The popular social networking Web site FaceBook is in a bit of a predicament. The assets of FaceBook have been frozen amid an ownership dispute arising from a developer that claims he was to be paid $1,000 plus a figure that is now 84% of the site's profits for his work on the popular site.
Of course, the developer received the $1,000 - it's the 84% of the site's profits that is in dispute. The work was done presumably in 2003, and the current owner of FaceBook believes that the lawsuit will be thrown out because it is outside the ...
By Larry Baumgardner on Wednesday, July 14th, 2010
The unemployment extension that is desired by the millions of unemployed Americans could be voted on (again) on July 20th. Many are looking to this day as a day where they can once again focus on their job hunt and not worry about how they are going to pay the mortgage and all their other bills.
White House Press Secretary Robert Gibbs estimates that the passage of HR 4213 will be a "rubber stamp" passage. However, if things were that simple the bill would have already passed.
The Senate was supposed to pass the extension before the Memorial Day holiday, but they ...
One thing that hit Wall Street hard was the Enron scandal. I'll never forget walking down by Wall Street and watching as shell shocked people walked around after one of the biggest fraud schemes ever to be perpetrated was uncovered. One of the days where many investors thought that justice was served was when CEO Jeff Skilling was convicted of Fraud.
The US Supreme Court has now overturned the 5th Circuit court ruling, sending the case back to a lower court for review. The conviction was received under the "honest services" rule, which means basically that Skilling defrauded others of their ...
Tesla Motors is the first IPO of a car company to hit the market since Ford back in 1956. In an economy where the auto industry is flailing at best, Tesla Motors has their work cut out for them. The company, which was owned by the founder of PayPal, hasn't been profitable at all and it's said that the owner lost his entire personal fortune on this investment.
Tesla makes luxury electric cars. Currently, their models cost between $50,000 and $100,000. This isn't exactly the price point that many Americans can afford, as the economy isn't in the right shape for ...
The Dow Jones Industrial Average fell an astounding 268 after fears that the global economic recovery may be slow coming. The news comes mere days after the G20 concluded. The premise behind the summit was to ensure that the global economic recovery was as quick and swift as possible.
The Dow fell over 300 points, but shaved its losses down during the last 15 minutes of trading. Investors are increasingly fickle and economic data expected out later this week could bring the market down even further.
The Jobs report that is due out will have a lot of effect on the stock ...
