More Management Changes at J.P. Morgan
One more of Jamie Dimon’s key aides at J.P. Morgan Chase & Co. (NYSE: JPM) has been caught in the reorganization that began with a multibillion trading loss at the firm’s London office. The Wall Street…
All Work
Trey Thoelcke
U.S. Foreclosures at a Five-Year Low
A new RealtyTrac report says foreclosure filings on U.S. homes in September fell to their lowest level in five years, though foreclosures continued to rise in some states. The decrease as driven largely by…
H&R Block Plans to Shed Banking Unit
H&R Block Inc. (NYSE: HRB) fell 6% in early trading after announcing that it is exploring strategic alternatives for its banking unit. The tax-preparation company wants to avoid new capital requirements under the Dodd-Frank…
OPEC Trims 2012 World Oil Demand Forecast
In its October monthly report, the Organization of the Petroleum Exporting Countries, or OPEC, cited the weak global economy as cause for lowering its forecast for world oil demand by 100,000 barrels to 800,000…
Steve Ballmer Extols Microsoft’s Future
Much of the recent discussion about Microsoft Corp. (NASDAQ: MSFT) has centered around the cut in CEO Steve Ballmer’s bonus, which to some extent was due to ongoing losses in the company’s online operations.…
Chances of a BAE-EADS Merger Dwindle
It has only been a few weeks since BAE Systems and EADS proposed to merge. But objections by large investors, as well as some of the nations that have many employees from one or…
Wall St. Compensation Back in the Spotlight
The office of New York State Comptroller Thomas P. DiNapoli released its annual report on the state of Wall St. The focus of the report, at least according to the press, was this information:…
Google Play Content Comes to Google TV
Google TV is set to get content from the Google Play store, including movies, TV shows and music, a big step in Google Inc.’s (NASDAQ: GOOG) efforts to become a media behemoth. Content will…
BlackBerry 10 Delayed Until March 2013?
Ailing smartphone maker Research In Motion Ltd. (NASDAQ: RIMM) previously pushed back the scheduled launch date of the new range of BlackBerry 10 devices from later this year to the first quarter of 2013.…
Coca-Cola, PepsiCo Join Calories Count Initiative
The American Beverage Association’s President Susan Neely said members of her group have agreed to what they call the Calories Count Vending Program. ABA officials said the plan is a: public-private partnership to provide…
Huawei Technologies Lashes Out at U.S.
Chinese telecom equipment firm Huawei Technologies was not pleased with a congressional report that it is a risk to national security because its products could be used to spy on America. Huawei officials said…
Angela Merkel Gets a Chilly Welcome in Greece
Germany’s Angela Merkel did not get a warm welcome as she traveled to Greece. More than any other nation, Germany has pressed austerity measures there and threatened to withhold aid. Many Greeks understand that a…
Market for Japanese Cars in China Dries Up
The territorial dispute between Japan and China over a set of islands continues to hurt Japanese automakers. Their sales in China dwindled in September as trade between the two countries has faltered. Toyota Motor…
Rumor: Apple Orders 10 Million iPad Minis
According to The Wall Street Journal, component makers in Asia say they have received orders for more than 10 million of the rumored but not yet unannounced iPad mini in the fourth quarter. That…
Yahoo! Investors Seek Share Buybacks
Bloomberg reports that Yahoo! Inc. (NASDAQ: YHOO) investors are urging Chief Executive Officer Marissa Mayer to buy back shares rather than pay a dividend with the $3 billion raised from selling a stake in…
Land Dispute with China Hurts Japan’s Car Makers
The Nikkei newspaper reports that Japan’s big three car makers have cut production for China by half as the two countries remain at odds over ownership of a few small islands. Toyota Motor Corp. (NYSE: TM), Honda Motor Co.…
More Dire Earnings Forecasts
According to the Financial Times: Analysts expect earnings for the period ended September to decline, the first negative result after 11 consecutive quarters of gains. Hardly any prominent analyst has failed to take this…
A Central Eurozone Budget Is on the Table
nationsonline.orgA consensus has begun to emerge that there be one budget for the entire eurozone. The region’s finance ministers will meet shortly. However, it is difficult to imagine why Germany, the strongest economy in…
HTC Posts Lowest Quarterly Profit Since 2006
Today, HTC Corp., once the hot smarpthone firm, reported its lowest quarterly profit since 2006 as it continues to lose market share to competitors Apple Inc. (NASDAQ: AAPL) and Samsung Electronics. HTC reported that…
Avon Chair Andrea Jung to Step Down
Wikimedia CommonsAvon Products Inc. (NYSE: AVP) announced today that Andrea Jung will step down as executive chairman and member of the beauty company’s board of directors at the end of the year. She will…