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Dow Up 70 on Mixed Earnings
 Dow Up 70 on Mixed Earnings 
MARKETS
Apr 23, 2009 3:16 PM CDT

Dow Up 70 on Mixed Earnings

Apple, eBay do well in first quarter; UPS, SunTrust banks post losses

(Newser) - Stocks gained today amid mixed earnings news, the Wall Street Journal reports. Market volatility has dropped, with neither of the past two sessions seeing any big moves. Apple, eBay, Coach and Radio Shack beat expectations, while UPS, SunTrust Banks and Fifth Third Bancorp saw losses. The Dow rose 70.49...

EBay to Spin Off Skype in IPO Next Year

Company aims to end 'marriage from hell' through stock offering

(Newser) - Ebay plans to end its uneasy relationship with Skype by offloading the ill-fitting acquisition through an IPO early next year, Bloomberg reports. Analysts say the move could raise up to $1 billion for eBay, depending on how much equity the auction powerhouse wants to give up. The company declined to...

Tight Times Force Sentimental Sell-Offs

But many make far less than they'd hoped from collectibles

(Newser) - With money tight, many are seeking to part with collectibles they’d hoped to hold onto—and reaping smaller rewards than they’d expected, the Chicago Tribune reports. “I wanted my daughter to have some sort of family heirloom. It can’t be that way right now,” said...

Madoff's Mets Tix Sell for $7,500 on eBay

600% profit on seats to home opener will help repay victims

(Newser) - A Bernard Madoff investment has finally made an honest profit, the New York Daily News reports. The Ponzi kingpin's pair of tickets for the New York Mets home opener tonight, face value $525 each, sold for $7,500 after a fierce eBay bidding war. Along with revenue from the sale...

Skype Guys Trying to Buy It Back From eBay

(Newser) - The European wunderkinds who gave the world Skype have been approaching private equity firms in an attempt to buy their creation back from eBay, the New York Times reports. Niklas Zennstrom of Sweden and Janus Friis of Denmark sold the Internet phone service for $2.6 billion in 2005, but...

Madoff's Mets Tickets Up for Grabs on Ebay

Home-plate 'Ponzi' tickets will be sold to repay scammed investors

(Newser) - Scamster Bernard Madoff has lost his mansion, his yacht, his freedom and now his prized Mets season tickets, the Los Angeles Times reports. The trustee liquidating the shamed financier and lifelong Mets fan's assets has traded Madoff's $80,000 platinum tickets for a "more marketable" $60,000 gold set...

Skype Rolls Out New Biz Service

Internet calling company aims to boost revenue

(Newser) - Internet calling company Skype is introducing new software for businesses that lets workers on corporate phone systems make calls using regular office phones instead of computer headsets, the Wall Street Journal reports. Domestic and international calls to cellphones and landlines will start at 2.1 cents a minute, and computer-...

Now-Rare Malia, Sasha Dolls Go for $3K

Toys off market after First Lady's complaint

(Newser) - Now off the market, Ty’s “Marvelous Malia” and “Sweet Sasha” dolls are going for $3,000 a pop on eBay, the New York Daily News reports. “"I've been selling Beanie Babies all my life and this escapes all reason,” says seller Richard Lee. The...

Bong Owner Tried to Get $100K on eBay

Eight partygoers have been arrested; Phelps not among them

(Newser) - The bong case grows. Eight people in Columbia, SC, have been arrested on drug charges stemming from the infamous frat party that Michael Phelps attended, WIS-TV reports. Those eight do not include Phelps himself, but they do include the bong's owner, who reportedly tried to sell it on eBay for...

For a Good Time Buy 867-5309
For a Good Time Buy 867-5309
Feb 1, 2009 12:56 PM CST

For a Good Time Buy 867-5309

New Jersey DJ will sell you Jenny's iconic number—if you're ready for 40 calls a day

(Newser) - Tommy Tutone fans, you’re in luck: Now you can finally make Jenny yours—or at least have her number. The New Jersey DJ who shared a phone number with the title of the 1982 hit song, "867-5309," is now selling the famous digits on eBay. “It’...

