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Best Buy CEO Dunn Steps Down

MINNEAPOLIS, (UPI) — U.S. retail giant Best Buy said Tuesday Chief Executive Officer Brian Dunn resigned. In a statement, the company said, “There was mutual agreement that it was time for new leadership to address the challenges that face the company.” Board member G. Mike Mikan was named interim CEO and will lead the search […]

After Layoffs, Yahoo! Tries A Shake-Up

SUNNYVALE, Calif., (UPI) — Yahoo! Inc.’s headquarters in California is undergoing a shakeup, a memo from Chief Executive Officer Scott Thompson says. The memo written for employees said the firm would organize itself around “consumer, regions and technology,” reported The New York Times, which reviewed the note. Thompson said the consumer division’s media business would […]

Most Popular Hyundai Models In Short Supply

(UPI)– South Korean automaker Hyundai is worried about running short of its two best-selling cars, the fuel-efficient Elantra and Sonata sedans. Hyundai sales jumped 13 percent in March as buyers gobbled up the cars, cutting inventories of the compact Elantra to just one day and 25 days for the Sonata, the Los Angeles Times said. […]

More Adults Getting Gifts For Easter

STEVENS, Pa., (UPI) — No holiday rises to the gifting magnitude of Christmas, but a U.S. marketing researcher says Easter follows Halloween as the fastest-growing holiday. Pam Danziger, president of Unity Marketing and author of “The Gifting Report 2012: The Ultimate Guide to the Consumer Gift-Giving Market,” said gifting consumers spent 24 percent more on […]

AOL To Sell 800 Patents To Microsoft

NEW YORK, (UPI) — Internet giant AOL announced in New York Monday it would sell 800 patents to Microsoft Corp. in a deal worth $1.056 billion. AOL said it was an all-cash deal and reassured investors the deal leaves AOL with “a significant patent portfolio of more than 300 patents and patent applications spanning core […]

With Demand Up, Job Training Funds Drop

WASHINGTON, (UPI) — Budget data shows the U.S. government is spending less on training dislocated workers in 2011 than it spent in 2006, before the recession hit. With adjustments for inflation, the federal government is spending 18 percent less on training workers for new careers than it did five years ago, The New York Times […]

Facebook To Buy Instagram For $1 Billion

PALO ALTO, Calif., (UPI) — Facebook founder Mark Zuckerberg said Monday the company had purchased a San Fransisco firm, Instagram, which has just nine employees, for $1 billion. Instagram is a photograph-sharing Web site that is just two years old, the Los Angeles Times reported. Facebook would “be mindful about keeping and building on Instagram’s […]

First-Quarter Profits Expected To Be Slim

NEW YORK, (UPI) –  Corporate profits for U.S. companies in the first quarter are expected to be a dud in many cases, market analysts said. “It is the lowest quarter of growth we have seen since the third quarter of 2009,” said Christine Short, senior manager for Standard & Poor’s Global Markets Intelligence. Standard & […]

Order Given For Gatling Guns

CHARLOTTE, N.C., (UPI) –  General Dynamics Armament and Technical Products said it will produce additional 20mm gun systems for use on U.S. Navy F/A-18E/F Super Hornet aircraft. The order for the weapons came under a contract modification from the Naval Air Systems Command worth $7.8 million, the company said. “General Dynamics has successfully produced the […]

Microsoft Poised To Pay For Apps

REDMOND, Wash., (UPI) –  U.S. technology giant Microsoft, playing catch-up in the mobile phone business, is willing to pay for Windows-ready applications, software developers said. Microsoft has developed a variety of enticements to app developers to beef up its selection at its app store, The New York Times reported Friday. The reason is simple: Microsoft’s […]


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