MediaSteed Latest News Articles

Bloomberg Talks Budget Today

Michael W. — Thu, 06 May 2010 14:43:33 +0000

Today, Mayor Bloomberg plans to introduce New York City’s budget plan for the next fiscal year. Previously, the Mayor was considering slashing police officers and teachers to close the budget gap. However, due to recent events involving terrorism plots, specifically the times square bomb, the plans will probably change. Last night, Bloomberg’s spokesman Stu [...]

Warren Buffett Explains Goldman Sachs

Michael W. — Thu, 06 May 2010 03:27:17 +0000

Warren Buffett believes that there was nothing illegal about Goldman’s actions when handling Abacus. He believes that if due diligence was really done, there would be no reason for this investigation or frivolous lawsuits because you would never have invested in the fund. Many investors support Buffett’s thinking not only because it makes [...]

Times Square Suspect Charged

Michael W. — Thu, 06 May 2010 03:11:05 +0000

A Pakistani-born man believed to be responsible for the attempted car bomb attack in Times Square was seized from a jet yesterday seconds before it took off from New York for the Middle East, despite having been placed on a “no-fly” list hours before his arrest. The DoHS (Department of Homeland Security) secretary Janet Napolitano [...]

Russian Oil Tanker Hijacked

Michael W. — Wed, 05 May 2010 21:41:19 +0000

Last night, Somali pirates hijacked a Russian oil tanker 550 miles off their country’s coast. The attack on the 106,000 ton tanker, name Moscow University, prompted Russian officials to send a warship to pursue the pirates and hopefully recover the lost oil. The Russian vessel’s records indicate it was carrying 23 crew members [...]

Phillies Fan Tasered

Collin C. — Wed, 05 May 2010 21:10:38 +0000

During the Phillies vs. Cardinals game on Monday night in Philadelphia, a crazed fan ran onto the field during the middle of the game. Questions arose after police had to use a taser to subdue the man. Police officials in Philadelphia are now considering whether officers should get involved when unruly, but non-threatening, [...]

Facebook Chat Bug

Michael W. — Wed, 05 May 2010 20:56:55 +0000

An article on TechCrunch revealed that Facebook users recently encountered a bug that allowed them to see their friends private chat messages. When the social networking site became aware of the issue, they immediately disabled all it’s instant-messaging services. The vulnerability only existed “for a limited amount of time,” the company said. They also [...]

New Arizona Immigration Law

Michael W. — Wed, 28 Apr 2010 22:09:51 +0000

The state of Arizona has stirred up a lot of controversy this week about immigration law. Their Republican Governor, Jan Brewer, signed into law, legislation allowing police to arrest anyone believed to be an illegal immigrant. President Obama as well as Mexico’s President Calderon, were very upset about the actions the state has [...]

HP Buys Palm For $1.2 Billion

Michael W. — Wed, 28 Apr 2010 21:27:27 +0000

Earlier today, HP (NYSE: HPQ) announced that it will purchase Palm, Inc. (NASDAQ: PALM) for $1.2 billion. Palm, a provider of smartphones powered by the Palm WebOS mobile operating system, closed at $4.63 today. However, the stock price has jumped up well over 25% in after hours trading, pushing the stock price to [...]

Oil Rig Explosion Leads to Spill

Michael W. — Tue, 27 Apr 2010 07:25:10 +0000

Last week, the Deepwater Horizon oil rig had a fatal accident, which caused the drilling platform to explode in the Gulf of Mexico. The only tragedy though to have come from this, were the deaths of the missing personnel. However, they did not see the environmental impacts of this explosion until now. It has [...]

Verizon Nexus One Cancelled

Michael W. — Tue, 27 Apr 2010 06:52:40 +0000

Yesterday, Google announced that it has cancelled its Nexus One smartphone for use on Verizon’s CDMA network. Google updated its official Nexus One blog to recommend users instead pre-order the new Droid Incredible from HTC, set to be released on April 29th. Previously, users who went to the official Nexus One site seeking [...]