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…
Bank of America (NYSE: BAC) shares have dropped to 52-week low in the last few days. So has Wells Fargo (NYSE: WFC). Morgan Stanley (NYSE: MS) and Citigroup (NYSE: C), and quasi-bank GE (NYSE:…
A young Russian woman capably sat my family at an Ocean City, New Jersey restaurant during our recent vacation. A day later I saw the same person working at a souvenir store on 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…
Potash Corporation of Saskatchewan (NYSE: POT announced that its Board of Directors voted unanimously to reject the unsolicited offer by BHP Billiton Development 2 (Canada) Limited, an indirect wholly-owned subsidiary of BHP Billiton Plc …
Starbucks (NASDAQ: SBUX) has made a remarkable recovery. Earnings rose in the last three quarters. Cost savings driven by 12,000 layoffs and hundreds of store closings in 2008 have significantly helped margins. Starbucks shares…
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…
M&A is back and investment bankers across the world are counting on large deals to make them highly profitable again. The mergers business was hurt by the economic downturn, M&A deals that failed due…
Under federal law, potential workers cannot be discriminated against for almost any reason including race, religion, or ethnicity. It turns out that what the federal government says businesses are required to do and what…
It has been decades since US car companies and their products were viewed as superior to their foreign counterparts, particularly those made by Japanese automakers. Positive ratings of the automobile industry spiked to 39%…