Oct 24
BOSTON, Oct 29 () – A rare October snowstorm bore down on the heavily populated U.S. Northeast on Saturday, knocking out electricity, delaying flights and threatening some areas with up to a foot (30 cm) of snow.
Snow was coming down from central Pennsylvania to southeastern New York and Connecticut after hitting parts of Virginia, West Virginia and Maryland earlier in the day.
More than 63,000 customers had no power in Pennsylvania, Maryland and West Virginia, the utility Allegheny Power said. Penelec, another utility, said at least 30,000 customers were without power in Pennsylvania and New Jersey.
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Oct 15
Groupon co-founders Eric Lefkofsky and Brad Keywell have invested in online educational site (with one complicate name) Udemy through their venture capital fund Lightbank. Udemy just announced a $3 million Series A round of financing led by Lightbank that also includes funding from MHS Capital and 500 Startups.
Udemy plans to use the money for hiring and marketing and biz development.
Udemy the academy of you offers 6,000 courses covering all sorts of hobby-related subjects like social marketing, how to build a iPhone app, and Art 100 in addition to more traditional topics like intro to psychology.
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Oct 13
San Francisco Restaurants Want to Make 25% the Standard Tip.
Wow!
I’m sorry but that seems excessive to me. Not only that, the very nature of a tip is to reward for service. Although I understand why restaurants do it (because some lowlifes NEVER tip appropriately), I hate the automatic gratuity that some restaurants add to my bill. It’s insulting to me personally because I’m a generous tipper and if the server goes above and beyond I leave and even bigger tip. I know…I’m not everyone. That said, I still think 25% is excessive. The price
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Oct 10
Billionaire Carl Icahn disclosed a 9.8 percent stake in Navistar International Corp., an Illinois-based truck maker. Icahn is now the second-biggest holder of shares. Icahn, who buys shares in companies he considers to be underperforming and pushes for change, has held talks with management about adding people to its board. Third-quarter profit was $61 million, or 79 cents per share, down from $107 million, or $1.44 a share, a year earlier.
Sep 27
NEW YORK (Reuters) – A Manhattan federal judge on Tuesday narrowed a 1 billion lawsuit against owners of the New York Mets baseball team by the trustee seeking money for victims of Bernard Madoffs epic fraud.
U.S. District Judge Jed Rakoff said the trustee, Irving Picard, can still pursue 300 million of “fictitious profits” and 700 million of principal from the Mets owners.
But he said the latter sum could be recovered only by showing that the owners “willfully blinded themselves” to Madoffs fraud.
Rakoff also dismissed nine of 11 counts raised in what he facetiously referred to as Picards “short and plain” 373-page complaint against the Mets owners, including Fred Wilpon, Saul Katz and others at Sterling Equities.
One of the surviving claims alleges actual fraud. T
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Sep 26
Along with the recent passage of U.S. legislation supporting health coverage for most Americans, public interest in getting affordable health coverage has increased considerably.
This is especially true among those individuals who were formerly uninsured against the costs associated with many health issues for which increasingly expensive conventional medical treatment is often recommended.
Some people looking for affordable health coverage turn to obtaining very low cost health insurance plans that can cost as little as $10 per week.
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