Updated throughout the day. “China’s state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada’s Potash Corp” (Reuters) “J.C. Flowers & Co. and three…
BP plc (NYSE: BP) in its internal report on the Deepwater Horizon incident made certain that there was plenty of blame to go around. It is evident that a series of complex events, rather…
The Greek economy has begun to disappear, or more appropriately, the process has begun to happen more quickly. Greece’s 240 billion euro economy, about 2.5% of the euro zone, contracted 3.7 percent in the…
Seventy-three percent of American have been victims of cybercrime which includes computer viruses, online credit card fraud and identity theft. Oddly enough, 54% of those victimized believe that they should have been more careful–a…
President Obama has presented a series of proposals for new programs that he says will help restart the economy. The president may be absolutely right, but he knows that odds that the legislation that…
Reuters: Japan’s plan to intervene in yen trading has not moved the currency lower. Reuters: Oil dropped as investor moved away from risk Reuters: Hewlett-Packard (NYSE: HPQ) sued to keep Mark Hurd from joining…
Mark Hurd does not beat his dog. He did not sexually harass a Hewlett-Packard (NYSE: HPQ) contractor. He would never disclose HP trade secrets to his new employer Oracle (NASDAQ: ORCL) despite the fact…
If Germany, where most of the public hates nuclear power, plans to extend the life of its nuclear reactors, the world has entered a new atomic age. In fact, more than 150 reactors with…
Hewlett-Packard (NYSE: HPQ) has sued former CEO Mark Hurd who has just joined rival firm Oracle (NASDAQ: ORCL) as a co-president and member of the board of directors. Details of the suit are not…
Boeing (NYSE: BA) workers have to put up with the fact that their CEO W. James McNerney Jr. is one of the worst big company chief executives on the planet. Try as he might,…
ABC News President David Westin, who has served as the head of the Walt Disney Co. (NYSE:DIS) for 13 years, is calling it a career at the end of the year. Finding a replacement…
The stocks which have made moves at midday: Idenix Pharmaceuticals (NASDAQ: IDIX) off 47% to $3.17 based on an announcement that the company received verbal notice on Friday, September 3, 2010 from the U.S.…
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 Obama will proposed tax credits to encourage business expansion. (Bloomberg) The chairman of HSBC (NYSE: HBC) will step down to take a job with the UK government. (Bloomberg) The Justice…
Economic academicians Angus Deaton and Daniel Kahneman looked at surveys of 450,000 Americans conducted in 2008 and 2009 for the Gallup-Healthways Well-Being Index and found that, for some people, money can buy happiness. Happiness…
The recession is over, at least for companies which want to raise money through IPOs. There have already been a large number of initial public offerings this year despite uneven markets. That may be…
Some people expect that the economy may recover in the fourth quarter based on modestly positive unemployment numbers for August. GDP may actually pick up by 3% or 4% some optimistic experts claim. There…
It has become clear that jobs in some industries may never come back or if they do it will take years or decades for a recovery. 24/7 Wall St. examined the Bureau of Labor…
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: Mark Hurd, former CEO of Hewlett-Packard (NYSE: HPQ), joined Oracle (NASDAQ: ORCL) as co-president. Reuters: The Justice Department is looking into the Google Inc. (NASDAQ: GOOG) deal to buy ITA Software. Reuters: Barclays…