One of the more subtle parts of the government bailout of GMAC came after the financial arm of the car company, now majority owned by star-crossed hedge fund Cerberus, got ... Read Full Story »
The Chinese government has finally set up a system to bring fast wireless 3G service to its citizens. In a country where handsets are used the way that many people ... Read Full Story »
The great promise of the online commerce industry has been that it would grow at a rate faster than bricks-and-mortar retailers, and that this advantage might go on for years. ... Read Full Story »
The mathematics of the US car company bailout are simple. At least the car companies say that they are.Expenses get cut. Labor costs go down to what they are for ... Read Full Story »
There is a hardware developer obsession with "unlocking" the Apple (AAPL) iPhone that has spread to the media. The state of being unlocked allows the handset to be used on ... Read Full Story »
The Madoff disaster could not have been the only situation where a money management firm took advantage of suckers. The market has been too good over the last five years, ... Read Full Story »
The incoming Obama administration faces any number of sizable challenges. One thing the President-elect proposes is to spend $150 billion "over the next ten years to catalyze private efforts to ... Read Full Story »
Retail stocks are in rally mode despite forecasts that a large number of stock chains could file for bankruptcy this year and more than 70,000 individual stores could close.The move ... Read Full Story »
Following weak manufacturing data from Russia, China, and India, the Institute for Supply Management announced that US manufacturing measured by its PMI dropped sharply in December to 32.4 from 36.2 ... Read Full Story »
Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) won a $224 million bet that Florida would escape major damage from hurricanes this season. A few years ago, when hurricanes did hit the ... Read Full Story »
Almost every bit of news about the retail industry has been bad since the third quarter of last year. Some analysts believe that 72,000 stores could close in the US ... Read Full Story »
It looks like we have our most likely candidates for the "Dogs of the Dow" for 2009. This is often misunderstood as an investment vehicle. These are the 10 highest ... Read Full Story »
According to MarketWatch, "Worldwide sales of semiconductors fell 9.8% to $20.8 billion in November, from $23.1 billion a year earlier, the Semiconductor Industry Association said Friday. Sales in the month ... Read Full Story »
China can't go into a recession. Its GDP has grown at close to 10% for half a decade. It is the largest supplier to the world. Its new middle class ... Read Full Story »
Experts keep saying that there is only so much bailout money to go around. That going around is getting bigger as states and municipalities try to figure out what to ... Read Full Story »