ThinkstockHarry Winston Diamond Corp. (NYSE: HWD) announced this morning that it has agreed to sell its luxury brand diamond jewelry and watch division, Harry Winston Inc., to Swiss-based The Swatch Group Ltd. for $750…
ThinkstockIn a filing this morning with the Securities and Exchange Commission, Transocean Ltd. (NYSE: RIG) reported that activist investor Carl Icahn now owns a stake amounting to 1.56% of Transocean’s issued shares. Icahn also…
courtesy of Apple Inc.A reduction in orders for display screens could mean that sales of the iPhone 5 from Apple Inc. (NASDAQ: AAPL) are not going to meet the heady projections many analysts and…
ThinkstockFactory output across Europe continued to collapse in November, which will cause economists to extend the period during which they expect most nations in the region to stay in recession, as well as raise…
ThinkstockChicago Fed President Charles Evans voiced pessimism about the prospects for the America economy in the year ahead. He believes the economy will grow only 2.5% this year, as measured by gross domestic product.…
ThinkstockJ.P. Morgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon’s problems with a trade in the bank’s London office that cause a $6 billion loss may be about to get worse. His board has…
courtesy of Apple Inc.Each January, 24/7 Wall St. forecasts the publicly traded U.S. companies that will have the highest profits in the year ahead. This year, Apple almost certainly will keep first place, well ahead…
courtesy Airbus S.A.Falling European Factory Output Factory output across Europe continued to collapse in November, which will cause economists to extend the period during which they expect most nations in the region to stay…
ThinkstockThe European Commission took the position regarding a United Parcel Service Inc. (NYSE: UPS) buyout of TNT Express that the rules are the rules, at least in so far as their officials see them. Its…
ThinkstockAmerican government officials often rue the divide between the Internet access advantage the middle class have over the poor or that urban and suburban residents have over rural ones. Those gulfs are minor compared…
ThinkstockThe pollution in Beijing has forced the government to strongly suggest people stay inside. Reuters reported that air quality was so bad “pollution (was) 30-45 times above recommended safety levels.” The problem likely will get better, temporarily,…
Chicago Fed President Charles Evans says he expects gross domestic product to rise 2.5% this year. (Reuters) The U.S. government’s sale of shares in General Motors Co. (NYSE: GM) may help the company’s wounded…
U.S. equity markets opened slightly lower this morning as data from Europe and Asia combined with a larger than expected U.S. trade deficit to pour cool, if not cold, water on the opening. In…
ThinkstockXoom Corporation has decided to be one of the first filings for an initial public offering in 2013. The company filed to raise up to $50 million via a common stock sale but no…
ThinkstockThe U.S. federal budget nearly broke even last month. Compared with deficits of $120 billion in October and $172 billion in November, December’s $260 million is very low. For the 2013 fiscal year to…