Nickelback. The name itself is musical shorthand for everything music aficionados love to hate about modern rock.
But with more than 50 million record sales worldwide and a lead singer who earns $10 million a year, the band is laughing all the way to the bank — as reporter Ben Paynter describes in Bloomberg Businessweek Magazine.
Originally published on Sat November 10, 2012 12:47 pm
Men look at mobile phones at the Adjame market in Abidjan, Ivory Coast. The market for mobile telephones in developing countries has grown quickly, and now Facebook and Google are trying to get users to use the Internet on their devices.
Credit Issouf Sanogo / AFP/Getty Images
The chances are slim that a person living in poverty in a developing nation has access to the Internet on a computer. It's expensive and, in some places, there's a lack of infrastructure to support it.
The chances are better, though, that that person owns a cellphone. It's probably not an iPhone or an Android, and he or she probably hasn't purchased a data plan for it, but it has the ability to access the Internet.
Google believes that this category of cellphone user is the future of its expansion.
Cabbie John Crowood's traditional London taxi was one among hordes as he began trundling through the city's streets with so many other benevolent black beetles more than 30 years ago.
Today, he's one of a dwindling band. Crowood says that the only company that makes the classic retro London cab had to recall 400 of its newest vehicles after a mechanical defect was found, leaving hundreds of his fellow cabbies unable to ply their trade.
Originally published on Fri November 9, 2012 7:16 pm
Former Lockheed Martin President and Chief Operating Officer Christopher E. Kubasik.
Credit PR NEWSWIRE via AP
Lockheed Martin announced that its board of directors asked for the resignation of Christopher E. Kubasik, 51, the current chief operating officer and incoming chief executive office.
"Kubasik, previously slated to become CEO in January, resigned after an ethics investigation confirmed that he had a close personal relationship with a subordinate employee," Lockeheed said in a statement. "His actions violated the company's Code of Ethics and Business Conduct, but did not affect the company's operational or financial performance."
Taylor Swift's new album, Red, sold more 1.2 million copies in its first week — the highest first-week sales total for an album in over a decade. She did it partly by answering a surprisingly complicated question: What's the best way to sell an album?
There are so many ways to release your music these days. You can sell it at Amazon, iTunes, Wal-Mart, and Starbucks. You can release it to streaming sites like Spotify. You can go on tour.
Speaker Boehner also said he wants to work with the president to keep them from going over the fiscal cliff - higher taxes and spending cuts that take effect at the end of the year. The Congressional Budget Office warns of a new recession if Congress doesn't make changes. NPR's Scott Horsley has our daily look at the bottom line.
The governor of New York, Andrew Cuomo, also held a press conference yesterday, and gave a warning that Sandy could end up costing his state $33 billion in economic damage, which could worsen the state's already-perilous fiscal situation.
NPR's Jim Zarroli reports.
JIM ZARROLI, BYLINE: Cuomo said the initial estimates are that the storm will cost the region $50 billion in lost economic activity and infrastructure damage. And he said two-thirds of that will be borne by New York.