According to the Treasury Inspector General for Tax Administration (TIGTA), the number of tax returns containing errors rose by 7.1 percent during the 2010 filing season. As a result, 125,762 individuals received nearly $111.4…
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…
Updated throughout the day. Obama may urge $50 billion in new businees invesment. (Bloomberg) BHP Billiton (NYSE: BHP) may withdraw its bid for Potash (NYSE: POT) (various) Douglas A. McIntyre
Some of the recent acquisitions by one public company or another have given shareholders huge windfalls. 3Par was sold at an extraordinary valuation after a bidding war between Dell (NASDAQ: DELL) and Hewlett-Packard (NYSE:…
The Apple Inc (NASDAQ: AAPL) iPhone line of smartphones has been an unqualified success, but the magnitude of that success has only just become clear. Research firm Strategic Analytics reports that cellphone sales rose…
Even before the current mortgage paperwork crisis, foreclosures in major cities began to accelerate again. Some analysts believe that the bank debacle will exacerbate the trouble, but it is trouble enough on its own.…
A lawsuit alleges that Toyota Motor (NYSE: TM) secretly bought problem cars. (Reuters) Microsoft (NASDAQ: MSFT) earnings were better than expected. (Reuters) The AIA IPO moved up 17% on the Hong Kong exchange. (Reuters)…
Most Americans (53%) are worried about making their rent and mortgage payments, according to a poll released today by the Washington Post. The poll’s results are depressing but hardly surprising. The almost daily headlines…
In March 2008, an analyst at Goldman Sachs predicted that the price of crude would see a “super spike” all the way to $200 per barrel. At the time, a barrel of crude cost…
Oil and gas giant Exxon Mobil Corp. (NYSE:XOM) reported an earnings jump of55% this morning, solidly above expectations. For the company’s third quarter, diluted EPS came in at $1.44 compared with estimates of $1.39.…
Below are highlights from the Apple press: From AppleInsider: Good news geeks: Apple (AAPL) has begun offering unlocked versions of the iPhone 3GS and iPhone 4. The bad news is that this only is…
Wal-Mart Stores Inc. (NYSE:WMT) started a digital movie download service with Hewlett-Packard Corp. (NASDAQ:HPQ) in 2007 that lasted for about a year until it was shut down because of lack of consumer interest. Its…
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…
Updated throughout the day. Tiger Asia has received a subpoena. (NYT) Walmart (NYSE: WMT) may cut it offer for Massmart of South Africa. (Reuters) Douglas A. McIntyre
Wells Fargo (NYSE: WFC) will modify 55,000 mortgages, a tacit admission that it had done something wrong with the home loans in the first place. The big bank announced that: Out of an abundance…
Nintendo has found out what it is like to be Sony (NYSE: SNE). The powerful Japanese inventor of the Wii now finds the sales of its console in free fall much as Sony did …
The balance of power in Europe is simple. Germany is the largest nation by GDP. It is also the healthiest economy in the region, driven by intelligent industrial and labor policy and robust exports.…
The print industry is dead. That has been the conventional wisdom for years, and it is becoming increasing clear that the conventional wisdom is correct. What may be news is that network and cable…
Comcast Corp. (NASDAQ: CMCSA) has been declared dead so many times that CEO Brian Roberts might want to dress up like a vampire for Halloween. First, the media declared Comcast its own worst…
Mortgage investors have begun to pressure banks to buy back bad loans. (Reuters) China may use its rare earth stocks to help it move ahead with alternative energy. (Reuters) Bank of Japan released details…