Archive for November, 2009
Online retailer, eBay, slammed in French court with a huge fine
A French court has tossed a fine of near $2.6 million toward eBay for, basically, negligence. The case was brought on by French super power LVMH (Loius Vuitton Moet Hennesy) in which LVMH accused eBay for violating an injunction barring French residents from buying or selling of certain lines of perfumes and cosmetics. eBay will appeal [...]
Black Friday weekend posts record numbers
The retail numbers from Black Friday weekend have come in and were surprisingly good. At a time where everybody seems to be penny pinching, shoppers still managed to get out to the stores and spend a little dough taking advantage of the super discounted items that Black Friday generally brings. In fact, this year shoppers [...]
23 percent of American homeowners are “under water”
A report conducted by First American Core Logic has just been released that estimates 23 percent, or 10.7 million, United States residential mortgages are “upside down”. In other words, 23 percent of homeowners owe more on the house than it is worth. Nevada has the highest percentage of negative equity mortgages (65 percent) followed by [...]
Godfather of Spam sentenced to over four years in prison
Alan Ralsky, a man dubbed by the feds as the “Godfather of Spam” has been sentenced to 51 years in prison. His convictions included violation of the CAN-SPAM act as well as conspiracy and engagement of mail fraud, wire fraud, and money laundering. Three other men were sentenced in the case as well.
The so-called “Godfather [...]
Unemployment back on the rise
According to a government report released Friday, thirteen states reported unemployment rates above the national average of 10.2% in October and a growing number reported rising jobless rates. In total, jobless rates rose in 29 states. On the contrary, stunningly, unemployment rates dropped in 13 states.
States among the highest rates included Michigan at 15%, Nevada [...]
The tragic case of Terry Watanabe
Below is an incredible story about a smart, savvy businessman who refuses to live up to his shortcomings and thereby mistakes. I would like it be known, prior to commencement, that this is a very unfortunate and touchy issue as Mr. Terry Watanabe obviously has a problem with addiction for which counseling should be necessary. However, [...]
Skype finally sold by eBay — Online seller gets $1.9 billion
In a deal that was not long ago presumed to be heading to the paper shredder, eBay has announced that they have succesfully completed their previously announced sale of Skype communications. I personally am happy to see this happen. It seems as though before eBay swooped them up in 2005, Skype was leading the pack when [...]
