Another week, another Mid-Week Market Rag. Wednesday, August 30, 2006. America’s largest phone company, AT&T disclosed a cyber break-in Tuesday which resulted in hackers stealing the personal information of nearly 20,000 customers, according to the Wall Street Journal. AT&T claims to have a forensic team looking into the case and a full investigation is under [...]
The week is half over already. This is the Mid-Week Market Rag for Wednesday, August 23, 2006. An effort has been made not to make this a weekly Dell/AOL problems column. However, Dell makes the cut again today as image problems continue for the direct-sales computer manufacturer. The Wall Street Journal reported Tuesday that institutional [...]
We’re half way through the week. This is your Mid-Week Market Rag from PRrag.com. Microsoft unveiled plans to allow the world to create their own Xbox 360 games. XNA Game Studio Express will launch a beta on August 30 and become widely available in the fall. The premise is to allow basically anyone to create [...]
BP shut down the largest oil field in the United States Sunday, amidst suspected pipeline corrosion that caused a leak in the Prudhoe Bay oilfield in Alaska. The shutdown occurred at 6:30 a.m. Sunday, but BP did not release a statement (and the story did not hit the major news outlets) until today. This latest [...]
This is the first in what will be a weekly series of financial news and how public relations and crisis play a role in stock prices. Special thanks to Yahoo! Finance for the financial data. The Wall Street Journal, Washington Post and other news sources are reporting a major legal setback for chipmaker Rambus. Rambus, [...]
In a $5.4 billion deal, Advanced Micro Devices, (AMD), announced today plans to acquire graphics giant, ATI Technologies. The deal, a mixture of cash and stock purchases, will immediately have a major impact on the semiconductor industry. AMD is already saying that the deal will create a “processing powerhouse,” said a press release today. The [...]
A blogger named Vincent Ferrari made an experiment out of trying to cancel an AOL account. Have a listen. The AOL employee was allegedly fired for this incident. This is a huge corporation making a public relations blunder and underscores the importance of PR officials working at the root levels of a company. They don’t [...]
CNNMoney’s Jonathan Schienberg is reporting that AT&T has made a change to their privacy policy. A phrase saying AT&T “does not access, read, upload or store data contained in or derived from private files without the members’ authorization” was removed. Also in the revision, AT&T claimed that it has the obligation to cooperate with government [...]
Microsoft Corporation has announced that Bill Gates will leave his day-to-day role in the company. The departure, occurring in a two-year phase out, will result in a step up for Chief Technical Officer Ray Ozzie, who will become chief software architect. Microsoft reported that Ozzie will work very closely with Gates to ensure that the [...]