Updated throughout the day. Bank of America (NYSE: BAC) has found a number of errors in its mortgages (WSJ) Adobe (NASDAQ: ADBE) will try to stay independent. (Financial Times, Germany) The President’s deficit reduction…
The average American consumer plans to spend less on holiday gifts this year, according to a new Gallup poll. Gallup’s initial measure of Americans’ 2010 spending intentions found that people plan to spend about $715…
Labor strikes in France, aimed to get the government to reverse plans for pension cuts and a higher national retirement age, may have cost the nation $200 million in lost business a day. “Beyond the…
Sony lost the spot as the leader in portable music players when it failed to create a product like the Apple Inc. (NASDAQ: AAPL) iPod in 2000. Apple was still a small, weak company.…
The world of car driving would change a great deal if vehicle manufacturers began to compete against rental companies, which are the auto companies’ largest customers. BMW will begin to rent cars in Germany.…
It will take decades to calculate the damage caused by the Great Recession, but there is little doubt that even those lucky enough to have jobs are struggling. For young people starting their careers,…
Reuters: What might have become a currency war before the G20 has turned to very tentative cooperation. Reuters: Emerging nations will have more say in IMF policies. WSJ: Bank of America (NYSE:…
Retirees are struggling right now because investment returns are so low that their pensions and IRAs are not producing enough interest income to meet their expenses. Stock prices are where they were 10 years…
The G20 finance ministers meeting in Korea issued a lukewarm endorsement of the obligations of each nation to prevent the use of its currency as a trade weapon. The statement has not teeth and…
Financial regulatory measures may have finally caught up to the ability of some large banks to stabilize their balance sheets. This problems sits side-by-side with the foreclosure document scandal which has left financial firms…
Consumers who might remain unconvinced about an economic recovery still have to eat. And not all of them are eating at fast food restaurants. Chipotle Mexican Grill, Inc. (NYSE:CMG) reported a third-quarter sales increase…
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:…