Economy

Uber Technologies in Talks to Raise Value to Over $10B: Funding Level Would Match Airbnb and Dropbox

Bloomberg reported that Uber, a San Francisco-based company that provides a mobile car booking service, is now in talks to raise its financing. The move would place the company's value at above $10 billion, nearly tripling its previous value of $3.5 billion last year, when it raised $258 million.

Apple vs. Google Patent Disputes Dropped: iOS, Android Companies Reach Lawsuit Truce

Apple Inc. and Google have reportedly issued a truce on their global patent infringement claims against each other.

GM Performance News: US Government Hits General Motors With Record-Breaking Fine for Dangerous Ignition Switches

On Friday, General Motors was slapped with a record-breaking $35 million U.S. fine for its delayed response to an ignition switch defect in millions of vehicles that has been linked to at least 13 deaths.

'Modern Family' Star Sofia Vergara Shares Hot Bikini, Bathing Suit and Swimsuit Tips Amidst New Kmart Line [Pic]

Sofia Vergara launches her brand new sexy swimwear collection for this summer, affordable at Kmart. Sofia Vergara is launching her brand new sexy swimwear collection for this summer at the ever-affordable Kmart.

Apple vs. Samsung Patent Lawsuit: US Court of Appeals Denies Revival of Samsung Patent Case With ITC

Following a loss at a San Jose, California, courtroom, Samsung encountered another blow to their patent infringement battle against Apple Inc.

Samsung Galaxy S4 vs. Galaxy S5 Specs Comparison: Is It Really Worth Upgrading?

The Samsung Galaxy S5 has been released, almost exactly a year after the S4 was released. But, what are the differences between the two phones and is it worth it to upgrade to the S5? Here is a comparison of the two handsets.

Abbot Labs to Buy Latin American CFR Pharmaceuticals for $2.9 Billion

Company will buy Chile-based CFR for $2.9 billion Abbot Laboratories announced Friday that it will buy Chile's CFR Pharmaceuticals SA for $2. 9 billion.

Facebook Friends App: MobilDuster Analyzes Your FB Friends List and Suggests Who to Remove

Free app scours your list to see who you rarely interact with. Are you one of those Facebook users with over 1,000 friends? Do you know them all? Personally, do you know them? Even if you don't know all of your Facebook friends, you likely have them on your friends list for a reason.

Latin America's Local Brands' Business Growth, By Country: Mexico's Grupo Bimbo Makes Impression; Coca-Cola No. 1

Local brands are proving to be popular across Latin America in comparison to global brands. Local brands are proving to be popular across Latin America in comparison to global brands.

iOS vs. Android Market Share in North America: BlackBerry's Decline Gives Microsoft Windows Phone 3rd Place

A study with approximately 300 million Canadian and U.S. Internet impressions found Microsoft's mobile operating system topped BlackBerry in Web traffic.

Comcast Denies Data Cap Plans, But Is It Inevitable?

Comcast Executive Vice President David Cohen has come out against a statement he made earlier in the week about the future of Comcast broadband and data usage caps. While Cohen emphasized that there are "no plans to announce a new data usage policy," the real truth is that you should expect data caps from more ISPs than just Comcast in the future.

Red Lobster Restaurants 2014: Darden Sells Seafood Chain for $2.1 Billion

Darden is selling seafood chain to Golden Gate Capital. Darden Restaurants is selling Red Lobster to Golden Gate Capital in a cash deal for $2. 1 billion, the company said Friday.

Cannes Film Festival 2014 Day 3: Ryan Reynolds' 'The Captive' Is a Bust; Sony Pictures Classics Takes Rights to Argentinean Film 'Wild Tales'

The third day of the Cannes Film Festival saw the premiere of Atom Egoyan's latest film, and the results were dismal.

FCC Spectrum Auction Impact on Hispanic-Owned Businesses: Congested Airwaves May Hinder Latino Firms

Texas has become a breeding ground for Hispanic-owned businesses and entrepreneurs, but wireless technologies appear to be a problem in targeting audiences and markets.

Goya Foods Expands Production Facilities with $250 Million Investment in 'Strategic' Four US States

The largest Hispanic-owned food company in the United States expanded its production facilities as part of a $250 million investment.

US Homebuilding Increases 13.2 Percent in April Despite Harsh Weather Across Nation

The Commerce Department said Friday that construction began on more than 1.07 million homes in April, at a rate 13.2 percent higher than in March.

Jennifer Lopez & Mario Lopez: Can Pop Culture Powerhouses Attract Acculturated Latinos to NUVOtv?

How do you get into the mindset of the modern Latino? Hire some of the most successful Latino Americans who live, breathe and consume entertainment and pop culture, like Jennifer Lopez and Mario Lopez.

Xbox One vs. PS4 Sales, Games, Price, Review: Sony, Microsoft Offer Discounts to Playstation, Xbox Users, Respectively

This week Sony has kicked off May Madness with several promotional sales for its Playstation products, and Microsoft has announced some change coming to Xbox Live Gold members.

Cannes Film Festival 2014 Day 2: Mike Leigh's 'Mr. Turner' Early Front-Runner for Palme D'Or?

The second day of the Cannes Film Festival provided the opening to one of the most anticipated films of the competition.

Samsung Gear Glass Specs, Review and Release Date 2014: Samsung Could Unveil Gear Glass in September

To compete against the likes of Google, technology manufacturing giant Samsung is poised to release its own version of the Google Glass device as early as September.
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