In state capitals and universities across the U.S., leaders are facing the unpleasant reality that they don’t have enough money to meet their future pension obligations. States alone are facing a $1 trillion shortfall,…
U.S. companies are on a hiring spree though Americans are not benefiting from it in the least. According to Tax Notes, between 1999 and 2008 employment by foreign affiliates of U.S. parent companies soared…
By Robert Herbst Coming next month AirlineFinancials.com estimates US Airways (LCC) will report an all time record 3rd quarter profit of $225 million from $3.2 billion in projected operating revenue. This record high profit and near record…
This is the Twitter-24/7 Wall St. market report for September 13, 2010. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
Updated throughout the day. Goldman Sachs Group (NYSE: GS) may demote some partners (WSJ) Chinese investors may make a bid for Prudential plc (The Times Douglas A. McIntyre
Money is cheap and deals are getting expensive. Hewlett-Packard (NYSE: HPQ) has overpaid for 3PAR (PAR) and ArcSight, at least based on their balance sheets and cash flow. HP could say that the deals…
YouTube will undertake one of the most ambitious projects in its history. The largest video website in the world will begin to test live streaming of content. In its blog, the Google Inc. (NASDAQ:GOOG)…
BP plc (NYSE: BP) may want to halt the sale of its assets in Prudhoe Bay and Russia. The company has told Citigroup analysts that it does not even expect to spend the $20…
Economists who specialize in the effects of taxes on GDP had often made a simple and rational forecast. Tax rates would rise in 2011 because individuals and businesses assumed that tax cuts implemented during…
The new bank capital rules for large multinational banks, called Basel III, may seem to set rules that will prevent another global credit catastrophe similar to the one in 2008. But, its full implementation…
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: A bill to help small business may be the last chance the Democrats have to help stimulate jobs before the election. Reuters: BP plc (NYSE: BP) oil spill claims should be below $20 billion.…
Hewlett-Packard (NYSE: HPQ) will buy ArcSight (NASDAQ: ARST) for $1. 5 billion, according to several media sources. It is the second deal that HP has made this month. It took 3Par (NYSE: PAR) out of the…
US poverty levels are likely to post a record increase for 2009, with the ranks of working-age poor approaching 1960s levels, according to the AP Census figures for 2009, to be released in next…
Inflation blossomed in China last month. Most of the cause was food prices. That may change as the country’s workforce agitates for higher wages. “The consumer price index rose 3.5% from a year earlier…
Late Friday, came word from The Wall Street Journal that GoDaddy, the Internet registrar best known for its raunchy commercials, was for sale in an “auction that could fetch more than $1 billion.” Those…
Genzyme (NASDAQ: GENZ), the target of a buyout offer from Sanofi-Aventis, began to lay-off almost 10% of its workforce today. The company would not say exactly what the size of the cuts would be.…
The amount that taxpayers owe to Uncle Sam is a staggering $103.2 billion, and according to the Washington Post, people charged with writing the tax laws are among the delinquent. Data from the IRS…
A cynic might say that the best thing that happened to firearms business was the election of Barack Obama in November 2008. Gun makers and owners, always distrustful of a Democratic administration, feared that…
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…