Is Wall Street Disenchanted With Apple?

These days, it seems Apple can do no right on Wall Street. The latest snub came from Citigroup, which downgraded the company to “neutral” from “buy” on Sunday. More significantly, the price target was dropped by $100 to a modest $575 per share. Citi analyst Glen Yueng questioned the strength of the iPhone 5, pointing […]

FTC Asks Data Brokers What They’re Doing With Your Info

The Federal Trade Commission on Tuesday announced that it has demanded nine data brokerage companies explain how they collect and use consumer data. The nine are Acxiom, Corelogic, Datalogix, eBureau, ID Analytics, Intelius, Peekyou, Rapleaf and Recorded Future. These sites offer information on just about anyone, in most cases for a fee. Rapleaf might perhaps […]

Samsung Shows Signs of Softening in Smartphone Tug of War

Samsung said Tuesday that it will drop its pursuit of injunctions against the sale of some Apple products in Europe. Samsung wants to compete “fairly in the marketplace, rather than in the court,” according to its official statement, but the move is an odd twist in the ongoing legal saga between the two consumer electronics […]

NRA Breaks Silence on Shootings

The National Rifle Association, breaking days of silence, issued a statement saying it is “shocked, saddened and heartbroken” by the elementary-school shootings in Connecticut and is ready to offer “meaningful contributions to help make sure this never happens again,” the Wall Street Journal reports. The group will hold a news conference in Washington, D.C. on […]

On somber anniversary, Biden copes with a new loss

WASHINGTON – Vice President Joe Biden returned to the Senate on Tuesday to swear in Sen. Patrick J. Leahy of Vermont as the new president pro tempore, an office he now holds as the chamber’s most tenured member after the passing of Hawaii Sen. Daniel K. Inouye. Read more from the original source…

Snyder Vetoes Concealed Weapons Bill

Michigan Gov. Rick Snyder (R) vetoed legislation that would have allowed gun owners with extra training to carry concealed weapons in public schools, the Detroit News reports. “The bill sought to eliminate gun-free zones for concealed pistol license holders by requiring more training and prohibiting them from open-carrying weapons inside schools, stadiums, churches and hospitals.” […]

Judge Boxes Ears of Both Parties in Apple-Samsung Lawsuit

Both Apple and Samsung, which have been locked in lawsuits in the United States and abroad, won a little and lost a little in their hearing before Judge Lucy H. Koh in San Jose, Calif. On Monday, the judge denied Samsung’s request for a retrial seeking to reduce the $1.05 billion in damages a jury […]

Google in Talks to Resolve Antitrust Issues in Europe

Google is expected to agree to changes in the way it displays search results, a move that will likely allow it to skirt an antitrust investigation in the U.S. However, things are still unresolved between Google and the European Commission. The Federal Trade Commission is expected to announce a deal this week that will end […]

Is Newtown Obama’s Birmingham Moment?

Todd Purdum: “I can’t help wondering if the bullets of Sandy Hook Elementary will be for Obama what the snarling dogs and high-pressure fire hoses of Birmingham, Alabama, were for John F. Kennedy in 1963: the human tragedy that will force him to take a political risk, simply because it is right.” Read more from […]

Sen. Feinstein expected to head Judiciary Committee

WASHINGTON — When Sen. Dianne Feinstein (D-Calif.) launched her drive in 1994 to win approval for an assault weapons ban, the relative newcomer to Capitol Hill walked the hallways trying to drum up support. Now, as she prepares for a new fight to pass gun control legislation,  she is likely to be doing it from […]

Obama’s Gun Push Takes Shape

President Obama “would actively support an impending proposal next year to reinstate a ban on assault weapons as part of the wide-ranging effort the president promised to initiate in response to mass shooting incidents this year,” NBC News reports. White House press secretary Jay Carney also said that Obama “was additionally willing to consider limiting […]

Next Star of Instagram Ad Could Be You, Like It or Not

Instagram is rolling out an update of its terms of service that gives it more control over users’ photos. The changes have unleashed a storm of criticism on various social networks. The new policies are privacy measures that will help Instagram integrate more easily with its parent company, Facebook. The terms will also allow the […]