Mar 24th

Google Under Fire for Blackmailing Websites

By Dave Simmons

Google Under Fire for Blackmailing Websites

 

Internet giant Google is feeling pressure again after an FTC report leaked revealing the company has threatened a handful of websites with pulling them from its search results if they didn't make content available for Google.  The report seems to show that evidence was found that Google was effectively blackmailing competing websites like Amazon and Yelp into allowing Google to use their data in Google search results.  If they refused, their sites would no longer show up on Google results.  The report recommended that charges be filed over the matter, but instead Google made some voluntary changes and the case was closed.  Officials in the European Union are still looking into allegations of unfair practices by Google, but consumer advocacy groups now want the FTC to re-open its case against Google in light of the leaked report.

Mar 17th

Condo Residents Evacuated as Police Search for Suspect

By Frank Galvano

Condo Residents Evacuated as Police Search for Suspect

 

 Residents at a northwest Colorado Springs condominium complex were kept from their homes for several hours Friday as police searched for a man who they say drove his vehicle over an officer. The incident began near the intersection of Chuckwagon Rd. and Centennial Blvd., when a Col. Springs police officer on motorcycle pulled over a vehicle driven by Robert L. Denhartog. Instead of waiting for the officer to approach, Denhartog allegedly backed over the officer and his bike, then sped off. Three passengers in Denhartog's vehicle were taken into custody a little while later, but Denhartof fled to a condo in the nearby Saddleback Ridge complex. A standoff of about three hours ensued before police were able to locate and apprehend the suspect, who was charged with attempted murder and other charges. Duri9ng the search, a number of Saddleback Ridge residents were evacuated and those who weren't home when the search began were not allowed in the complex. Parts of Chuckwagon and Centennial were closed off during the search as well.

Mar 13th

Could Realtor.com Surpass Zillow & Trulia Despite Merger?

By Dave Simmons

Could Realtor.com Surpass Zillow & Trulia Despite Merger?

 

When Zillow's merger with Trulia was approved in February, most observers assumed the game was over for smaller competitors in the online real estate industry, as the merger brings together the sector's two biggest players.  As evidenced by a string of legal steps taken in the last few weeks, however, competition is still very much alive in the industry thanks to a key strategic advantage held by Realtor.com, the sector's second-largest company after the Trulia acquisition by Zillow.  Realtor.com was acquired late last year by News Corp subsidiary Move.com, which also operates a company called ListHub, which currently supplies listings to both Trulia and Zillow.  Since the Zillow-Trulia merger was approved, ListHub has decided to let its agreement with Zillow expire in April, and to end an agreement with Trulia early.  Trulia asked a court to stop ListHub from pulling its listings, and got a temporary injunction, but the injunction was pulled at a hearing days later.

Mar 6th

AT&T Bumped from Dow in Favor of Apple

By Kelly Curtis

 

AT&T Bumped from Dow in Favor of Apple

 

 

Apple was accepted into an elite club on Friday when it was announced the tech giant will replace AT&T on the Dow Jones industrial average.  The change is scheduled to take place on March 19th, and is not expected to affect the overall value of the 30-stock index.  S&P Dow Jones Indices, which manages the Dow, said the move is in response to a planned stock split by VISA.  The scheduled four-to-one split will reduce VISA's stock price by 75 percent, thus reducing the weight of the information technology sector on the index.  Bringing in Apple, the index manager said, will help offset the loss of value caused by VISA's stock split.

Feb 10th

Zillow Challenged On Accuracy of “Zestimates”

By Betty

Zillow Challenged On Accuracy of “Zestimates”

 

The CBS morning talk show, “CBS This Morning,”  addressed a major real estate issue last week when they invited Zillow CEO Spencer Rascoff to discuss the company's controversial “Zestimates”, or automated value estimates for homes.  With more than 73 million visitors in December alone, Zillow is easily the world's most popular real estate information website.  In addition to active listings of properties currently on the market, the site also provides information about homes not for sale.  This information often includes square footage, number of bedrooms and bathrooms, photos, property tax information and so-called “Zestimates”.  

