Business Timeline
Amazon Kindle Fire Sales Take Drastic Tumble In Q1 2012
Amazon managed to sell 4.8 million tablets in Q4 2011 thanks in large part to its massive marketing campaign and the holiday shopping season, now the [...]
Yahoo CEO Scott Thompson Lied On Resume
Yahoo CEO Scott Thompson is known as a top “turnaround artist” in the world of high level executives, specifically in the high tech sector[...]
Facebook IPO Set For May 18
Starting on Monday Facebook executives will start making the rounds to investors as the company prepares for its initial public offering which is now [...]
Amazon Goes After ‘Friday Night Lights’ Author, Knocks Book Pricing To $0 Following Starbucks Deal
Friday Night Lights author Buzz Bissinger became the first big name “casualty” of Amazon’s price guarantee contract clause this week[...]
Wall Street To Cut 21,000 Jobs In Biggest Purge Since Recession
Wall Street is earning profits at the moment but that doesn’t mean jobs on the famous financial exchanges of New York are safe as Wall Street re[...]
Apple Executives Courting EPIX, Hope To Bring More Movies To Apple TV
Apple Inc. in early 2012 began holding meetings with EPIX, a conglomerate of three major movie studios that provides highly rated films to customers, [...]
Nutella Settles Lawsuit For $2.5 Million, Admits Chocolate Spread Isn’t Healthy
Ferrero U.S.A. Inc., the maker of Nutella, has just settled a $2.5 million lawsuit. The class action lawsuit was brought against the company by a moth[...]
Amazon Kindle Fire As Loss Leader? Turns Out It’s A Huge Success
When Amazon announced that it would sell the Amazon Kindle Fire for $199, less than the cost to make it, analysts knew the company was hoping that the[...]
Senate Passes USPS Fix With Controversial Requirements
The US Senate on Wednesday passed a plan that would help pull the U.S. Postal Service from near collapse while saving thousand of jobs. The plan would[...]
Wal-Mart Paid $24 Million In Bribes For Permits In Mexico
According to a report published Saturday by the New York Times, Wal-Mart Stores Inc.’s largest foreign subsidiary, Wal-Mart de Mexico, informed [...]
Prepaid Cards Being Used Far More, Usage Up 18% While Debit Use Drops
When it comes to credit, prepaid cards foundered for a good while without catching on- but now prepaid cards are gaining a foothold among certain cons[...]
Best Buy CEO Quits As Company Plans Massive Restructuring
Best Buy on Tuesday announced that CEO Brian Dunn under a “mutual agreement” with the company has agreed to step down as pressures continu[...]
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