thinkstockAnyone who was skeptical that video would thrive on the small screens of smartphones and the only slightly larger screens of tablets had better sit down. The share of time that people spent watching…
courtesy of Chrysler GroupAutomakers reported March U.S. sales throughout the morning Tuesday, and contrary to all predictions, sales rose across the board for all but one of the major carmakers. Apparently even the nasty…
ThinkstockMobile device users spent two hours and 42 minutes of their time on those devices in March, up just 2.5% over March 2013. Of that time spent, 86% was spent using apps, up from…
General Motors delayed its report on March sales due out Tuesday morning until sometime in the afternoon. The company blamed a computer snafu. But that is not its biggest problem.
When it rains, sometimes it pours, and it is pouring on GM right now. Since February the company has issued recall notices for some 5.5 million vehicles worldwide, including 1.5 million added late Monday.
ThinkstockWhen the S&P 500 index rises more than 25% in a year, you have to figure that some of the largest U.S. corporations are doing pretty well. And you would be right. The cash…
thinkstockMarch 31, 2014: Markets opened higher on Monday even though the report on Chicago PMI was weaker than expected. Fed chairwoman Janet Yellen gave a speech where she clarified her views on where the…
Courtesy of Tesla MotorsAfter years of delay, the U.S. National Highway Transportation and Safety Administration (NHTSA) has issued a final rule requiring vehicles with a gross vehicle weight of 10,000 pounds or less to…
ThinkstockThe national average price for a gallon of gasoline on the last day of March is $3.555, its highest daily average since September. The average price for March is 17 cents a gallon more…
U.S. Department of EnergyThe U.S. Strategic Petroleum Reserve (SPR) currently holds 695.9 million barrels of oil and has a total capacity of 727 million barrels. And unless it is under consideration as an economic…
courtesy of Fiat SpAThe year 2013 was a good one for Fiat SpA. The Italian company was able to acquire the 41.5% stake in U.S. carmaker Chrysler that it did not already own, and…
Dominion Resources announced Monday morning that its wholly owned subsidiary Dominion Midstream Partners has filed a Form S-1 with the SEC for an initial public offering as an MLP.
Workers at a German distribution center for Amazon.com have walked off the job over a pay dispute that has lasted nearly a year. At issue is how Amazon classifies its 9,000 German warehouse employees.
Prana Biotechnology announced Monday morning that top-line results for a Phase II trial of its Alzheimer drug failed to meet its primary endpoint. Shares were slammed in premarket trading.
General Motors reportedly is recalling 172,000 Chevy Cruze vehicles and 490,200 Silverado, Suburban and other pickups and SUVs. Also, CEO Mary Barra is scheduled to testify before Congress.
courtesy of Yahoo!This sounds like a suicide mission: struggling portal site takes on 600-pound video gorilla. Mayhem ensues. Or maybe not. Tech website re/code reported on Friday that Yahoo! Inc. (NASDAQ: YHOO) is working…
ThinkstockLast week, there were 11 initial public offerings (IPOs) scheduled, and 10 made it through. For the coming week, we’ve counted 9 pending IPOs, including one that did not make it out of the…
ThinkstockThe U.S. Department of Agriculture (USDA) released its preliminary report on March farm prices Friday afternoon. The all-products price index rose by 5 points month-over-month (4.7%) to 111, with the crop index up 2.2%…
Wikimedia CommonsThe total number of cars included in the General Motors Co. (NYSE: GM) recall to repair a defective ignition switch rose to 2.6 million on Friday, when the company added 971,000 cars to the…
courtesy of Blackberryquarter results, the firm announced that it had reached a five-year strategic partnership with Hon Hai Precision Manufacturing, aka Foxconn. The Taiwanese company would build some BlackBerry devices and manage the inventory…