There was some ray of hope that the second half of the year would be OK when the government revised GDP up 2.2% for the second quarter. A number of ... Read Full Story »
Hurricanes Katrina and Rita in 2005 forced a halt to about 25% of US oil and natural gas production. Now Tropical Storm Gustav, which is predicted to gain hurricane status ... Read Full Story »
The federal government finally discovered what everyone already knew. The economy has gone to hell in a hand-basket.Personal income fell 0.7 percent in the month, the sharpest decline since a ... Read Full Story »
Poor Michael Dell, CEO of Dell (DELL), only made $2.3 million last year. Of course, he is a billionaire and owns over 227 million shares in the company he runs.His ... Read Full Story »
Nintendo made money, really big money, in the last quarter. Then, it had the audacity to say that things would get even better. According to Reuters, "Nintendo said it now ... Read Full Story »
Microsoft (MSFT) has not been able to home grow its own online business so it has decided to buy the solution a piece at a time. Yahoo! (YHOO) was supposed ... Read Full Story »
The government in Japan is not going to fall into recession, not if the government can help it. It has introduced a stimulus package worth over $100 billion. A comparable ... Read Full Story »
Robert Lutz, the oldest car company executive in the history of the industry, recently said that Detroit could not raise the money it needs to retool its plants to build ... Read Full Story »
Energy Conversion Devices (NASDAQ:ENER) reported its fourth quarter and full year results this morning, and the stock is up more than 2% in early trading. It's no wonder. EPS of ... Read Full Story »
According to Reuters, Lehman (LEH) may fire 1,200 workers.Reuters reports that Dell (DELL) said its Asia business was fine but offered a cautious forecast.Reuters reports that Starbucks (SBUX) will offer ... Read Full Story »
Markets in Asia were sharply higher.The Nikkei rose 2.4% to 13,073. Canon fell 5.2% to 5040. ANA fell .3% to 394.The Hang Seng moved up 1.7% to 21,331, China Life ... Read Full Story »