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Hard times for Hometown Hardware

Remake AmericaA tough time gets tougher for a small business owner in N.J.


EU gives Google 'weeks' to ease antitrust concerns

The European Union has given Google "a matter of weeks" to propose remedies to antitrust concerns arising from its alleged dominant position in the online search market.

EU gives Google 'weeks' to ease antitrust concerns

The European Union has given Google "a matter of weeks" to propose remedies to antitrust concerns arising from its alleged dominant position in the online search market.

News Summary: EU presses Google to ease concerns

THE DEADLINE: The European Union is giving Google Inc. "a matter of weeks" to outline steps it is willing to take to ease concerns about alleged abuses of its dominant position in the online search market.

Yemen violence worsens as suicide bomber kills 90

A still image taken from video shows army personnel helping injured soldier at the scene of a suicide attack in SanaaSANAA (Reuters) - A suicide bomber with explosives strapped under his uniform killed more than 90 people at a military parade rehearsal in the Yemeni capital Sanaa on Monday, an attack which will alarm Washington as its involvement in the front-line state deepens. Yemeni President Abd-Rabbu Mansour Hadi, facing a growing campaign by an al Qaeda affiliate in the country, said security forces would become 'tougher and more determined in pursuing terrorist elements'. ...


News Summary: 'Transformers' roll out in new ride

In this undated image released by Universal Studios Hollywood, characters Megatron, left, and Optimus Prime are displayed during the 3D" debuts Friday at Universal Studios Hollywood and opened in December at Universal Studios Singapore.


Father of webcam victim: Defendant has no remorse

FILE -- In a Feb. 24, 2012 file photo former Rutgers University student, Dharun Ravi, arrives at his trial in New Brunswick, N.J. Sentencing for 20-year-old Dharun Ravi is scheduled for Monday May 21, 2012. (AP Photo/Mel Evans/file)The father of Tyler Clementi told a judge on Monday that the former Rutgers student who was convicted earlier this year of bias intimidation for using a webcam to spy on his son deserves punishment.


Court won't reduce student's music download fine

FILE - In this July 30, 2009 file photo, Joel Tenenbaum, from Providence, R.I., poses outside federal court in Boston, after taking the stand in his defense in his copyright-infringement trial. On Monday, May 21, 2012, the U.S. Supreme Court refused to hear an appeal from Tenenbaum, who was successfully sued by the Recording Industry Association of America for illegally sharing music on peer-to-peer networks. In 2009, a jury ordered Tenenbaum to pay $675,000, or $22,500 for each song he illegally downloaded and shared.(AP Photo/Bizuayehu Tesfaye, File)The Supreme Court has refused to take up a Boston University student's constitutional challenge to a $675,000 penalty for illegally downloading 30 songs and sharing them on the Internet.


Court won't reduce student's music download fine

FILE - In this July 30, 2009 file photo, Joel Tenenbaum, from Providence, R.I., poses outside federal court in Boston, after taking the stand in his defense in his copyright-infringement trial. On Monday, May 21, 2012, the U.S. Supreme Court refused to hear an appeal from Tenenbaum, who was successfully sued by the Recording Industry Association of America for illegally sharing music on peer-to-peer networks. In 2009, a jury ordered Tenenbaum to pay $675,000, or $22,500 for each song he illegally downloaded and shared.(AP Photo/Bizuayehu Tesfaye, File)The Supreme Court has refused to take up a Boston University student's constitutional challenge to a $675,000 penalty for illegally downloading 30 songs and sharing them on the Internet.


30 songs, $675,000: Court won't reduce student's download fine

FILE - In this March 28, 2012 file photo, the Supreme Court is seen in Washington. The Supreme Court won't reduce the $675,000 verdict against a Boston University student who illegally downloaded 30 songs and shared them on the Internet. (AP Photo/Charles Dharapak, File)The Supreme Court has refused to take up a Boston University student's constitutional challenge to a $675,000 penalty for illegally downloading 30 songs and sharing them on the Internet.


Nasdaq modifies its IPO applications

Nasdaq says it has modified its system for handling initial public offerings after technical glitches marred the debut of Facebook on Friday.

Facebook sinks as Nasdaq scrambles to square trades

Monitors show the value of the Facebook, Inc. stock during morning trading at the NASDAQ Marketsite in New York(Reuters) - Facebook shares sank on Monday in the first day of trading without the full support of the company's underwriters, leaving some investors down 25 percent from where they were Friday afternoon. Facebook's debut was beset by problems, so much so that Nasdaq said on Monday it was changing its IPO procedures. That may comfort companies considering a listing but does little for Facebook, whose lead underwriter Morgan Stanley had to step in and defend the $38 offering price on the open market. Without that same level of defense, its shares fell $4.50 to $33. ...


