Warren Buffet, who appears on CNBC so often that he probably gets invited to its holiday party, told the cable channel’s Becky Quick this morning what anyone who has a pulse already knows —…
Chinese Premier Wen Jiabao pressed his case that the yuan had little to do with trade deficits and joblessness in the US. His comments come just as the Ways and Means Committee prepared to…
Blockbuster filed for Chapter 11 as expected. The rental chain declared that it reached agreement with a group of bondholders holding approximately 80.1 percent principal amount of the company’s 11 3/4 percent senior secured…
Europe’s growth has begun to slow, which will raise fresh questions about whether debt issued by the nations in the region has become risky again. Or, it may have been risky all along. Concerns…
The demand for e-readers is nearly insatiable and the trend is likely to continue, at least for a little while. People with e-readers read more, which is good for the e-book industry. “Overall, two…
The SEC Inspector General said the the timing of a fraud case against Goldman Sachs Group was “suspicious” and may have been used to cover its mistakes in failing to discover a Ponzi scheme…
Reuters: The Chinese premier said he would not succumb to pressure from the US on the value of the yuan. Reuters: An SEC watchdog said the timing of the charges against Goldman Sachs Group…
Attention hipsters and wannabe hipsters: the price of your finely crafted Starbucks Corp. (NASDAQ: SBUX) caffeinated beverage is going up. Starbucks Chief Executive Howard Schultz, who has lead a remarkable turnaround at the Seattle-based…
Blockbuster Inc. is going bust. The struggling movie rental outfit is set to file for Chapter 11 bankruptcy tomorrow and receive $125 million in debtor-in-possession financing to forestall the inevitable liquidation, according to Bloomberg…
Too often, most Wall Street analysts are a day later and a dollar short. UBS analyst John Janedis, however, managed to get it right about the New York Times Co. (NYSE: NYT). Janedis, one…
“U.S. house prices fell 0.5 percent on a seasonally adjusted basis from June to July, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.3 percent decline in June…
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. Sinochem has hired bankers to consider at bid for Potash (Reuters) The CEO of HSBC (NYSE: HBC) may quit if he is not named chairman of the bank (FT) Research…
The recession is, by the standard measurement, over. The National Bureau of Economic Research’s Business Cycle Dating Committee said the downturn ended in June 2009. Most polls of individuals and company executives say otherwise.…
Apple Inc’s (NASDAQ: AAPL) Mac and iPad continue to dominate Window’s based PCs in surveys. The new ASCI study of customer satisfaction is no exception. “Apple continues its dominance, leading the PC category by…
Larry Summers is gone now. His two years of duty as the head of the National Economic Council are over. He will return to Harvard, where he was once kicked out as President, to…
Microsoft (NASDAQ: MSFT) has struggled with a stock price which is stuck where it was five years ago. The world’s largest software company’s revenue in its last fiscal year is not much different from…
The concerns that people have about employment are supposed to get better and not worse as the economy comes out of a recession. That is not true among most Americans, according to research from…
Reuters: White House adviser Larry Summers will leave. Reuters: There is more support in Washington to press China hard on the yuan. Reuters: The prime minister of Japan said its intervention on the yen…
The sad state of the IRS’s computer networks has been documented in government reports for years. Now, as the federal government’s deficit balloons past $1 trillion, the notion that the agency’s poor data collection…