U.K. Unemployment Little Changed
The U.K. Office for National Statistics reported that unemployment in the three months that ended in July was 8.1%. The is up from 8.0% for the three months that ended in June. The actual…
All Work
Trey Thoelcke
2012 Best Colleges and Universities
What would the autumn be without the release of the U.S. News & World Report ranking of best colleges and universities. And what would the list be without Harvard — founded in 1636 and…
Moody’s Updates Outlook for U.S. Debt Rating
Moody’s said today that budget negotiations during the 2013 congressional legislative session likely will determine the direction of the U.S. government’s Aaa rating and negative outlook. In the Moody’s Investors Service report, “Update of…
Samsung to Sue Apple over LTE Use on iPhone 5
Samsung, which has been locked in an ongoing series of high-stakes patent trials with Apple Inc. (NASDAQ: AAPL), has previously threatened to sue the iPhone maker if it were to release LTE-enabled products. Well,…
How Big Will the iPhone 5 Launch Be?
As the launch date of the Apple Inc. (NASDAQ: AAPL) iPhone 5 approaches (probably tomorrow), the speculation about how many units will be sold multiplies. Famous Apple-watcher Gene Munster of Piper Jaffray says 10…
German Constitutional Court Will Not Delay Its Ruling
There was some worry that late challenges to whether Germany can legally help fund the bailout of many of its neighbors would slow a decision about its constitutionality of such actions. But Germany’s Constitutional…
Study: Middle Class Suffers While Rich Get Richer
The new Economic Policy Institute (EPI) study — “The State of Working America, 12th Edition” — shows that the rich have gotten richer as the poor have gotten poorer. In addition, the middle class…
Investors Not Impressed with JCPenney Haircuts
courtesy J.C. Penney Co. Inc.What’s the big news this morning about JCPenney Co. Inc. (NYSE: JCP)? That the struggling retailer has extended its free haircuts for kids promotion. But investors do not seem to…
Carrier Alliance to Take On AT&T and Verizon Wireless
The lobbying group Rural Cellular Association will announce today that it is rebranding its organization and calling itself the Competitive Carrier Association in order to help all competitive carriers compete more effectively against AT&T…
Carl Icahn Demands Four Navistar Board Seats
Activist investor Carl Icahn is nothing if he is not persistent. He is now calling on Navistar International Corp. (NYSE: NAV) to make four board seats available to shareholders immediately. Icahn, who owns almost…
Italy, Spain Spurn ECB Bond-Buying Plan
One of the problems with the ECB bond-buying plan, which was hailed last week as a way to help curb the borrowing costs of financially troubled nations, is that it may have no takers.…
German Judge to Decide the Fate of the Euro
The possibilities of a broad set of bailout programs for Europe’s weak nations rests in part with the top Germany court — the Constitutional Court. On Wednesday it will announce whether the German government can…
Hollande Proposes New Taxes, Austerity Measures for France
France has taken another step toward severe austerity programs set by the central government. Its economy has dipped into a recession. New President François Hollande claims that the government needs to cut costs and place…
Delta Rises on Fuel Cost Reduction Efforts
This morning’s disappointing employment numbers from the Labor Department haven’t stopped Delta Air Lines Inc. (NYSE: DAL) investors from pushing shares 3% higher in morning trading to nearly $9.50 per share. The 52-week range…
China’s Extraordinary Stimulus Package
flickr/Harald GrovenChina has decided that what its economy needs is an extraordinary stimulus package. As its growth in gross domestic product drops toward what is likely to be 7% and its PMI data shows contraction…
Delta Air Seeks North Dakota Crude
Wikipedia/Public DomainDelta Air Lines Inc. (NYSE: DAL) will move further into the oil refinery business as a means to keep its fuel costs low. While other airlines have not followed into the business, the play…
Greek Economy Slumps Further
Greece’s official government data firm Elstat reported that the nation’s economy contracted at a rate of 6.3% per annum based on second-quarter figures. The numbers were a revision of previous preliminary forecasts, and they reinforce the notion that…
Ford, BMW Report Strong Sales in China in August
Ford Motor Co. (NYSE: F) said today that strong demand for the Ford Focus helped drive sales in China in August higher. Ford and its joint ventures in China sold 48,631 vehicles in the…
OECD Cuts European GDP Forecasts
The Organisation for Economic Co-operation and Development reports that the recession in Europe has begun to become an irresistible drag on the economy throughout much of the balance of the developed world. And the problem could…
Fewer Gamers Means More Headaches for Console Makers
The total number of people who play video games in the United States fell from 2011 to 2012. This represents another challenge to major console manufacturers, particularly Microsoft Corp. (NASDAQ: MSFT), Sony Corp. (NYSE:…