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- BNET Author Biography
- Kevin Kelleher writes a regular stock column at TheStreet.com and is acontributor to Wired, Popular Science, and GigaOm. He has previously worked asa reporter and editor at Bloomberg News, Wired News, and The Industry Standard.
- more about Kevin Kelleher »
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- MLB.TV: How Not to Handle Video Online
- Take a look at next-generation video sites like Hulu and Joost. It's encouraging to see engineers raising the bar for the experience of watching television online. Then there is that tireless standard bearer for lowering the bar: MLB.TV. The good news for MLB.com's streaming coverage of games...
- Blog posts 2008-04-03
- Moody's, UBS Downgrade Each Other. Eyes Roll.
- To get a snapshot of how messed up things have gotten in the financial industry during the credit crunch, consider this little parable in the news Wednesday. UBS analysts issued a report on the firms that rated the subprime mortgage. The analysis seems sound enough. However, it...
- Blog posts 2008-04-03
- Citigroup Keeps Reshuffling Executive Ranks
- Citigroup is hiring rising star Terri Dial to head its consumer business. Dial is leaving a similar post she held at Lloyd's TSB, the U.K. checking-account provider, where she was credited with improving its retail bank operations. Citigroup is hungry for new managers who can shake things...
- Blog posts 2008-03-31
- Court to Diller: Spin Away
- In the epic battle of Barry Diller versus John Malone, the victory is going to Diller. Too bad the courts can't mandate a recovery in InterActive Corp.'s flagging operations. Stephen Lamb, a chancery court judge in Delaware ruled in favor of Diller, who had assumed rights to...
- Blog posts 2008-03-31
- Adobe Debuts Free, Online Version of Photoshop
- Adobe introduced a free, online version of its popular Photoshop software Thursday. It's an interesting experiment to take one of its flagship programs and apply it to a business model that is becoming more popular online: let users use a limited version of it for free all they want, or...
- Blog posts 2008-03-28
- American Express Buys GE's Corporate-Card Unit
- If, as some economists are saying, the economic downturn is going to hurt consumer spending more than business spending then American Express is making a good defensive move. AmEx is paying $1.1 billion for a General Electric unit that processes charge cards for corporations. American Express suffered...
- Blog posts 2008-03-28
- Motorola Split Upstaged by Insider Rant
- Say your company is on the ropes and you launch a major initiative to grab headlines and show you're serious about turning things around. The last thing you want is someone stealing your thunder. That's the situation faced by Motorola, the tech giant that said Wednesday...
- Blog posts 2008-03-27
- Federal Reserve Sees Paper Checks Declining
- The list of technological species endangered by new innovations is growing long: First 8-track tapes and VHS, then printed newspapers and the compact-disc album. Now we can add the checkbook to the list. Or that's the word from the Federal Reserve. In an interview with "American Banker,"...
- Blog posts 2008-03-27
- Amazon Still Reaping Benefits from Risk on Amazon Prime
- Now that big-name magazines are explicating the workings of the economy of free, it seems a little odd to think that only two or three years ago a lot of people were dumping on Amazon.com for building up its business by paying for things like shipping. Free shipments for shopping...
- Blog posts 2008-03-25
- Pink Slips at Goldman Sachs, Citigroup, Morgan Stanley
- No, that's not a ticker-tape parade over Wall Street. It's raining pink slips. Goldman Sachs, which said in January it would cut 5 percent of its jobs, has upped that figure to 15%, according to the New York Post. According to sources familiar with the matter,...
- Blog posts 2008-03-24
- Sony, Others Investigated for Patent Infringement
- Innovation may make the tech world go round, but it's not always pleasant when the bill comes due. It's happening to Sony's Blu-ray disc players and a 29 other electronics makers using light-emitting and laser diodes in their products. A retired Columbia professor filed a complaint charging Sony et al...
- Blog posts 2008-03-24
- Visa IPO Docs Reveal Huge Market Share
- One of the side-benefits of a major brand going public is the rare glimpse it can provide into data that might otherwise not be visible. Take Visa, the electronic-payment company that has grown from a credit-card unit of Bank of America into a global financial giant with $5.2 billion in...
- Blog posts 2008-03-19
- BNP Paribas Rides Away from SoGen Rescue
- You know things are bad when even the calvary gets scared. BNP Paribas is backing out of its potential merger with Societe Generale, the troubled French financial giant walloped by an errant trader who racked up $7 billion in losses earlier this year. In an announcement, BNP said, "Given...
- Blog posts 2008-03-19
- Toshiba Warning Bodes Ill for Electronics Sales
- Consumer demand for gadgets may be cooling off a lot faster than expected. That seems to be the case with NAND flash-memory chips, which have been used to power popular devices such as MP3 players and portable memory cards. The latest evidence comes from Toshiba, the Japanese...
- Blog posts 2008-03-19
- Apple Polishes iPhone for Business Market
- Apple's iPhone Enterprise program is drawing positive if cautious reviews. The beta initiative aims to allow corporate IT departments sample and experiment with iPhone 2.0 software before its general release. The iPhone has scads of people in the business world using it, but mostly through consumer accounts....
- Blog posts 2008-03-19
- JPM + Bear = A Big Deal with Few Winners
- You get the sense that regulators were working all weekend long alongside hundreds of workers at JPMorgan and Bear Stearns to hammer out what by any standards is a historic takeover. The idea was to contain the equivalent of a toxic spill in world financial markets. So why doesn't anyone...
- Blog posts 2008-03-18
- Verizon Gets it on File-sharing
- Blender magazine recently named the killing of Napster by the major labels the Biggest Record Company Screw-Up of All Time. While that's hardly news, it is interesting that the title was bestowed in a time when there is evidence that, seven years after Napster was squashed, big corporations are finally...
- Blog posts 2008-03-17
- Was Bear Stearns Hurt by Fear, or Greed?
- It's often said that business behavior is either motived by fear or greed. For Bear Stearns - the Wall Street bank facing rumors of a liquidity crisis that proved self-fulfilling - the prime culprit forcing it into a government bailout seems to be fear. But I wonder. ...
- Blog posts 2008-03-14
- Bear Stearns' Secrecy Comes Home to Roost
- Here's the tricky thing about keeping secrets on Wall Street: It's terrific fun until it isn't. Just ask Alan Schwartz, the CEO of punch-drunk Bear Stearns. His firm was the first domino to topple, setting off a cascading chain of events that has spread from mortgages, to derivatives, to...
- Blog posts 2008-03-13
- Google Closes DoubleClick Deal, Hints of Layoffs
- Nearly a year after the deal was announced, Google said Wednesday it's finally closing its $3.1 billion purchase of DoubleClick. The official announcement came shortly after foot-dragging European regulators finally approved the acquisition. Google has surely been working on integrating DoubleClick's technology, which is focused on the...
- Blog posts 2008-03-12
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