Jason Miller/Getty ImagesPitcher Chris Perez wishes more Cleveland fans were celebrating along with the Indians.The question is being whispered around Cleveland, and in the other corners of the American League: are the Indians for real?They seem to be very real, at least through the first two months of the season, standing fourth in the American League and leading the Central Division with a 24-18 record. The team that was expected to lead the A.L. Central, the Detroit Tigers (20-22), hasn’t yet found a way to win consistently.The Indians came from behind, 5-3, to beat the struggling Tigers on Tuesday at Progressive Field.Terry Pluto, a sports columnist for the Cleveland Plain Dealer, openly marveled at the Indians’ success.“For the Indians, this was more than a 5-3 ... Continue reading →
BY KEACH HAGEY AOL's Patch.com, the online local-news network whose high costs have made it a lightning rod for criticism of AOL's strategy, is laying off about 20 people as part of a broader restructuring. Patch will consolidate its four geographic zones into three by integrating the South and East zones, allowing it cut some managers. No sites will be closed or merged and no local editors or ad managers will be affected. Patch, which has nearly 1,000 full-time journalists, announced the ...BY KEACH HAGEY AOL's Patch.com, the online local-news network whose high costs have made it a lightning rod for criticism of AOL's strategy, is laying off about 20 people as part of a broader restructuring. Patch will consolidate its four geographic zones into ... Continue reading →
Brendan Mcdermid/Reuters Facebook on the NASDAQ Marketsite.Just days before Facebook went public, some big investors got nervous about the social network.After publicly warning about challenges in mobile advertising, Facebook executives held conference calls to update their banks’ analysts on the business. Armed with the new information, analysts at Morgan Stanley and other firms started reaching out to their clients to dial back expectations for the Internet company.One prospective investor was told that second-quarter revenue could be 5 percent lower than the bank’s earlier estimates. Another analyst warned that revenue could be light for the next two years.As investors tried to digest the developments, Morgan Stanley was busy setting the price and the size of the I.P.O.While some big institutions chose not to buy the stock, ... Continue reading →
OSSINING, N.Y. – As the Vatican accuses American nuns of spending too much time on human rights and helping the poor, some Catholic activists who support them are organizing vigils and petitions to persuade the church to change its mind."With the sisters, they've worked their fingers to the bone. They deserve more than this," said Eileen Sammon, a parishioner at St. Ann's Church here and a former Dominican nun. "They're like a helicopter hierarchy hovering over the sisters instead of cleaning their own house," referring to the continuing problem of priests' sexual abuse of children.Sammon is organizing a prayer vigil Tuesday in front of St. Patrick's Cathedral in Manhattan with the hope that Cardinal Timothy Dolan will contact the Vatican and ask to have the ... Continue reading →