Feb 10th

California Opens Solar Plant That Can Power 160,000 Homes

By Ronnie

California Opens Solar Plant That Can Power 160,000 Homes

 

California Governor Jerry Brown was beaming Monday as one of the world's largest solar power plants opened in the Southern California desert. Located in Riverside County, about 170 miles east of Los Angeles, the Desert Sunlight Solar Farm was operating at full capacity and pumping 550 megawatts of juice into the grid. Officials say that's enough electricity to power 160,000 homes. The solar plant is just the first step in Brown's ambitious plan, announced several weeks ago, for 50 percent of the state's power to come from renewable sources by the year 2030. Officials also noted that the Desert Sunlight Solar Farm will prevent the release of 300,000 tons of carbon dioxide per year, likening it to taking some 60,000 cars off the road.

Feb 10th

Apple Becomes World's 1st $700 Billion Company

By Mike Goldman

 

Apple Becomes World's 1st $700 Billion Company

 

The world's largest private company surpassed a new milestone Tuesday when Apple became the first company in world history to achieve a market capitalization of over $700 billion.  The Cupertino-based tech giant was already riding a wave of stock gains after reporting its highest quarterly earnings ever in January, then got another boost last week in the form of a very successful bond sale.  The development that took the company over the $700 billion hump came Tuesday, meanwhile, when the company announced a partnership with First Solar to build an $848 million solar power plant on 1,300 acres in Monterey County, California.  When completed, the massive solar plant will power Apple's headquarters in Cupertino, a data center in Newark, California, 52 stores across the Golden State and all the company's California-based offices.

Jan 30th

Google Shares Plummet in After-Market Trading on Earnings Miss

By Frank Galvano
Google Shares Plummet in After-Market Trading on Earnings Miss
 
Google shares plunged in after-hours trading as investors absorbed the tech giant's disappointing fourth-quarter earnings report.  The shares, which closed Wednesday's session at a value of $512.86 per share, fell as low as $503.66 per share during Thursday's session, then continued dropping after the market closed, bottoming out at just under $491 per share.  At that point, Google's stock price had fallen nearly 20 percent since February 26th, 2014, when the stock reached a record value of $610.70 per share.  Over the same time frame, the S&P 500 has gained just under 9 percent and the Nasdaq has climbed almost 10 percent, all while Google's biggest rival Facebook also gained 10 percent.
Jan 20th

NBC to Stream Super Bowl Live

By Dave Simmons
superbowl-xlix_logo.jpg


NBC to Stream Super Bowl Live
 
NBC Universal announced on Tuesday it will offer eleven hours of streaming video for free on Superbowl Sunday, including the big game.  According to a press release, coverage will include pre-game, the halftime show and even an episode of “The Blacklist” after the game.  The free coverage will be accessible on PCs and tablets, but not on smartphones, because the NFL has an agreement in place with Verizon Wireless for exclusive access to streaming video of NFL games.  The free content will be available on NBC.com or via the NBC Sports Live Extra app for tablets, and there will also be links to the live stream posted on SuperBowl.com and NFL.com.  The broadcast will begin at noon eastern time on Superbowl Sunday, February 1st, and run until 10 PM.
Jan 16th

Hackers Seize NY Post Twitter Feed, Report Chinese Attack on US

By Kelly Curtis
Hackers Seize NY Post Twitter Feed, Report Chinese Attack on US
 
Cyber criminals hacked into the Twiiter account for the New York Post on Friday, posting bogus reports about a Chinese attack on a US warship and a Fed plan to set interest rates to negative.  All the tweets were deleted within a few minutes of being posted, and the hackers appeared to have been locked out of the account.  Twitter officials declined to comment, saying it does not comment on individual accounts over privacy and security concerns.

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