Markets in Europe fell as a mortgage company in the UK has to be rescued by the governmentThe FTSE fell 1.9% to 6,242. Barclays (BCS) was down 3.2% to 591.5. ... Read Full Story »
The FCC decides that in the next auction of wireless spectrum, it would set aside part of the airwaves for open use. Consumers would be able to use whatever devices ... Read Full Story »
McDonald's (MCD) used to be the exclusive fast food supplier in Wal-Mart (WMT) stores. Subway is now taking over a number of those spots. According to The Wall Street Journal, ... Read Full Story »
Dell (DELL) will delay its second quarter 10-Q due to continuing work on restatements of past quarters. It still expected to file the document in November, but hardly needed another ... Read Full Story »
Several analysts have upgrades shares in Motorola (MOT). The reasoning is that, with new models coming out, and much of the backlog in inventory for old products like the RAZR ... Read Full Story »
Hovnanian (HOV), the home builder, is going to have a three day sale this week. It would be more accurate to say that they will be giving the houses away, ... Read Full Story »
The problem with being super-smart is that when you become dumb it is more obvious. The Goldman Sachs (GS) Global Alpha fund, pride of the bank and the hedge fund ... Read Full Story »
According to Bloomberg, "United Auto Workers President Ron Gettelfinger picked General Motors Corp. (GM) as the union's strike target after arguing with the automaker's North American head over funding for ... Read Full Story »
According to Reuters, Intel (INTC) received antitrust charges from a branch of the South Korean government.Reuters writes that Campbell (CPB) is seeking over $1 billion for its Godiva chocolate business.Reuters ... Read Full Story »
Markets in Asia were higher. The Nikkei rose 1.9% to 16,127. Sony (SNE) rose 2.1% to 5,420. Totyota (TM) rose 2.4% to 6530.The Hang Seng rose 1.6% to 24,938. China ... Read Full Story »