Tom Long

79 Flips | 3 Magazines | 2 Likes | 1 Follower | @tomlong1 | The news should inform you, not entertain you.

Netflix-Verizon feud flares up again

Netflix and Verizon are at it again.<p>Netflix has begun displaying messages for users whose videos are slow to load that blame Verizon (VZ) and other Internet service providers for the problem. It's the latest development in the streaming service's battle with the country's largest ISPs.<p>Verizon …

How One Chinese City Is Using Cloud Computing To Modernize A Busy Port

The ancient city of Ningbo, home to one of the busiest ports in the world, needed to update its antiquated and inefficient logistical systems. Working with IBM, the city is developing a Smart Logistics Center to streamline the port’s entire supply chain and allow the 5,000 logistics companies in …

U.S. on the verge of recovering all the jobs that were lost during the recession - Capitol Report - MarketWatch

When the Labor Department releases the data on jobs created in May, the figures are expected to show that, for the first time, the total number of …

Fortune 500 companies store billions in offshore tax havens, says report

The majority of Fortune 500 companies stash their cash away from the reach of United States authorities in tax havens around the world, keeping $90 billion out of the country’s coffers and placing an extra burden on American citizens, according to a new report released on Thursday.<p>In 2013, Apple, …

Hot airline stocks will continue to soar

New York (MarketWatch) — Anyone who has ever paid baggage fees and “filled up” on a dinner of peanuts and diet coke knows that airlines have gotten …

Macau May 9.3% Casino Revenue Growth Disappoints

Macau recorded its fifth highest monthly gaming revenue ever in May, 32.35 billion patacas ($4.05 billion), up 9.3% from a year earlier. But that wasn’t good enough for nervous investors, who punished Macau shares traded in Hong Kong and the US.<p>Sands China Ltd with an estimated 23.2% market share, …

Pope Francis replaces Vatican financial watchdog board

<b>Pope Francis has dismissed the entire board of the Vatican's financial regulator as he looks to reform the city-state's banking practices following a corruption scandal.</b><p>The move is also reportedly due to infighting among the "old guard".<p>The Financial Intelligence Authority's Italian, five-person …

GM ousts 15 employees over ignition-switch scandal

WARREN, Mich. (AP) — General Motors said Thursday that it has forced out 15 employees for their role in the deadly ignition-switch scandal and will …

U.S. Spies Worry Qatar Will ‘Magically Lose Track’ of Released Taliban

Under the terms of the deal to free Sgt. Bowe Bergdahl, Qatar will keep the senior Taliban figures in house arrest for a year. But U.S. officials say …

Subway strike causes chaos in Brazilian city ahead of World Cup

A subway strike brought much of Sao Paulo to a halt on Thursday, as workers demanding higher wages shut down public transportation in South America's largest city a week before it hosts the World Cup's opening match.<p>A partial metro shutdown created massive traffic jams in one of the more disruptive …

Lobsang Sangay, elected leader of Tibetan 'government in exile', urges China to return to talks on autonomy<p>The elected leader of the Tibetan "government in exile", based in India, has called on China to end "repressive policies" he blames for pushing 130 Tibetans to burn themselves alive in …

Chinese military spending exceeds $145 billion, drones advanced: U.S. | Reuters

WASHINGTON (Reuters) - China’s military spending exceeded $145 billion last year as it advanced a program modernizing an arsenal of drones, warships, jets, missiles and cyber weapons, the Pentagon said on Thursday, offering a far higher figure than Beijing’s official tally.<p>Soldiers from the honour …

VA chief to investigate deaths of 18 who waited for care in Phoenix

Eighteen veterans died while waiting for appointments at the Phoenix<p>VAmedical center, the acting secretary of Veterans Affairs said Thursday, as senators reached a bipartisan deal on legislation aimed at improving veterans' healthcare in response to coverups of long waits that have caused national …

Everyone is cutting their carbon emissions—except India

The 30% cut in US carbon emissions proposed today by the Obama administration only directly affects companies operating in the US, but the policy is aimed as much—possibly more—at the rest of the world as at Americans. The developing world will be responsible for almost all growth in greenhouse …

Arabtec CEO Hasan Ismaik Becomes First Jordanian Billionaire

Hasan Abdullah Ismaik, CEO of UAE-based construction company Arabtec, is a new billionaire thanks to an increased stake in the publicly-traded business. Ismaik now owns 20.5% of the Gulf’s largest builder, putting his net worth at $1.4 billion per today’s share prices.<p>Ismaik, 37, joined Arabtec in …

10 best-performing S&P 500 stocks of 2014

The S&P 500 Index SPX, -2.19% has returned 5% this year after soaring 32% in 2013, but there have been many surprises for investors, including the …

Olympics money pit scares off cities

Who wants to host the Olympics? Anyone? Anyone?<p>The process of awarding the 2022 Winter Olympics is in disarray after two leading contenders pulled out amid growing concern over cost overruns, the use of public funds and corruption.<p>The Polish city of Krakow bowed out of the competition last week …

Pilgrim’s Pride boosts Hillshire offer to $55 a share

Pilgrim’s Pride Corp. raised its offer for Hillshire Brands Co. by more than $1 billion, according to people familiar with the matter, escalating the …

Rich, really rich, and ultra rich

It's not just rich, middle class and poor anymore.<p>The middle class is barely treading water since the recent Great Recession, but the rich are back in a big way. And it's not just the 1%. It's the ultra rich -- the top 0.01% of earners -- that are really clobbering everyone else.<p>In the mid-1980s …

Apple unveils iOS 8 and OS X Yosemite

Apple CEO Tim Cook took the stage at the company's annual Worldwide Developers Conference in San Francisco on Monday to announce the latest features for iPhones, iPads and Macs.<p>Apple (AAPL) unveiled iOS 8, an update to the operating system that powers iPhones and iPads. It will be available for …

Number of Fortune 500 women CEOs reaches historic high

For those keeping score of women on the Fortune 500, here’s some good news: The definitive ranking of America’s biggest companies boasts some 24 …

Oil futures trade sideways with U.S. data ahead

Crude-oil futures rebounded in Asian trading hours Tuesday after an overnight decline, but traded within a narrow price range.<p>On the New York …

Apple Allows 'Approved' Virtual Currencies In Apps

"Apps may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions," Apple said in an update to its App Store review guidelines.<p>Apple did not provide details on the approved virtual …

Qatar World Cup 2022 scandal: Bill Clinton’s fury at vote triggered global search for truth

Former US president's exasperation at the Fifa decision-making process led to investigations that now threaten to reverse the decision to award the 2022 finals to a football desert<p>Bill Clinton looked anything but happy as he strode into the Savoy Baur en Ville hotel in Zurich in December 2010. The …

Corruption