GM Dismisses Opel Sale Rumors
In response to rumors that it may be in talks with Fiat again, General Motors Co. (NYSE: GM) reiterated today that its European Opel brand is not for sale. An Italian newspaper said earlier…
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Trey Thoelcke
German Court Sides with Motorola in Patent Suit
The Mannheim Regional Court has ruled that Google Inc.’s (NASDAQ: GOOG) Motorola Mobility division does not infringe on a patent held by Microsoft Corp. (NASDAQ: MSFT) that enables applications to work on different handsets.…
World Economic Crisis to Last at Least a Decade — IMF
The chief economist of the International Monetary Fund said that the current world financial crisis and recession could last for another decade. This echos concerns by other experts that slow job growth, huge national…
Court Ruling on IPO Suits Is Good News for Facebook
Facebook Inc. (NASDAQ: FB) will not have to face scores of suits over flaws with its initial public offering. A court has ruled that all of these cases should be put together, which should help the social…
American Airlines Loose Seat Problems Multiply
American Airlines Problems American Airlines, the operating business of bankrupt AMR, cannot seem to solve the problems of how the seats are fastened to the floors of its planes. Coming just after a pilot…
Mortgage Rates Fall to Record Lows
Freddie Mac said today that mortgage rates fell to record lows for the second week in a row. The 30-year fixed-rate mortgage averaged 3.36%, with an average 0.6 point for the week ended Oct.…
Unilever Seeks Buyer for Its Skippy Brand
Unilever PLC (NYSE: UL) is reportedly in search of a buyer for its North American peanut butter brand Skippy. The consumer goods giant has hired Lazard Ltd. (NYSE: LAZ) to help conduct the sale,…
Downsizing Activity Relatively Flat in September
U.S.-based employers planned to cut 33,816 jobs in September, according to outplacement firm Challenger, Gray & Christmas That was up 4.9% from 32,229 in August, as well as 71% lower than in September of…
Google Warns of Further Restructuring at Motorola
Back in August, Google Inc. (NASDAQ: GOOG) said it would cut 4,000 Motorola Mobility workers, or 20% of the workforce, as the company shifted away other handset development in order to focus on making…
Facebook Tests Fee-Based Post Promotion
courtesy Facebook Inc.Facebook Inc. (NASDAQ: FB) users will be able to see how well they promote themselves, events or other important information across the social network. But it will cost money — about $7 per for…
AT&T to Sell New Nokia Lumia Smartphones
Nokia Corp. (NYSE: NOK) is about to get a boost from AT&T Inc. (NYSE: T). Reports indicate the huge wireless service network will launch the new Lumia 920 and 820 smartphones. Each runs on…
China’s Ecomonic Slowdown Curbs Macau Gambling Revenue
Macau gambling revenue came in short of expectations. Macau has become the Mecca of gaming firms as activity has slowed, particularly in places like Las Vegas and Atlantic City. Macau’s government said revenue rose…
Netflix Rises on Analyst’s Comments
Netflix Inc. (NASDAQ: NFLX) surged this morning in the wake of Citigroup analyst Mark Mahaney late Tuesday reiterating a Buy rating. Reasons for the rating included “a highly reasonable valuation, a generally positive execution…
T-Mobile Merger with MetroPCS Rolls Ahead
So the boards of Deutsche Telekom and MetroPCS Communications Inc. (NYSE: PCS) have approved a deal for a merger of the latter with the former’s U.S. subsidiary, T-Mobile USA. The deal will give the…
Gasoline Prices Tick Higher
The drop in gasoline prices is over for now. The average per-gallon price of regular nationwide, according to the AAA Fuel Gauge, was $3.782, compared to $3.780 the day before and $3.805 a month…
Best Brands: Apple Gains on Coca-Cola
Interbrand has released its “Best Global Brands of 2012,” which contains no surprises. Coca-Cola Co. (NYSE: KO) remains at the top of the list with a brand value of $77.8 billion. Apple Inc.’s (NASDAQ:…
Analyst Suggests Banks Abandon New York
Infamous bank analyst Dick Bove believes that banks are treated so badly by the State of New York that they should abandon the location and move to alternate places. After the New York Attorney General filed…
Eurozone PMI Slips in September
nationsonline.orgFewer new orders and increasing layoffs marked a worsening decline for eurozone companies last month, diminishing hopes that the region’s economy would return to growth in the fourth quarter. Markit’s Eurozone Composite Purchasing Managers Index (PMI)…
Production Has Begun on a Smaller iPad
The Wall Street Journal reported this morning that Apple Inc.’s (NASDAQ: AAPL) Asian component suppliers have begun production of a new tablet computer that is smaller than the latest iPad model that came out…
Former Nokia Employees to Launch Mobile Operating System
The Wall Street Journal reports that some former Nokia Corp. (NYSE: NOK) employees have raised 200 million euros ($257.8 million) from several telecommunications companies to launch a new mobile operating platform based on discarded…