McALLEN, Texas (AP) — A barge carrying nearly a million gallons of especially thick, sticky oil collided with a ship in Galveston Bay on Saturday, spilling an unknown amount of the fuel into the popular bird habitat just as the peak of the migratory shorebird season was approaching.
Booms were brought in to try to contain the spill, which the Coast Guard said was reported at around 12:30 p.m. ET by the captain of the 585-foot ship, Summer Wind.
The ship collided with a barge carrying 924,000 gallons of fuel oil that was being towed by the vessel Miss Susan, the Coast Guard said. It didn’t give an estimate of how much fuel had spilled into the bay, but there was reportedly a visible sheen of oil at the scene.
The barge was being towed from Texas City to Bolivar at the time. The Coast Guard said that Kirby Inland Marine, which owns the tow vessel and barge, was working with it and the Texas General Land Office at the scene.
Hot Internet Companies To Buy Right Now: Google Inc.(GOOG)
Google Inc. maintains an index of Web sites and other online content for users, advertisers, and Google network members and other content providers. It offers AdWords, an auction-based advertising program; AdSense program, which enables Web sites that are part of the Google Network to deliver ads from its AdWords advertisers; Google Display, a display advertising network that comprises the videos, text, images, and other interactive ads; DoubleClick Ad Exchange, a real-time auction marketplace for the trading of display ad space; and YouTube that provides video, interactive, and other ad formats for advertisers. The company also provides Google Mobile that optimizes Google?s applications for mobile devices in browser and downloadable form; and enables advertisers to run search ad campaigns on mobile devices, as well as Google Local that provides local information on the Web; and Google Boost for small businesses to participate in the ads auction. In addition, it offers And roid, an open source mobile software platform; Google Chrome OS, an open source operating system; Google Chrome, a Web browser; Google TV, a platform for the consumers to use the television and the Internet on a single screen; and Google Books platform to discover, search, and consume content from printed books online. Further, the company provides Google Apps, a cloud computing suite of message and collaboration tools, which includes Gmail, Google Docs, Google Calendar, and Google Sites; Google Search Appliance that offers real-time search of business and intranet applications, and public Web sites; Google Site Search, a custom search engine; Google Commerce Search for online retail enterprises; Google Checkout to make online shopping and payments streamlined and secure; Google Maps Application Programming Interface; and Google Earth Enterprise, a firewall software solution for imagery and data visualization. Google Inc. was founded in 1998 and is headquartered in Mountain View, California.
- [By Riddhi Kharkia] lready started executing on the solid strategies with respect to mobile technology. For Facebook, there are already 1 billion monthly active users on mobile, and mobile has a dominant influence on each of the company’s strategies.
In the fourth quarter, 2013 earnings call of the company, this is what the CEO Mark Zuckerberg had to say regarding the business of Facebook:
“Overall, 2013 was an important year for us. If 2012 was the year we turned our core product into a mobile product, then 2013 was the year when we turned our business into a mobile business. I expect 2014 will be the year when we begin to deliver new and engaging types of mobile experiences.”
Mobile Is the Pivot
Thus, it is significantly clear that the company is hard focused on expanding its business in the lines of mobile technology. In fact, the acquisition of Whatsapp, an Internet messaging service, for a whopping $19 billion was done with the motive of expanding its mobile reach. While a score of analysts criticized the deal as overvalued, it was but a small step in building a colossal business. Let me give a few significant numbers related to growth and share of mobile in Facebook’s overall business.
Of Facebook’s overall daily active users, only 55% access it from their mobiles: That’s around 441 million people. Meanwhile, the separate Instagram and Facebook Messenger apps each have more than 200 million monthly active users, with WhatsApp – bought by Facebook for $19 billion earlier this year – already used by 500 million people.
This is translating into more money for Facebook through advertising: 59% of its $2.3 billion of ad revenues in the first quarter of this year came from mobile, a proportion that stood at 30% in the first quarter of 2013, and just 14% in the third quarter of 2012.
