Gas price drops 11.1 cents in one week
The U.S. average price for gasoline fell 11.1 cents over the past week to $3.85 a gallon, as cheaper crude oil saved drivers money at the pump, the Energy Department said Monday.
The national gasoline price is still $1.06 higher than a year ago, based on the department’s weekly survey of service stations.
Sony to report $3.2 billion annual loss
TOKYO — Sony Corp. is expecting an annual loss of $3.2 billion, reversing its earlier projection of a return to profit, as the electronics giant struggles with production disruptions from Japan’s tsunami.
The Japanese maker of PlayStation 3 video game machines and Bravia flat-panel TVs said Monday that the projection of a $3.2 billion ( in U.S. dollars) net loss for the fiscal year ended March 2011 was largely due to writing off $4.4 billion related to a tax credit booked in a previous quarter.
NEW YORK — IBM surged past old rival Microsoft Corp. in market value for the first time since April 1996, marking the latest twist in the fluctuating fortunes of two of the world’s most storied technology companies.
Bill Gates parlayed that breakthrough into industry dominance, proving his theory that software would be more valuable than hardware, so that by the end of 1999 Microsoft’s market value was three times that of IBM‘s.View Entire Story
By Andrew P. Napolitano
The president's men trash the Constitution to pursue antagonists
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