Jay Bosley

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Amazon shares surpass the $300 mark and could climb even higher

How high can Amazon’s stock stock go? The shares temporarily passed the $300 mark today for the first time, after e-commerce researcher ChannelAdvisor reported that Amazon’s June sales rose by more than 30%. Amazon’s business has been on a tear, but even those results were surprising given that …

If nothing else, Microsoft's keeping business consultants busy

2012: Early in the year, Microsoft reportedly cuts a couple of hundred jobs in a marketing restructuring. Microsoft says the steps will boost the "effectiveness and efficiency of our marketing" and better "clarify roles."<p>Ballmer announces a big shakeup in November 2012 at the top with Windows …

Path, Vine, Flipboard and Hipstamatic Are Coming to WP8

As Nokia lifted the lid on its new Lumia 1020, a 41-megapixel beast of a<p>camerasmartphone, a number of app-related news nuggets piggy-backed on this announcement in New York earlier today.<p>First up, Path – the private social network with a 150-friend limit – has revealed that due to uber-popular …

Microsoft Realigns To Focus On Hardware And Better Compete Against The Apples And Samsungs Of The World

Microsoft made its biggest move yet to shift its focus on integrated hardware and software: today CEO Steve Ballmer announced a round of management changes that will see all the department heads changed and some formerly well-staffed research groups gutted of top talent to further bolster OS, …

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 …

Ready For Hedge Fund Commercials? SEC To End Ad Ban

Imagine driving down the highway and seeing Bill Ackman, Carl Icahn or Steve Cohen on a billboard asking you for money for their next fund.<p>Okay. That’s unlikely because none of those guys are hard up for assets, and two of them manage their their own money anyway. But under a new rule passed today …

Credit Regulator's Lawsuit Against Barclays Dismissed

U.S. District Judge John Lungstrum in Kansas City, Kansas said the National Credit Union Administration waited too long by not filing its complaint until September 25, 2012.<p>He said the deadline was March 20, 2012, three years after the NCUA had been named conservator of the U.S. Central Federal …

Lenovo Is Once Again King of Shrinking PC Market

China’s Lenovo has, for the second time in recent memory, clobbered Hewlett-Packard for the title of world’s leading PC vendor, according to the …

Gold Is Surging, And One Analyst Says It's Now In The Sweet Spot

So the story of the day is this: Bernanke came out and sounded dovish this evening, for reasons which we've explained here.<p>Markets are rallying, interest rates are down, the dollar is falling, and gold is jumping nicely.<p>From Kitco:<p>Of course, gold has been getting massacred for the last couple of …

Murdoch agrees to testify before Parliament

News Corp chairman Rupert Murdoch has agreed to testify before the British Parliament on remarks he made about journalists bribing police officers, according to a statement from News Corp.<p>“Mr. Murdoch welcomes the opportunity to return to the Select Committee and answer their questions,” the …

Chinese To Spend Billions On American Real Estate

Wealthy Chinese with a few million yuan to burn will spend billions on U.S. real estate in the years ahead, according to a report released Wednesday by CB Richard Ellis, a large global real estate firm.<p>The United States is the country of choice for China buyers. Canada and Australia come in next at …