TPM News

The day that Apple shareholders had hoped would never come has come: the company's CEO Steve Jobs is resigning.

Apple issued the announcement at the close of business Wednesday and named Tim Cook, previously Apple's chief operating officer, as the company's new chief.

"Steve's extraordinary vision and leadership saved Apple and guided it to its position as the world's most innovative and valuable technology company," said Art Levinson, Chairman of Genentech, on behalf of Apple's Board in a statement.

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Updated 11:43 a.m., Aug. 26

Google's healthy online advertising business took an anticipated hit today when the Justice Department announced that is fining the company $500 million for helping Canadian pharmaceutical companies to place illegal online ads in the U.S.

In a lengthy release, the Justice Department calls out Google's lax management of its AdWords program, which allows companies to place advertisements across the web and next to Google search results. (AdWords is estimated to pull in $30 billion this year and is Google's primary source of revenue). As the DOJ puts it:

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Florida Senator Marco Rubio (R) seems to be the "right" man for the "right" time. Indeed, there's now so much speculation that he'll take the VP slot of next year's GOP presidential ticket that one wag recently tweeted, "Is it time to rename GOP primaries 'the contest to become Marco Rubio's running mate'?"

The GOP heartthrob delivered a much-anticipated speech at the Ronald Reagan Presidential Library on Wednesday. The address was packed with the red meat Tea Party audiences crave, and at its heart was the reddest meat of all: a "things-ain't-what-they-used-to-be" take-down of entitlement programs.

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By John Voelcker

There are lots of different Land Speed Record categories, and each year one or two of them fall to new challengers.

So it's not surprising that new records for production diesel and biodiesel trucks were set this weekend at the Bonneville Salt Flats in Utah.

What is surprising is the vehicle that was used: a relatively stock 2011 Ford F-250 SuperDuty pickup truck, and the speeds it reached: 171 mph on standard diesel fuel, and 182 mph on soy-based B20 biodiesel.

Frankly, the very idea of traveling 180 mph in any more-or-less stock pickup truck--especially one as large as an F-250 SuperDuty, which has the aerodynamics of a small community hospital--fills us with awe.

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Democratic U.S. Senate candidate Alan Khazei isn't letting the revelation that Sen. Scott Brown's (R-MA) campaign team is behind a fake Twitter feed that's been attacking him pass without making some political hay.

"Sen. Brown should denounce these tactics, immediately close the fake Twitter account and apologize to the citizens of Massachusetts," Khazei Chief of Staff Emily Cherniack said in a statement.

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Former Mass. Governor Mitt Romney has been the frontrunner in most national polls of the GOP primary over the last year, and the general punditry considered it his nomination to lose, at least at first. And while it's still early, new polling released on Wednesday shows his unchallenged time at the head of the pack may be over.

A new national Gallup poll of GOP and GOP-leaning voters shows Romney, who had more than a quarter of the total vote in Gallup's June numbers in the same poll, has fallen to 17 percent, while newly minted candidate Tex. Gov. Rick Perry surges to 29 percent and the lead. Rep. Michele Bachmann (R-MN), considered a top contender, falls to fourth with 10 percent, behind Rep. Ron Paul (R-TX) at 13 percent. The rest of the field is in single digits.

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