Facebook to try buy button

Facebook Inc. hopes its users are ready to buy directly on the social network. Facebook today announced it is testing a Buy button with a few small- and medium-sized U.S. businesses. The button will enable the social network’s desktop and mobile users to click the button on ads and page posts to purchase a product ...

companies, consumer advocates and citizens submit a 1 million comments to FCC

U.S. companies, consumer advocates and citizens submitted more than 1 million comments to the Federal Communications Commission, drawing contentious divisions on the issue of net neutrality as the first deadline to comment approached Friday. The FCC will continue collecting comments, made in response to these first submissions, until Sept. 10 as it weighs how best ...

JPMorgan Chase & Co, is backing away from making home loans

JPMorgan Chase & Co, the second-largest U.S. mortgage lender, is backing away from making home loans to less creditworthy borrowers after losing faith in its ability to recover much money from foreclosing on homes, even with government guarantees. The shift reflects a change in the way the bank views its mortgage business: where before it ...

Mylan buys Abbott specialty brands for structure tax inversion

Generic drugmaker Mylan Inc said on Monday it would buy Abbott Laboratories’ branded specialty and generics business in developed markets outside the United States in a $5.3 billion deal that will bolster its product line and also cut its tax bill. The deal gives Mylan a wide array of Abbott brands that have annual sales of almost ...

Stopping banks and payment processors

Seal of the United States Department of Justice (Photo credit: Wikipedia) The job of government, some people say, is to protect life and property and maintain the rule of law, period. But even that much government may be too much for the opponents of a Justice Department initiative known as Operation Choke Point. The idea behind Operation Choke ...

Roku beats Apple out in set-top boxes

If you don’t have a streaming media player by now, what are you waiting for? New figures from research firm Parks Associates suggest that 25 percent of all U.S. households will have a set-top box within two years. As for which one you might purchase, we’re willing to bet that you’re going to be looking at one ...

Amazon wants the ability to test drones

Amazon wants the ability to test drone delivery outside so the retailer can launch its Amazon Prime Air service as soon as it’s legally allowed to. Amazon.com Inc. doesn’t want to wait any longer for the Federal Aviation Administration to approve the commercial use of drones—small, unmanned aircraft. The e-retailer, the perennial leader of the ...

European Central Bank wants to give banks a health check

The European Central Bank wants to give banks just 48 hours to review the results of a balance sheet health check so it can guard against data leaks even though the banks would like more time. The ECB is carrying out the most detailed ever review of the euro zone’s 128 largest banks before it ...

Microsoft is once again tweaking its Office 365 plans.

Microsoft is once again tweaking its Office 365 plans. The software giant on Wednesday announced plans to launch three new Office 365 plans tailored for small and midsized businesses, or those ranging from 1 to approximately 250 employees. Here’s a breakdown of the new plans, which will go into effect Oct. 1. Office 365 Business ($8.25/user/month): Includes ...

Billionaire Carlos Slim is bowing to imminent antitrust legislation

Billionaire Carlos Slim is bowing to imminent antitrust legislation by planning a breakup of America Movil SAB (AMXL)’s phone operations in Mexico rather than risk profit-crushing restrictions if his company did nothing to curb its dominance. The shares soared. America Movil, the Americas’ largest operator with 272 million wireless subscribers, decided to divest some assets to an independent company, reducing ...