According to a report in Reuters, the Justice Department is reportedly looking into antitrust implications of Yahoo's decision to outsource some of its online ads to Google. As we reported a couple of weeks ago, Yahoo tested about 3% of its traffic by having Google serve up ads, instead of its own system. According to the report The Justice Department is concerned that a two-week test run … [Read more...]

With crude oil prices at $118 a barrel, (hitting $119.90 on tuesday), the question now is not if gas will hit $4 a gallon, but when will it hit $5. The Fed must share blame for the spike in all commodity prices, since cutting its key federal funds rate to 2.25% from 5.25% starting back in September 2007. At that time Oil was trading at $70 a barrel. Each fed fund rate cut weakens the … [Read more...]

An advertiser sued Google in federal court Tuesday claiming the company deceived him and charged for ads displayed on third party Web sites, even though he left blank an "optional" box that seemed to address the issue. The lawsuit accuses Google of defrauding advertisers out of millions of dollars collectively by "redefining the universally understood meaning of an input form left … [Read more...]

Yale University economist Robert Shiller who long ago predicted the housing market bubble, said today that the slump in the U.S. housing market could cause prices to fall more than they did in the Great Depression "there’s a good chance housing prices will fall further than the 30 percent drop in the historic depression of the 1930s. Home prices nationwide already have dropped 15 percent since … [Read more...]

The Domain Round Table Auction will be held today starting at 2pm EST. 352 domains will be auctioned off and live remote bidding is avaliable. You do need to set up an account at domain tools to bid, so if your planning to do so, do it now. I look for somewhere between 2-3 million in sales. There are domain as low as $100 and Holiday.com is high reserve name just under $6.5 Million … [Read more...]

Having spend a few days in Paradise Island, in the Bahamas, it seems the economy is not a problem everywhere. In the Marina by the Atlantis hotel, there are no less than 20 mega yachts docked (yachts over 100 Ft). Actually there is only one vacant space in the whole complex for such a yacht, so if your interested better get over there soon. Down the road in the Ocean Club estates, the … [Read more...]

As we reported last night, Google 1st Quarter earning were a blockbuster and the stock price has rocketed up over $87 a share to $536 early trading. The stock is still way off its high of $750 last fall, but had fallen to $420 in recent weeks Bidu is following suit up $24. … [Read more...]