Now, films futures contracts for box office bets!

Movie lovers have long made bets among themselves over how well a particular release will do at the box office. Beginning next month, they may be able to make that bet through a futures contract issued by New York broker Cantor Fitzgerald. Cantor has announced it expects final approval by 20th April of its domestic box office receipt movie futures contract, which will allow 24-hour trading based on a film's box office performance. The US Commodity Futures Trading Commission is reviewing the proposal for box office futures to be traded on the Cantor Exchange.

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    Microsoft boots out iPhones

    At an all-company meeting in a Seattle sports stadium, one hapless employee used his iPhone to snap photos of Microsoft chief executive Steve Ballmer. Mr Ballmer snatched the iPhone out of the employee's hands, placed it on the ground and pretended to stomp on it in front of thousands of Microsoft workers. One Microsoft worker said he knows several colleagues who try to disguise their iPhones with cases that make them look more like generic handsets.

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    How New York cabbies took passengers for a ride

    A few drivers flipped switches on their meters that kicked in higher rates, costing New York City riders a total of $8.30 million over a period of two years.

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