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.…
3Par announced that it received a revised proposal from Hewlett-Packard Company to acquire all of 3PAR’s outstanding common stock at $33 per share, which is an increase from its previously announced offer price of…
Updated throughout the day. A buyout of Burger King (NYSE: BKC) is likely to be at $24 (WSJ) China search engine firm Baidu (NASDAQ: BIDU) will focus more on mobile markets (Reuters) The SEC…
This is the Twitter-24/7 Wall St. market report for September 2, 2010. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
The IMF seems to believe that if it showers the world with enough information about the finances of developed and emerging nations that it can fix their economies by the power of its arguments.…
The recession, so economists say, is over. The recovery may be slow, but it is underway. Unemployment will drop slowly through the next few years and may fall under 9% in 2011. The real…
Reuters: GM’s IPO road show will begin in November. Reuters: Costco’s (NASDAQ: COST) August sales rose 7%. Reuters: Apple Inc.’s (NASDAQ: AAPL) iTV is the latest effort to make a web-connected living room. Reuters: …
Richard Fuld, who pocketed $484 million in compensation between 2000 and 2008 when Lehman Brothers collapsed, must be a masochist or a narcissist. Why else would the former Wall Street CEO continue to insist…
The auto industry went through two bruising years in 2008 and 2009 when annual domestic sales dropped to about 10 million vehicles per year. This is in stark contrast to 2005 and 2006 when…
The estate tax is not and never has been a “death tax” , yet the nickname that critics gave it a few years ago has stuck. That’s a pity because the levy underscores the…