World’s First Commercial SpacePort Opens In New Mexico

World’s First Commercial SpacePort Opens In New Mexico

Sir Richard Branson, owner of the Virgin Group of companies, opened the world’s first commercial SpacePort at a dedication ceremony in southern New Mexico. Branson was joined by New Mexico…

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Billionaire Rajaratnam gets 11 years for insider trading

Billionaire Rajaratnam gets 11 years for insider trading

Fallen hedge fund billionaire Raj Rajaratnam, who was convicted by a jury of 14 counts of conspiracy and securities fraud last May, has received the longest-ever prison sentence for insider…

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BlackBerry Service Problems Spread to the US

BlackBerry Service Problems Spread to the US

Research in Motion Inc. confirmed that the problems with its BlackBerry network have now spread to the US and Canada. For the last three days up to 43 million BlackBerry…

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Occupy Wall Street protest Increases it`s Momentum Across the US

Occupy Wall Street protest Increases it`s Momentum Across the US

Thousands of Americans have gathered in downtown Manhattan over the last two-and-a-half weeks to protest the greed, corruption, and economic inequality in the American economic system. The Occupy Wall Street…

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Stock Trader Tells BBC News, “Banks Rule the World”

Stock Trader Tells BBC News, “Banks Rule the World”

Alessio Rastani, who calls himself an independent stock market trader, in an interview on the BBC News offered his opinion on the Greek bailout, in which the 17 nations of…

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Global Stock Markets Dive after Fed’s Negative Assessment

Global Stock Markets Dive after Fed’s Negative Assessment

Global Stocks tumbled and commodities took a beating as investors reacted to a grim economic outlook from the U.S. Federal Reserve.  The Fed’s statement that the U.S. economy faces “significant…

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U.S. Prosecutor Calls Online Poker Site a ‘Global Ponzi Scheme’

U.S. Prosecutor Calls Online Poker Site a ‘Global Ponzi Scheme’

Poker playing legends, Christopher Ferguson and Howard Lederer have been accused of bilking fellow players out of hundreds of millions (U.S.) through their company Full Tilt Poker, the second largest…

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IMF warns, Global Economy is entering a ‘new dangerous phase’

IMF warns, Global Economy is entering a ‘new dangerous phase’

“Global activity has weakened and become more uneven; confidence has fallen sharply recently; and downside risks are growing,” the International Monetary Fund said in its World Economic Outlook, published ahead…

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DuPont Wins $900Million Award in Kevlar Case

DuPont Wins $900Million Award in Kevlar Case

Chemical Giant DuPont Co. has been awarded  $920 million in damages by a U.S. federal jury who found, South Korean based, Kolon Industries Inc. guilty of stealing trade secrets about…

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Rogue Trader Arrested over $2 Billion Loss at Swiss Bank

Rogue Trader Arrested over $2 Billion Loss at Swiss Bank

A trader for the Swiss bank UBS has been arrested by police in the UK on suspicion of fraud in connection with an alleged rogue trading incident worth an estimated…

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Gov. Perry Calls Social Security ‘Ponzi Scheme’ in Republican Presidential Debate

Gov. Perry Calls Social Security ‘Ponzi Scheme’ in Republican Presidential Debate

Texas Governor Rick Perry, in his first appearance in a Republican presidential debate since joining the race last month, clashed repeatedly from the opening minutes with his main rival, Mitt…

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Oil Slicks Observed Near Deepwater Horizon Well Site

Oil Slicks Observed Near Deepwater Horizon Well Site

On Wings of Care (OWC), an ocean conservation and animal rescue organization, were conducting a series of flyovers near the infamous Deepwater Horizon /Macondo (MC252) Well site in the Gulf…

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Apple Inc. CEO Steve Jobs, Steps Down

Apple Inc. CEO Steve Jobs, Steps Down

Apple Inc. co-founder Steve Jobs has resigned as chief executive officer of the company, he will  stay on as Chairman of the Board. In a brief letter to Apple’s Board…

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Lloyd Blankfein  CEO of Goldman Sachs Hires Prominent Defense Attorney

Lloyd Blankfein CEO of Goldman Sachs Hires Prominent Defense Attorney

Lloyd Blankfein, chief executive of Goldman Sachs, has hired Reid Weingarten, a prominent Washington D.C., criminal defence lawyer as the U.S. Department of Justice investigations into Goldman and its role…

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Kung Fu Panda Verdict

Kung Fu Panda Verdict

DreamWorks Animation, the animation powerhouse, has come out on top in the lawsuit involving the hit movie Kung Fu Panda after a Los Angeles jury issued a verdict in its…

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Verdict in BankAtlantic Lawsuit Overturned

Verdict in BankAtlantic Lawsuit Overturned

More bad news is on its way for some as a verdict has been overturned in a security class action lawsuit. In a suit against BankAtlantic Bancorp, US District Judge…

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