Forrest Norwood

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The Single Best Stock for Beginning Investors

With over 5,000 publicly traded companies in the U.S., when you first start investing, the possibilities can seem overwhelming. To make the search for great investments a little easier for beginners, we asked three of our contributors what they think is the single best stock for beginning investors.<p>…

Amazon’s scorched-earth campaign: Why the Internet giant started a war

Can’t buy books by Colbert and Gladwell? Customers and publishers are livid. But it turns out Amazon doesn’t care<p>Here's what monopoly power means: If you're Amazon, you can ignore the public relations hits that come with blistering front-page stories in the New York Times and stinging opinion …

Don't buy the 'sharing economy' hype: Airbnb and Uber are facilitating rip-offs

The "sharing economy" – typified by companies like Airbnb or Uber, both of which now have market capitalizations in the billions – is the latest fashion craze among business writers. But in their exuberance over the next big thing, many boosters have overlooked the reality that this new business …

Amazon Will Have 10,000 Robots Filling Customer Orders By The End Of The Year

Amazon currently uses some 1,000 robots by Kiva Systems, a company it bought for $775 million in 2012, to fill its customers' orders. Now CNN reports that Amazon will have 10,000 robots doing the same by the end of this year.<p>CEO Jeff Bezos revealed the plan to double down on robotics during a …

Robotics
Real Estate
Real Estate

Tesla Stock Plummets After Report Of Model S Catching On Fire

DETROIT (Reuters) - Tesla Motors Co<p>shares fell 6 percent on Wednesday after an automotive blog published images of a Model S electric sedan in flames after an accident on Tuesday morning just south of Seattle, Washington.<p>The blog, called Jalopnik, posted pictures and a video of the Model S fire on …

BlackBerry hit by shareholder lawsuit claiming company misled investors

Class action lawsuit seeks to represent thousands of shareholders who purchased Blackberry stock in the past year<p>A class action lawsuit has been filed against BlackBerry by a shareholder, claiming the company misled investors about its future, including how the BlackBerry 10 smartphone line would …

Yahoo! Closes Tumblr Acquisition

It's a subject fitting for a series of micro-blog entries. <b>Yahoo!</b>announced it has finalized its acquisition of leading micro-blog destination Tumblr. …

Instagram video for brands: 'The 15-second format is killer'

Instagram users posted more than 5m videos in the first 24 hours after Facebook's photo-sharing app added 15-second clip capabilities.<p>At its peak on …

Snapchat's 20-Something Founders Each Pocketed $10 Million In Addition To The $60 Million They Just Raised

Snapchat, a popular photo sharing and messaging app, recently raised $60 million at a pre-money valuation for $800 million. With 200 million photos being shared daily, Snapchat is now more valuable than Instagram was when Facebook purchased it last year.<p>One significant detail left out of the SEC …

Venture Capital

Breakfast: The most important meal for food companies

General Mills reported its earnings today and things were looking strong. Sales at the cereal giant grew 7 percent and income was up 13 percent. It was clearly a good quarter for the maker of Cheerios and Kix, but there’s a something of a breakfast battle going on right now.<p>Why? First, it's a …

General Mills

Beijing is more important to Australia than its new prime minister

In the second about-face in almost three years, Australia’s Kevin Rudd took back the post of prime minister from Julia Gillard after winning leadership of his party in a snap election. The move was an attempt to shore up support for the ruling Labor party ahead of a national election this fall.<p>The …

Australia

Someday, you may use bitcoin without even knowing it

Bitcoin backers have big dreams—dreams of reinventing the financial system based around a currency not issued by governments and not subject to the whims of central banks. But the cryptocurrency’s volatility over the last few months has raised questions about whether most people would want to …

Bitcoin

Apple’s $1.1 billion worth of tax breaks it doesn’t expect to get away with

Apple was under scrutiny this week for allegedly dodging corporate income taxes on big chunks of its profits in recent years, much of it through controversial but perfectly legal maneuvers involving overseas subsidiaries.<p>But the company freely admits that it hopes to benefit from hundreds of …

