Microsoft Corp. (NASDAQ: MSFT) is preparing to distribute computers with a version of its upcoming Windows 8 operating system for devices using ARM processors from ARM Holdings plc (NASDAQ: ARMH). This marks the first…
Three of the world’s largest beer brewers are being sued by the Oglala Sioux Tribe of South Dakota, alleging that the beer makers knowlingly sold beer to four stores in Whiteclay, Nebraska, which in…
Mohamed El-Erian, the CEO and co-chief investment officer at PIMCO, told an interviewer at Bloomberg Radio today that the agreement reached by Greece’s political leaders is “analytically questionable.” What El-Erian means, of course, is that…
The federal government and the governments of 49 of the 50 states (Oklahoma is the exception) have agreed to a $26 billion settlement package with 5 big banks over the banks’ mortgage lending and…
At about noon, the three major equity indexes have all turned positive after an up-and-down morning. The DJIA is up about 11 points at about 12,896, the Nasdaq is ;up about 7 points at…
Investment firm Canaccord Genuity said today in its daily newsletter that Apple Inc. (NASDAQ: AAPL) garners about 80% of the operating profit among all handset makers. Of $14.4 billion in industry profit, Apple’s take…
The US Energy Information Administration today reported the US natural gas stocks fell by a total of 78 billion cubic feet, at the low end of the drawdown of 78-110 billion cubic feet that…
The three major US equities indexes opened higher this morning as traders await an agreement on the still-pending Greek debt swap. The DJIA is about 39 points at about 12,923, the Nasdaq Composite is…
Pioneer camera-maker Eastman Kodak Co. (OTC: EKDKQ) will “phase out” its camera business during the first half of 2012 as it continues its restructuring. The company will discontinue manufacturing its digital cameras, pocket video…
In a counter-intuitive report from Bloomberg News, a new survey of shippers indicates that gasoline exports from Europe to the US are set to increase by 18% over the next two weeks. The estimate…
A hacker group called Swagg Security has gained access to internal servers at Chinese manufacturer Foxconn, a large supplier to Apple Inc. (NASDAQ: AAPL), Dell Inc. (NASDAQ: DELL), and IBM Corp. (NYSE: IBM) among…
US index futures are slightly lower this morning, returning to their early morning behavior before yesterday. Observers now think that the Greek debt swap deal will get done just in time to meet a…
The latest unemployment report for the 17 Eurozone countries revealed that unemployment in Greece hit a record 20.9% in November 2011. Among all Eurozone nations, the unemployment rate rose from 10.3% in October to…
Saying that 2012 will be a transition year, Pepsico (NYSE: PEP) chairman and CEO Indra Nooyi revealed today that the company will reduce its global workforce by about 8,700 people (3% of the company’s…
One of the world’s largest mining companies, Rio Tinto plc (NYSE: RIO) saw its profits fall by 59% in 2011, almost entirely due to a $9.3 billion impairment charge on its aluminum business. The…
In a sharp turnaround from the past several months, China’s consumer price index rose in January to 4.5%, higher than the 4.1% forecast. Inflation in China has been easing, from highs over 6% last…
Sometime next week, the US Department of Justice is expected to give its stamp of approval to Google Inc.’s (NASDAQ: GOOG) $12.5 billion acquisition of Motorola Mobility Holdings Inc. (NYSE: MMI) and its 17,000…
In a draft letter to International Monetary Fund managing director Christine Lagarde, Greece’s president, finance minister, and central bank all agree to permanent government spending cuts, reduced pension payments, and a 20% cut in…
The US equity markets opened slightly higher this morning, but soon turned around and spent the rest of the morning lower before returning to about even by afternoon. Equities could close at or near…
Toyota Motor Corp. (NYSE: TM) will spend $400 million to expand its assembly plant in Princeton, Indiana, to build 50,000 more of the company’s Highlander SUV. Toyota is responding to the strong value of…