Samsung seeks cross-licensing deal as talks to end Apple patent war commence

Samsung seeks cross-licensing deal as talks to end Apple patent war commenceSamsung’s mobile boss JK Shin on Sunday confirmed to reporters that the South Korea-based consumer electronics giant is making new efforts to end its patent war with Apple. While Shin did admit that there is still much work to be done, he said there are a number of possible resolutions that the companies will consider. “There is still a big gap in the patent war with Apple but we still have several negotiation options including cross-licensing,” Shin told reporters at the Seoul airport while waiting to board a flight to the United States with Samsung CEO Choi Gee-sung, Reuters reports. Samsung and Apple are scheduled to meet today in an effort to take the first steps toward putting an end to


Nasdaq announces plan for unfilled Facebook orders

NEW YORK (Reuters) - Nasdaq has engaged federal regulators to untangle the problems that occurred at the opening of Facebook Inc's initial public offering on Friday that could eventually result in financial restitution for investors who did not get shares at the desired price. The Financial Industry Regulatory Authority will review requests from investors whose orders were not filled at the opening cross price of $42 or were filled at an inferior price, the Nasdaq said in a statement. FINRA will report on the total value of investor claims to Nasdaq. ...

Morgan Stanley works on Facebook IPO orders: source

NEW YORK (Reuters) - Morgan Stanley's brokerage affiliate, Morgan Stanley Smith Barney, has a "large number" of market orders that were entered Friday for the trading debut of Facebook Inc stock that have still not been reconciled, according to an adviser at the firm. The adviser, who is not allowed to talk to the media and who declined to be identified, received an email from Morgan Stanley Smith Barney sent to financial advisers right after Morgan Stanley Smith Barney's Monday morning meeting at 9 a.m. EDT (1300 GMT). ...

Where are Facebook's friends? Stock down after IPO

FILE - In a Friday, May 18, 2012 file photo, curious bystanders watch through the Nasdaq windows as Facebook shares begin trading, in New York. Facebook's stock is sinking nearly 7 percent, Monday, May 21, 2012, falling below the $38 IPO price, in the social network's second day of trading as a public company. (AP Photo/Richard Drew, File)Facebook's stock is tumbling well below its $38 IPO price in the social network's second day of trading as a public company on Monday. Shares are down 11 percent in late morning trading.


Where are Facebook's friends? Stock down after IPO

FILE - In a Friday, May 18, 2012 file photo, curious bystanders watch through the Nasdaq windows as Facebook shares begin trading, in New York. Facebook's stock is sinking nearly 7 percent, Monday, May 21, 2012, falling below the $38 IPO price, in the social network's second day of trading as a public company. (AP Photo/Richard Drew, File)Facebook's stock is tumbling well below its $38 IPO price in the social network's second day of trading as a public company on Monday. Shares are down 11 percent in late morning trading.


Dominique Strauss-Kahn facing ‘gang rape’ allegation

DSK Files Suit Against Hotel Maid Who Accused Him of Sexual AssaultDominique Strauss-Kahn is facing a new rape allegation stemming from a 2010 "sex party" in a Washington, D.C. hotel.


Yahoo to sell half of its Alibaba stake for $7.1B

Unos jóvenes caminan frente al logotipo corporativo de Alibaba Group en Hangzhou, China, el lunes 21 de mayo de 2012. Yahoo venderá la mitad de su participación en la empresa china de comercio electrónico por unos 7.100 millones de dólares, se informó el lunes. (Foto AP)Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders.


Yahoo to sell half of its Alibaba stake for $7.1B

Unos jóvenes caminan frente al logotipo corporativo de Alibaba Group en Hangzhou, China, el lunes 21 de mayo de 2012. Yahoo venderá la mitad de su participación en la empresa china de comercio electrónico por unos 7.100 millones de dólares, se informó el lunes. (Foto AP)Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders.


Massachusetts gas prices down another 6 cents

Massachusetts gas prices are down for the fifth consecutive week.

AAA Mich.: Gas prices up 5 cents in past week

AAA Michigan says gasoline prices rose about 5 cents during the past week to a statewide average of $3.74 per gallon.

Yahoo! Makeover Continues With Alibaba Deal

The Yahoo! offices are pictured in Santa MonicaOver the weekend Yahoo! (YHOO) finalized a deal to sell half of its long-standing 40% stake in Chinese e-commerce company Alibaba. The deal is valued at $7.1 billion -- $6.3 billion in cash and $800 million worth of newly minted Alibaba preferred shares.


Maine gas prices down 3 cents

Gas prices in Maine are continuing to fall and are getting closer to the national average.

Ohio gas prices rise for kickoff of summer driving

Gasoline prices in Ohio have increased slightly ahead of Memorial Day and the traditional start of the summer driving season.