Dow Falls 105 on Banks, Tech
 Dow Falls 105 on Banks, Tech 
MARKETS
Jan 22, 2009 3:23 PM CST

Dow Falls 105 on Banks, Tech

Jobs and housing data also dismal

(Newser) - Poor economic data and turmoil in the banking and tech sectors pushed stocks lower today, MarketWatch reports. Bank of America fell 13.3% after CEO Ken Lewis dismissed John Thain amid mounting losses in the wake of BoA’s merger with Merrill Lynch. The Dow closed down 105.30 at...

For Sale: Obama's Old Car; Price: $1M

Previous bidding reached $125,000 before seller canceled auction

(Newser) - As Barack Obama upgrades to a customized Cadillac limo fit for a president, the 2005 Chrysler 300C he once drove around Illinois is up for sale on eBay. Bidding starts at $100,000, but eager fans can fork out $1 million to buy it immediately, Time reports. The seller bought...

EBay Denies Involvement in Typosquatting

Crooked affiliate was redirecting 'amazon.cm' visitors to auction site

(Newser) - EBay claims it’s not responsible for a “typosquatting” scam that redirects browsers who head to amazon.cm (a frequent misspelling of its proper .com URL) to eBay.com. “We saw this a while back,” a spokeswoman tells Silicon Alley Insider. “We noticed there was an...

Minimum-Price Policies Limit Retailer Discounts

(Newser) - Looking for a last-minute price break on the Guitar Hero World Tour Band Kit? Don’t hold your breath. The video game is one of many products retailers can’t discount without losing advertising dollars—or supplies—from the manufacturers, reports the Wall Street Journal. Such minimum-advertised-price policies were deemed...

Gift-Givers Get Crafty In Tight Holiday Times

Sales of craft supplies and handmade items shine

(Newser) - Although the economic downturn has nearly everyone pinching pennies, craft stores are watching theirs stack up as holiday gift-givers are saving money by making their own gifts or buying handmade items from others, the New York Times reports. While overall retail revenues in November were off 7.4% from last...

Scarlett's Used Tissue Passes $2K on EBay

Johansson auctions off used tissue to feed the hungry

(Newser) - Scarlett Johansson is proving that even Hollywood glamour-pusses can be gross. The actress thinks her flem would make a nice fan memento, so she’s auctioned off a used tissue to raise money for a hunger charity. Bidding on eBay has already topped $2,000, the New York Daily News ...

Cybercops Bust Retailers Whose Deals Are Too Good

(Newser) - Manufacturers have gone on the offensive to stop discounters from selling their products for less than the minimum advertised price they set, reports the Wall Street Journal. But companies like eBay and Costco are pushing for laws to ban the minimum prices. Some retailers, like Circuit City, use workarounds to...

Google Cuts Spending, New Projects

Company plans cuts in contract workforce, tightens perks as it refocuses

(Newser) - Times are tough even at Google, forcing the company to refocus on its core business, the search advertising that generates 97% of its revenue, reports the Wall Street Journal. CEO Eric Schmidt says the company has begun to trim not only some of its legendary employee perks, but unprofitable products...

EBay Bans Inaugural Ticket Sales

Pressure from Congress over scalpers, counterfeit invitations

(Newser) - EBay and StubHub have removed offers for tickets to the inauguration of President-elect Barack Obama from their websites. Tickets to the inauguration, a free but invitation-only event, have been offered for as much as $7,500, reports the Los Angeles Times. Some 240,000 people will attend the event outside...

China to Declare 'Internet Addicts' Sick

Fervent web surfers face electro-shock treatments

(Newser) - China is about to become the first nation in the world to officially declare "internet addiction" a clinical disorder, reports the Guardian. Citizens hooked on the web may face treatment that includes military-style discipline, hypnosis, electro-shock therapy and drugs, reports the Guardian. The totalitarian Chinese authorities have repeatedly attempted...

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