Finance Geek

iPhone users looking to ditch their monthly tether to Verizon, AT&T, or Sprint are in luck. It looks like Sprint’s Virgin Mobile will be the second carrier to offer the iPhone through a pay-as-you-go model.

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The New York man who claims half ownership of Facebook has churned through at least eight law firms in his two-year legal quest to assume a 50 percent stake in the social-networking site, according to court records. The latest dropouts of three firms, including at least five attorneys, were approved Tuesday by the Buffalo, New York judge presiding over the litigation.

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Hollywood-super agent Ari Emanuel is offering to be a peacemaker between Silicon Valley and Hollywood. Strange for a guy more used to spewing invective than holding hands.

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For the second-straight day, financial markets hung in limbo, awaiting word of some grand pronouncement out of Europe. And for the second straight day, there was a lot of talk but very little concrete action to address the crisis. The session featured an emergency conference call of G7 finance ministers. The U.S. Treasury, which chaired [...]

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Follow The Daily Ticker on Facebook! Fat has become an epidemic in America, with a staggering 30% of the population now classified as “obese.” Although there have been reports that obesity growth has tapered off, a new study predicts that, within 20 years, more than 40% of Americans will be dangerously overweight. The good news [...]

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Facebook already designs its own data centers, its own servers, and even its own storage hardware. But it may go even further. Frank Frankovsky, the ex-Dell man who oversees hardware design at Facebook, indicates that the company is at least exploring the idea of building a new breed of networking hardware.

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Follow The Daily Ticker on Facebook! Facebook (FB) just can’t catch a break. The stock price hit a new low Monday, closing down 30 percent from its IPO price to $26.90 a share. This latest decline came after research firm Sanford & Bernstein slapped a $25 price tag on the stock and changed its rating [...]

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2011 was not a particularly good year for financial stocks: 35 of the 50-largest financial company stocks fell last year, with the sector losing over 17% vs. a flat performance for the S&P 500. Yet even as the sector struggled, the average pay of finance company CEOs rose 20.4% last year, according to new analysis [...]

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