The government and most economists say that the recession is over. It ended late last year, in fact. Several recent polls of consumers show that the average American believes that the recession is still…
July car sales will almost certainly be the best since the “Cars for Clunkers” period last September. Industry experts expect annualized figures to reach 11.8 million. That is still far below the 16 million…
Allergan (NYSE: AGN) announced its second quarter earnings and a dividend of $.05 a share. The company can afford it. Allergan made $242 million in net income on $1.27 billion in sales. The specialty…
It now appears that the Gulf oil spill was the largest in history. A statement released by the Deepwater Horizon Incident Joint Information Center on August 2 says “at the beginning of the spill,…
Reuters: BP plc (NYSE: BP) will try to “kill” its well leak by today. Reuters: The Fed may buy new mortgage bonds to help the credit system Reuters: The US said the United Arab…
Exxon Mobil (NYSE: XOM) Chief Executive Rex Tillerson keeps a low profile. How low? His picture is not provided in his official corporate biography as it is for other top executives. That is not…
Jeff Zucker’s departure as GE’s (NYSE: GE) NBC Universal CEO is among the worst kept secrets in the history of Hollywood. What remains a mystery, however, is who would want the job and what…
Updated throughout the day. AT&T (NYSE: T), Verizon Wireless, T-Mobile, and Barclays will compete with Visa (NYSE: V) and MasterCard (NYSE: MA) in the online payment business. (WSJ) David Wehner has become CFO of…
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…
Accuweather, The Weather Channel and their websites have the market cornered to give consumers maps of weather patterns and forecasts. That era may be over. Google Earth has added a weather layer. The huge…
The time that PC users spend on social networks has surged according to Nielsen. “Americans spend nearly a quarter of the time they’re on the Internet from their PC, or about six hours a…
Lloyd Blankfein of Goldman Sachs Group (NYSE: GS) is the most highly regarded CEO of any large financial services firm by his employees. That is the conclusion of the 2010 Summer Finance Employee Outlook…
The weak 2.5% GDP showing for the second quarter has brought dozens of new theories into the shopping bazaar of explanations about America’s growth prospects. One school says that the effect of imports on…
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…
Reuters: BP plc (NYSE: BP) has made final plans to plug its well. Reuters: The dollar index fell to a three-month low due to a slowing economy. Reuters: Goldman Sachs Group (NYSE: GS) defended…
The recession that began in 2007, and by some accounts is only barely over now, shut down and largely reversed the growth of most American companies. Those that grew through the period were uncommon.…
People who drive by many BP plc (NYSE: BP) gas stations in the US throw rocks at them, which has become an expensive problem for the owners of the locations. The even larger issue…
Alan Greenspan’s mastery of discovering the obvious is never more on display than when he examines a problem and says he has brought light to a dark corner which is already well-illuminated. Housing prices,…
The growth of Chinese manufacturing, the great engine of the Asian nation’s remarkable GDP expansion, slowed to a 17-month low in June. It is not surprising but is rather a bookend to a two-day…
BP plc (NYSE: BP) says that it is within a week of a final solution to the leak from the wreckage of the Deepwater Horizon spill. It has begun to inject much into the…