Fedex (NYSE: FDX) said it would cut 1,700 people. The announcement was made as part of the air freight company's earnings release. The firm reported earnings of $1.20 per diluted ... Read Full Story »
Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have ... Read Full Story »
Updated throughout the day. Alibaba may seek the shares that Yahoo! (NASDAQ: YHOO) holds in its company (MarketWatch) Elizabeth Warren will be the first head of a new consumer advocacy ... Read Full Story »
These are issues active before the bell. Fedex (NYSE: FDX) is off 3% to $83.14 on new that earnings were weaker than expected. The freight firm will cut 1,700 jobs. ... Read Full Story »
Barclays raised Ford (NYSE: F) to "overweight" from "equal weight" with a $16 target. Credit Suisse upgraded NetFlix (NASDAQ: NFLX) to "neutral" from "underperform" Morgan Stanley downgraded BT Group from ... Read Full Story »
Greece will never default on its sovereign debt. That is, at least what Greece’s finance minister George Papaconstantinou says. His argument has less to do with his nation's precarious situation ... Read Full Story »
The attitude among American when it has come to owning a home has changed radially, according to Fannie Mae. "A majority of Americans (67 percent) continue to believe that buying ... Read Full Story »
Research In Motion (NASDAQ: RIMM) is no longer the major challenge to the sales of Apple Inc (NASDAQ: AAPL) iPhone. Google Inc. (NASDAQ: GOOG) Android-powered smartphones are. New data from ... Read Full Story »
Sales of Microsoft's (NASDAQ: MSFT)new "Halo: Reach" video game reached $200 million on the first day it was available. The world's largest software company expects sales of the game to ... Read Full Story »
Home foreclosures remained high again in August, as might have been expected given recent news on home prices and housing sales. According to RealtyTrac, foreclosure actions were reported on 338,836 ... Read Full Story »
Reuters: Japan says it is ready to move into the forex market to support the yen. Reuters: George Soros says that China was the big winner coming out of the ... Read Full Story »
The cost of living in America has gone up about fifteen fold since the Declaration of Independence was signed in 1776. Of course, not all prices have risen at the ... Read Full Story »
As the world economy entered its worst decline since the Great Depression, corporations were less interested in innovating. Now, as the economy begins to recovers U.S. corporations are in ... Read Full Story »
After seeing headlines "The Yen at Multi-Year Highs Against the Dollar" for days, we finally saw a sudden change. Japan intervened on its currency to prop up the US Dollar. ... Read Full Story »
The Chase e-commerce website, chase.com, is shut down completely again "Due to scheduled system maintenance out site is temporarily unavailable. Please try again later"--www.chase.com. After a short period when the ... Read Full Story »