The bickering over the structure that banks and sovereign bailouts should take continues among Europe’s leaders. As a meeting of the finance ministers of the region ended, two critical issues remain unresolved. The first is whether…
Looks like China’s economic slowdown has claimed another victim. Atlanta-based Home Depot Inc. (NYSE: HD) said today that it will close its remaining seven big-box stores in the People’s Republic. Home Depot chairman and…
The markets’ broad rally has left some sectors behind, most notably the PC and PC-related hardware companies. The death of the platform, which has become broadly accepted by Wall St., has not been changed by…
courtesy NintendoThe new Nintendo Wii U may be a super game console, but probably not super enough. The problems the product faces go well beyond the success of competitive products from Microsoft Corp. (NASDAQ: MSFT)…
The financial ministers of the euro area will meet over the next two days. There is a very wide range of topics that they might discuss. The gathering should begin with some optimism about ECB plans…
The short interest in biotech stocks is generally falling, judging by the short interest changes from August 31 settlement date versus the August 15 settlement date. We have tracked the key short interest changes…
AppleOne of the questions that came out of the unveiling of the Apple Inc. (NASDAQ: AAPL) iPhone 5 is whether it can help the company’s flagging fortunes in China, the largest wireless subscriber market…
The rate of foreclosures in the U.S. has crept up again, after a number of months of improvement in some states. The way the courts in several states treat the foreclosure process is part…
Nintendo will continue its effort to make a comeback in the video game console business. It will introduce its new Wii U in Japan on December 8. It is a wonder that the Japanese…
courtesy of BaiduWhile Chinese Internet search company Baidu Inc. (NASDAQ: BIDU) slipped in early trading, its competitors Sohu.com Inc. (NASDAQ: SOHU), SINA Corp. (NASDAQ: SINA) and Youku Tudou Inc. (NYSE: YOKU) all surged after…
nationsonline.orgEurostat, the European Union’s official statistics agency, said today that industrial production in the 17 eurozone countries was 0.6% higher in July than in June, but 2.3% lower than in July 2011. Economists had…
Apple Inc. (NASDAQ: AAPL) probably will introduce the new iPhone 5 today. What can be said that has not already been said? Nothing. The smartphone may have the capacity to connect to superfast 4G LTE networks. It might…
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…
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 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, 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,…
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…
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…
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…
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…