One of three respondents in a recent survey said they would spend less on consumer goods over the next 90 days than they said they would in June. The drop was 6 percentage points…
On a regular basis, the Consumer Federation of America, in cooperation with the National Association of Consumer Agency Administrators and the North American Consumer Protection Investigators, publish a report on the state of consumer…
Updated throughout the day. Reuters: BP plc (NYSE: BP) plans to sell its assets in Venezuela. (Reuters) Monitronics is on the block represented by Moelis & Company. Douglas A. McIntyre
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…
Many financial experts and analysts believe that the national debt and high deficits will mean that the federal government will have to make tremendous cuts in spending before the end of the decade. Former…
Those who worked to refute the huge IPCC 2007 study on global warming were wrong, perhaps. They had accused scientists of hyping their data, claims which have only recently been refuted. However, questions about…
RealtyTrac, a leading real estate research firm, reports that foreclosures in 75% of metro areas rose in the first half, another sign that the housing market never recovered from the tough it hit 18…
The June audience of ESPN.com soared to 30.6 million unique visitors as people checked out the World Cup online, according to research firm comScore. That moved it ahead of well-known sites including Time Warner…
Reuters: The Fed Beige Book says some regions see economic slowing. Reuters: The China People’s Daily ran an editorial which encourages the US to take account of China’s rising power. Reuters: Amazon.com (NASDAQ: AMZN)…
Back in 2008, when gasoline pump prices were on a steady march to $4/gallon, the Prius hybrid electric car from Toyota Motors (NYSE: TM) was selling like hotcakes in the US. Toyota announced that…
Average domestic air fares in the first quarter of 2010 increased to their second highest level since 2001, rising 4.7 % from the first quarter of 2009, the U.S. Department of Transportation’s Bureau of…
S&P may lower AT&T’s (NYSE: T) credit rating, on the heels of Sprint-Nextel (NYSE: S) posting a widening loss. “AT&T Inc. may not be able to achieve financial metrics fully supportive of the current…
Updated throughout the day. Yahoo! (NYSE: YHOO) is building a competitor to Facebook (WSJ) Sallie Mae may be broken up and Goldman Sachs (NYSE: GS) may handle the transaction (NY Post). Douglas A. McIntyre
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 Apple Inc (NASDAQ: AAPL) iPad apparently overheats when left in the sun, which makes it like almost everything else left to bake. A suit filed in federal court in Oakland, California claims that…
The oil industry apparently did not learn much from the Exxon Valdez spill, the Ixtoc 1 Oil Well catastrophe of 1979, the Amoco Cadiz disaster off Brittany in 1978. And perhaps there is nothing…
GM’s Chevrolet division will start to sell the electric Volt model later this year but will produce only about 10,000 models between then and the end of 2011. Nissan will launch its Leaf electric…
The Consumer Federation of America has come out with its list of the top ten complaints for 2009 based on a survey conducted with the National Association of Consumer Agency Administrators and the North…
Reuters: BP plc’s (NYSE: BP) new CEO called the spill a “wake up call” for the oil industry. Reuters: The IMF backed down on its comments about the yuan’s value. Reuters: Google Inc. (NASDAQ:…
Foreclosures and a buyer’s strike may be the most visible enemies of a recovery in the housing market. Vacancy rates in homes and apartments could be just as severe a drag. New Census Department…