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Current Events Articles

Eminem's publisher sues Facebook over song usage

From AZ Central

DETROIT -- Eminem's song publisher is suing Facebook and an ad agency in Detroit federal court, saying they appropriated one of the rapper's songs. In the complaint Monday, Ferndale, Mich.-based Eight Mile Style says a Facebook ad broadcast online last month copied music from Eminem's 2000 song "Under the Influence." ... Quick Read

Best Buy reports 1Q loss on restructuring costs

From AZ Central

MINNEAPOLIS -- Best Buy Co. on Tuesday reported a loss in its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores. Its adjusted earnings beat Wall Street expectations, but revenue fell short as the company faced tough pricing competition during the quarter. Its shares fell in premarket trading. ... Quick Read

US futures fall as markets await hints from Fed

From AZ Central

NEW YORK -- U.S. stock futures are down in light trading ahead of an appearance this week by Fed Chairman Ben Bernanke before Congress. Wall Street will also be keeping an eye on J.P. Morgan's annual meeting, where shareholders will vote whether to split the CEO and chairman positions held by Jamie Dimon. ... Quick Read

Dick's Sporting Goods 1Q net income, revenue up

From AZ Central

PITTSBURGH -- Dick's Sporting Goods said Tuesday that its net income rose 13 percent in the first quarter as revenue edged up and some expenses declined. Revenue was shy of analysts' estimates and a key revenue metric slipped in the quarter. Shares fell in premarket trading. ... Quick Read

Microsoft expected to reveal next-generation Xbox

From AZ Central

REMOND, Wash. -- Will Xbox mark the spot once again for Microsoft? The company is set to reveal the next generation of its Xbox entertainment console during a presentation Tuesday at its headquarters in Redmond, Wash. ... Quick Read

Small banks gain edge, but also a share of burdens

From AZ Central

WILMINGTON, Del. -- For decades, Wilmington Trust reigned as king of community banks in Delaware. A few years after the financial crisis, after bad real estate development loans and soured mortgage securities plays soured its balance sheet, Wilmington Trust folded into the growing footprint of Buffalo, N.Y.-based M&T Bank. ... Quick Read

Ang Lee Exits FX Pilot Tyrant

From nymag

Two months after boarding the FX drama pilot Tyrant, Ang Lee has bowed out. "It is one of the most brilliant ideas for a series that I?ve seen and one about which I was very excited," the two-time Oscar winner said. "However, after spending over four years making and promoting Life of ... More » ... Quick Read

At least 51 dead in massive Oklahoma City tornado

From Philadelphia Inquire

A monstrous tornado at least a half-mile wide roared through the Oklahoma City suburbs Monday, flattening entire neighborhoods and destroying an elementary school with a direct blow as children and teachers huddled against winds up to 200 mph. At least 51 people were killed, including 20 children. The death toll was expected to rise. ... Quick Read

Style Notes: T-Shirts Trigger New Lawsuits for Rihanna, Lamar Odom

From hollywoodreporter

Your Tuesday water cooler fodder starts here. read more ... Quick Read

Ferragamo Fetes 35 Years of the Vara Shoe with Minnie Mortimer Portrait (Exclusive)

From hollywoodreporter

The L.A. socialite/fashion designer ? married to screenwriter Stephen Gaghan ? joins Lake Bell and Olivia Palermo in the Italian brand's "Icona" portrait series. read more ... Quick Read

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Luxury Guide

Eminem's publisher sues Facebook over song usage

Best Buy reports 1Q loss on restructuring costs

US futures fall as markets await hints from Fed

Dick's Sporting Goods 1Q net income, revenue up

Microsoft expected to reveal next-generation Xbox

Small banks gain edge, but also a share of burdens

Ang Lee Exits FX Pilot Tyrant

At least 51 dead in massive Oklahoma City tornado

Style Notes: T-Shirts Trigger New Lawsuits for Rihanna, Lamar Odom

Ferragamo Fetes 35 Years of the Vara Shoe with Minnie Mortimer Portrait (Exclusive)

THINGS WE LIKE

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