ThinkstockThe Organization for Economic Co-operation and Development (OECD) released its “Interim Economic Assessment” for 2013. The agency expects modest growth in global gross domestic product (GDP), a point of view held by many economists.…
courtesy of Verizon WirelessVerizon Communications Inc. (NYSE: VZ) bought out Vodafone Group PLC’s (NASDAQ: VOD) minority interest in Verizon Wireless for a staggering sum. Vodafone dumped its 45% in the joint venture, and fled…
courtesy of Nokia Corp.Microsoft Corp. (NASDAQ: MSFT) has decided to buy the Nokia Inc. (NYSE: NOK) handset business for $7.17 billion, which is not much for a company with its balance sheet. In 2011,…
Wikimedia CommonsFrom CBS Corp. (NYSE: CBS): CBS Corporation (NYSE: CBS.A and CBS) and Time Warner Cable and Bright House Networks have reached an agreement for carriage of CBS owned stations on Time Warner Cable…
courtesy of VerizonNot that anyone should be shocked. The deal has been rumored for days. Verizon Communications Inc. (NYSE: VZ) bought out the minority interest of Verizon Wireless owned by Vodafone Group PLC (NASDAQ:…
ThinkstockNew data from the Federal Reserve Bank of San Francisco about the stubborn presence of part-time workers in the U.S. economy: Part-time work spiked during the recent recession and has stayed stubbornly high, raising…
ThinkstockThe recession may have ended almost three years ago, but many American workers fell it was only yesterday when the jobless rate rose into double digits and the economy was shedding more than 500,000…
ThinkstockOne of the most important shipping lanes in the world may be in jeopardy. According to Bloomberg: Egyptian authorities moved to bolster security along the Suez Canal after a foiled attack on a ship traversing…
ThinkstockIt would make sense that China’s economy might make some modest recovery because it has been such a powerful GDP engine for so long. Not so Europe, where the recession has lingered for a…
Microsoft Sweden, via Wikimedia CommonsMicrosoft Corp. (NASDAQ: MSFT) did something it did not have to do (something that no public company would want to do), so why did it do it? The huge software…
thinkstockThe United Kingdom has decided to refrain from an attack on Syria, although the United States may go it alone (or perhaps with France.) Obama has agreed to pass the decision to Congress which…
August 30, 2013: U.S. markets opened slightly higher on Friday morning but soured almost immediately. Data on personal income and personal spending was mixed and the Chicago Fed PMI reading came out as expected. The…
ThinkstockThe U.S. Department of Agriculture (USDA) released its preliminary report on August farm prices on Friday afternoon. The August all-products price index dropped by 12 points (6%) to 188 month-over-month, with the crop index…
ThinkstockAfter an unexpected jump to a six-year high 85.1 in July, the Thomson Reuters/University of Michigan consumer sentiment index fell back to earth on Friday. The final index reading for August came in at…
ThinkstockIndependent oil and gas exploration and production company Apache Corp. (NYSE: APA) announced after markets closed on Thursday that it had launched a global strategic partnership with a subsidiary of Chinese oil giant Sinopec…