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…
All Work
Trey Thoelcke
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…
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…
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…