On Twitter, News Corps. Chief Rupert Murdoch confessed: "We screwed up in every way possible." He added the company learned a lot of valuable and expensive lessons from the purchase of the social networking site.
As Newt Gingrich campaigned in South Carolina yesterday, there were signs he was beginning to soften his critique of the private equity career of rival Mitt Romney. Gingrich had come under fire this week from fellow Republicans for his attack on Romney.
Across much of Colorado, Utah, Montana and northern California, the snowpack is at less than half the average. There are concerns the skimpy snowpack won't fill the reservoirs and rivers. Millions of people depend on melting snow for their drinking water and farms.
More than 3,100 companies flocked to the Consumer Electronics Show this year to hawk their wares. The show's host, the consumer Electronic Association, estimates roughly 20,000 products were launched at the show this year. And chances are good that many – maybe even most — will fail.
The show will close its doors Friday and there are lots of little companies and entrepreneurs packing up that may not make it back next year. Still, their hustle is infectious. And with luck, a few startups launched here this year could go on to become huge.
For almost 70 years, New York City has been home to two opera companies: the well-heeled Metropolitan Opera and its scrappy younger sibling, the New York City Opera. But City Opera has fallen on hard times, and a bitter labor dispute might mean curtains for this beloved institution.