The international investigation into bribery, fraud and corruption at FIFA involved some surprising American names: The Miami chairman of a popular nationwide soccer league, and a major U.S. sportswear firm some believe could be Nike.
For more than two decades, the Justice Department said Wednesday, five "unscrupulous" U.S. and South American sports and banking executives helped funnel more than $150 million in bribes to officials atop FIFA, the multibillion-dollar goliath governing the world's most popular sport. - Referenced Article
A U.S. judge ordered Yahoo Inc to face a nationwide class-action lawsuit accusing it of illegally intercepting the content of emails sent to Yahoo Mail subscribers from non-Yahoo Mail accounts, and using the information to boost advertising revenue.
In a decision late Tuesday night, U.S. District Judge Lucy Koh in San Jose, California said people who sent emails to or received emails from Yahoo Mail subscribers since Oct. 2, 2011 may sue as a group under the federal Stored Communications Act for alleged privacy violations. - Referenced Article
Philly.com By : Jeff Kearns, Jeanna Smialek and Craig Torres
A first-quarter economic chill won't deter the Federal Reserve from its plan to raise interest rates this year, chair Janet Yellen said, assuring investors the pace of subsequent tightening would be gradual.
Although the labor market is nearing full strength, "we are not there yet," she said Friday in a speech in Providence, R.I., emphasizing that the Fed would proceed cautiously. - Referenced Article
The long-rumored morphing of Google Shopping into a marketplace that could compete head-on with the likes of Amazon and Ebay appears to be getting closer. “Buy” buttons could start appearing on select Google mobile search ads in a matter of weeks.
The Wall Street Journal cited anonymous sources saying Macy’s is among the retailers in discussions with Google to join the launch. - Referenced Article
In May of 2010, investors were not showing a great deal of faith in Tim Armstrong and his new plans for AOL as the company once again operated as an independent company, spun off from Time Warner and one of the worst mergers in corporate history.
As AOL’s stock was falling and changing hands for just under $22, Armstrong, AOL’s CEO, decided to put some money where his mouth was, purchasing more than $11 million of AOL stock. - Referenced Article
Twitter has announced policy changes that the company hopes will limit abuse on its social network.
Twitter has updated its policy pertaining to violent threats to include "promot[ing] violence against others." Previously, the policy banned tweets that were limited to "direct, specific threats of violence against others." - Referenced Article
"What's not quantifiable is the instantaneous brand elevation that occurred," O'Connor told USA TODAY Sports. "The apparel they had on him is mainstream apparel, and it's a whole new marketing and sales platform available to the general public.
"People are saying, 'I want to be like Jordan,' only this time it's not Mike. Under Armour has capitalized on that beautifully." - Referenced Article
Twitter is testing yet another interesting new feature; some brands are now able to pin their apps directly to their Twitter profiles in its iPhone app.
The change was spotted by a tipster on profiles of some verified business accounts including Periscope, Vine and Uber. It now prominently shows the company’s app, its rating on the App Store and a button to download or open it if it’s already installed. - Referenced Article