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Facebook revenue estimated at $4.27 billion
WASHINGTON — Facebook’s global revenue is expected to double this year to $4.27 billion, research firm eMarketer said Tuesday. The Palo Alto, California-based social network is expected to earn $3.8 billion worldwide this year in advertising revenue, eMarketer said, up 104 percent from the $1.86 billion it raked in last…
Google opening smartphone wallets
Google has opened its smartphone wallet to the public. Shops taking part in the program began letting people pay for purchases with taps of Nexus S 4G smartphones from US telecom carrier Sprint. “With Google Wallet, you can tap, pay and save using your phone and near field communication (NFC),”…
Google under scrutiny over search dominance
Google’s executive chairman Eric Schmidt will take center stage at a Senate hearing Wednesday into whether the Internet giant is abusing its dominant position in online search. The Mountain View, California-based Google has drawn increasing scrutiny from US and European regulators as it has grown over the years from a…
Samsung seeks sales ban on iPhone 5
South Korea’s Samsung Electronics will file lawsuits to try to block the sale of Apple’s iPhone 5 as part of its global legal tussle with the US technology giant, a report said Tuesday. The two firms are at loggerheads in a series of patent lawsuits over the technology and design…
Whistleblowers: Drug cartels throw fundraisers for U.S. officials
Two former law enforcement officials who worked with the Federal Bureau of Investigation (FBI) as confidential informants on probes into police corruption have come forward with allegations of drug cartel ties to top cops, judges and elected officials. Greg Gonzales, a retired sheriff’s deputy, and Wesley Dutton, a former New…
News International to pay $4.7 million to settle hacking case
(Reuters) – News International is expected to pay about three million pounds($4.7 million) to settle hacking claims by the family of murder victim Milly Dowler against the now defunct News of the World newspaper, sources close to the case told Reuters on Monday. The settlement is likely to involve close…
WikiLeaks auctions memorabilia to raise funds
Fancy a signed version of a WikiLeaks diplomatic cable, or a sachet of coffee smuggled out of jail by Julian Assange? Then the cash-strapped whistleblowing website has the auction for you. With its coffers empty because of the blocking of credit card payments by major operators including Visa and MasterCard,…
Moody’s stays negative on states, local governments
(Reuters) – Even though the recession officially ended more than two years ago, the still-weak U.S. economy and a pullback in federal support means the outlook for states and local governments remains negative, Moody’s Investors Service said on Monday. The two sectors of the $3.7 trillion U.S. municipal bond market…
Fed debates approach as inflation fears grow
A fight looms Tuesday in the US Federal Reserve as policy makers wrestle over whether the threat of inflation should prevent them from feeding more money into the economy to boost jobs. While one camp on the Federal Open Market Committee is believed to favor a hopefully stimulative economic measure…
LIVE Video: Global Protests of Wall Street
Occupy Wall Street has led a global protest in 74 cities, including New York City, on Wall Street. WATCH LIVE: Watch live streaming video from globalrevolution at livestream.com…
Brand new on Raw Story
- 20 children among 91 dead in Moore, Oklahoma tornado
- Jon Stewart: ‘Yes, we motherf*cking can’ fix Veterans Affairs backlog
- North Korea releases Chinese fishermen after briefly holding them hostage
- Google faces new pressure in UK over tax claims
- Secular Coalition: Daily Caller editor sent ‘Here’s a Dick pic’ email to spokeswoman
- Dozens dead after devastating tornado rips through Oklahoma City
- Sudden infant death risk greater when parents share bed with babies
- Like bats and dolphins, blind humans can use echolocation to find objects
- Secret Service probes right-wing radio host for threatening Hillary Clinton
- Apple allegedly uses havens to avoid paying billions in U.S. taxes
Commentary
An open letter to the Center for Inquiry
By Amanda Marcotte
Stop whining about Millennials
By Pando Daily
Six ways the GOP could screw up the Obama administration’s scandals
By Ana Marie Cox, The Guardian
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