Samuel A. Maldonado

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Older homeowners accused of muscling in on first-time buyers

Baby-boomers, already accused of enjoying free university education and final salary pensions denied to younger generations, are now in the dock for …

Instagram Is Being Used To Sell Stuff In Kuwait

Instead of being just a photo sharing service, it's also being used a storefront with people posting pictures of things they're selling.<p>Jason Kottke highlighted this excerpt from an interview with artist Fatima Al Qadiri, who grew up in Kuwait:<p>BR: Kuwait is a crazy mix: a super-affluent country, …

Microsoft Has An Identity Crisis

I was there a few weeks ago. The day before I visited the offices, a local described it as its own town more than an office complex. He was right.<p>There's over 120 buildings on its main campus and the adjoining area. It has its own transportation system. There's a full-blown shopping mall on the …

Apple Is Reportedly On A 'Hiring Spree' For New Engineers To Make Sure The iWatch Is Ready Next Year

The news comes from Financial Times reporter Tim Bradshaw, who spoke to several sources familiar with Apple's plans for the iWatch.<p>Here's what Bradshaw's sources are telling him about the iWatch's development:<p>The company has begun hiring "aggressively" for the project in recent weeks, say people …

Amazon plans major move into grocery business

Business News<p>Amazon.com Inc is planning a major roll-out of an online grocery business that it has been quietly developing for years, targeting one of the largest retail sectors yet to be upended by e-commerce, according to two people familiar with the situation.<p>While food is a low-margin business, …

Businesses slow job creation, raising specter of summer slowdown

Business News<p>Private-sector job creation was weaker than expected in May, as the economy struggled to break free of what appears to be a summer slowdown on the horizon.<p>ADP and Moody's Analytics reported just 135,000 new positions for the month, below expectations of 165,000.<p>Services were …

Stock Markets

Zynga is feeling lucky with its online gambling bet

Online gaming company Zynga today unveiled its online gambling apps for Facebook that use real money, a major part of the company’s revamp to expand beyond social games. The online gambling apps will be launched in the United Kingdom, where online gambling is legal. Zynga investors cheered the …

Why China’s slowdown could be really great for America

China is slowing down—that much is clear. (Especially after this morning’s dismal trade report.)<p>What isn’t, though, is what that means for everyone else. For those pondering America’s fortunes, China’s $1.26 trillion in holdings of Treasurys are a source of particular unease, for reasons …

Softbank's $21.6 billion acquisition of Sprint is complete

Finally, the saga is over. All but a formality once the FCC approved, Softbank has merged with Sprint, and will own about 78 percent of shares in the new Sprint Corporation, while current Sprint equity holders will own about 22 percent. Initially announced last fall, things were suddenly …

Increased gas prices? Don't blame unrest in Egypt

Business News<p>You may soon find yourself paying a dime more for a gallon of gas, which you may blame on unrest in Egypt.<p>You’d be only partly right. Another culprit, believe it or not, is how successful the energy business has been recently in the U.S.<p>Inventories of domestic crude oil have plunged in …

The Iconic Picks Up A $26M Round To Build Out Online Fashion In Australia, As Rocket Internet’s Global March Continues

Rocket Internet, the incubator run by Berlin’s Samwer brothers, has picked up hundreds of millions of dollars ($837 million, in fact) in funding this year for its e-commerce startups, with much of that focused on emerging markets, but today comes news of another significant investment for a …

Global mobile advertising topped $8.9B & jumped 83% in 2012, thanks to a global smartphone boom

Wow, never thought those accidental clicks on ads on your smartphones are going to turn into a mega-billion dollars business! Jokes aside, the shift …

Original Apple Computer Sells For Nearly $388,000

Christie’s has just sold one of the original Apple computers, put together in the garage of Steve Jobs‘ parents, for $387,000 during an online auction of vintage tech products. The Apple-1, one of the first 25 Apple-1 computers, was designed and hand built by Steve Wozniak in 1976. It’s thought …

Hulu’s Final Bidders: DirecTV, AT&T + Chernin, Time Warner Cable

One down, two and a half to go.<p>The ongoing Hulu sale saga, which has stretched on for a couple years, looks like it is finally winding down: The Web …

Hoover parent snaps up Oreck at auction

The founding family behind Oreck Corp. loses its bid to buy the company out of bankruptcy protection.<p>NASHVILLE -- The founding family of the Nashville-based Oreck vacuum cleaner company on Monday lost its bid to buy the company out of bankruptcy, with Oreck now poised for takeover by Royal …

China’s dismal monthly export data suggest that Q2 GDP is going to be really grim

The world is anxiously waiting for China’s Q2 GDP, which it announces July 15. That’s why export data that China’s customs authority just released are particularly important. Because net exports have become an increasingly heavy drag on China’s GDP growth, June’s data offer a preview of what to …

Why smartwatches are the real future of mobile payments

<i>Skooks Pong is SVP of technology at Synapse.</i><p>It’s no secret that while smartphone adoption in the U.S. continues to rise – now accounting for 57 percent of the mobile market according to comScore – rollout of in-store mobile payments has been slow and fragmented. Some experts attribute it to …

Enterprises' Security Practices Not Keeping Pace With Cloud Growth, Studies Find

Two separate studies published this past week by Ponemon Institute reveal the holes in many organizations’ cloud security strategies, and even diminished security as cloud grows as a frenetic clip.<p>For starters, a study of 4,205 business and IT managers conducted by the Ponemon Institute and …

New York City's Startup Scene Is Rapidly Becoming The Hub For Innovation And Investment

What do a major social network, happening news website, and a rising database company have in common? They are all 'Made in New York.'<p>Just a couple of days ago, Techcrunch announced that famous incubator AngelPad was opening up a large office in New York City. The incubator, which was previously …