Taxes

Kmart Is Betting Potty Humor And Profanity Will Save Its Business

After six years of declining sales and shutting 84 stores in 2012, Kmart is using a surprising and sophomoric strategy to try to win back customers: Potty humor and profanity.<p>Last month the chain launched an ad campaign in which character after character rejoices that with Kmart's free delivery …

Betting

Tesla’s loan payback deprives US of stock options worth $270 million

When Tesla Motors paid off its $451.8 million US government loan four years early, the Silicon Valley company gave a boost to the Obama administration’s much-maligned program to jumpstart the electric car industry. But the payback comes with a financial cost to the US: The government gave up …

Tesla

Goldman Sachs Is Now The Most Bullish Broker On Wall Street

Wall Street's top strategists have been scrambling to explain why the stock market has left their clients in the dust.<p>Just yesterday, Goldman Sach's David Kostin cranked up his year-end price target on the S&P 500 to 1,750.<p>That makes Goldman the most bullish research department on Wall …

Markets

Tesla pays off its $451 milllion federal loan

The repayment is sure to relieve pressure on the company and the Obama administration<p>Electric car maker Tesla Motors, in a move that is sure to buoy both the company and the Obama administration, announced Wednesday that it has paid off its entire federal loan.<p>It is paying off $451.8 million of the …

Whitman's Work Continues: Hewlett-Packard Rallies After Earnings Beat Outlook

Hewlett-Packard reported second-quarter earnings that beat the Street’s consensus estimate Wednesday, despite falling 11% from a year ago.<p>Earnings per share of 87 cents were above HP’s outlook for 80-82 cents and the 81 cents analysts anticipated. Net revenue of $27.6 billion was 10% below the …

Oman Project Is A Step Toward 'The Ikea Of Solar'

In the desert of southern Oman, near the border with Yemen, 4 acres of glass houses catch the sun. They sit in the Amal West oilfield, operated by Petroleum Development Oman. But these glasshouses aren’t growing tomatoes, or any other crop, rather they are making steam.<p>When it comes to developing …

Tesla May Repay Government Loan Tomorrow, 9 Years Ahead Of Schedule

Last week, Tesla announced it would take advantage of its soaring stock price to raise more money, which it would use to make the payment.<p>The $465 million loan was part of the DOE's Advanced Technology Vehicles Manufacturing (ATVM) program, created by the 2007 Energy Independence and Security Act …

Tesla

Senators accuse Apple of 'highly questionable' billion-dollar tax avoidance scheme

Apple uses a "highly questionable" web of offshore entities to avoid paying billions in US income taxes, a Senate committee alleged on Monday.<p>The …

Boeing 787 returns to active duty in the US with flight from Houston to Chicago

Boeing's 787 Dreamliner airplane has officially returned to the skies in the US following an embarrassing and costly battery problem that grounded the company's flagship plane for most of 2013. United Airlines flight 1 left Houston on time just after 11:00AM CT and is scheduled to land in Chicago …

Google's Plan To Take Over The World

Not because it lasted a grueling three hours and fifty minutes, but because of what was announced. With every new product update, every new feature, every new virtual service, it became more and more clear that Google isn't just a search company that makes loads of cash by showing you ads. It's …

Google Glass

7 Tips From Entrepreneurs On How To Have A Fearless Career

But fears at work can be particularly debilitating. <i>What if I fail? What if I'm not good enough? What if the ground opens up and swallows my cubicle whole?</i><p>Letting fear get the best of you at your job can keep you from getting the recognition that you deserve—whether it hinders you from nabbing a …

Entrepreneurship

Bitcoin’s creator is Japanese mathematician Shinichi Mochizuki, says hypertext inventor

Ted Nelson, the American academic who in 1963 coined the term hypertext, and is therefore viewed as one of the World Wide Web’s founding fathers, just released a 12-minute video with a big reveal at the end: The inventor of bitcoin, says Nelson, is probably Japanese mathematician Shinichi Mochizuki.<p>…

Bitcoin