NEWS
May 22, 2012 | Barbara Ortutay and Pallavi Gogoi, AP Business Writers
Facebook was supposed to soar. Instead, it plunged. After the social network's stock fizzled on Friday in its long-awaited debut, its stock fell 11 percent on Monday, even as the rest of the stock market rallied. The downward spiral has left some people sitting on big losses, and others scratching their heads. After all, nothing fundamental has changed at Facebook in the days since the much-hyped company came to the stock market — Facebook still has more than 900 million users, its 28-year-old founder Mark Zuckerberg controls the company, and it is still one of the few...
NEWS
May 20, 2012
The executive chairman of Google Inc. has told Boston University graduates they can compete for jobs and solve problems as the first generation to be fully connected. Eric Schmidt told more than 6,700 BU graduates on Sunday that they're part of the first fully connected generation the world has known. Schmidt, who ended a decade-long stint as CEO last year and turned the job over to Google co-founder Larry Page, acknowledged it's not a great economy to find a job. But he said young people have a competitive edge, which he...
NEWS
May 16, 2012
When the head of JPMorgan Chase met with shareholders to answer for a trading loss of more than $2 billion Tuesday, it was against an evolving political backdrop: Donors from big banks are betting on Mitt Romney to defeat President Obama and repeal new restraints on risky, large-scale investments. "There's no doubt that there's been a big diminution of support for the president," said William M. Daley, Obama's former chief of staff and a former top JPMorgan Chase executive. "People in the financial services sector are saying, ‘The president has been too tough on us, both in policy and on...
BUSINESS
January 6, 2012 | By Michael B. Farrell
Almost five years after leaving Channel 5, veteran Boston newscaster Natalie Jacobson is coming back to the screen - the computer screen - to help launch an Internet news service in Worcester next month. Jacobson will add her marquee name to GoLocalWorcester, the second local news website from Rhode Island start-up GoLocal24, which inaugurated a similar service in Providence in 2010. She will join the site as a senior editor, working on investigative journalism projects with a small group of reporters, and occasionally appearing in front of the camera to conduct interviews.
BUSINESS
September 29, 2011 | By Casey Ross, Globe Staff
When most people hear the name Google, they think Internet searches, not affordable housing. But in Allston, the search-engine giant is investing $28 million to help construct 240 units at the Charlesview residences, one of the largest low-income housing developments in the country. On its face, the investment seems strange because it puts Google Inc., typically focused on the virtual world, in a corner of the affordable housing business dominated by big banks and investment companies.
BUSINESS
September 8, 2011 | By D.C. Denison, Globe Staff
Boston shoppers who looked online yesterday for local daily deals from discount websites had at least 84 to choose from, including 14 from restaurants, 5 from salons, and 2 from yoga studios. The 22 companies providing these deals ranged from Groupon, the online coupon service that invented the genre three years ago, to a new discount site from search giant Google Inc., which launched yesterday in Boston. Also new to the local online coupon market is RapidBuyr, a Concord company that debuted a Boston site in August that targets its deals to owners of small- and...