Inventor of the TV remote dies aged 96
23 May 2012 | by Michael Northcott
Stat of the day: $150. The cost of buying the first TV fitted with Eugene Polley's invention, the remote control.
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Ben and Jerry co-founder: profits and sustainability do mix
23 May 2012 | by Elizabeth Anderson
Jerry Greenfield tells MT that entrepreneurs should be socially responsible to be successful.
Facebook no longer '800-pound gorilla'
23 May 2012
Quote of the day: 'I guess that the 800-pound gorilla has gone on a diet'. Scott Sweet, senior managing partner of research firm IPO Boutique, who bought Facebook shares on Friday, says the massive share sell-off since renews questions about Facebook's lofty-$93bn market capitalization.
Users upload 72 hours of video to YouTube every minute
21 May 2012 | by Michael Northcott
Stat of the day: 72 hours. On the seventh anniversary of its launch, video-sharing website YouTube reveals that users upload three days worth of footage every minute.
Waterstone's includes Amazon Kindle in digital strategy
21 May 2012 | by Michael Northcott
Quote of the day: 'People in publishing believe that books are recession-proof, but that's simply not true.' James Daunt, managing director of book chain Waterstones, explains his controversial move to stock Kindle e-readers and digital books. The move marks a complete turnaround in the chain's strategy,...
Facebook floats at $116bn valuation
18 May 2012 | by Michael Northcott
Mark Zuckerberg's social networking behemoth is finally publicly trading, and in its opening minutes secured a $116bn valuation.
Swanky London nightclub, Public, closed after neighbours' complaints
17 May 2012 | by Michael Northcott
Quote of the day: 'They are anti-public school people, they are anti-royal and they are just against anything they see as a bunch of toffs partying.' Howard Spooner, a co-owner of West End nightclub, Public, has hit out at neighbours after their lawsuit forced him to shut down the venue. They complained...
British Cheese Board to sniff out Cheddar anthem
11 May 2012 | by Michael Northcott
Britain's most popular cheese will soon have its own anthem, after the BCB launched a competition looking for lyrics.
BrewDog founder lambasts Diageo awards 'bullying'
10 May 2012 | by Michael Northcott
Quote of the day: 'This is clear evidence of the dirty tricks used by global corporations to derail young competitors they fear.' James Watt, founder of independent brewery BrewDog, attacks drinks manufacturing giant Diageo after its representative threatened to pull its sponsorship of the British Institute...
Munch's 'The Scream' bought for $122m
03 May 2012 | by Michael Northcott
Stat of the day: $122m. That's how much Edvard Munch's famous piece sold for at Sotheby's action house.
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