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…
Reuters: American International Group (NYSE: AIG) and the Treasury are closer to a deal to recoup the taxpayers’ investment in the insurer. Reuters: China said movement on a bill to force revaluation of the…
Hyundai has been the fastest growing car company in the US over the last two years. It has matched high quality with low prices, much as Japanese manufacturers did for three decades. The company’s…
Short sellers increased their positions in a number of telecom and tech stocks. Shares sold short in AT&T (NYSE: T) rose 14% to 58.2 million. The short interest in Verizon (NYSE: VZ) rose 15.6%…
In a move that should have surprised no one, Comcast Corp. (NASDAQ: CMCSA) said today that it was replacing Jeff Zucker as head of NBC Universal once the business is sold by General Electric…
The House Ways and Means Committee rejected arguments by China and some economists that the manipulation of the yuan has been harmless to US trade. China recently stated that America could no longer be…
Attention college seniors: it’s an awful year to graduate college. Anyone with a brain knows that given the state of the economy but the Brookings Institution recently spelled it out in frightening detail.…
The success of the company is particularly spectacular because it is largely a four-product enterprise, consisting of the iPad, iPod, Mac, and iPhone. It also produces a suite of supporting software that includes its…
Sales of new single-family houses in August 2010 were at a seasonally adjusted annual rate of 288,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and…
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. ARM Holdings (NASDAQ: ARMH) is a buy-out target (various) Tibco (NASDAQ: TIBX) is a buy-out target (Barron’s) Japan may further intervene in financial markets to affect the price of the…
AMD (NYSE: AMD) is up 2% after lowering its earnings forecasts Vical (NASDAQ: VICL) down 14% on late stage drug trial failure. ARM Holdings (ARMH) up 7% on buyout rumors. Sirius XM (NASDAQ: SIRI)…
Piper Jaffray upgrades shares of Kenexato Overweight and raised the its target to $29 from $13. BNP Paribas was downgraded to “equal weight” from “overweight” by Morgan Stanley on valuation grounds Natixis SA was…
Oracle’s (NASDAQ: ORCL) revenue run rate is about $60 billion a year. That compares to $100 billion for IBM (NYSE: IBM) and Hewlett-Packard (NYSE:HPQ). Oracle has advantages as it attempts to catch its two…
The will of the Spanish to hold to their austerity plan has begun to be questioned. The nation’s finance minister, Elena Salgado, will present her budget for the next year shortly. Capital markets investors…
Bristol-Myers Squibb (NYSE: BMY) will cut nearly 1,000 workers. That is on top of large rounds of firings in 2007 and 2008. The company gave an odd reason for the action.”The ultimate goal of…
Anheuser-Busch InBev plans to give out 500,000 free samples of Budweiser beer over the next few weeks. The offer will target upscale bars and restaurants. According to Reuters, “In addition to the free samples,…
Reuters: Petrobras raised $70 billion in the largest stock offer in history. Reuters: There will likely be no tax cut before the election, according to Democrats Reuters: Obama asked the Chinese premier for more…
Just over a week ago, Petroleo Brasileiro SA, Petrobras, (NYSE: PBR) reached an agreement with the Brazilian government over how much the company would pay for the right to develop the so-called offshore pre-salt…
Republicans today unveiled the economic agenda they will pursue if they take over one or both Houses of Congress, as many expect they will, that was long on dramatics and short on substance. The…