The Congressional Budget Office (CBO) estimates that the federal budget deficit for 2010 will exceed $1.3 trillion—$71 billion below last year’s total and $27 billion lower than the amount that CBO projected in March…
The economy is dying and the process is accelerating by the day now. The Conference Board released extremely weak data. The Leading Economic Index for the U.S. increased 0.1% in July to 109.8, following…
Updated throughout the day. The Apple Inc (NASDAQ: AAPL) iPhone 4 and iPad will go on sales in China via China Unicom (NYSE: CHU) (Caixin) India has found a way to tap into the…
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…
Airlines that used to offer free baggage service and food now charge for those services along with almost everything else a passenger would want. Soon there will be a toll to go to in-flight…
Mark Hurd’s exit from Hewlett-Packard (NYSE: HPQ) was based on his bad judgment, bad manners, or bad behavior. None make him any less of a highly skilled technology CEO, perhaps the best since Louis…
There are already grey market versions of the iPhone 4 and iPad on sale in China, many of them brought in through Hong Kong. And, there are a number of cheap knock-offs for sale…
Job losses at companies with fewer than 50 workers eclipsed larger companies when it comes to job cuts according to new data from the Labor Department. The information covers the last quarter of 2009.…
Nations with strong credit ratings did not experience the sovereign debt crisis that affected countries like Greece, Iceland, and Spain. Many countries with good credit ratings avoided the crisis because, among other reasons, they…
Reuters: There do not appear to be any bids to rival BHP Billiton’s (NYSE: BHP) for Potash (NYSE: POT) Reuters: A US government agency is considering more self-regulation for oil Reuters: GM filed for…
Updated throughout the day. Jodie Fisher may have lost consulting revenue because she did not sleep with Mark Hurd of Hewlett-Packard (NYSE: HPQ) (various) GM may sell preferred shares as part of its IPO…
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…
Usually sexual harassment settlements come with a confidentiality clause. That must not be the case with Jodie Fisher who had an undisclosed relationship with former Hewlett-Packard (NYSE: HPQ) CEO Mark Hurd. The relationship and…
Secretary of the Treasury Tim Geithner says that the the US must keep a role in the housing market recovery as it there is one. He claims that the federal government must be careful…
Several retail analysts pointed out that Walmart’s (NYSE: WMT) earnings and those of Home Depot (NYSE: HD) were helped by rigid cost controls. This is not the first time during the earnings season, which…
There are rumors that GM will delay its IPO and others that it will sell preferred stock along with common. The need to sell preferred is a sign that GM believes some investors want…
The Dell (NASDAQ: DELL) board of directors must have adopted the philosophy that firing Michael Dell will not bring back the tens of billions of dollars that the company’s market cap has come down…
Reuters: BHP Billiton (NYSE: BHP) has begun an attempt at a hostile deal for Potash (NYSE: POT) Reuters: A female contractor of Hewlett-Packard (NYSE: HPQ) said she lost work because she would not have…
The heads of the regional Federal Reserve banks are thinkers, but they may not be doers. Narayana Kocherlakota, the President Federal Reserve Bank of Minneapolis, said today that “unemployment will remain above 8 percent…
Updated throughout the day. GIC Real Estate, the real-estate arm of the Government of Singapore Investment Corp plans an IPO (NYT) Spain’s Santander has renewed talks to merge its U.S. operations with New York…