The problem is fairly simple. About 11 million home mortgages in the US are underwater. These homeowners owe more for their homes than their homes are worth. That has had several effects. The first…
The Organisation for Economic Co-operation & Development released its Programme for International Student Assessment (PISA) for 2009. The research is done every three years. The 2009 survey include data from 35 nations. The poll covers…
There is growing evidence that the Nintendo Wii, which dominated game console sales for nearly three years, is losing market share. That position has been taken by the Microsoft (NASDAQ: MSFT) Xbox 360. The…
The US government has broadened it probe of insider trading. (Reuters) The euro will not last more than a few years, according to Jim Rogers. (Reuters) Fannie Mae and Freddie Mac are in discussions…
Investors are starting to believe the talk that better times lie ahead. According to just released 24/7 Wall St./Harris Poll on Investing, many plan to increase the amount of money they invest over the…
Updated throughout the day. Samsung will try to push cellphone unit sales up 18% next year to 330 million (Electronic Times) BP plc (NYSE: BP) may sell its North Shore assets (Bloomberg) Blackstone…
Oil, just $75 a barrel two months ago, rocket past $90 which raises the specter of $3 a gallon gasoline for at least the next two months. The factors which have driven prices higher…
Tech spending, fueled by the growth of cloud computing and the economic recovery, is expected to rise 5.7 percent to $1.6 trillion, according to market researcher IDC. That’s an improvement over the 3 percent…
Amazon.com (NASDAQ: AMZN) is the largest e-commerce business in the world by almost any measure. The company has a market valuation of more than $80 billion, which makes it one of the 50 most…
Staffing giant Manpower has released its forecasts for employment conditions for the first quarter of 2011. They are optimistic, and in some cases ebullient. “Data reveals improved hiring expectations from 12 months ago in…
Barack Obama lost most of his arguments with Republicans about extending the Bush tax cuts. The old tax system will be extended for two years. Payroll taxes will be lowered for 2011, and a…
A review of the proxy sent by J Crew Group (NYSE: JCG) to its shareholders shows that CEO Mickey Drexler withheld from his board important information about the early stages of negotiations to sell…
Reuters: Obama’s deal with Congress will extend Bush tax cuts for two years. Reuters: The US will sell its remaining shares in Citigroup (NYSE: C) and will make a $12 billion profit. Reuters: China…
AT&T Inc.’s (NYSE:T) doesn’t have much time left to keep its promises to fix what it bills as the “nations’ fastest mobile broadband network.” It may not be worth the bother. As Consumer Reports…
In an interview with The Financial Times, American Express Co. (NYSE: AXP) Chief Executive Kenneth Chenault called for the formation of task force among business and political leaders to tackle the unemployment problem. This…
Twitter has, by most estimates, 145 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
Active traders and day traders have many stocks to choose from this Monday morning. We are tracking news and moves in shares of CNinsure Inc. (NASDAQ: CISG), Verigy Ltd. (NASDAQ: VRGY), Nova Measuring Instruments Ltd. (NASDAQ: NVMI), LTX-Credence…
The regulator filing reads: The Reporting Persons have informed the Issuer that they would be prepared to finance, on mutually acceptable terms, an offer by the Issuer to purchase all of the equity securities…
The Dow Jones Industrial Average (also called The Dow, Dow 30 and the DJIA) is what most Americans think of as the “stock market.” The widely followed benchmark of 30 American stocks, however, no…
Pfizer’s (NYSE: PFE) CEO Jeff Kindler resigned because he was tired, he says. “The combination of meeting the requirements of our many stakeholders around the world and the 24/7 nature of my responsibilities, has…