ThinkstockAsian PC giant Lenovo has joined the long line of companies that plan to enter the very crowded smartphone market. Is it any wonder? Personal computer sales have fallen through the floor, while at…
ThinkstockWhile discussing the future of France’s financial situation, the International Monetary Fund (IMF) did a bit of bashing of the local government. According to the IMFs France Consultation report: Amid persistent uncertainty and weakness…
ThinkstockSprint Nextel Corp.’s (NYSE: S) desperation to hang on to its deal to buy Clearwire Corp. (NASDAQ: CLWR) as it competes against Dish Network Corp. (NASDAQ: DISH) for the prize was showing. The Clearwire…
ThinkstockA Lenovo Smartphone Asian PC giant Lenovo has joined the long line of companies that plan to enter the very crowded smartphone market. Is it any wonder? PC sales have fallen through the floor,…
Microsoft Sweden, via Wikimedia CommonsSteve Ballmer, Microsoft Corp.’s (NASDAQ: MSFT) chief executive officer for more than a decade, will try to do what he has been unable to do through most of his tenure.…
MicrosoftSAC Capital Advisers could lose most of its outside investors by next year. (Reuters) Bank of America Corp. (NYSE: BAC) will struggle in court to get approval of its $8.5 billion settlement over the…
courtesy of ZyngaThe Zynga Inc. (NASDAQ: ZNGA) workforce reduction, which hit about a fifth of its staff yesterday, could grow considerably if the company’s hopeful forecast of its future turns out to be wrong.…
Wikimedia CommonsGeneral Motors Co. (NYSE: GM) posted two pieces of very good news yesterday. It will rejoin the S&P 500, from which it has been absent since its bankruptcy. And it had its best…
ThinkstockFrom debit card fees to overdraft charges, consumers need clearer policies from their banks to understand checking accounts, according to a report released by the Pew Charitable Trusts. The report identified seven “best” practices…
ThinkstockAnother company IPO filing has been on Monday from Cellular Dynamics International, Inc. No financial terms have been set, but the filing is for up to $57,250,000 worth of common sock. The company has…
ThinkstockThe State of Illinois has just seen its credit rating downgraded to A- from A for the state’s general obligation bonds. This downgrade covers some $27.5 billion. Fitch also said that the ratings related to…
U.S. equity markets opened higher this morning following a slightly upbeat report on eurozone manufacturing PMI. While not yet in positive territory, eurozone PMI rose as a whole and rose in most European countries…
courtesy of ZyngaShares of Zynga Inc. (NASDAQ: ZNGA) were halted for five minutes this afternoon as the company announced a layoff of about 520 employees that it said would be completed by August. Zynga,…
ThinkstockA company called Tecogen Inc. has filed for an initial public offering. No terms or conditions have been set, although it is likely to be a small IPO as the company filed for up to…
ThinkstockThe competing bids from Sprint Nextel Corp. (NYSE: S) and Dish Network Corp. (NASDAQ: DISH) for Clearwire Corp. (NASDAQ: CLWR) are once again the subject of dueling press releases. This time Crest Financial Ltd.…