Individual philanthropy has been at the heart of American culture since its founding. Considered the oldest charity founded in America, the St. George Society, provided aid to impoverished colonists before the Declaration of Independence…
Economists, including those at the Fed, are concerne that the U.S. could enter a deflationary cycle. Companies are forced to lower prices in order to boost demand. Faced with lower revenues, they lay off…
This is the Twitter-24/7 Wall St. market report for October 22, 2010. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
Updated throughout the day. News Corp (NYSE NWS) has killed its digital newsstand (Reuters) Cnooc of China and Ghana National Petroleum have bid $5 billion for Kosmos Energy’s assets in Ghana (NYT) Metro-Goldwyn-Mayer plans…
The Sex.com domain sold for $13 million. Clover Holdings, based on the island of St. Vincent, made the winning bid. No one knows why. The BBC reports that “The sex.com domain has changed hands…
Hewlett-Packard (NYSE: HPQ) has begun to show its new Slate tablet PC. The company still guards some details about the machine, but the media has ferreted out a bit about how the product will…
The cost for the UK to borrow money fell to its lowest level in decades. It is now below Germany, which is close to a miracle based on how the capital markets viewed the…
The search engine as a key part of the internet was born with the products of companies such as Altavista back in the late 1990s. The usefulness of search to consumers advanced as Yahoo!…
Reuters: The US will push a trade and foreign exchange agenda at the G20 meeting. Reuters: Fed officials are still not in agreement about quantitative easing. Reuters: American International Group (NYSE:…
“Double Irish” and “Dutch Sandwich” sounds like action movies or detective novels. The last thing that anyone would suspect them to be were sophisticated tax avoidance strategies that save Google Inc. (GOOG) and other…
Like all well-run businesses, the federal government has a worst, best, and middle case for the cost to bail out Freddie Mac and Fannie Mae. The range is from $221 billion to $363 billion,…
How investors view the oil field services business depends a lot on whether a company is heavily involved in offshore drilling. Onshore drillers have seen share prices rise steadily as production companies in the…
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. Goldman Sachs Group (NYSE: GS) may buy back the $5 billion investment that Warren Buffett made in the investment bank. Fannie Mae and Freddie Mac will retain lawyers to recover…
McDonald’s (NYSE: MCD) earnings were up again and it renewed its commitment to raise its dividend which adds to the return it has made to shareholders through buy-backs and improved pay-outs. The firm said…
AT&T (NYSE:T) turned in strong wireless numbers but its fiber-to-the-home numbers were anemic. The drop in its consumer landline business continues to damage the company’s prospects For the quarter ended September 30, 2010, AT&T’s…
E-commerce sales are still below 10% of all retail sales in the US, but the category has posted a better growth rate than bricks-and-mortar revenue for some time. comScore reported that between Black Friday…
Almost no one expected Nokia (NYSE: NOK) to post strong third quarter earnings, but it did. Revenue rose 5% to 10.27 billion euros. Operating profit rose to 423 million euros from a 426 million…
The Transportation Department probably keeps statistics on car recalls which date back to the Model T. It does not matter much since problem cars are recalled for an infinite number of reasons and some…
Third quarter GDP growth in China slowed to 9.6% from 10.3% in the second. Economists said this was a return to “normal” growth instead of an unsustainable expansion. It is, in fact, no slow…