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Following reports that ZeekRewards.com and Zeekler.com were shuttered by the SEC after being declared a Ponzi scheme, over 13,000 users and Zeek affiliates have flocked to an online petition to defend the company from charges against its founder Paul Burks and his company Rex Venture Group.
A class-action lawsuit was filed Wednesday against Rex Venture Group, ZeekRewards and the company's founder and CEO Paul Burks.
Vestas Wind Systems A/S, the western Denmark-based energy company and the world's largest maker of wind turbines, announced Wednesday that it is letting go of 1,400 workers -- a 7 percent cut of its entire workforce.
Royal Dutch Shell announced plans to spend at least $1 billion a year exploiting China's supply of shale gas, Reuters reported. The news came from the energy firm's head executive in China, Lim Haw Kuang, who responded to Reuters' questions about the alleged $1 billion-a-year plan to invest in the potentially vast natural gas trove.
Electronic Arts Inc. (Nasdaq: EA) has removed a controversial promotion from the website for its upcoming military shooter "Medal of Honor: Warfighter" video game to sell branded weapons to the general public.
David Sacks took to Facebook to air his grievances about the state of the revered San Franciso Bay area long assumed to be the centerpiece for innovation within the tech industry, giving a gloomy prediction of the tech industry's future shortly after selling his own company to Microsoft.
Gold prices continued to decline this week, dragging even lower due to unusually weak demand from China and India -- the two largest gold consumers -- that has extended for several months.
Amid the continuing foreclosure crisis, some young people are taking to social media to redirect their frustration and coordinate larger acts of vandalism against abandoned properties.
Electronic Arts is "quietly exploring" opportunities for it to be sold to private equity firms, according to a New York Post report. Coming amid weak financial results for EA, the report casts doubt on the company's ability to transition into digital publishing effectively.
Sony Corp. is doing its best to maintain Playstation 3 and Playstation Vita performance in the lead-up to next year's anticipated launch of its next-generation console by cutting costs and introducing a wide range of new intellectual property for the rapidly aging devices.
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