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. Verizon (NYSE: VZ) will name the head of its wireless unit as the parent’s president and chief operating officer (WSJ) India will ask cellular providers in the nation to upgrade…
In a world where the value and risks of sovereign debt is being constantly threatened, one of the world’s oldest nations will keep its Aaa rating. Moody’s announced that “Despite a weak post-crisis balance…
Washington has a problem, or at least the Administration does. It is tempted to allow tax cuts for the rich, those who make more than $250,000 a year, expire. That will put a burden…
The old folks can’t find work. Neither can the young. But, the young can wait it out. The old have almost run out of time. The New York Times points out that some people…
Bankers plan to find ways to make up the money they will lose as a result of new restrictions on fees set up by federal financial reform measures. Elizabeth Warren, who will run the…
By Robert Herbst One of the most frequent questions I get asked during interviews is: “Why is the airline industry doing so poorly?” There can be a long list of answers to that question…
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: BP plc (NYSE: BP) says its $20 billion escrow has paid out 19,000 claims which total $240 million. Reuters: The US said that BP has “killed” the leaking well. Reuters: Bank of America…
The number of people who are unemployed or underemployed has begun to rise for the first time since last spring. This may be a sign that the economic slowdown that began sometime in the…
Former Reagan Budget Director David Stockman, one of the founders of fiscal conservatism, has emerged as one of the smartest critics of the Bush Tax Cuts. He made his case to Alan Murray of…
Elizabeth Warren, the new interim head of the Consumer Financial Protection Bureau (CFPB), is by all accounts a brilliant and likable woman. She may regret getting the job she campaigned so hard to get.…
According to Reuters Consumer sentiment unexpectedly worsened in early September to its weakest level in more than a year, as distress over jobs and finances intensified among upper-income families, a survey released on Friday…
Updated throughout the day. Citigroup (NYSE: C) may sell its stake in Student Loan Corp (NYSE: STU) (NYPost) Carlyle Group may take a position in several hedge funds (Bloomberg) Apple Inc (NASDAQ: AAPL) is…
ASML Holding (NASDAQ: ASML) cut from “buy” to “neutral” by Goldman Sachs. BHP Billiton (NYSE: BHP), in the midst of a takeover bid for Potash (NYSE: POT) was downgraded by HSBC to “neutral” Goldman…
Research In Motion (NASDAQ: RIMM) is higher by 5% after strong earnings. Oracle (NASDAQ: ORCL) is up 4% after posting good quarterly numbers. Crucell (NASDAQ: CRXL) is up over 55% on news of a…
The CEO’s of America’s largest companies often approach the mic coached by a team of PR people and carefully scripted speechs. Every now and then an executive goes rogue. Emboldened by hubris or just…
“Under promise, over deliver.” Someone forgot to tell Chrysler CEO Sergio Marchionne. He announced that he intends to have an IPO for the No.3 US car company in the second half of next year.…
Potash Corporation of Saskatchewan Inc (NYSE: POT) does not want to be taken over by big miner BHP Billiton (NYSE: BHP). It believes the price which BHP offered is too low, and may also…
Treasury Secretary Tim Geithner made a weak defense for why the Administration had not named China as a “currency manipulator” when he testified before the House of Representatives Ways and Means Committee last April.…