The US Treasury Department announced the final numbers for the nation’s budget deficit for the fiscal year which ended on September 30. It was the second largest in US history at $1.294 trillion. Receipts…
The Treasury Department caved into pressure and delayed its decision to label China as a currency manipulator. The Administration decided to defer the decision instead of sending a report to Congress which accused the…
As lies go, “we don’t comment about mergers and acquisitions” may not equal “I’ll respect you in the morning” but it’s awfully close. The truth is that companies, their investment bankers and other players…
It was probably only a matter of time before China’s state-owned chemical company Sinochem walked away from trying to raise enough money to make an offer for Potash Corp. of Saskatchewan Ltd. (NYSE: POT).…
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. Sinochem (NYSE: SNP) has given up on its bid for Potash (NYSE: POT) (Reuters) GM should have mid-November IPO (Reuters) Wal-Mart (NYSE: WMT) has renewed it bid for Russian firm…
GE showed the world that it has been unable to transform itself from an unwieldy conglomerate to a company that is worth more than the sum of its parts. The firm says it will…
Most US consumers can buy an Apple (NASDAQ: AAPL) iPhone 4 for $200 or $300, depending on the amount of memory storage. The device can cost closer to $600 when it is not tethered…
OPEC is moving towards supporting $100 oil. Some of its members have already started to lobby aggressively to get the price to that level. There are a number of reasons, but the most immediate…
Angelo Mozilo, the former CEO of Countrywide, one of the firms at the center of the mortgage and credit crises, may settle fraud charges with the SEC. At issue is whether Mozilo and his…
The Treasury Department must decide whether to name China a “currency manipulator” today. Though officials could appear weak by dodging the issue or delaying the twice-yearly report, its impact may be overblown. The law…
Reuters: Obama must decide whether China will be designated a “currency manipulator” before the midterm election. Reuters: Google (NASDAQ: GOOG) shares were up after earnings. Reuters: GM’s IPO should be in mid-November. Reuters: A…
Ted Williams, who some consider baseball’s greatest hitter, was the last player to bat over .400 during a single season (1941). That means Williams got a hit during 40 percent of his at-bats. Surprisingly,…
Bank of America (NYSE: BAC) and Apple Inc. (NASDAQ: AAPL) are a nearly perfect cameo of where the stock market is now, and where it is likely to remain after earnings season. Apple has…
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. AOL (NYSE: AOL) has considered a buy-out of Yahoo! (NASDAQ: YHOO) (WSJ) Walmart (NYSE: WMT) plans a series of small stores in big cities (WSJ) PAI Partners’s planned sale of…
The Brookings Hamilton Project recently pointed out that some of the communities affected by the 1980 to 1982 recession have still recovered. The same is likely to happen to many communities which have been…
Bank repossession of homes passed 100,00 for the first time in September, according to industry research firm RealtyTrac. A record total of 102,134 bank repossessions were reported for the month. If unemployment remains high,…
AirlineFinancials.com estimates the nine largest US airlines, starting next week, will collectively report $2.4 billion in profits from $33.3 billion in revenues. The average net profit margin is 7.2%. Assuming these projections are somewhat…
Wal-Mart (NYSE: WMT) continues to sell a number of products which contain high lead levels and some of these are toys. The same is true about children’s products sold by Target (NYSE: TGT), according…