The CEO of Chrysler said he took no pay in 2011 and that, based on financial results, the company is now worth $7.5 billion. (Reuters) The Treasury will sell $6 ... Read Full Story »
The public and the press usually measure unemployment one month at a time as data from ADP and the federal government are issued. The jobs market can also be tracked ... Read Full Story »
Layoffs have surged recently. There is no telling why they happened all at about the same time. Drug giant Novartis (NYSE: NVS) said it will cut nearly 2,000 jobs. Food ... Read Full Story »
TPG may invest $1 billion in troubled Olympus. (Reuters) President Obama to ask for a $1.2 trillion increase in the national debt ceiling. (Reuters) China’s foreign currency reserves drop to ... Read Full Story »
Congress, close to a budget agreement, may avoid a government shutdown. (Reuters) Washington Mutual shareholders and creditors set a deal that could allow an exit from bankruptcy. (Reuters) The policy ... Read Full Story »
S&P may downgrade the EU and the largest eurozone banks. (Reuters) France and Germany continue to press new eurozone treaty measures that would help trigger new financing for the region. (Reuters) ... Read Full Story »
Novartis (NYSE: NVS) said it would cut 2,000 workers and outsource some functions to companies that will do the work for less than it can. Novartis will take a restructuring ... Read Full Story »
The Obama administration announces a new plan to help underwater mortgage holders. (Reuters) Netflix (NASDAQ: NFLX) warns that more subscribers will cancel and shares fall 24%. (Reuters) Nearly 35% of ... Read Full Story »
A company can spend billions of dollars on R&D and get little respect as an innovator. Even though that is the conclusion of a new study by Booz & Co., ... Read Full Story »
Earnings dominated the press coverage of today's shares. Novartis and Harley-Davidson released numbers Icahn Enterprise was thumped after it made a bid for Clorox, which was rejected. Boeing was hit ... Read Full Story »
Implanted medical devices are one of the most profitable businesses of the U.S. healthcare industry. While many devices help extend and improve quality of life, a great many others may ... Read Full Story »
Nothing compared to the negative press News Corp (NYSE: NWS) has gotten in the last three days as its The News of The World is accused of tapping the phone ... Read Full Story »
We have a lot to expect from the cast of characters in what we call The Unusual Suspects in the coning week. We will be watching trading in shares of ... Read Full Story »
It's the BioHeath Daily for key developments in drugs, biotech, and medical developments. Prana Biotechnology Ltd. (NASDAQ: PRAN) is often overlooked here in the U.S. as it has such a ... Read Full Story »
Spain's debt was put on review by Moody's. (MarketWatch) The tax cut bill has been sent to the Senate. (Reuters) The Federal Reserve remains concerned about the economy and said ... Read Full Story »