Latest Business News

Facebook IPO Won’t Be Available To Everyone
If you’re waiting on the Facebook IPO, there are a few things you must know before you jump in, and one thing is that not all investors will be able to grab Facebook shares the day of its initial public [...]

Richard M. Schulze, Best Buy Founder, Agrees To Step Down
Best Buy Founder Richard M. Schulze will step down as company chairman at the end of June following an investigation involving inappropriate behavior of the company’s former CEO Brian Dunn. The company’s board had an audit committee, which was an [...]

Scott Thompson, Former Yahoo CEO, Has Cancer
Yahoo is full of announcements this morning because first it was reported that Scott Thompson was fired as the company’s CEO, but now there are reports that he was diagnosed with thyroid cancer. Our apologies to Scott’s family if the [...]

Yahoo CEO Fired Over Resume Clerical Error
After joining Yahoo last January, CEO Scott Thompson has faced an uphill battle that would lead to four months of tenure over his college degree scandal, which would eventually lead to him getting fired by the company. It’s as if [...]

Oprah To Cut OWN Losses In Dramatic Changes
It appears that Oprah Winfrey was better off having her syndicated talk show before running her OWN Network after reports that she has lost $330 million on the project so far, and that means dramatic changes could be forthcoming. Industry [...]