Surging Mining Stocks End a Slump on Wall Street

(NEW YORK) — Miners and other companies that deal in commodities helped pull the stock market out of a three-day slump. News that China’s trade rebounded last month signaled the end of a six-month slowdown for the world’s second-largest economy. China is the world’s biggest buyer of raw materials. The report drove the price of copper […]

YouTube Guys Give Video Editors a Brand New Playground

It appears YouTube cofounders Chad Hurley and Steve Chen want to mix it up with Vine and Instagram. Their video-editing app, MixBit, which was developed by the pair’s new venture, Avos Systems, made its iOS debut on Thursday. An Android version is due in the coming weeks. The MixBit app works much like Vine and […]

JPMorgan Faces Criminal Probe over Mortgage Bonds

(NEW YORK) — The U.S. Justice Department is investigating JPMorgan Chase over mortgage-backed investments the bank sold in the run-up to the financial crisis. The New York-based bank said in a regulatory filing that it is responding to investigations by the civil and criminal divisions of the U.S. Attorney’s office for the Eastern District of […]

Seasonal Smartphone Marketing Madness Begins in Earnest

Samsung this week launched a marketing blitz for its Galaxy Note III phablet, which will be unveiled in Berlin Sept. 4, just before the IFA consumer electronics show, which will run Sept. 6-11. That timing has become a Samsung tradition, as have the orchestrated leaks about its forthcoming product. Samsung has been splurging to buy […]

Turns Out You Only Think You’re Spending Less Money

American consumers claim that they’re not spending as much money this year on restaurants, bar tabs, home purchases, and other key categories. The actual consumer spending data tells a different story. According to new surveys, American consumers are spending less money. Or at least, that is, they say they are. In a poll conducted by […]

Measure of U.S. Jobless Claims Falls to 6-year Low

(WASHINGTON) — A measure of Americans who applied for unemployment benefits over the past month has fallen to its lowest level in almost six years, signaling fewer layoffs. The Labor Department said Thursday that the average number of people who applied for benefits over the past four weeks dropped 6,250 to 335,500. That’s the lowest […]

Do Your Homework Before Choosing an Unlimited Wireless Data Plan

Six years ago when Apple’s iPhone and smartphones running Google’s Android first hit the streets, it seemed that lots of carriers jumped into the unlimited space. They did this to let customers test drive the wireless data app world and get hooked — and customers loved it. Since then, both AT&T Mobility and Verizon Wireless […]

Zozi: It’s All About the Experience

Zozi, which connects customers to activity-related adventures or trips — say sailing lessons or rock-climbing tours — rolled out a CRM system earlier this year that is an offshoot of an acquisition the startup made at the end of 2012. The name of the CRM system is “Zozi Advance,” and it is a build-out from […]

The Great OpenStack-Amazon API Debate

The discussion and debate over open source cloud software’s compatibility with cloud leader Amazon’s proprietary APIs was just beginning when the 451 Group released “The OpenStack Tipping Point” in April. With the advancement of the OpenStack software and community — along with lingering questions about the desired level of compatibility with Amazon’s cloud — the […]

Amazon Greenlights HTML5 Web Apps

Amazon on Wednesday launched support for HTML5 Web apps in its Mobile App Distribution Program. Developers can now submit URLs for their HTML5 apps to Amazon and leverage the company’s In-App Purchasing API for JavaScript. Apps from Spil Games and IGN Video Game Reviews are among those already available in the Amazon Appstore. “With this […]

Nokia’s Apple-Bashing Video Speaks to My Heart

Nokia saw an opening to attack Apple through the world’s most-used camera, the itty bitty unit on the iPhone. The attack? A politely sarcastic ad on YouTube that parodies the generally excellent Apple version that — also politely — brags that every day, more photos are taken with the iPhone than with any other camera. […]