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Driving a car off a lot usually comes with a sense of exhilaration or freedom, but that thrill is short-lived when you've got a debt collector riding shotgun wherever you go. That's basically the case for a whole host of Americans with bad credit -- in use since the 90s, the New York Times reports...

8 months ago 0 Comments
September 26, 2014 at 12:53AM
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T-Mobile clearly wants you to become a customer -- the company's "UnCarrier 5.0" move will get you an iPhone 5s to try out for a full seven days. At an event in Seattle today, the carrier introduced Test Drive, a service that will help customers avoid "buying blind," giving you an opportunity to e...

11 months ago 0 Comments
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Square has so far focused on helping businesses take payments; now, it's ready to make payments to get those businesses off the ground. The company has launched Square Capital, a quick financing service that uses card transactions for repayment. Every time someone makes a purchase, a small cut of ...

1 year ago 0 Comments
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With a wire transfer of $451.8 million, Elon Musk has finally made good on his promise to repay the hefty loan Tesla received from the Department of Energy well ahead of its 2022 due date, beating even Musk's own five-year estimate. This comes on the heels of a very profitable first quarter, and i...

2 years ago 0 Comments
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Fisker just can't catch a break. As if enduring the layoffs of three out of every four employees and the resignation of its founder wasn't unsettling enough, it's now come to light that the Department of Energy recently confiscated the company's $21 million reserve account in an attempt to recoup ...

2 years ago 0 Comments
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The AP is reporting that Rhode Island is attempting to default on the debt it owes for 38 Studios' $75 million loan and subsequent bankruptcy. The state has a proposal before lawmakers that would keep it from having to make any payments to bond holders. Supporters of the move to default say th...

2 years ago 0 Comments
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Back in May, Project Copernicus developer 38 Studios became embroiled in the controversy of the year when the studio officially shut down and fired all 379 of its employees. The story quickly turned political as the studio had been granted a loan of $75m US by the state of Rhode Island and it bec...

2 years ago 0 Comments
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Much of the business news out of Japan from Sharp hasn't been good, but for now at least it's worked out a loan agreement to keep rolling. It's still pursuing a deal with manufacturer Hon Hai Precision Industry / Foxconn that would provide a much-needed injection of capital, but those talks have r...

2 years ago 0 Comments
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If you're familiar with the phrase "robbing Peter to pay Paul," you'll understand the latest episode in the ongoing 38 Studios financial crisis. Except replace "Paul" with "the state of Rhode Island" and "Peter" with "the company's employees." Yes, in order to make the most recent payment to the ...

3 years ago 0 Comments
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Sony's push for three dimensional entertainment has inspired it to launch a series of product-loaning machines in the land of Oz. These "3D Library" kiosks, as the manufacturer is simply dubbing 'em, will let Aussies checkout a variety of Sony's 3D-capable products at no cost and for up to three d...

3 years ago 0 Comments
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Two Worlds publisher SouthPeak Interactive ended up in some hot water with the U.S. Securities and Exchange Commission last November, when the government agency announced it would bring a civil injunction against the publisher's chairman, Terry Phillips. The reason for the SEC suit was SouthPeak'...

4 years ago 0 Comments
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Whether via public library or personal collection, e-books may be getting harder to borrow and loan out -- HarperCollins put the squeeze on government-funded rentals last week, and today Amazon has allegedly disabled e-book sharing startup Lendle with one fell stroke. Lendle allows readers to trade...

4 years ago 0 Comments
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This is great news for the mom of at least one Engadget editor (who has been despairing at her inability to share e-books with Aunt Kathy). That's right: Amazon has enabled Kindle book loaning on select titles. Of course, there are caveats: books can be loaned only once, for a period of fourteen da...

4 years ago 0 Comments