The President said in Milwaukee today that he wants to create jobs for Americans. Mr. Obama stressed that America needs a strong middle class and that American workers, who are the best in the…
When Fritz Henderson was named CEO of General Motors in March 2009, John Gapper of the Financial Times argued that the veteran auto industry had ” a 50-50 chance, which is not bad given…
Reuters: Jobs data continues to push global equities up. Reuters: Daimler will increase its dividend Reuters: Nokia (NYSE: NOK) will release a new line of smartphones Reuters: Craigslist will block access to some adult…
Former Hewlett-Packard (NYSE: HPQ) CEO Mark Hurd may join Oracle (NASDAQ: ORCL) according to a report in The Wall Street Journal. Hurd was pushed out by HPs board, a move that Oracle CEO Larry…
Krispy Kreme Doughnuts Inc. (NYSE: KKD), which until recently was seen by investors as being staler than a day-old crueller, is on the verge of a remarkable comeback. The maker of doughy, delicious and…
The labor stoppage, commonly known as the strike, is a natural result of tension between labor and management. Management has always wanted work for as little compensation as possible. Labor has always wanted compensation for what it…
Updated throughout the day. Obama may extend an R&D tax credit that is set to expire (Bloomberg) Google’s (NASDAQ: GOOG) YouTube will have $450 million in revenue this year and will be profitable (NYT).…
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…
Unemployment, according to a number of government officials and economists, has become intractable and the August jobless rate hit 9.6% as non-farm payrolls dropped 54,000. That cannot be said about any other US post-war…
During his interminable testimony before the Financial Crisis Inquiry Commission, Federal Reserve Chairman Ben Bernanke said that banks that posed a major risk to financial stability should be closed. “If the crisis has a…
Samsung, one of the five largest cellphone manufacturers in the world, raised its forecast for 2010 unit sales to 25 million. The South Korean company added that it expects to sell 50 million handsets…
It may turn out that China is not the Holy Grail for multinational car companies that they believed it would be. The world’s largest car market was supposed to offer the opportunity for corporations…
BP plc (NYSE: BP) disclosed that its costs to clean-up the Deepwater Horizon catastrophe have risen above $8 billion, and the company still has to fund a $20 billion escrow account to handle ongoing…
Family health premiums rose 3% to $13,770. this year. The number seems modest but it is not for those who are insured. According to new data from the Kaiser Family Foundation 2010 Employer Health…
Reuters: China has approached a Canadian fund about a rival bid for Potash (NYSE: POT) Reuters: The cost of Gulf clean-up hit $8 billion. Reuters: China said that its $2.45 trillion currency holdings was…
The media is filled with brand lists, most of them which are based on research which estimates the value of a given brand. It is hard to connect these valuations to the sales and…
When historians write the definitive account of the Great Recession in coming decades, one of the major questions they will tackle is why the government decided to allow Lehman Brothers go bankrupt and AIG…
If preview data about employment is any indication, the US government should report a modest uptick in joblessness tomorrow. That would not be particularly surprising give the trend in weekly jobless claims and the…
According to the San Jose Mercury News, there are confirmed reports that a second oil rig has exploded in the Gulf of Mexico, off the Louisiana coast. At the moment, all thirteen members of…
Assume for the the time being that the housing crisis will last well into 2011, that foreclosures will rise, and the number of underwater mortgages will not improve from the current 11 million level.…