E-Commerce Is the Way to Go
Even though the movement of high-profile executives in the Silicon Valley is not anything new, it still gi
- [By WWW.DAILYFINANCE.COM]
Daniel Acker/Bloomberg via Getty Images | Amazon.com (AMZN) launched a new streaming music service on Thursday as part of its $99 Prime subscription service that includes free video streaming and free delivery. Overnight the company launched a web page seemingly announcing the new service. “Prime Music” would offer unlimited, ad-free streaming, free with Amazon Prime, according to the site. The company didn’t provide further information. Amazon’s head of digital music, Steve Boom, told Reuters that because the service is free with Prime, it offers more bang per buck than stand alone streaming services that can cost $10 a month. “If there area few tracks you want to buy, the cost of doing that in our store will be dramatically less than paying $120 a year for, frankly, a lot of music people don’t listen to,” Boom said in an interview with the news agency. The variety of music offered is expected to be wide but not deep, and wouldn’t include the newest hits given a six-month delay after albums are launched. One industry insider called the new service “playlist heavy.” Amazon hasn’t responded to requests for comment, but a number of industry sources confirm that deals are inked and the press releases have been written. Both Sony Music and Warner Music Group have signed deals to license their music — neither have commented — but Universal Music Group, the world’s largest music label, isn’t on board. There’s no question that Amazon is already a huge player in the music business, selling music downloads. But with Apple (AAPL) spending $3 billion to buy Beats and its efforts behind iTunes Radio, and Google (GOOG) with its Play Music Store in reported talks to buy music service Songza, Amazon is under pressure to do more. One source said that while Amazon’s launch of streaming music for prime is “certainly not a game changer, it’s a step in the right direction.” Labels and artists are particularly interested because the ‘Prime’ service is high visibility
Hot Internet Companies To Buy Right Now: Symantec Corporation(SYMC)
Symantec Corporation provides security, storage, and systems management solutions internationally. The company?s Consumer segment delivers Internet security, PC tune-up, and online backup solutions and services to individual users and home offices. Its Security and Compliance segment provides solutions for endpoint security and management, compliance, messaging management, data loss prevention, encryption, and authentication services to large, medium, and small-sized businesses, as well as offers solutions through its software-as-a-service (SaaS) security offerings. This segment?s products enable customers to secure, provision, and remotely manage their laptops, PCs, mobile devices, and servers. The company?s Storage and Server Management segment provides storage and server management, backup, archiving, and data protection solutions across heterogeneous storage and server platforms, as well as solutions delivered through its SaaS offerings to large, medium, and small-s iz ed businesses. Symantec?s Services segment offers implementation services and solutions, including consulting, business critical services, education, and managed security services. The company also provides various enterprise support offerings, such as annual maintenance support contracts, including content, upgrades, and technical support. It sells its products through its eCommerce platform, as well as through distributors, direct marketers, Internet-based resellers, system builders, ISPs, and retail locations worldwide. Symantec markets and sells its products through distributors, retailers, direct marketers, Internet-based resellers, original equipment manufacturers, system builders, and Internet service providers; and its e-commerce channels, as well as direct sales force, value-added and large account resellers, and system integrators. The company was founded in 1982 and is headquartered in Mountain View, California.
- [By Damian Illia]
California-based Symantec Corporation (SYMC) is a company that provides Internet security technology, with a wide range of application and software products of content security solutions and information back-up solutions such as firewall, virtual private network (VPN), virus protection, vulnerability management, intrusion detection and other services, offered to individuals and enterprises. Best known for Norton products which provide antivirus protection, identity protection and online backup, Symantec operates in more than 50 countries, and has recently realigned its business into three divisions: User Productivity & Protection, Information Security and Information Management.
- [By Anora Mahmudova]
Symantec Corp. (SYMC) slid 13% after the security-software maker fired Chief Executive Steve Bennett late Thursday and replaced him with board member Michael Brown.
