Business

Hackers have broken into a Nasdaq service that handles confidential communications for some 300 corporations. The company said, exposing another vulnerability in the computer systems that Wall Street runs on. The infiltration of Hackers did not affect the trading systems of Nasdaq and no customer data were hacked. It did not cause any unwanted panic in the Nasdaq trades. A ... Read More »

Continued user interest towards social media like Facebook,yahoo buzz, Google buzz has bloomed online industry to such an extend that it leads the way for attracting kids, youth and professionals to interact with it everyday. Well, wait a min. What will happen to the good old TV. Boy, once people particularly teens  used to  stick to the TV like an ... Read More »

Toyota to recall a massive number of  Cars as a precautionary step to check fuel leak problems. The automobile car that is being recalled are Lexus IS and GS sedans in the US. I think this recall is a real deal that questions Toyota’s image. It is not often we see a company like Toyota to recall some 1.7 million ... Read More »

Bank of America has reported a second straight quarterly loss, driven by a $2bn (£1.25bn) writedown of its mortgage business. The bank announced a net loss of $1.2bn in the last three months of 2010, compared with a $5.2bn loss a year ago. However, last year’s results included a $4bn charge related to the government’s Troubled Asset Relief Program (Tarp). ... Read More »

Apple Inc.’s 78 percent surge in profit, buoyed by holiday purchases of iPads, iPhones and Mac computers, helped allay concerns about the company’s prospects as Chief Executive Officer Steve Jobs takes medical leave. Net income in the fiscal first quarter rose to $6 billion, or $6.43 a share, from $3.38 billion, or $3.67, a year earlier, Apple said yesterday in ... Read More »

Looks like investors believe that Steve Jobs is the iron hand that holds the Apple together and without him Apple would really hit the floor. Apple Inc. shares fell 4.4% in early trading Tuesday, erasing about $15 billion in market value, after the consumer-electronics company disclosed that company visionary Chief Executive Steve Jobs would take another medical leave. Few CEOs ... Read More »

The government deficit has ballooned to an all-time, eye-popping high: $14 trillion. And what does the frightful milestone mean for the average American? A whopping historical record $45,300 for each person. While the government spending debate has been going on for decades, the upcoming one will center around whether or not Congress will lift the legal debt limit or rework ... Read More »