellites to bring web access to ENTIRE planet

    Published: Mon, Jun 2, 2014

    The world wide web may seem like a global community, but two-thirds of the planet still remain without access. Now, Google is planning to change this by launching a fleet of 180 satellites to provide web access for the 4.8 billion people not yet online, according to sources close to the company. The California-based giant will spend more than $1 billion (£600 million) on the technology, which will rival Facebook’s efforts to connect remote regions of the world.

  • McDonald’s Workers Arrested at Protest Near Headquarters

    Published: Thu, May 22, 2014

    More than 100 McDonald’s employees and some labor and clergy members were arrested after protesting for increased wages near the fast-food chain’s headquarters in Oak Brook, Illinois. The event, the latest in a series of demonstrations by workers demanding $15-an-hour pay and the right to form a union, began at 1 p.m. local time yesterday, on the eve of McDonald’s Corp.’s shareholder meeting.

  • eBay makes users change passwords

    Published: Wed, May 21, 2014

    Auction site eBay is forcing users to change their passwords after a cyber-attack compromised its systems. The US firm said a database had been hacked between late February and early March, and had contained encrypted passwords and other non-financial data.

  • 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 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 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.