Crowdsourcing, by its very name, encourages a comparison to outsourcing. But when Wired first published the article that entered the term into the popular lexicon, it was far from clear whether the phenomenon would realize its disruptive potential. Three years later, it seems increasingly obvious th...

Vikram Pandit's plan worked. Send out a companywide memo in early March, explaining that the business is growing like gangbusters and that the stock price isn't reflecting reality. Pandit writes: In addition to our strong capital position, I am most encouraged with the strength of our business so fa...

It's a phone! It's a watch! It's a watch-phone! Just in time for the end of conspicuous consumption on Wall Street, it's the limited edition Chairman. About that . . . now might be a better to dial back to a less flashy multi-tasking timepiece. LED calculator-watches, anyone? [Gizmodo] Twitter credi...

Fans of Boxee's streaming video service got a rude shock in February when Hulu's content providers (networks and movie studios) forced Hulu to pull its content from Boxee. Hulu was careful to distance itself from the decision, laying the blame on the studios instead, but for Boxee fans the end resul...

The White House has invited Twitter founder Evan Williams to a business summit today, prompting Williams to tweet that it "must mean they are *really* out of ideas." [Business Insider] Speaking of Twitter, it's becoming a search engine. [Cnet News] How Silicon Valley can help save the newspaper indu...

Barnes & Noble doesn't want to be left behind in the e-book revelation so it made an acquisition. [PaidContent] A Chicago sheriff's department has filed a lawsuit against Craigslist for facilitating prostitution. [Ars Technica] Only 3 days left to scavenge for electronics at your local Circuit City ...

In the Bank of America drama playing out on Wall Street, it's now time to cue the activists. And who should enter stage left but CtW Investment Group! The union group, which stands for Change to Win, sent a letter to Bank of America's lead director, O. Temple Sloan, demanding that the board fire cha...

Ars Technica lets it be: While there might not be a "sequel" to Rock Band 2 coming this year, something that could be even more exciting for music fans is on the way: The Beatles: Rock Band has just been confirmed for a worldwide release on September 9 of this year. The game will be available in Nor...

Shares of Citigroup fell to just $1 each today, bringing the market capitalization of what was once the world's biggest bank to a measly $5.5 billion. To give this monumental moment some perspective, Citigroup is now... ...the same size as Lehman Brothers the week before it filed for bankruptcy. ......

The latest trial of Russian oil baron Mikhail Khodorkovsky opened today in Moscow. Predictably, he lost his opening motion. The judge in Khamovnichesky District Court brushed aside a request that he step down to avoid the appearance of bias. Defense lawyers, led by Vadim Klyuvgant, had argued in a c...