- [By Jake L’Ecuyer]
Equities Trading DOWN
Shares of Symantec (NASDAQ: SYMC) were down 13.42 percent to $18.10 after the company fired President and Chief Executive Steve Bennett and appointed director Michael Brown as interim president and CEO. UBS downgraded the stock from Buy to Neutral and lowered the price target from $27.00 to $21.00.
- [By Jake L’Ecuyer]
Equities Trading DOWN
Shares of Symantec (NASDAQ: SYMC) were down 11.70 percent to $18.46 after the company fired President and Chief Executive Steve Bennett and appointed director Michael Brown as interim president and CEO. UBS downgraded the stock from Buy to Neutral and lowered the price target from $27.00 to $21.00.
Hot Internet Companies To Buy Right Now: Amazon.com Inc.(AMZN)
Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates retail Web sites, including amazon.com and amazon.ca. The company serves consumers through its retail Web sites and focuses on selection, price, and convenience. It also offers programs that enable sellers to sell their products on its Web sites, and their own branded Web sites. In addition, the company serves developer customers through Amazon Web Services, which provides access to technology infrastructure that developers can use to enable virtually various type of business. Further, it manufactures and sells the Kindle e-reader. Additionally, the company provides fulfillment; miscellaneous marketing and promotional agreements, such as online advertising; and co-branded credit cards. Amazon.com, Inc. was founded in 1994 and is headquartered in Seattle, Washington.
- [By Adam Levy]
Amazon.com (NASDAQ: AMZN ) is giving away over 1 million MP3s to every Prime subscriber.
The company unveiled its Prime Music service on Thursday. The on-demand streaming service is severely limited in its early stages, offering just 5% of the catalog of other streaming services like Spotify or Apple’s (NASDAQ: AAPL ) Beats Music. Additionally, Prime Music doesn’t offer an Internet radio feature like Pandora Media (NYSE: P ) .
- [By WWW.DAILYFINANCE.COM]
Diane Bondareff/Invision for Subway/AP There were plenty of winners and losers this week on Wall Street, with one restaurant chain improving its coffee and and another one suffering a data breach. Here’s a rundown of the week’s smartest moves and biggest blunders. Keurig Green Mountain (GMCR) — Winner If you’re craving a really fresh cup of coffee with your next $5 footlong, Subway has an answer. It’s teaming up with Keurig Green Mountain to outfit all of its nearly 30,000 sandwich shops in the U.S. and Canada with Keurig brewers to serve coffee in single-serve doses. Roughly half of Subway eateries already use Keurig brewers to make coffee to order, instead of brewing entire pots that may go unused. That Subway is adopting it chain-wide is a win for both companies, but Keurig Green Mountain will benefit more from the spike in coffee makers and K-Cup sales. P.F. Chang’s — Loser P.F. Chang’s is under the heat lamp after thousands of stolen credit and debit cards appeared on an underground marketplace for swiped plastic. Reports indicate that the one thing tying the cards together is that they had all been used at the casual Chinese chain between early March through mid-May. A new company webpage offers updates. Whether or not P.F. Chang’s is vindicated, the headlines are likely to keep some customers away from the growing restaurant chain that offers American tweaks to Chinese cuisine. I guess those diners wound up with a misfortune cookie at the end of their meals. Too soon? Then adding an Orange “You Glad You Didn’t Eat Here This Spring” Chicken entree to the menu is probably also out of the question. Amazon (AMZN) — Winner Amazon Prime — the popular loyalty shopping program with more than 20 million customers paying $99 a year — has added another free perk. Amazon is adding a digital catalog of 1.2 million music tracks for streaming. Prime Music has its limitations. Not all of the major labels aren’t on board, and those that are participating ar
- [By Ben Levisohn]
By now we’re all aware of the battle raging between Amazon.com (AMZN) and Hachette over the pricing of eBooks. While the consumer is certainly the loser as the two big corporations go head to head, there’s likely a winner from the battle royale as well–Barnes & Noble (BKS).
