Authors: Carmen Cox
Photos.com/Thinkstock(NEW YORK) -- It was inevitable. With power out along the Eastern Seaboard for millions of people, the data centers and servers powering many websites were also hit, knocking popular websites offline for hours.
The biggest casualty? Datagram, the Internet service provider based in New York City that powers...
Authors: Carmen Cox
Terry O'Neill/Getty Images(NEW YORK) -- The Walt Disney Company (NYSE: DIS) announced Tuesday that it has agreed to acquire Lucasfilm Ltd. in a stock and cash transaction valued at $4.05 billion. Lucasfilm is 100 percent owned by Lucasfilm chairman and founder, George Lucas.
Under the agreement and based on the closing...
Authors: Carmen Cox
Kevork Djansezian/Getty Images(NEW YORK) -- Apple announced on Monday that Scott Forstall, its head of software for the iPad and iPhone, would be leaving the company at the end of the year. It was a dramatic change for the Cupertino, Calif., company, and many analysts surmised that the ousting was a result of the...
Authors: Carmen Cox
Hemera/Thinkstock(NEW YORK) -- Hurricane Sandy‘s winds and rains subsided Tuesday, and the New York Stock Exchange announced it will open for normal operations on Wednesday. This was the first time since 1888 that weather shut down stock trading for two days.
NYSE Euronext said trading will resume for all U.S....
Authors: Joshua Cohan
Phillip Spears/Digital Vision(WASHINGTON) -- Home prices rose in nearly all major American cities in August, the biggest jump in two years.
Prices were up 1 to 2 percent in 20 major cities -- from Detroit to Dallas. In hard-hit Phoenix, home price tags up more than 1.5 percent.
“As home prices increase [consumers] are more...
Authors: Christine Hsu
Metropolitan Transportation Authority / Aaron Donovan(NEW YORK) -- The multi-billion dollar insurance losses from Hurricane Sandy could be larger than anyone expected before the massive storm blew ashore, and it may take weeks to assess the damage from widespread flooding and destruction in the east.
Preliminary estimates are...
Authors: Carmen Cox
Microsoft(SAN FRANCISCO) -- Even as Hurricane Sandy pounded the Eastern Seaboard, drowning out a lot of other news, Microsoft took the stage Monday afternoon in San Francisco to show off its Windows Phone 8 operating system, which the company will release on new phones this month and next.
While Microsoft had previously detailed...
Authors: Carmen Cox
Apple(CUPERTINO, Calif.) -- Silicon Valley isn’t letting Hurricane Sandy get in the way of big tech announcements Monday. On the heels of Google and Microsoft’s big product launches Monday afternoon, Apple has just announced a big executive shake-up.
Scott Forstall, the senior vice president of iOS (the software made...
Authors: Carmen Cox
Jupiterimages/Thinkstock(WASHINGTON) -- The weekly national average gas price fell about 2 cents to $3.57 for a gallon of regular, the Energy Department’s Energy Information Administration reported on Monday, though Hurricane Sandy may affect East Coast refineries enough to push prices higher later.
Oil prices were falling...
Authors: Joshua Cohan
Matthew Fiasconaro/ABC News(WASHINGTON) -- As Hurricane Sandy prepares to make landfall as a mighty category 1 storm, consumers have been warned to be on the lookout and report any instances of price gouging.
"Natural disasters do bring out the best in some folks but the worst in others," said Katherine Hutt, spokesperson for...
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