Alibaba buys back stake held by Yahoo for $7.1 billion

Employees play table tennis inside the headquarters office of Alibaba (China) Technology Co. Ltd on the outskirts of HangzhouSHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma's Alibaba Group is buying back up to half of Yahoo Inc's 40 percent stake for $7.1 billion in a deal that moves the Chinese e-commerce leader closer to a public listing. Under the agreement, Yahoo will sell one-half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...


Presenting The BGR Show

Presenting The BGR ShowOver the past six years, BGR has grown into one of the most prominent destinations in the world for mobile and tech news. We have broken some of the biggest stories in tech and offered up some of the most honest opinions. But we’ve never done video. Today, we’re announcing The BGR Show, and I couldn’t be more thrilled to partner with a long-time friend of mine, Pharrell Williams, to bring the show to his new YouTube channel, i am OTHER. The BGR Show won’t be a boring show that looks at the technical aspects of cell phones. It’s a show that focuses on the fact that technology is now present in practically every aspect of our lives, and we’ll


National gas prices down 6 cents in past 2 weeks

The average U.S. price of a gallon of gasoline has dropped six cents over the past two weeks.

HTC handsets finally released from customs; Samsung clamps down on S-Voice leaks

Just a few days ago, we learned that new HTC One X and EVO 4G LTE smartphones, for use on AT&T and Sprint respectively, were held up in U.S. customs for infringing Apple’s patents. Back in December, Apple won an exclusion order from the International Trade Commision (ITC) because Android's messaging app and browser infringed upon an Apple patent which covers automatically converting phone numbers and email addresses into clickable menu items. It appears this was the reason the phones were stopped on their journey to U.S. stores.

Tanning mom: ‘I’m sorry, I’m tan. I like to be tan. It just feels good’

Alderman Wants To Ban Tanning Beds For Anyone Under 18Patricia Krentcil, the New Jersey woman dubbed the "Tanning Mom" after she was arrested for allegedly taking her young daughter tanning, wants people to know she's not the leather-faced lunatic the media has made her out to be. "I'm up at 3 in the morning, making sure all the wash is done," Krentcil told the [...]


Facebook’s stock drops, but that doesn't mean it failed

Monitors show value of Facebook, Inc. stock before closing bell at NASDAQ Marketsite in New YorkThanks to rapidly growing private exchanges like SecondMarket, the price discovery that an IPO enables can take place long before the media frenzy of an initial public offering.


Alibaba in talks to raise $2.3 billion equity for Yahoo deal: sources

Employees play table tennis inside the headquarters office of Alibaba (China) Technology Co. Ltd on the outskirts of HangzhouSINGAPORE/HONG KONG (Reuters) - Chinese Internet firm Alibaba Group is in talks with existing shareholders, including Singapore state investor Temasek Holdings , to raise about $2.3 billion in equity to partly finance its deal with Yahoo Inc. , two sources said. Entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Alibaba is looking to raise about a third of the $7.1 billion through issuance of equity to shareholders, one of the sources told Reuters. ...


Free-e-book promotes fall releases with excerpts

Summer is weeks away, but the fall book season has already started.

If Facebook hosted a constitutional convention

Is Facebook bigger than the Constitution? In some ways, the social network already is, but it may not be big enough to host a constitutional convention.

Who's to Blame for Facebook's Messy IPO Debut?

Who's to Blame for Facebook's Messy IPO Debut?With a weekend to figure things out, we've got a few suspects to blame for the mess that was Facebook's IPO debut on Friday. After a late start due to glitches on NASDAQ and a possible scandal in which Morgan Stanley upheld the price of the stock, Facebook's stock ended the day just where it started. It had a mini-pop, but it didn't soar, as expected. That was not supposed to happen. ...


Where are Facebook friends? Stock sinks on 2nd day

Facebook's stock is sinking nearly 7 percent, falling below the $38 IPO price, in the social network's second day of trading as a public company Monday.

S.Africa picks next 19 projects in green energy drive

Scouts participate in a Greenpeace workshop in DurbanPRETORIA (Reuters) - South Africa has chosen 19 renewable energy projects in the second stage of its drive to cut its reliance on coal-fired plants, and bidders have until December to prove the projects are financially viable, the energy minister said on Monday. Africa's largest economy depends on coal for 85 percent of its electricity supply of around 41,000 MW. In a bid to reduce its carbon footprint it launched a bidding process to eventually add up to 3,725 MW of green energy to the national grid by 2016, a move seen attracting investment of 100 billion rand. ...


EU offers Google last chance in antitrust case

People walk past a logo next to the main entrance of the Google building in ZurichBRUSSELS (Reuters) - The European Union's antitrust chief on Monday ratcheted up the pressure on Google, giving it a matter of weeks to settle an investigation into allegations of anti-competitive behavior and avoid formal charges and a possible fine. Even if the world's most popular search engine offers concessions to resolve the issue, it will still be under the EU spotlight following fresh complaints over its Android mobile software, the top operating system for Internet-enabled smartphones. ...


