Browsing Category: "NEWS"

1 Million Dollar Parking Space: New York City’s First $1M Parking Space on Sale

Monday, May 21st, 2012 | BUSINESS, NEWS, World with No Comments »

A $1 million dollar parking space will be opening soon in New York City, at 66 E. 11th Street. The first million dollar parking space in NYC is about 12 feet by 23 feet, which is enough for one car.

1 million dollar parking space in New York City
1 Million Dollar Parking Space in New York City will be available in this location.
Image Credit:

According to the realtor of the first million dollar parking space in NYC, “It’s for someone who wants complete privacy,” and “a curb cut at the street” and a private entrance into the building.

The million dollar parking space will need a “car elevator” to accommodate more cars in the area.

Reports say that a six luxury condominium will rise near the one million dollar parking space.

$12,000 melons: Yubari King melons Sold in Japan Auction (Photo)

Sunday, May 20th, 2012 | BUSINESS, NEWS, World with No Comments »
$12,000 melons Yubari King

$12,000 melons: Yubari King melons
Image Credit: Wikipedia

A box of $12,000 melons, Yubari King melons, was sold at an auction in Japan. The $12,000 Japanese melons were reportedly sold for one million yen or $12,500.

The growing popularity of the $12,000 melons was evident at Hirt’s, a seller at Amazon is reportedly selling 10 “RARE Yubari King Melon” seeds for $1.95. Some customers however were not satisfied because Yubari King melon seeds did not produce the $12,000 worth of melons.

A reviewe written by I.Blackburn clarified the proble by saying that “These are very soft and sweet melons. They do take up a lot more of your garden than other melons. I will grow them for sure next year.”

In 2008, two Yubari king melons were reportedly sold for over $30,000 and $25,000.

According to Wikipedia, Yubari King is a hybrid of two other cantaloupe cultivars: Earl’s Favourite and Burpee’s “Spicy” Cantaloupe with a scientific name of Cucumis melo L. var. reticulatus Naud. cv. Yubari King.

Facebook IPO 2012: FB Stock Price per share opens at $42

Saturday, May 19th, 2012 | BUSINESS, NEWS, Social Network, TECHNOLOGY with No Comments »
Facebook IPO 2012 Opened by Mark Zuckerberg

Facebook IPO opened by Mark Zuckerberg
Image Credit: Zef Nikolla/Facebook via Bloomberg

Facebook IPO opened on Friday, May 18, 2012 with Mark Zuckerberg remotely ringing the NASDAQ bell to start Friday’s trading in New York.

During its initial trading late in the morning, Facebook stock price was pegged at $42 per share. The price of FB stocks rose to as much as $45 per share before settling down at about $41 at 12:45 p.m. New York time.

Zuckerberg, Facebook’s chief executive officer, reportedly sold 30.2 million shares of the Menlo Park, California-based social networking company for $1.15 billion at the IPO. Reports say that most of the proceeds will be used to pay taxes associated with exercising 60 million stock options. Zuckerberg now owns 503.6 million shares of Facebook.

Facebook IPO: Facebook Stock will cost $38 per share

Friday, May 18th, 2012 | BUSINESS, NEWS, Social Network, TECHNOLOGY, World with No Comments »
Facebook logo

Facebook logo
Image Credit: Facebook

Facebook IPO on Friday, May 18, 2012 will offer Facebook stock at $38 per share to its clients.

The Facebook IPO will raise $16 billion for the social networking giant and will be the largest technology IPO ever.

A Thomson Reuters rankings indicates that Friday’s Facebook IPO will be the third largest IPO in the US, next to the $19.7 billion Visa IPO (V, Fortune 500) in March 2008 and the $18.1 billion of General Motors (GM, Fortune 500) in November 2010.

There are still a few more steps before Facebook’s shares are ready to trade. The company is waiting for the Securities and Exchange Commission to declare its IPO effective — the formal green light Facebook and its underwriters need before they can sell shares to outside buyers.

The $38 IPO price is the rate at which Facebook’s underwriters (including lead banker Morgan Stanley) will sell shares to their clients, which typically include large institutional investors, mutual funds and hedge funds.

Shares will be released Thursday night to those buyers, who can resell them on the open market beginning on Friday.

Some shares were made available to individual investors, but getting them typically requires either a lot of money or a lot of trading experience. It also required moving fast. Many brokerages offering pieces of Facebook’s IPO allotment “closed their books” on Tuesday, meaning they stopped taking orders.

Human Flesh Capsules from China Found by South Korea Customs Service

Tuesday, May 8th, 2012 | NEWS, SCIENCE, World with No Comments »

Human flesh capsules coming from China were discovered by the South Korean Customs Service authorities.

About 17,500 capsules that contained powdered human flesh were illegally transported into South Korea since August 2011.

Korean authorities were reportedly increasing their monitoring of shipments of drugs arriving from northeast China.

These human flesh capsules were said to contain powdered flesh made from dead babies or fetuses and reportedly cured disease and boost stamina. Health authorities however contradicted these by saying that the capsules were full of bacteria and posed a health risk.

“It was confirmed those capsules contain materials harmful to the human body, such as super bacteria. We need to take tougher measures to protect public health,” a customs official said.

The capsules were even dyed or switched into boxes of other drugs in a bid to disguise them. The capsules containing the powdered flesh were found both in luggage and in the post.

It had emerged in a documentary last year that human flesh capsules from northeast China were smuggled into South Korea.

At that time China’s Health Ministry said that it was investigating the claims raised by the programme.

Ministry spokesman Deng Haihua said that China had “strict management of disposal of infant and fetal remains as well as placentas”.

“Any practice that handles the remains as medical waste is strictly prohibited,” he added.