Remember News Corp.’s Brilliant MySpace Buy?

Just as the valuation of Facebook crossed the $50 billion mark, its once great rival MySpace was revealing a different set of numbers: MySpace axed half its work force, some 500 jobs. MySpace’s owner, News Corp. may have had enough the social networking business. At Time’s parent, Time Warner, we know all about what happens when a …

It’s a Deal: $4 for an AMC Theatre Movie Ticket

Deal site Mamapedia is offering first-time customers the chance to buy an AMC Gold Experience Ticket—good for one adult admission at AMC theatres around the country, with no expiration date, valued up to $11—for just $4. Purchases must be made by January 13, and only one ticket can be purchased per household. Tickets will be mailed …

Pushing Fast Food Like Never Before

The beginning of the year is a tough time for the fast-food restaurant business, when there’s something of a post-holiday lull, if not a mini backlash. Overeating and overspending among consumers is common during the holidays—and so dieting, scaling back spending, and avoiding fast food is common in the period afterward. Or at least …

Is the iPhone bad for the American economy?

Burning Innovation (Bobby Yip/REUTERS)

I’ve always assumed that the future of the American economy relies on its continued edge in innovation. Well-designed, high-tech products from smart, creative companies, like the iPhone from Apple, would ensure that the U.S. could compete with and stay ahead of China and India. Of course, …

Will Massachusetts Mortgage Ruling Boost House Prices?

Many foreclosures sales are on hold (Robert Galbraith/REUTERS)

A number of market watchers and housing analysts are saying that a recent real estate ruling by the Massachusetts Supreme Court could be a big boon for the housing market. While the ruling may reduce the number of houses for sale for the next few months, it’s not clear

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