Ballmer Steps Down From Microsoft Board

Posted On August 19, 2014

(Washington, DC) -- Former Microsoft CEO Steve Ballmer is stepping down from the company's board as he turns his attention to owning the LA Clippers. In a letter to Microsoft's current CEO, Ballmer said he has become very busy in the six months since he retired from the top position in the company. He wrote…

Stocks Rise After Data On Housing Starts

Posted On August 19, 2014

(New York, NY) -- It's another day of gains on Wall Street. Investors reacted to a report showing strong housing starts in July. Apple stock is in triple-digit territory for the first time since its seven-to-one stock split in June. The Dow Jones Industrial Average gained 81 points to 16-920. The Nasdaq climbed 19 points…

Uber Hires Former Obama Campaign Mastermind

Posted On August 19, 2014

(Undated) -- David Plouffe is now working for Uber. The former campaign strategist who helped President Obama win the Democratic nomination for the presidency over Hillary Clinton and then claim victory in the 2008 general election has been hired to help Uber build its brand. Plouffe's political clout and campaigning experience have been cited by…

July Housing Starts Show Big Improvement

Posted On August 19, 2014

(Undated) -- The latest housing starts figures show a big improvement over the two previous months. July's figures come in at an annualized rate of nearly one-point-one million units. That's a solid gain over June's rate of 945-thousand. The near one-point-one million rate is also higher than the consensus forecast of economists ahead of today's…

July Consumer Price Index Up One-Tenth

Posted On August 19, 2014

(Undated) -- Consumer prices are up slightly. This morning's consumer price index shows a one tenth of a percent increase in inflation for July. The one-tenth monthly increase is the same for both the overall index and the measurement excluding the more volatile food and energy costs.