The dad believes he is disciplining his child, but this does seems over the line. Twelve-year-old Jose Gonzalez isn’t having much fun on his spring break. But his father hopes it will be a week the Denver-area youth will never forget. The Denver Post reports that after Joseph Gonzalez found out that Jose had stolen $100 from a cousin’s wallet, ... Read More »

A major Yahoo shareholder passed over for a seat on the troubled Internet company’s board is blasting the decision as “illogical.” Hedge fund manager Daniel Loeb described the snub as a glaring example of shoddy corporate governance in a Wednesday letter to Yahoo CEO Scott Thompson. Loeb contends he would have been a better representative for Yahoo Inc. shareholders because ... Read More »

JetBlue has suspended Captain Clayton Osbon who seems to have suffered an apparent panic attack in midair that eventually led to passengers and flight crew to control and restrain him. “As of now, he’s been taken off all active duties and responsibilities pending further investigation,” JetBlue spokeswoman Tamara Young told ABCNews.com today. The FAA called the incident a medical emergency. ... Read More »

New York Jets quarterback Tim Tebow Jerseys is the center of all the controversy as Nike moved to court against Rebook to prove it is superior. Nike (NKE) claimed in a lawsuit in U.S. District Court that Reebok International has used Tebow’s name on Jets-related apparel without permission since it was announced last week that Tebow was traded from the ... Read More »

Magic Johnson Group has brought LA Dodgers at an auction. The $2 billion bankrupt team has been taken over by the Magic Johnson group to help revive it. Los Angeles Dodgers owner Frank McCourt has announced an agreement Tuesday night to sell the bankrupt team for $2 billion to a group that includes former Lakers star Magic Johnson and former ... Read More »

Silicon Graphics which is now known as Graphics Properties has sued top mobile manufacturers Apple, Sony, HTC and LG over patent violation over the sale of their mobile phones and other electronic devices. The lawsuit has been filed in U.S. District Court in Wilmington, Delaware. The patent at issue relates to a computer graphics process that turns text and images ... Read More »

The global phenomenon of Harry Potter is back in electronic format. The hard copy of book broke all records for sales and the movies broke many records in the box-office. All seven books in the series are now on sale in the Pottermore Shop, marking the first time the “Harry Potter” series — which shattered book sales records and spawned ... Read More »