Articles

  • First Bailout Fraud Unlikely the Last


    Posted Tuesday, March 16, 2010 - 1:49am

    Investigations into bailed out companies are underway and the first charges go to a former bank president, reports The Washington Post. Charles Antonucci Sr. claimed he invested his own $6.5 million to improve the Park Avenue Bank, when it was really the bank’s money.

    TAP Tagline: 

    Banker Deceives TARP for $11.3 million

    • Laura Mortkowitz is an intern at The Big Money.

  • Now Playing in Hulu Theaters Nationwide


    Posted Monday, March 15, 2010 - 5:55pm

    We know that Hulu has disrupted the way we watch TV. But it’s done far less to change the way we watch movies. That’s because right now the movies on Hulu are incredibly obscure. But that doesn’t mean they have to be. Every week Hulucination will keep track of how many movies are on Hulu and how many reviews they have on Netflix (NFLX).

  • Posted Monday, March 15, 2010 - 4:27pm

    Google (GOOG) is not a company known for making big mistakes, but not too long ago, it stumbled into the worst strategic blunder in its history. It’s not the acquisition of YouTube, which cost the company $1.6 billion, plus whatever it will take to settle Viacom’s (VIA.B) $1 billion copyright-infringement lawsuit. It’s not Google Buzz, which violated the privacy of untold thousands of Gmail users and prompted a class-action lawsuit.

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    • Chris Thompson is a writer living in Brooklyn.

  • Developing Countries Love Tang, Hate Mac And Cheese


    Posted Monday, March 15, 2010 - 3:33pm

    If Kraft (KFT), Sara Lee (SLE), and other makers of packaged foods hope to grow, they must inject their brands into developing nations. "But packaged-food firms face a special challenge," writes the Chicago Tribune's Mike Hughlett. "Food, more than most products, is an expression of culture."

    • Dan Mitchell has written for the New York Times, the Chicago Tribune, the Minneapolis Star-Tribune, and Wired.

  • How Much Does the West Matter to China?


    Posted Monday, March 15, 2010 - 3:27pm

    That's the question the Wall Street Journal asks in its latest update on Google's (GOOG) fight with the Chinese government. And it has a few numbers to support its conclusion: not much.

    Amazon's (AMZN) piece of the Chinese market: 8 percent.

    Expedia's (EXPE) piece: 10 percent.

    • Chris Thompson is a writer living in Brooklyn.

  • Hitwise: Facebook Is More Popular Than Google


    Posted Monday, March 15, 2010 - 3:17pm

    According to stats from Hitwise, Facebook can now call itself the most popular Web site in the United States. Recently released data reveals that Facebook accounts for 7.07 percent of Web visits, while Google (GOOG) accounts for 7.03 percent. TechCrunch points out that the data may be somewhat misleading.

    • Caitlin McDevitt is an editorial assistant at The Big Money.

  • Just Who Is Making All These Apps, Anyway?


    Posted Monday, March 15, 2010 - 1:58pm

    It’s a familiar story on the Web. A market is pioneered by entrepreneurs who are low on funding but big on vision, and then the big, established companies come in with their copycat applications and their marketing budgets to muscle in on the success that startups built.

    TAP Tagline: 

    Just Who Is Making All These Apps, Anyway?

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  • App-etizers, Mar. 16: LoKast Brings P2P Media Sharing to iPhones


    Posted Monday, March 15, 2010 - 1:29pm

    LoKast iPhone app lets you share photos, videos, and more with other members within 300 feet. (TechCrunch)

    Microsoft's (MSFT) Windows Phone 7 partners will include the AP, Electronic Arts, and Foursquare among others. (Engadget)

  • USA Today Returns to Starbucks


    Posted Monday, March 15, 2010 - 12:27pm

    USA Today has returned to Starbucks after 10 years of the New York Times being the only national paper available in the chain's outlets.

    "Starbucks positioned its new openness as an effort to better serve its customers, who've come to expect more choices in media throughout their days," reports Advertising Age.

    • Dan Mitchell has written for the New York Times, the Chicago Tribune, the Minneapolis Star-Tribune, and Wired.

  • Posted Monday, March 15, 2010 - 11:00am

    from SlateAIG may be the only three-letter, four-letter word in the English language. The company ran into huge problems by selling insurance on financial assets without setting aside reserves to pay out claims.

    TAP Tagline: 

    Surprise! AIG Is Paying Back a Lot of Its Debts.

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