Originally published on Thu September 27, 2012 5:08 am
By Steve Henn
The fallout from Apple's controversial decision to drop Google Maps from the iPhone 5 continues. Customers aren't giving Apple Maps any love, and analysts say Apple made an uncharacteristic blunder in dumping Google.
A small solar power company hopes to become a winner in a market littered with losers.
San Jose, Calif.-based SoloPower is opening a $60 million manufacturing facility in Portland, Ore., Thursday as it works toward receiving a major government loan — like the one given to now-bankrupt Solyndra. SoloPower thinks it has a strategy to succeed where Solyndra failed.
When the economic crisis erupted in Greece and the bottom fell out of the domestic wine market, the Kir-Yianni vineyard outside picturesque Naoussa decided to adapt. Like other wineries in Greece, it has increasingly tapped the export market, successfully marketing and selling wine in Europe, the United States and even China.
"If you ask me, this crisis has been good for us," says Stellios Boutaris, the son of the company's founder. "It's going to make us stronger."
In January, NPR and ProPublica reported on a potential conflict of interest at Freddie Mac, a mortgage giant sponsored by the federal government. The stories noted that even as Freddie Mac was writing rules making it harder for homeowners to refinance their mortgages, it also was stepping up investments in securities that gain when homeowners remain stuck in high-rate loans.
Originally published on Thu September 27, 2012 3:13 pm
In the fairy-tale world, a shiny red apple can lead to a poisonous end. But some see two genetically engineered green apple varieties, poised to become the first to gain U.S. Department of Agriculture approval,as similar harbingers of doom.
Facebook share price have lost almost half of its value since the social networking company had its initial public offering, or IPO, in the spring. Hundreds of millions of followers apparently will not guarantee you success in the stock market - at least not in the short-term.
Many lesser-known companies have also plunged into the stock market this year in the hopes of raising lots of capital, but their prices have not plunged - they're doing better than Facebook.
People aren't getting much work done in parts of Europe, treading water there. Greek workers called a nationwide strike for today, protesting austerity measures. Last night, there were violent protests in Spain. Demonstrators launched a new movement dubbed Occupy Congress, surrounding the Spanish Parliament with a human chain before clashing with police.