Consumer confidence stumbled in August. Odd, because the stock market was up, and so were retail sales were as well. However, housing and unemployment remained frightening. The Conference Board Consumer Confidence Index, which had…
Nothing terribly good about the new housing data from Case-Schiller. Prices rose a fraction in July. Data through July 2010, released by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices show that the…
Updated throughout the day. Cisco (NASDAQ: CSCO) will unveil an unnamed consumer product. (Reuters) JPMorganChase (NYSE: JPM) will press federal officials about getting back some of the funds it spent to buy Washington Mutual…
The first half retail sales numbers were anemic and so were back-to-school numbers. It has been assumed that a weakening economy would harm 2010 holiday sales as well. Don’t tell that to Toys “R”…
Moody’s may take away Spain’s Aaa rating this week, according to a media reports. The Anglo Irish bank was downgraded due to concerns about risk. The cost of insurance against the debt of the…
Gasoline-powered cars run on gas. It is as simple as that. Regular or high-grade–which depends on the motor. The theory behind the creation of non-gas-powered cars, or partially gas powered cars is that the…
Nearly all the International Monetary Fund (IMF) assessments of large, developed economies read the same now. The agency calls them “Statements of Mission.” They are released once the IMF staff has taken several months…
An industry that goes through a series of mergers usually has several losers, and suppliers are almost always among them. Northwest has merged with Delta (NYSE: DAL) and United with Continental (NYSE: DAL). Word…
Reuters: US businesses fear a fight over the yuan will cause a trade disaster. Reuters: The US will test a cyber-blitz response plan. Reuters: JPMorgan Chase (NYSE: JPM) may go to the FDIC for…
Research In Motion (NASDAQ: RIMM) unveiled a new professional-grade BlackBerry PlayBook tablet and BlackBerry Tablet OS. Measuring less than half an inch thick and weighing less than a pound, the BlackBerry PlayBook features a…
A German firm called “Gold to go” plans to introduce gold vending machines in the US before the end of the year. The timing is no doubt intended to coincide with both US elections…
The Southwest (NYSE: LUV) plan to buy AirTran (NYSE: AAI) for a 60% premium has pushed up the stock prices of all the small carriers. JetBlue (NASDAQ: JBLU) was up less than 6% at…
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…
Updated throughout the day. American International Group (NYSE: AIG) is close to a deal to make good on its obligations to the Treasury. (Reuters) BMW and Saab may set up an engine building and…
AirTran (NYSE AAI) is up 64% on an buyout offer from Southwest (NYSE: LUV) JetBlue (NASDAQ: JBLU) is up 10% in sympathy with AirTran Southwest Air down 3% on plans to buy AirTran. LDK…
Moody’s downgraded the senior debt rating of Anglo Irish Bank by three notches to Baa3 from A3. Hapoalim Securities negative on Trina (NYSE: TSL)–hold– and Solartech Power (NYSE: STP)–sell. Sanford Bernstein takes Nokia (NYSE:…
Apple may have the largest application store in the world with 200,000 apps and nearly 4 billion downloads. But, software developers see Google’s (NASDAQ: GOOG) Android as the mobile platform of the future and…
The Chinese Ministry of Commerce plans to put a levy on broiler chicken parts sent to the most populous nation in the world by American poultry farmers. The tariffs could be as high as…
The Wall Street austerity of 2008 and 2009 has quickly given in to a bounty of riches for the top tier of management at large financial firms. Proxies showed this began late last year.…
The term “innovation” is difficult to quantify when it comes to large companies across different industries. 24/7 Wall St. chose to look at global patent filings, filings by field, and increases in R&D spending…