One night in June 2010, six men went to a woman’s home in Maine and tapped on the glass of her windows as they had been instructed to do on Facebook. They were hoping to have sex with the woman inside the house after having seen racy photos that she’d posted to her Facebook profile page, and having been invited over. Inside the house, the woman [...]
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Kashmir Hill, Forbes Staff
The techno-elite of Silicon Valley have been giving high praise to Marissa Mayer‘s appointment as CEO of Yahoo! (YHOO) this week.
Marc Andreessen: “It’s great for the Valley…. I’m super happy for her…. I didn’t think they could get someone like her.”
Fred Wilson: “Yahoo! is no longer dead to me.”
Mike Arrington: “This is [...]
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Eric Jackson, Contributor
Many Americans think of LeBron James and Michael Phelps in connection with the United States’ efforts to capture gold at the 2012 Summer Olympics. LeBron James is listed as Forbes’ fourth highest-paid athlete, with total earnings of $53 million ($13 million from his salary and $40 million [...]
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Darren Heitner, Contributor
Bank Of America gave investors something they’re not used to lately: a big quarterly profit.
The nation’s second largest bank said it earned $2.46 billion. That compares with a record loss of $8.83 billion last year when the bank took $20.7 billion in mortgage-related charges . In the first quarter BofA posted a [...]
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Halah Touryalai, Forbes Staff
After 18 months of having its funding nearly completely cut off by a payment industry blockade, WikiLeaks says it’s finally found a new workaround that allows it to receive credit card donations. And after one recent legal victory against Visa in Iceland, WikiLeaks founder Julian Assange is literally daring the card companies to shut down [...]
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Andy Greenberg, Forbes Staff
Bank of America swung to a profit in the second quarter, as the bank cut expenses and issued more mortgages.
Net income was $1.7 billion, 16 cents a share. This exceeded analysts estimates of 14 cents a share.
Total revenue, though, was lighter than expected. Bank of America, the nation’s second largest bank, booked $22.2 billion [...]
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Abram Brown, Forbes Staff
That’s it. I’m calling it. We have hit Peak Zombie.
This discovery follows hot on the heels of the discovery by the sharp-eyed MCV UK that Paramount Pictures has filed for two World War Z trademarks, one for “entertainment services, namely, providing online electronic games” and the other for “ downloadable electronic game [...]
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Daniel Nye Griffiths, Contributor
Comex gold futures prices are trading moderately lower in early U.S. dealings Wednesday. Traders and investors are exhibiting a general “risk-off” mentality so far Wednesday, in the wake of a downbeat assessment of the U.S. and world economies by Federal Reserve Chairman Ben Bernanke on Tuesday. August gold last traded down $10.50 at $1,579.00 [...]
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Kitco News, Contributor
After months of slowly falling housing prices, real estate in China is on the rise again.
The number of Chinese cities seeing a month-on-month increase in home prices rose to the highest level in 11 months in June, according to data released by the National Bureau of Statistics on Wednesday.
Excluding government-subsidized [...]
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Kenneth Rapoza, Contributor
Lei Jun has much in common with the late Apple icon he reveres. As my colleague Simon Montlake points out in our Forbes Magazine story, Lei, just like a young Steve Jobs, is the head of growing technology company, Xiaomi. Lei also favors the simple stylings of Jobs, preferring the black shirt and jeans combo that was once [...]
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Ryan Mac, Forbes Staff
Fromer Treasury Secretary Henry Paulson is a believer: no hard landing in China.
“There’s no doubt that the economy has slowed down significantly, and in a number of areas, really slowed down,” Paulson said in an address at the Atlantic Council, a think tank in Washington. ”My own best judgment is that we’re not going to see a hard [...]
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Kenneth Rapoza, Contributor
We’ve been at it for two years — putting our authoritative journalism at the center of a social media experience. I’ve chronicled our journey, with all its rewards and challenges, in the spirit of a single word that guides each of us at FORBES. That word is transparency. It’s the foundation of our unique content model that makes it possible for [...]
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Lewis DVorkin, Forbes Staff
Further monetary easing is certainly available in the U.S., Fed Chairman Ben Bernanke said yesterday, but the market is a lot less likely to expect it.
“We see little new in yesterday’s testimony and think the bar for further easing is fairly low,” Barclays Capital analysts led by Sreekala Kochugovindan in London, said in a [...]
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Kenneth Rapoza, Contributor
There has been much scrutiny over Facebook (FB) since its mid-May initial public offering (IPO), particularly with the shares down 26% since that offering. As expected and as a group, sell-side analysts at the IPO underwriters — Citi Investment Research (C), Wells Fargo (WFC), Morgan Stanley (MS), BofA Merrill Lynch (BAC), JPMorgan Chase (JPM), [...]
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Christopher Versace, Contributor
Scientists keep finding new ways to play with cells and make them alter their behavior, even their identity. First came the remarkable work of Shinya Yamanaka at Kyoto University, who showed it was possible, by activating just four genes, to take a mature cell (he used a bit of skin but other cells would work) and turn it [...]
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Rob Waters, Contributor
Hernan Lopez doesn’t look like a guy who produces telenovelas, the soap operas that dominate the airwaves throughout Latin America. He looks like a guy who stars in them. With his wavy black hair, firm jawline and velvety Argentinean accent, it’s easy to picture him galloping home on a white horse to rescue his childhood sweetheart from losing [...]
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Jeff Bercovici, Forbes Staff
FORBES cover girl Sofia Vergara is on top of the world. The Colombian actress just turned 40 and celebrated with a lavish week-long getaway in Mexico where it’s rumored she became engaged to longtime beau Nick Loeb.
Professionally speaking, her ABC hit, Modern Family, is averaging 12 million viewers in its third season, a slew [...]
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Meghan Casserly, Forbes Staff
The 20 top-earning television actresses of 2012.
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Meghan Casserly, Forbes Staff
Recently it has appeared that Twitter has cracked the code on mobile advertising better than its larger rivals, Facebook and Google. Facebook‘s IPO in May suffered partly because of investor uncertainty over its lack of mobile ad revenues, and Google‘s last couple of quarters raised questions about lower prices on its mobile ads. Some folks [...]
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Robert Hof, Contributor
In the media race for the White House this year, there are two conversations going on — and one of them you can hear only in Spanish. That was never clearer than the evening of June 25, when the Supreme Court left intact the most controversial part of Arizona’s controversial immigration law SB1070.
On NBC’s Nightly News 7.5 million [...]
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Jeff Bercovici, Forbes Staff