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GlobalPost to Open New York Sales Office, Appoints John J. McMenamin Chief Revenue Officer

January 8, 2013 11:30
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The award-winning world news site GlobalPost is opening a sales office in New York City and has appointed media-industry veteran John J. McMenamin as Chief Revenue Officer. It will be the first time GlobalPost has had a sales office in New York since it launched in 2009. 

Bank of America to pay Fannie Mae billions for bad mortgages

January 7, 2013 18:00
"A favorable resolution of this long-standing dispute between Fannie Mae and Bank of America is in the best interest of taxpayers," Bradley Lerman at Fannie Mae said.

Publisher Tribune leaves bankruptcy after 4 years

December 31, 2012 13:50
It's an especially happy New Years Eve for employees and new owners of the publisher Tribune Co. The parent company of the Chicago Tribune, The Los Angeles Times and several broadcast outlets emerged from Chapter 11 restructuring on Monday, four years after it first filed for bankruptcy protection. The Chicago-based media giant has a new board of directors and new ownership including the hedge fund Oaktree Capital and Angelo, Gordon & Co, and JPMorgan Chase & Co. 

Flying has never been safer, says new data

December 30, 2012 12:57
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Those who are afraid of flying can take this to heart next time they board a plane: this year was the safest ever to fly.

E-book sales skyrocket as print declines, new data suggests

December 27, 2012 20:38
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E-book and tablet sales jumped sharply over the last year with print books in rapid decline.

Toyota to pay $1.1 billion to consumers for acceleration problem

December 26, 2012 18:56
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Toyota has agreed to pay $1.1 billion to about 16 million consumers to settle a class-action lawsuit dating back to 2009.

Starbucks cups are asking Congress for a fiscal cliff deal

December 26, 2012 09:46
Schultz said he plans to widen his marketing blitz on Twitter and Facebook posts, buy coverage on AOL's local news websites and take out ads in the Washington Post and New York Times later in the week.

Instagram faces class-action lawsuit from users over privacy

December 25, 2012 13:02
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Instagram is facing a class-action lawsuit in a San Francisco court over privacy concerns.

RIM, Blackberry-maker stocks sliced by nearly 25%

December 21, 2012 21:36
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Shares in the Blackberry-maker Research in Motion (RIM) dropped by nearly 25 percent on Friday.

Milk consumption drops off massively in the US

News DeskDecember 11, 2012 20:56
Milk consumption in the US has fallen off massively since the 1970s causing a crisis in the industry.
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