Carol Bartz: Yahoo! CEO For Life
Carol Bartz, the CEO of Yahoo! (NASDAQ: YHOO), is supposed to be fired this week, this month, or later this year, according to a number of media outlets. The reason is that Yahoo!’s stock…
All Work
Douglas A. McIntyre
Individual Investor Leaves The Market? He Is Just Asleep
Almost every piece of data on major market volume shows that the number of shares traded on an average day continues to drop. There are a great number of guesses about why. The Wall…
24/7 Wall St.’s Corporate Power Rankings: Week 39
The 24/7 Wall Street Corporate Power Rankings of the 32 most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and…
Media Digest 10/4/2010 Reuters, WSJ, NYT, FT, Bloomberg
Reuters: The American Sociology Review said a group of mortgages aimed at racially segregated neighborhoods helped cause the mortgage crisis. Reuters: Sanofi-Aventis made an $18.5 billion offer for Genzyme (NASDAQ: GENZ). Reuters: Philadelphia Fed…
The Best and Worst Run States In America: A Survey of All Fifty
How well run are America’s fifty states? 24/7 Wall St. has taken several months to consider that question. Our writers looked at hundreds of data sets ranging from debt rating agency reports to violent…
Ireland’s Low Tax Days Are Numbered
Ireland’s economy is in a state of chaos thanks to a taxation system that is both inefficient and unfair. About the only group not complaining are the many American companies who consider the Emerald…
Why Many Americans Will Never Retire
Economists have expected for some time that many Americans will need to delay their retirements and work well into their 70s. There are no longer sure sources of investment retirement funds because of the…
Newer Apple iPad Owners Not In Love With Tablet
Customers who bought Apple (NASDAQ: AAPL) iPads when the table was first introduced loved the machines. People who have bought them more recently–not so much. NPD research shows that “almost 80 percent of early…
Microsoft Launches Assault On Android Through Motorola
Microsoft Corp. (NASDAQ: MSFT), which has failed to catch Google Inc. (NASDAQ: GOOG) in search, is now trying to battle it the in mobile operating systems market. It’s a longshot at best. The world’s…
Ford Sales Close In On GM In September, But Lincoln Dies
Ford Motor (NYSE: F) wants to be the No.1 car company in America. It came close in September. Ford’s sales rose 46% to 160,873. GM’s units sold rose 22% to 172,969. Ford’s sales were…
The Twitter-24/7 Wall St. Market Report 10/1/2010 Personal Income Up .5%, BMW Recall, Gold Record
Twitter has, by most estimates, 100 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…
BP Well Costs Move About $11 Billion
BP plc (NYSE: BP) said it has pledged collateral to cover the costs of the independent escrow fund meant to cover claims and liabilities from the Deepwater Horizon spill. That is no news. But…
Unemployment May Not Recover Until 2015
The level of unemployment may not return to pre-crisis levels until 2015. The International Labour Organization reports that “if current policies persist, a recovery in employment to pre-crisis levels will be delayed until 2015…
Microsoft Prepares Large Smartphone Launch Which Could Work
Microsoft (NASDAQ: MSFT) may be late to launch a line of smartphones with its Windows 7 Mobile OS, but it plans to make up for that with a major foray into the business. The…
IMF: Budget Cuts Will Hurt Growth
Among the profound conclusions in the IMF’s new “World Economic Outlook” is that “initially fiscal retrenchment typically has contractionary short-term effects on economic activity, with lower output and higher unemployment.” The statement is obviously…
Why BP Does Not Need A Dividend
BP plc (BP) eliminated its dividend as the cost to the company of the Deepwater Horizon spill rose into the billions and billions of dollars. The UK-based firm says it has already spent $4…
China’s PMI Surges As Trade Battle Will Target US Services Sector
It is good to be in the manufacturing business in China now. The nation’s purchasing manufacturer’s index jumped more than expected to 53.8% in September, up 2.1% points from August, the China Federation of…
Media Digest (10/1/2010) Reuters, WSJ, NYT, FT, Bloomberg
Reuters: Hewlett-Packard (NYSE: HP) named the former CEO of SAP (NYSE: SAP) as CEO and a former president of Oracle (NASDAQ: ORCL) as chairman. Reuters: A trade by Waddell & Reed Financial helped start…
Mortgage Rates Hit All-Time Low, Does Not Help Slide In Home Prices
Average interest rates on fixed 30-year fixed-rate mortgages have fallen to an all-time low of 4.37%, according to Freddie Mac’s weekly survey of conforming mortgage rates. The drop in rates clearly has done little…
Google’s Android Gains On The Apple iPhone
Google Inc.’s (NASDAQ: GOOG) Android mobile phone operating system continues to eat away at the Apple Inc. (NASDAQ: AAPL) iPhone’s lead in the smartphone market. According to ChangeWave survey of 4,000 respondents, completed Sept.…