Danielle Hope

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Tobacco Products Have Some Pretty Fat Profit Margins

Ever wonder how cigarette companies can still be in business despite all those seemingly crippling excise taxes and legal settlements?<p>A chart from Morgan Stanley helps explain.<p>It shows which packaged consumer goods enjoy the highest operating margins — or the ratio of operating income to overall …

Profit

Salesforce tops Forbes innovation list again

Bay Area companies topped Forbes' list of the World's Most Innovative companies, taking three of the top 10 spots and six spots overall on the list of 100 companies, released by the business magazine Wednesday.<p>Salesforce.com, the San Francisco cloud computing company in sales software, was named …

Market Capitalization

Artist pranks LA Best Buy stores with 'useless' gadget

Consumers visiting five select Los Angeles-area Best Buy stores last Friday encountered a "useless" gadget unlike any other.<p>Intending to inspire people to think twice about having the latest and greatest piece of tech, street artist Plastic Jesus secretly placed empty black plastic boxes, complete …

Lenovo posts Q1 earnings, reveals that its mobile sales have overtaken PCs

Don't look now, but Lenovo just became an industry bellwether. While reporting strong first quarter results that include a record $8.8 billion in revenue and $170 million in profit, the tech giant revealed that its combined smartphone and tablet sales have overtaken those of its PCs. Yes, you read …

Microsoft's 'touch screen' for any surface goes on sale

Turning a wall into a touch-screen computer has many uses -- it could help teachers instruct classes or be used by shops to display product information. It could even be used for fun to play interactive active games.<p>Once just a prototype created by the startup Ubi with a Microsoft Kinect for …

Online searches hit 19.4 billion in the U.S. in July

More people are turning to the Internet more frequently to find out information.<p>According to new data released Wednesday by digital analytics company ComScore, people in the U.S. conducted 19.4 billion explicit core searches in the month of July. That's up from 19.2 billion in June and 16.3 billion …

Aereo CEO: Service will turn a profit before turning in 1M subscribers

NEW YORK -- Aereo Chief Executive Chet Kanojia is keeping the lid tight on how many people have joined his service to stream local TV broadcasts over the Internet, but he doesn't need millions of them to turn a profit.<p>Kanojia said that Aereo would have a fabulous business at 1 million registered …

SpaceX's Grasshopper test rocket flies sideways successfully

SpaceX's Grasshopper rocket demonstrates in a new video how future launch vehicles may well lift off, do their job and then maneuver themselves for a precision landing.<p>During Tuesday's test, the modified Falcon 9 test rig blasted off from its Texas launch pad and rose to a height of 250 meters (820 …

Valve’s Former Steam Guru Jason Holtman Lands At Microsoft To Spearhead Its PC Gaming Efforts

Microsoft confirmed today that it has hired Jason Holtman to help lead its PC gaming efforts. Holtman left Valve in February for unknown reasons. As Neowin reported, he was known in that role for his work on Steam, the exceedingly popular PC game sale and delivery platform.<p>Microsoft has a similar …

In Egypt, mosques turn into hospitals; death toll climbs to 281

CAIRO -- Mosques turned into makeshift hospitals Wednesday as<p>protestersinjured in a deadly crackdown in Cairo were brought in, blood staining the prayer carpets.<p>Dr. Abeer Ali, a surgeon, moved through the crowds gathered at one small mosque, treating bullet wounds as bursts of gunfire could be …

Associated Press News

Egypt's president says diplomacy by U.S., others fails to end crisis

CAIRO -- Egypt's acting president announced Wednesday that diplomatic efforts to resolve the nation's political crisis have failed, raising the prospect of renewed violence and a crackdown on thousands of Islamist protesters supporting deposed president Mohamed Morsi.<p>The statement by President Adly …

Cheap credit has inflated the markets, and we could be in for a crash landing

During the past four centuries, there have been five occasions when major credit bubbles have led to stonking crashes. Tulip mania in 17th-century …

Frenetic Urban Time-lapse Videos of Shanghai, Vietnam and Kuala Lumpur by Rob Whitworth | Colossal

<p>It is almost impossible these days to click around the web without running into the work of filmmaker and architectural photographer Rob Whitworth …

50 Drives You Must Take In Your Lifetime

Ranging from the mountains of Montana and Wyoming to a breathtaking salt flat in Bolivia, the drives aren't to miss.

Hiking

Andorra to introduce income tax for first time

<b>Andorra is to introduce a tax on personal income for the first time as it faces pressure from the its European neighbours to tackle tax evasion.</b><p>Antoni Marti, the head of the Andorran government, told French President Francois Hollande that he will introduce a bill before 30 June.<p>The principality …

Income Tax