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DISH Satellite Network to compete with Netflix
SAN FRANCISCO — US satellite television provider DISH Network has teamed with Blockbuster to stream films in a challenge to online video rental giant Netflix. DISH on Friday said it will charge monthly subscriptions of $10 for a “Blockbuster Movie Pass” that lets people stream films or television shows as…
Bill Gates: Tax financial transactions to help poor nations
By Lesley Wroughton WASHINGTON (Reuters) – A report by Microsoft founder Bill Gates to Group of 20 ministers on Friday proposes raising new funding for poorer countries by taxing financial transactions, tobacco, and shipping and aviation fuels, according to details of a G20 report obtained by Reuters. The Gates Foundation…
European stocks struggle to recover from slump
European equities edged higher on Friday as the G20 attempted to calm markets after the recent rout, but sentiment was plagued by global economic woes and the eurozone debt crisis centred on Greece. Asian indices fell for a second straight day on Friday, after more losses on Wall Street, on…
HP names Meg Whitman as CEO
NEW YORK — Hewlett-Packard said Thursday it had named Meg Whitman, the former eBay chief, as president and chief executive officer, replacing Leo Apotheker at the world’s biggest computer maker. “We are fortunate to have someone of Meg Whitman’s caliber and experience step up to lead HP,” said Ray Lane,…
U.S. markets extend losses, Dow down 4%
NEW YORK — US stocks extended a brutal sell-off Thursday, plunging more than four percent in the final hours of trade, fueled by the Federal Reserve’s stark warning about the health of the US economy. The Dow Jones Industrial Average was down 478.47 points (4.30 percent) to 10,646.37 at 1800…
‘Job-killing regulations’ actually just shift jobs within the economy
It’s become a mantra on Capitol Hill and a rallying cry for industry groups: Get rid of the job-killing regulations. In recent days, with nearly every one of the GOP presidential candidates repeating that refrain, the political echo chamber has grown even louder. Earlier this month, President Obama also asked…
Facebook changes spark online complaints
SAN FRANCISCO — Facebook users on Wednesday took to complaining about changes intended to make it easier to manage the torrents of updates from friends at the world’s largest social network. People vented ire in an array of online venues including a “Petition against the new Facebook homepage” at the…
Fed ramps up aid to economy with $400 billion stimulus
WASHINGTON (Reuters) – The Federal Reserve on Wednesday dialed up its aid to the beleaguered U.S. economy, launching an effort to put more downward pressure on long-term interest rates over time and help the battered housing sector. The Fed said it would launch a new $400 billion program that will tilt its $2.85…
Apple ‘to unveil iPhone 5 on October 4′
Apple plans to unveil its next generation iPhone next month, technology blog AllThingsD said Wednesday. AllThingsD cautioned that Apple could “change its plans anytime,” but said the present plan calls for Apple’s new chief executive Tim Cook to preside over the launch of the iPhone 5 on October 4. Cook,…
Court allows ACLU to challenge government wiretapping
The American Civil Liberties Union was allowed Wednesday to move forward with their case against government wiretapping. The U.S. Court of Appeals for the Second Circuit ruled that the court would not have to reconsider a case the ACLU brought against the government challenging the FISA Amendments Act (FAA), which…
Brand new on Raw Story
- Ted Nugent’s brother: Gun control ‘will get done’ without the NRA
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- Beatles guitar sells for $408,000 at auction
- Four women drivers qualify for next Indianapolis 500
- Woodward disappoints Republicans: Benghazi ‘is not Watergate’
- Watch: Dozens of massive tornadoes rip through midwestern states
- 18-year-old’s breakthrough invention can recharge phones in seconds
- AP chief to Obama: Spying on reporters is ‘an unconstitutional act’
- Leading climate scientist: Canada’s tar sands makes climate change ‘unsolvable’
- Yahoo prepares to buy Tumblr for up to $1.1 billion
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