ThinkstockA number of press reports say that U.S. Airways Group Inc. (NYSE: LCC) will take over the airline operations of bankrupt AMR. The marriage of U.S. Airways and American Airlines would create one of the largest…
ThinkstockGermany’s Federal Labor Agency reported that unemployment in the country improved very slightly in January. Those unemployed dropped a mere 16,000 to a seasonally adjusted 2.92 million. Bloomberg reported: German unemployment unexpectedly declined in…
Courtesy General Motors Co.German Employment Bump Germany’s Federal Labor Agency reported that unemployment in the country improved very slightly in January. Those unemployed dropped a mere 16,000 to a seasonally adjusted 2.92 million. Bloomberg…
courtesy of Google Inc.The market barely reacted to news that Facebook Inc.’s (NASDAQ: FB) revenue spiked higher by 40% to $1.585 billion in the fourth quarter of last year, as compared to the same…
ThinkstockTIME Inc., the publishing arm of Time Warner Inc. (NYSE: TWX), announced it will cut 6% of its staff, as a sickening drop in print revenue has not been offset by online revenue. The…
ThinkstockThe New York Times ran a front page story that revealed its online operations have been repeatedly attacked, apparently by people and organizations in China. The real news about the attacks is that they…
courtesy of MicrosoftIran’s oil exports rise sharply in December, despite sanctions. (Reuters) Deutsche Bank A.G. (NYSE: DB) has a large fourth-quarter loss as it rids its balance sheet of bad assets. (Reuters) Citigroup Inc.…
ThinkstockLas Vegas Sands Corp. (NYSE: LVS) reported fourth-quarter and full-year 2012 results after markets closed today. For the quarter, the casino and resort operator posted adjusted diluted earnings per share (EPS) of $0.54 on…
courtesy of Facebook Inc.Facebook, Inc. (NASDAQ: FB) is out with its fourth quarter earnings. The social media giant reported $0.17 in earnings per share on revenue of $1.585 billion. Thomson Reuters had estimates of…
U.S. equity markets opened mixed this morning following a depressing report on U.S. GDP growth, which turned out to be negative (more coverage here). Even a good jobs report from ADP couldn’t overcome the…
ThinkstockJust when you think that things cannot get any worse at Advanced Micro Devices Inc. (NYSE: AMD), they get worse. Fitch ratings has now downgraded AMD’s corporate credit rating today. This is not normal…
courtesy of Research In Motion Ltd.Research In Motion Ltd. (NASDAQ: RIMM) has now debuted its very late release of the BlackBerry 10 operating system. While we have already seen releases that Verizon, Sprint and AT&T…
Today was far from a normal Fed-day as the FOMC announcement followed a GDP release that was negative for the first time in 13 consecutive quarters. Some things are the same and some things…
ThinkstockEverything about the mining industry is big, so it should come as no surprise that when things don’t work out as planned, the mistakes are big too. Two mining CEOs have lost their jobs…
ThinkstockPeabody Energy Corp. (NYSE: BTU) reported fourth quarter and full-year 2012 results yesterday that were objectively awful, but not bad in context. At least that’s what everyone thought yesterday when the company’s shares jumped…