In the first nine months of 2010, manufacturers pushed some 52 million TV sets into their distribution channels. Unfortunately, only 38.7 million sets made it onto retailer shelves, according to research firm iSuppli. That…
U.S. consumer spending was nearly flat as the economy moved into the fourth quarter. Personal incomes fell in September, a sign the the holiday retail period may be in trouble. Consumer spending rose .2%,…
Updated throughout the day. Intel (NASDAQ: INTC) will begin to make chips for start-ups (NYT) IBM (NYSE: IBM) has made an offer for Fortinet (Bloomberg) Bard Capital Markets Europe will buy Nigel Wright Group…
Several internet analysts believe that Twitter will have 200 million registered users by the end of 2010, which would put it on an extraordinary growth rate much like Facebook’s. Analysts are also quick to…
China’s manufacturing sector somehow keeps growing. The expansion even accelerated in October. The central government’s purchasing managers’ index rose to 54.7 from 53.8 in September. That number was well above most forecasts. The HSBC PMI,…
Blekko.com is the latest search engine to challenge Google Inc. (NASDAQ: GOOG). Venture capitalists and technology inventors look at the company’s $20 billion in revenue and $200 billion market cap and find the search…
China’s PMI grew much faster than expected. (Reuters) China will not slow rare earth shipments. (Reuters) Apple (NASDAQ: AAPL) sued Motorola (NYSE: MOT) over six patents. (Reuters) New search engine Bleeko will rely on…
Apple (NASDAQ: AAPL) has filed suit against Motorola (NYSE: MOT) alleging a breach of six patents. Apple ‘s suits are against Motorola Inc. and Motorola Mobility Inc. They were filed in the U.S. District…
Gold will reach $10,000 an ounce, or so says investment manager Shayne McGuire, who runs a $330 million gold portfolio at the Teacher Retirement System of Texas, according to The Wall Street Journal McGuire reasons…
Consumer spending remained in deep trouble in October. Gallup reports that “Americans’ self-reported spending in stores, restaurants, gas stations, and online averaged $62 per day during the first four weeks of October. That figure…
Some parts of the United States have begun to run low on water. That is probably not much of a surprise to people who live in the arid parts of America that have had…
Here are the highlights from websites that focus on Apple: From AppleInsider — The next generation iPad, which goes on sale in the first quarter of 2011, will feature two cameras, the website says,…
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…