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…
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…
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…
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…
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.…
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…
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 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…
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 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,…
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…
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…
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…
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…
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 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…
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…
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…
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:…
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…