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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 […]

Navy Orders Digital Cockpits For Helos

WASHINGTON, (UPI) —  Digital cockpits and integrated mission and sensor systems are being supplied to the U.S. Navy under a five-year contract awarded to Lockheed Martin. The systems — 200 in all — will be used on MH-60R and MH-60S helicopters and are worth about $1 billion, the company said. “This contract award ensures uninterrupted, […]

Economic Outlook: Economy Warming Up

Occasionally, Mother Nature gives the economy a boost. Throughout the winter, in weekly report after weekly report, the International Council of Shopping Centers took note of the unseasonably warm winter that was not just warmer than last year, it was often hugely warmer than last year. Frequently, temperatures were noted as “unseen in the past […]

Mortgage Rates Drop Slightly In Week

WASHINGTON, (UPI) —  Average long-term U.S. mortgage rates held under 4 percent in the week ending Thursday, the Federal Home Loan Mortgage Corp. said. Rates for 30-year contracts have held under 4 percent for two consecutive weeks, falling this week from 3.99 percent to 3.98 percent with 0.7 point. Thirty-year mortgage rates averaged 4.87 percent […]

Court Extends Viacom’s YouTube Suit

NEW YORK, (UPI) —  A U.S. appeals court said Viacom Inc.’s lawsuit filed in 2007 against YouTube for copyright infringement may have some merit after all. The 2nd Circuit Court of Appeals kept the lawsuit going by sending it back to a federal district court to resolve the question of whether or not YouTube, owned […]


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