The White House’s annual Mid-Session Budget Review, sent to Speaker of the House Nancy Pelosi, shows that unemployment will not fall below 9% until 2012.The Administration has finally given in to the reality that…
The FDIC in conjunction with state bank authorities closed seven more banks on July 23, bringing the total for the year to 102. The cost to the Deposit Insurance Fund was modest because the…
While there are a lot of small companies vying for market share in the rapidly growing alternative energy sphere, they’re not the only players in the game. Two established players reported earnings this morning…
The following are the ten CEOs who received the largest stock option grants in 2009. Together, they enjoyed gains which totaled $230 million based on their value at the end of May. The data,…
The Committee of European Banking Supervisors announced that seven out of 91 European banks failed its stress tests and would have had a Tier 1 capital ratio of less than 6% following an adverse…
The US Treasury Department may have lost faith in Citigroup (NYSE: C), perhaps because the new financial reform laws will undermine its earnings. What one hand giveth, the other taketh away. The Treasury means…
Updated throughout the day. GM plans to file for an IPO the week of August 16 (various) Bank of America Corporation NYSE: BAC) plans to sell some of its private equity assets (Bloomberg)
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…
It is extraordinary that the largest fast food chain is in the world’s is also the one that is growing the most rapidly. But, that is the case with McDonald’s (NYSE: MCD) Revenue grew…
Verizon posted very modest quarterly result which included a charge for lay-off, slow growth in its wireless and broadband-to-the-home products, and a further deteriorating of its legacy landline business. Verizon reported a loss of…
Ford’s recovery is now complete, if it was not already. Ford reported second quarter net income of $2.6 billion, or $.61 per share, a $338 million improvement from second quarter 2009. Pre-tax operating profit…
China is well-known for its theft of intellectual property and products which are not readily available in its markets. Microsoft (MSFT) has had to deal with the piracy of Windows for years which is…
Austerity is not just the antidote for the financial trouble in Europe, says ECB head Jean-Claude Trichet. It is time for the industrial nations all to cut spending sharply and raise taxes. The ECB…
Pay czar Ken Feinberg will issue a report which shows that some senior managers at firms which include Citigroup (NYSE: C), JPMorgan Chase (NYSE: JPM) and Goldman Sachs Group (NYSE: GS) made hundreds of…
Walmart (NYSE: WMT) plans to put radio chips into clothing including underwear. The big box retailer wants to know what and how much people buy so it can order enough inventory. Walmart will be,…
Reuters: Microsoft Corporation (NASDAQ: MSFT) beat Wall St. expectations but it stock did not move. Reuters: The pay czar will criticize Goldman Sachs Group, Citigroup (NYSE: C), and JPMorgan Chase (NYSE: JPM)…
Today, Dell Inc. (NASDAQ: DELL) announced that it has agreed to a $100 million settlement with the Securities and Exchange Commission regarding the agency’s investigation into the company’s business practices with the chip maker,…
Microsoft (NASDAQ: MSFT) announced record fourth-quarter revenue of $16.04 billion for the quarter ended June 30, 2010, a 22% increase from the same period of the prior year. Operating income, net income and diluted…
Updated throughout the year. Blackstone may buy some of Morgan Stanley’s (NYSE: MS) Japanese interests. The pay czar will release compensation details of some Wall St. managers who received huge pay packages during 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…