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Preview Publish for date 2014-07-24

Date:
Technology News:
Company News:
Video: Facebook Goes Express To Mega-cap Status - Now Valued More Than AT&T, Coke
In the days after its infamously mishandled initial public offering in May 2012, it looked as if Facebook would struggle to become a must-own for fund managers. Now the company's $190 billion market value makes it bigger than such bellwethers as Coca-Cola and AT&T. It's not a member of the Dow industrials, but if it were, it would be larger than two-thirds of that index's 30 members. Shares in the world's No. 1 social network touched a record high of $76.74 on Thursday after earnings and revenues easily topped analysts' forecasts, boosting its market value to nearly $194 billion.



Video: Appealing To Women, Social Fitness App PumpUp Raises $2.4M Led By General Catalyst
You would think that combining a health and fitness app with social networking features had kinda been done for a while. PumpUp, a social fitness app (on iOS/Android) says it has found a sweet spot in this area by appealing in particular to women via allowing them to post photos of their progress, thus creating a highly focused, supportive social community. The company is now closed a $2.4 million seed round led by General Catalyst Partners.

Video: Hershey Warns Of Sticker Shock From Chocolate Price Hike
Hershey Co, one of the world's best known names in chocolate, expects its first price hike in three years to crimp short term sales, but over the long haul, the company's chief executive said on Thursday, the popularity of chocolate will prevail. President and CEO John Bilbrey said the 120-year-old maker of Hershey Kisses and Reese's Peanut Butter Cups will be particularly alert to any reduction in sales caused by the increase, which averaged 8 percent, among low income consumers.

Video: Hershey Warns Of Sticker Shock From Chocolate Price Hike
Hershey's chief executive said on Thursday that the company expects its first price hike in three years to crimp short term sales, but over the long haul the popularity of chocolate will prevail. Hershey announced its price increase on July 15, saying it was in response to soaring cocoa and dairy prices. The hike comes at a critical time for candy makers, as some of the world's best known brands are fighting for U.S. consumers in a shrinking market.

Video: Wreckage Of Missing Air Algerie Plane Found
An Air Algerie plane carrying 119 passengers that went missing mid-flight earlier this morning is believed to have crashed in Mali. The airline company has reportedly tweeted that the wreckage has been discovered in Tilemsi, "70km from Gao." Air traffic control lost all contact with the plane shortly after it took off from Burkina Faso’s capital city, Ouagadougou. The plane was headed due north to Algiers, a trip that should have taken around four hours. Weather reports show a severe storm passed through the area of the flight path. Some believe pilots tried to divert the plane in order to get around the turbulence. Airport officials are also reporting that Mariela Castro, the daughter of Cuban president Raul Castro, was among the passengers on the plane.



Hands on with Mozilla`s Firefox OS for phones
Mozilla wants to democratize the smartphone market with Firefox OS, which is designed to run on low-cost smartphones and will come to the develop Read More
 
NBCNews `Best of CES`
Visit NBCNews.com for breaking news , world news , and news about the economy Read More
 
Why Your Next Laptop Won`t Be Just a Laptop
A look at the newest hybrid laptop /tablets from the annual Consumer Electronics Show in Las Vegas.   Read More
 
TVs, Touchscreens & Forks at CES
Visit NBCNews.com for breaking news , world news , and news about the economy Read More
 
Robonaut Operates Task Board in Space
Photo Credit: NASA In the International Space Station's Destiny laboratory, Robonaut 2 is pictured on Jan. 2, du Read More
 


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