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Wall Street’s Average Cash Bonus Was $164,530 In 2013

NEW YORK (UPI) — The average cash bonus paid to financial services employees for 2013 was $164,530, a 15 percent rise, according to an annual report released by the New York State Comptroller. This was the biggest average bonus since 2007, before the financial crisis struck in 2008. Overall, financial services employees earned a total […]

U.S. Multinationals Hoarding $2 Trillion In Cash Overseas

U.S. multinationals have around $2 trillion cash stored in overseas accounts, largely due to the repatriation tax and other inefficiencies in the tax code. According to data analyzed by Bloomberg, U.S.-based companies have added $206 billion to their offshore accounts. These companies have accumulated $1.95 trillion outside the U.S., up 11.8 percent from a year […]

Google Apps For Business Will Pay Users $15 For Each Referral

MOUNTAIN VIEW, Calif. (UPI) — In order to promote its business apps, Google is offering users $15 for every referral of its Google Apps for Business, a move that signals it is ready to take on Microsoft’s Office 365. Google Apps for Business is a cloud-based suite that comes with Gmail, Google Calendar, Google Drive, […]

Audi Overtakes BMW To Take Lead In Luxury Car Sales

MUNICH, Germany (UPI) — Audi AG outsold Bayerische Motoren Werke AG (BMW) for the first two months of the year, taking the lead in global sales for luxury cars. Around this time last year Audi was trailing BMW, which has retained the No.1 spot in this segment for the last nine years. Mercedes, which has […]

AT&T Enters Price War, Slashes Price For Data Plan

DALLAS (UPI) — AT&T over the weekend announced that it will offer its 2GB Mobile Share Value data plan at $65, $15 lower than it previously did. The announcement comes amid an intense price war being waged by the top three wireless providers: Verizon, T-Mobile and AT&T. The newly priced plan will include one phone […]

Twitter Bug Allowed Unapproved Access To Protected Accounts

SAN FRANCISCO (UPI) — Twitter says it has a corrected a bug that entered its systems November 2013, which allowed unapproved users to read tweets coming from protected accounts. Protected accounts are those that require the owner to manually approve followers, and only those followers can read the owner’s tweets. Some unapproved users were able […]

Apple Releases First Major Update For IOS 7

CUPERTINO, Calif. (UPI) — Apple released iOS 7.1, the first major update for the latest version of its mobile software, which includes CarPlay, Siri improvements, and visual tweaks. The update comes six months after iOS 7′s launch last September, which was much needed after initial adopters complained of bugs, and the update will available to […]

Mt. Gox Files For Bankruptcy In U.S., CEO’s Accounts Hacked

NEW YORK (UPI) — Mt. Gox, once the largest bitcoin exchange, filed for bankruptcy protection in the U.S. on Sunday, after filing for similar protection in Tokyo last month. The bitcoin exchange filed for bankruptcy under Chapter 15, which deals with insolvency cases that spread across more than one country. By filing in the U.S., […]

Samsung Launches Free Mobile Radio Service Milk Music

DALLAS (UPI) — Samsung launched a free, ad-free radio streaming service for its U.S. customers Friday, but the service will be available only on their Galaxy line of phones. The company plans to expand the service to other countries and other phone models at a later date. The service, which does not require log-in, will […]

Visa And MasterCard Team Up To Focus On Better Payment Security

NEW YORK (UPI) — MasterCard and Visa announced Friday that they formed a cross-industry group to work on improving payment security systems, including new chip technology. The group will include all the players using such payment systems, such as banks, credit unions, retailers, trade groups and point-of-sale system manufacturers. The group will focus on transitioning […]


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