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…
Global sales of all types of electric-powered vehicles is expected to be under 1 million units of the estimated total of 44.7 million units that will be sold in 2010. By 2020, nearly 71…
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. The Federal Reserve will begin modest easing next week (WSJ) Google (NASDAQ: GOOG) is about to purchase a large Manhattan commercial building for $2 billion (NYPost) The CFTC will investigate…
Bank stocks will rebound and telecom shares will rise. That is, at least, the prevailing opinion among short sellers as of October 15. Telecom and telecom equipment shares will benefit from an exit of…
It is a lengthy way to say that electronic batteries can nearly be perpetual motion machines. “Ecole Polytechnique Federale de Lausanne and IBM (NYSE: IBM) announced a major research initiative, with several leading academic…
Larry Ellison, the founder and CEO of Oracle (NASDAQ: ORCL), is one of the most powerful and wealthy executives in the world. He has also set himself up to be judge, jury, and hangman…
The government austerity budgets being put into place around Europe have raised the ire of powerful labor unions which have already proven this year that they can disrupt the business and government operations of…
Moody’s reports that US corporations have amassed $1 trillion in cash. The document, entitled “U.S. Corporate Cash Hoard Near $1 Trillion, But Unlikely To Be Used for Expansion” explains that these firms view the…