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Report: Microsoft Close To Deal To Buy Maker Of “Minecraft”

Posted On September 10, 2014

(New York, NY) -- Microsoft is reportedly close to a deal to acquire the developer of the hit video game "Minecraft." The Vice President of Edelman Digital, Sam Kennedy, says a deal would be the biggest acquisition by Microsoft in the gaming world.   The "Wall Street Journal" reports that the two-billion dollar deal to…

Alibaba Has Enough Orders To Cover IPO

Posted On September 10, 2014

(Undated) -- Chinese e-commerce giant Alibaba reportedly has enough orders for its initial public offering to cover the whole deal within two days of launch. People familiar with the IPO process say Alibaba already has gotten orders that will cover the more than 21-billion dollars the launch is expected to raise. That would far surpass…

Majority Are Sour On Economic Recovery

Posted On September 09, 2014

(Undated) -- Six years after the beginning the Great Recession people around the world are glum about economic recovery. A survey of 44 nations shows 69-percent of people say their own country's economy is headed in the wrong direction. The survey was released Tuesday by the Pew Research Center.

Stocks Lower In Final Closing Numbers

Posted On September 09, 2014

(Undated) -- The Dow Jones Industrial Average closed with a loss of 97 points Tuesday to 17-013. The S&P 500 lost 13 points to 19-88 while the Nasdaq dropped 40 points to 45-52. Shares of Home Depot fell more than two-percent after the announcement of the company's security breach. Apple saw a sharp bounce before closing…

Napa Officials: Wine Industry Quake Loss To Top $80 Million

Posted On September 09, 2014

(Napa, CA) -- City officials in Napa, California estimate the valley's wine industry loss from the August 24th earthquake will exceed 80-million dollars. The Napa County Board of Supervisors says they'll receive an assessment today from the Silicon Valley Bank Wine Division. City officials say the 80-million dollar estimate will likely rise as more damage…