Archive for the ‘Business News’ Category.
July 26, 2011, 8:15 pm
Is the regions crush on The Crush fading? New ratings from Arbitron, the media and marketing research company, suggest so.
The radio station, WQSH, or 105.7 FM, went on the air in January and jumped out to a 4.4 overall audience share in the winter ratings period, ranking it seventh in the market.
But in the newly released spring ratings, The Crushs audience share was cut in half to 2.2 (thats the average percentage of radios tuned to the station) and fell to 15 in the ranking.
The regions most popular station? That would be country station WGNA (107.7 FM), with an 8.1 share, followed by talk station WGY (810 AM, 103.1 FM), which scored a 7.3 share.
July 25, 2011, 10:47 pm
Online retail giant Amazon announced financial results for second quarter 2011, reporting an increase in sales of 51% compared to the same period last year. The company’s revenue for the last quarter reached $9.9 billion surpassing Wall Street’s predictions of $9.4 billion. Amazon’s net income decreased by 8% to $191 million in Q2 compared with net income of $207 million in second quarter 2010.
Amazon’s operating income in the second quarter was $201 million, or $0.41 per diluted share, compared with net income of $207 million, or $0.45 per diluted share, in the same period last year. The company says that favorable impact from year-over-year changes in foreign exchange rates throughout the quarter on operating income was $28 million.
Amazon said that the Kindle 3G with Special Offers is currently the company’s bestselling Kindle device. “Low prices, expanding selection, fast delivery and innovation are driving the fastest growth we’ve seen in over a decade,” Jeff Bezos, founder and CEO of Amazon.com said in a statement. “Kindle 3G with
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July 25, 2011, 5:18 am
At its 41st international convention in Singapore on Monday, the ICANN board of directors approved the new top-level domain name program. The new expansion of the currently existing 22 domain names will add practically limitless number of new generic TLDs. The move represents one of the biggest changes of the Domain Name System since its inception in 1980s.
“ICANN has opened the Internet’s naming system to unleash the global human imagination. Today’s decision respects the rights of groups to create new Top Level Domains in any language or script. We hope this allows the domain name system to better serve all of mankind,” Rod Beckstrom, President and CEO of ICANN said in a statement.
The latest move by Internet Corporation for Assigned Names and Numbers offers organizations across the globe the opportunity to better market their brand as Internet address names will be able to end with practically any word and in any language allowing companies to register their own .brand domain.
“Today’s decision will usher in a new Internet age. We have prov
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July 22, 2011, 10:42 am
Clearwell Systems, a leader in intelligent e-disclosure, today announced findings from a survey conducted in conjunction with analyst firm Enterprise Strategy Group (ESG). A survey, titled “Trends in E-Discovery: Cloud and Collection,” highlights the rise of litigation, the enterprise trend toward bringing e-disclosure in-house, and, in particular, the growing impact of cloud computing and social media on electronic disclosure. These mediums will double in importance and scope for e-disclosure this year, according to respondents. The survey results were based upon responses gathered from more than a hundred Fortune 2000 enterprises and government agencies.
“The recent Texas court ruling allowing Facebook accounts to be screened as part of the jury selection process is just one example of the increasing importance of social media in the legal industry”
According to the results, 30 percent of respondents reported cloud-based applications as in-scope for e-disclosure in 2010. In 2011
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July 21, 2011, 8:04 am
Google announced Monday that it will start rolling out the ‘+1 button’ on Google search pages globally. The search company launched its social search feature few months ago on English search results on Google and shortly after made it available for the publishers to embed on their websites.
“We’ll be starting off with sites like google.co.uk, google.de, google.jp and google.fr, then expanding quickly to most other Google search sites soon after,” Nick Radicevic, Product Manager, wrote in a blog post. “We’ve partnered with a few more sites in Europe, Japan, India, Australia and New Zealand where you’ll see +1 buttons over the coming days,” he added.
Additionally, publishers outside the US who would like to add +1 button to their websites can do so by going to Google’s Webmaster Central where the button is available in 44 languages. Configuring the +1 button on a website is quite easy. On Google’s Webmast
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July 20, 2011, 10:27 pm
Photo by Gene Walsh The Wanamaker building, in background, is being demolished to make way for a string of individual retailers.
Photo by Gene Walsh Workers tear down a section of the former Wanamaker store at the King of Prussia Plaza Wednesday.
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Journal Register News Service
UPPER MERION — With its octagonal shape, the John Wanamaker department store kind of looked like something designed by Frank Lloyd Wright when it first graced The Plaza with its free-standing presence in 1965.
This week the building, which faces Mall Boulevard in King of Prussia, is being demolished to make way for a string of individual retailers, who will open their doors in time for next year’s Christmas shopping season.
“We have leasing commitments, but it’s premature to announce the names of the stores,” said mall manager Bob Hart, who added that there was no truth to the rumors that JC Penney would relocate to that section of The Plaza. J
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