ThinkstockThe U.S. purchasing managers index (PMI) for March was reported at 54.6 this morning by Markit Economics. The consensus estimate called for a reading of 54.0, compared with a February reading of 54.3. The…
ThinkstockA week from Friday, a special meeting of shareholders of MetroPCS Communications Inc. (NYSE: PCS) will vote on a proposed merger with T-Mobile USA, a division of Deutsche Telekom. Metro’s board today sent a…
ThinkstockThe February report for the purchasing managers index (PMI) came in at 54.2, a number that indicates expansion in the economy. Even better, the new orders index posted a reading of 57.8. But these…
courtesy Chesapeake Energy Corp.Aubrey McClendon, co-founder, chairman and CEO of Chesapeake Energy Corp. (NYSE: CHK), is officially the former CEO of the company today. Last Friday the company’s board of directors named long-time Chesapeake…
ThinkstockAT&T Inc. (NYSE: T) is yet another company that has given up on opportunities for innovation and has lost its appetite for large M&A transactions. Instead, it will use the power of its balance…
Courtesy of Tesla MotorsElectric luxury car company Tesla Motors Inc. (NASDAQ: TSLA) said its sales were well ahead of schedule, and it revised earnings estimates higher. There has been a great deal of skepticism…
ThinkstockReuters points out that there are probably no short-term solutions to the huge amount of water and air pollution in China, and that the trouble will get even worse. While the central government may…
courtesy Dell Inc.Michael Dell may walk out on his partnership with Silver Lake, a marriage created to make a leveraged buyout (LBO) of Dell Inc. (NASDAQ: DELL), to join a rival bid from Blackstone…
ThinkstockCities may start to use bankruptcy as a tool to skirt obligations the way that airlines have for decades and car companies have done more recently. As AMR, the parent of American Airlines, has…
ThinkstockA region with unlimited access to water (though salt water) and a climate in which the temperature rises relentlessly — what a good place for farms. This may be the fate for some portions of the…
ThinkstockAT&T to Buy Back Shares AT&T Inc. (NYSE: T) is yet another company that has given up on opportunities for innovation and lost its appetite for large M&A transactions. It will use the power…
courtesy of Facebook Inc.Weak small businesses in Spain and Italy could cause the next wave of problems in the European Union. (Reuters) Mobile messaging apps begin to compete with use of Facebook Inc. (NASDAQ:…
ThinkstockMost states rely on a relatively small number of industries for much their employment and economic activity. The industries that come to mind are auto manufacturing, defense, government, financial services and agriculture. As it…
China’s PMI stayed above the critical level of 50, which signals expansion, in March. Data from the China Federation of Logistics & Purchasing and the National Bureau of Statistics showed PMI at 50.9 compared to…
Thinkstock24/7 Wall St. tries to evaluate what the cost of each major holiday will be, or what the economic contribution is. The National Retail Federation tallies each holiday up using data from BIGinsight and…