NewsTrust - All Rated Stories

Number of banks on problem list tops 700 - Feb. 23, 2010

Tue, 23 Feb 2010 00:00:00 -0800

CNN - By David Ellis - Feb. 23 (News) - More than 700 banks, or nearly one out of every 11, are at risk of going under, according to a government report published Tuesday.

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Michigan unemployment tops 15%

Fri, 17 Jul 2009 00:00:00 -0700

Business 2.0 - By Ben Rooney - Jul. 17 (Breaking News) - Michigan became the first state in 25 years to suffer an unemployment rate exceeding 15%, according to a report released Friday by the government. The state's unemployment rate rose to 15.2% in June. It was the highest of any state since March 1984, when West Virginia's unemployment rate exceeded 15%. Friday's report from the U.S. Labor Department also showed that unemployment topped 10% in 14 other states and the District of Columbia.

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When bad banks buy worse banks

Mon, 09 Feb 2009 00:00:00 -0800

Business 2.0 - By Paul R. La Monica - Feb. 09 (Comment) - Nine banks have failed so far this year. That's not good news, particularly since 25 failed last year. Fortunately, customers of these banks have had little to worry about. In most cases, the FDIC immediately found a buyer for the failed banks, so depositors simply found a new name on their bank the Monday after the takeover. What's more, the FDIC now insures up to $250,000 in individual accounts. But none of that means everything is A-OK. In several cases, failed banks have been taken over by banks that are also struggling.

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Green power

Wed, 26 Sep 2007 09:41:57 -0700

Business 2.0 - By Katherine Ellison - Sep. 26 (Special Report) - This energy company has risen from bankruptcy to become one of the planet's most prestigious - and profitable - brokers in green power. Wrapped in the mantle of environmentalism and touting the virtues of saving kilowatts, planting trees, and driving electric cars, the 155-year-old, $12.5 billion behemoth these days is acting less like a robber baron than a Silicon Valley venture capitalist.

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Burning Man grows up

Sun, 01 Jul 2007 01:27:46 -0700

Business 2.0 - By Chris Taylor - Jul. 01 (Special Report) - Marian Goodell, 44, is a no-nonsense blond with a voice that sounds like it's barking orders out of a walkie-talkie. She's a veteran of seven industries, including law, advertising, software development, and Department of Defense contract work. Today she's seated at a large, polished conference table with an antique gavel, taking inventory of her current endeavor. "We rent buildings, trucks, light towers, cranes, boom lifts, Bobcats, forklifts," she says. "We've got four properties in Nevada, totaling more than 200 acres. And three full-time people in accounting managing a budget of $10 million." The organizers: Harvey and Goodell believe the suits and burners can peacefully coexist. The artist: Chicken John's Cafe Racer, which runs on coffee grounds, is one of this year's green-energy creations. More from Business 2.0 Live blogging from the Apple Store Burning Man grows up Hotels pile on the perks Fastest Growing Tech Companies Current Issue Subscribe to Business 2.0 It sounds like a modestly successful construction company in Las Vegas or Reno. But then you look out the door and see a psychedelic caterpillar perched atop a giant mushroom. Where Good-ell works is, in fact, the global headquarters of Burning Man. Yes, that Burning Man, America's premier counterculture festival, the one that makes headlines every Labor Day. But while most of us were looking at the pictures of people in body paint, Burning Man did something it wasn't supposed to do. It grew up. It became a sustainable business. How it did that says a lot about both the Silicon Valley culture that helped spawn it and where that culture is heading.

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Free music downloads, lawsuit not included

Mon, 23 Apr 2007 10:45:19 -0700

Business 2.0 - By Michael Myser - Apr. 23 (News Report) - The next user to download a song from a peer-to-peer file-sharing service like LimeWire could be in for a surprise. Not a recording industry lawsuit, but a pop-up asking him to look at an ad--either text or video--in return for a free and legal copy of the music. For that, the record labels, which have been trying to monetize illegally traded music for years, can thank a three-year-old company called Intent MediaWorks. Intent has figured out how to embed pop-ups in music and video files unobtrusively, and the company claims that 60 percent of users are willing to endure the resulting pop-up ads.

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Powercast's technology cuts the electric cord - April 1, 2007

Sun, 01 Apr 2007 08:16:51 -0700

Business 2.0 - By Melanie Haiken - Apr. 01 (Special Report) - A Pennsylvania entrepreneur has developed technology that gives you all the battery juice you need directly from the air.

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5 Internet startups building the TV networks of tomorrow

Fri, 23 Feb 2007 08:27:50 -0800

Business 2.0 - By Erick Schonfeld - Feb. 23 (News Report) - Wayne's World, it's not. The Web TV series Diggnation draws hundreds of thousands of viewers. It has Fortune 500 corporate sponsors, and its two young stars are among the brightest in the tech firmament. Still, the production values are more in line with Wayne and Garth than they are with, say, The Daily Show ... "Hello, and welcome to Diggnation, episode No. 80! I'm Kevin Rose!" "And I'm Alex Albrecht! Diggnation covers some of the hottest user-submitted stories on the social news website Digg.com!!" Building the next YouTube? And with that lead-in, a packed trade-show audience of more than 700, peering up at the makeshift stage, cheers wildly for the start of the main act: Digg's 30-year-old founder Rose and his spike-haired sidekick Albrecht, slouched on a couch, sipping beers, and staring down at laptops between their knees. A lone videocamera records the action. "Should we go right into it?" Albrecht asks. By "it," he doesn't mean the arrival of some star guest, comedian, or musical act. What we have here is TV by and for geeks - entertainment aimed directly at gadget-loving, commercial-skipping 18- to 34-year-old males who spend more time on the Web than in front of a TV. YouTube, with its 40 million viewers per month, has already proved the mass appeal of video streamed over the Web. But two-minute clips of lip-syncing teenagers are just the start. Full-length serialized shows are popping up everywhere online, with advertisers in tow, led by shows like Diggnation.

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Inside the $37 billion prison economy

Wed, 06 Dec 2006 05:05:00 -0800

Business 2.0 - By Michael Myser - Dec. 06 (Special Report) - Brian Prins is an affable salesman who touts the benefits of his prepaid collect-calling service in a distinct Long Island accent. He's also an ex-con who served five years in a Pennsylvania state prison for aggravated assault and possession of stolen car parts, so when he explains that he's simply helping families stay in touch, stay together, and stay out of debt, you might want to listen.

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