Amazon.com (NASDAQ: AMZN) will close a distribution center in Texas and will almost certainly not have any employees in the state ever again. Texas will need to provide unemployment benefits to some of these…
The inability of the government and the economy to create jobs is not lost on most Americans. Nearly 16 million people are still looking for jobs in the US. The number of people who…
NokiaMicrosoft (NASDAQ: MSFT) won a huge victory today. Struggling handset company Nokia (NYSE: NOK), which is still the global leader in its industry, will use Redmond’s mobile OS in its smartphones. Nokia had considered…
Reuters: A Deutsche Borse deal with the the NYSE (NYSE: NYX) faces regulatory resistance (Reuters) Reuters: Microsoft (NASDAQ: MSFT) and Nokia (NYSE: NOK) will try to create competition for Google’s (NASDAQ: GOOG) Android (Reuters)…
We are seeing yet another high number of shares on the move in the after-hours session this Thursday. Five top movers are Blue Nile Inc. (NASDAQ: NILE), Expedia Inc. (NASDAQ: EXPE), Hoku Corporation (NASDAQ:…
Ford Motor Company (NYSE: F) is continuing to make good on its promise to cut debt and get its finances in better order. Despite having the best balance sheet by far of the Big…
Despite being grossly disappointed with John Chambers and the earnings guidance from Cisco Systems, Inc. (NASDAQ: CSCO), it is still hard for us to believe that Alcatel-Lucent (NYSE: ALU) is causing the trouble for…
Kinder Morgan Inc. (NYSE: KMI) is supposed to price tonight. While many already expected the IPO to be hot, the talk is that hot became hotter. The last formal count was 80 million shares…
Global internet traffic is expected to jump by more than four times by 2014. The primary driver is video, which in 2010 leaped past peer-to-peer traffic for the first time ever. So why is…
Game maker Activision Blizzard, Inc. (NASDAQ: ATVI) posted unimpressive fourth quarter results after the market closed last night, and to make matters worse, offered a weaker-than-expected outlook for the current quarter and for the…
The International Energy Agency (IEA) has raised its estimate for global oil demand by 120,000 barrels/day for 2011, to a total of 89.3 million barrels/day. The increase came as a result of greater demand…
The short sellers have reversed their trend of the mass exodus in short selling. What is interesting is that some companies are seeing a record low in the short interest while others are seeing…
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Akamai Technologies, Inc. (NASDAQ: AKAM), Cisco Systems, Inc. (NASDAQ: CSCO), Sequenom, Inc. (NASDAQ: SQNM),…
Updated throughout the day Facebook and Google (NASDAQ: GOOG) have both considered buying Twitter which probably has a value of close to $8 billion (WSJ) Blackrock and other investment firms are concerned that they…
The weekly jobless claims are finally back under the 400,000 mark. Today’s reading showed that the drop was 36,000 down to 383,000. To show just what a relief it is, this was the lowest…