Conflict between Managers and Shareholders

In the catechism of capitalism, shares represent the part-ownership of an economic enterprise, usually a firm. The value of shares is determined by the replacement value of the assets of the firm, including intangibles such as goodwill. The price of the share is determined by transactions among arm's length buyers and sellers in an efficient and liquid market. The price reflects expectations regarding the future…

Panix Domain Hijacked

Panix, an Internet service provider for the New York area, was the victim of a domain hijacking this past weekend. The attack has put the ISP in a recovery mode as they effort to restore the domain back to normal.

Intelsat Satellite Lost in Space

Intelsat's IS-804 satellite experienced a sudden and unexpected electrical power system anomaly that caused the total loss of the spacecraft.