Reuters: UBS (NYSE: UBS) and Deutsche Bank (NYSE: DB) posted good earnings. Reuters: The EU opened antitrust investigations into IBM (NYSE: IBM) Reuters: Ask.com, owned by IACI (NASDAQ: IACI), will use humans to screen…
BP plc (NYSE: BP) shares gained as the company reported a loss for last quarter and appointed Bob Dudley as CEO. The UK-based firm reported a $17.2 billion loss and took $32.2 billion in…
The BP plc problem will not go away any more than the global sovereign debt one will. Gulf storms are the least of the UK oil company’s problems Read more…
By Tom Bower, The Daily Beast Tony Hayward sunk himself with his media gaffes and poor political performances. Can Bob Dudley do better? Read more at The Daily Beast…
Larry Ellison, founder and CEO of Oracle (NASDAQ: ORCL) probably deserves a huge pay package as much as anyone else. His company has become wildly successful and has been a steady producer of strong…
Under section 1603 of the American Recovery and Reinvestment Act of 2009, commercial renewable power projects were allowed to get direct federal grant instead of taking either a production tax credit or an investment…
The AP reports that Tony Hayward, BP plc (NYSE: BP) CEO, will leave in October and will join the firm’s joint venture in Russia–TNK-BP Douglas A. McIntyre
The media’s first reaction to the Commerce Department’s new home sales number was, in almost every case, positive. That was a mistake. New home sales rose to a seasonally adjusted annual rate of 330,000…
Struggling oil and gas producer Delta Petroleum Corp. (NASDAQ: DPTR) has agreed to sell $130 million in “non-core assets” to privately held Wapiti Oil & Gas L.L.C. The company plans to use the funds…
The economy contracted in June, at least according to The Chicago Federal Reserve. The Chicago Fed National Activity Index was down .63% in June compared with an increase of .31% in May. The consumption…
Updated throughout the day. China Everbright Bank may raise almost $3 billion through an IPO. Apollo Management may start its own bank (FT) Carlyle Group has agreed to sell Kbro, Taiwan’s largest cable TV…
By John Tamny of Forbes The entrance of Sam’s Club into lending is yet another example of how unnecessary the bank bailouts were. Going back at least 100 years, most lending has occurred outside…
This is the Twitter-24/7 Wall St. market report for July 26, 2010. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
Social networks and search engines have been restricted by regimes that want to control access to news and manage public opinion. Now the Research In Motion (NASDAQ: RIMM) BlackBerry is under siege for similar…
BP plc’s (NYSE: BP) CEO Tony Hayward, who is about to be sacked by the big oil company, has only been in his position for about two years. That raises the issue whether he…
The great majority of the largest companies in America are easily identified by name by most consumers. That is because their names match one or more of their most important brands. McDonald’s (NYSE: MCD)…
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…
MarketWatch: A number of economists now expect Q2 GDP to be below 2%. Reuters: BP plc’s (NYSE: BP) CEO Tony Hayward is expected to resign. Reuters: Hayward will leave with $10 million. Reuters: Europe’s…
The Financial Crisis Inquiry Commission, unhappy about the efforts by Goldman Sachs Group (GS) to give it comprehensive data on its derivatives trading group, may find the information out anyway through an audit. “We…
Venezuela President Hugo Chavez has once again threatened to cut the South American country’s supply of oil to the US, according to a number of news reports. Venezuela has been charged with harboring rebels…