It sounds like a kamikaze mission: an upstart with a meager number of users and no capital squaring off against Facebook, a social networking juggernaut with more than 400 million members and a $15 billion valuation.
But despite those odds, a handful of start-ups are eyeing the social networking industry with renewed interest.
In the days since President Obama announced a moratorium on permits for drilling new offshore oil wells
and a halt to a controversial type of environmental waiver that was given to the Deepwater Horizon rig,
Carbon trading was meant to reduce greenhouse gas emissions in the European Union by making polluting more expensive for heavy industries, encouraging them to invest in cleaner technology.
But even supporters admit that the system, also known as cap and trade, is falling far short of that goal.
We began this week by talking about some disturbing signs that the Chinese housing bubble is perhaps about to burst.
Aside from our “structural” observation that President Obama’s perceptible “indifference” to the Gulf oil spill disaster is all too reminiscent
U.S. investment bank JP Morgan Securities Ltd has been fined a record 33.32 million pounds ($49.12 million) in Britain for failing to protect billions of dollars of client money over almost seven years.
Issuing a stark warning to other banks operating in Britain, the country’s Financial Services Authority (FSA) said on Thursday that
IN the 1990s, Gary Reback, a Silicon Valley lawyer, almost single-handedly brought the antitrust weight of the federal government down on that era’s high-tech heavyweight, Microsoft.
Now Mr. Reback contends there is a dangerous new monopolist in the catbird seat: the search giant Google.
This month, Mr. Reback shepherded Adam and Shivaun Raff, the husband-and-wife entrepreneurs behind the London comparison shopping site Foundem, around Washington.
Facebook gets blocked, and you can’t open a broadsheet without tripping over an in-depth report.
But China seems to be in the middle of series of dramatic unblockings, and no one is saying a word!
In the past week, a large number of foreign pornography sites, as well as some Chinese ones, have become accessible from China without a VPN.
And according to Michael Anti, it’s not just porn sites anymore.
The American International Group scuttled the deal to sell its huge Asian life insurance arm, AIA, to Prudential of Britain for about $35 billion,
in a major setback to repaying the government for its 2008 rescue.
The waves of financial trouble rippling across Europe could end up splashing at least one American institution: the taxpayer-owned American International Group.
A.I.G. has sought to unwind its derivatives business, which gave it a big exposure to Europe.
After an outcry over details disclosed last year about how the government’s bailout helped a number of European banks,
