Reuters: BHP Billiton (NYSE: BHP) reported strong profits and now faces questions from its investors about Potash (NYSE: POT) Reuters: Global economic problems will shadow a big Fed meeting. Reuters: FEMA sees progress five…
Ireland’s stock market dropped 6% yesterday. It is any wonder? After the close of the markets in Europe and the US, Standard & Poor’s cut the Republic of Ireland’s long-term sovereign rating, which will …
Apple Inc. (NASDAQ: APPL), which revolutionized the music business with 99 cent digital downloads, is poised to do the same thing with television. The idiot box may never be the same. According to Bloomberg…
Airlines, which have made an art out of nickel-and-diming the public with new fees, are now raising fares. This is no time for investors to rejoice. According to Reuters, Rick Seaney, chief executive of…
The Congressional Budget Office says that in the second quarter the effects of $787 billion package added 1.7% to 4.5% in GDP, cut the unemployment rate by .7 to 1.8 percentage points, and increased…
Chicago Fed President Charles Evans offered an unusually downbeat assessment of the economy today. It was one which raised concerns about a continued sharp drop in the housing market and the chances of a double…
The Manufacturers Alliance/MAPI Quarterly Economic Forecast predicts that inflation-adjusted gross domestic product (GDP) will expand by 2.9 percent in 2010, followed by 2.6 percent growth in 2011. The forecast is down slightly from the…
Real estate sales have just plunged by a nearly unimaginable amount. According to the the National Association of Realtors, existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, dropped 27.2…
Updated throughout the day. Dell (NASDAQ: DELL) will up its bid for 3Par (NYSE: PAR) (various) Morgan Stanley (NYSE: MS) will offer a research application at the Apple Inc (NASDAQ: AAPL) App store. Douglas…
By John Tamny of Forbes Worse than efforts to prop us housing are the suggestions from money managers and economists that we need to help more Americans achieve homeownership altogether. That the English-speaking world…
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…
The Eurozone PMI composite output data presented by Markit slowed to a two-month low of 56.1. Manufacturing PMI dropped to a six-month trough of 55. The report said that the prospects of the region…
Employees of BP plc (NYSE: BP) said that they had found 360 problems related to overdue maintenance on the Deepwater Horizon rig, according to an investigation by the US Coast Guard and the Bureau…
3D movies helped push the phenomenal ticket sales of films such as “Avatar” and “The Dark Knight”. IMAX cinemas have begun to open in great numbers which has helped that public company’s fortunes. The…
The mini-PC helped pull the industry though the global recession. Its sales outstripped those of larger, more expensive PCs. Research groups like Gartner proclaimed that the trend might go on for years as consumers…
Chrysler’s prospects for 2010 seemed so promising. The company’s management, captained by Fiat chief Sergio Marchionne, was optimistic about the year as the No.3 US car firm shaved its loss in the second quarter…
Japan’s Nikkei hit a 15-month low and traded below the 9,000 level. The yen reached a 15-month high against the dollar at 84.24. Japan Finance Minister reacted by saying that the yen’s move could…
Reuters: BHP Billiton (NYSE: BHP) is likely to show strong profits as it continues its quest to buy Potash (NYSE: POT). Reuters: Chrysler will have a hard time turning a profit this year. Reuters: …
A city does not die when its last resident moves away. Death happens when municipalities lose the industries and vital populations that made them important cities. The economy has evolved so much since the…
Dell Computer (NASDAQ: DELL) won’t increase its bid for 3 Par (NYSE: PAR). It can’t afford to because of both financial issues and execution risk. 3 Par was little more than a $10 stock…