Four climbers die on Everest

German, South Korean, Chinese and Canadian climbers died on Everest yesterdayFour climbers from Germany, South Korea, China and Canada have died returning from the summit of Mount Everest, tour agents and officials said Monday, with one other mountaineer also missing.


Some HTC phones released from Customs after Apple patent ploy stalls shipments

Some HTC phones released from Customs after Apple patent ploy stalls shipmentsHTC on Sunday announced that some of its smartphones have already been inspected by United States Customs and have been released to carriers. The Taiwan-based vendor hit a roadblock last week when its devices were held up in Customs due to an ongoing legal dispute with Apple. “Each imported HTC model must be reviewed by Customs and will be released once Customs officials have completed the inspection,” the company wrote on its website. “Some models have gone through inspection and been released to our carriers customers. We don’t have the status of each specific device model at this time, but we are working closely with Customs. We remain confident that this issue will be resolved soon.” Earlier reports suggested that HTC


Obama video hits Romney role in Ampad bankruptcy

FILE - In this July 14, 2006, file photo, Massachusetts Gov. Mitt Romney uses a map of the Big Dig tunnels to make a point about potential trouble spots during an afternoon briefing in Boston. Romney was at his New Hampshire vacation home on a summer night in 2006 when tons of concrete ceiling panels in one of Boston’s Big Dig highway tunnels collapsed. The debris crushed a car and killed a female passenger. Romney, then in his final year as Massachusetts governor, dashed back to Boston and immersed himself in the crisis. His response offers insights into what kind of leader the expected Republican nominee would be if elected president. Romney has made his management skills a major selling point in his campaign. (AP Photo/Celina Fang)The story of Ampad, a company acquired by Bain Capital in 1992 that later went bankrupt, was used successfully by Democrats 18 years ago to help derail Mitt Romney’s run for a U.S. Senate seat from Massachusetts.


Suicide bomber kills at least 96 in Yemen; al-Qaida claims responsibility

On Monday, a suicide bomber posing as a member of the Yemeni military killed at least 96 people and wounded hundreds more—most if not all soldiers—in a blast in Sanaa, Yemen's capital. The soldiers were rehearsing for a military parade in Sabeen Square near the presidential palace, Yemeni officials said. According to Agence France-Press, the [...]

Former Yahoo CEO steps down from Splunk board

Scott Thompson, the former CEO of Yahoo, has also resigned from the board of software maker Splunk Inc.

Ahead of the Bell: Facebook below IPO price

Facebook Inc. stock has dropped below the initial public stock offering price in premarket trading Monday, an inauspicious start to the company's first full week of trading after its market debut Friday suffered some hiccups.

RI's big bet on Curt Schilling raises questions

Former Boston Red Sox pitcher Curt Schilling, center, is followed by members of the media as he departs the Rhode Island Economic Development Corporation headquarters, in Providence, R.I., Wednesday, May 16, 2012. Schilling briefed Rhode Island Gov. Lincoln Chafee and economic development officials Wednesday during a closed-door meeting that could determine the fate of his video game company. (AP Photo/Steven Senne)In 2010, the man who'd helped Boston win its first World Series in more than 80 years came to Rhode Island promising the job-starved state something even better: hundreds of good jobs, millions of dollars in tax revenue and a foothold in the booming business of video games.


Dominican election in dispute after apparent win

A woman mark her ballot during the presidential election in Santo Domingo, Dominican Republic, Sunday May 20, 2012. (AP Photo/Manuel Diaz)A governing party official appeared to have scored a first-round win in the Dominican Republic's presidential election but supporters of his main opponent said they would challenge the results.


John Edwards jury looking at 'bunny' money

John Edwards arrives at the federal courthouse for jury deliberations in GreensboroEdwards' trial for misusing campaign money enters its second full day of jury deliberations.


3 Mindsets That Can Kill Your Startup

This article is brought to you by TriNet. For more information about BrandSpeak, click here.

Ahead of the Bell: Watching Facebook after the IPO

Facebook Inc.'s stock will be closely watched this week after the social network's market debut on Friday suffered some hiccups.

Google Loans 22,000 Feet of Office Space for NYC Tech Campus

Google is going all-in in its efforts to help New York and one university develop local, high-quality tech talent. In a press conference Monday at Google's New York City headquarters, Google CEO Larry Page and NYC Mayor Michael Bloomberg announced that the search giant would provide 22,000 feet of free office space to CornellNYC Tech until its new campus on Roosevelt Island is complete. The deal represents another high-profile tech win for the New York City mayor. The city was recently named the fastest-growing tech hub in the country.
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