Maxim’s John Tinker and Kevin Rippey explain why Amazon.com’s standoff with Hachette Books is good news for Barnes & Noble:
Amazon’s standoff with suppliers is an opportunity for Barnes & Noble. Currently, Amazon.com is not accepting orders for titles from Hachette authors, including J.K. Rowling and Michael Connelly, following continued disputes on e-book pricing. In addition, they are not accepting preorders for key Warner Bros. (TWX – $68.92 – NR) titles, such as The Lego Movie, in a separate supplier dispute. The standoffs highlight Barnes & Noble’s value to publishers, as it remains the only alternative book outlet to Amazon.com, and is critical in both the sale and marketing of their books. It is worth noting that, this week, Hilary Clinton staged the launch of her book tour at Barnes & Noble’s Union Square store, although the former first lady and potential presidential candidate did not draw as many fans as the Jonas Brothers’ or Justin Beiber’s book signing appearances!
And there’s more to the bull case for Barnes & Noble than Amazon’s shenanigans, Earlier this month, Barnes & Noble reached a deal with Samsung to produce the Nook tablet, which should reduce losses in that area of the business–and allow Barnes to consider a spinoff of its college business.
Shares of Barnes & Noble have gained 0.6% to $20.17 at 12:16 p.m., while Amazon.com has dropped 1.9% to $328.90.
Hot Internet Companies To Buy Right Now: Yahoo! Inc.(YHOO)
Yahoo! Inc., together with its subsidiaries, operates as a digital media company that delivers personalized digital content and experiences through various devices worldwide. It offers online properties and services to users; and a range of marketing services to businesses. The company?s communications and communities offerings include Yahoo! Mail, Yahoo! Messenger, Yahoo! Groups, Yahoo! Answers, Flickr, and Connected TV, which provide a range of communication and social services to users and small businesses enabling users to organize into groups and share knowledge, common interests, and photos. Its search products comprise Yahoo! Search and Yahoo! Local, available free to users to navigate the Internet and discover content. The company?s marketplaces offerings and services include Yahoo! Shopping, Yahoo! Travel, Yahoo! Real Estate, Yahoo! Autos, and Yahoo! Small Business, which allow users to research specific topics, products, services, or areas of interest by review i ng and exchanging information, obtaining contact details, or considering offers from providers of goods, services, or parties with similar interests. Its media offerings comprise Yahoo! Homepage, Yahoo! News, Yahoo! Sports, Yahoo! Finance, My Yahoo!, Yahoo! Toolbar, Yahoo! Entertainment & Lifestyles, Yahoo! Contributor Network, and Yahoo! Pulse, which are designed to engage users with online content and services on the Web. The company also offers marketing services, such as display and search advertising, listing-based services, and commerce-based transactions to advertisers. In addition, it provides software and platform offerings for third-party developers, advertisers, and publishers, such as Yahoo! Developer Network, Yahoo! Open Strategy, Yahoo! Application Platform, Yahoo! Updates, Yahoo! Query Language, and Yahoo! Search BOSS. The company has strategic alliances with Nokia and ABC News, Inc. Yahoo! Inc. was founded in 1994 and is headquartered in Sunnyvale, Californi a.
- [By Rex Crum]
Other gains came from IBM Corp. (IBM) , Yahoo Inc. (YHOO) , Intel Corp. (INTC) and Microsoft Corp. (MSFT) .
- [By Vinay Singh]
Since 2012, Yahoo! (YHOO)’s share price has appreciated strongly, primarily due to the appointment of new CEO Marissa Mayer. The new user-centric approach used by the CEO is about developing customized products and services for its users. During the last few years, Yahoo! has consistently lost market share to competitors such as Google and AOL in several segments.
Hot Internet Companies To Buy Right Now: eBay Inc.(EBAY)
eBay Inc. provides online platforms, services, and tools to help individuals and merchants in online and mobile commerce and payments in the United States and internationally. Its Marketplaces segment operates ecommerce platform eBay.com; vertical shopping sites, such as StubHub, Fashion, Motors, and Half.com; and classifieds Websites, including Den Bl