The secret to the amazing increases in productivity in the American economy is finally out. Companies in the US are not hiring full-time workers. They are gambling that they can keep their margins high…
Honda says that its factory output in China fell nearly 20% in the month of May. The labor dispute between Chinese workers and the Japanese car company worsened in June, so its financial impact…
BP plc (NYSE: BP) may be close to capturing all the oil coming from the leak of the Deepwater Horizon rig. It caught 28,000 barrels of the rising crude on Saturday. Most estimates put…
It will be harder to stabilize the global economy based on the principles which came out of the G-20 Toronto meeting than to put a camel through the eye of a needle. The G-2p’s…
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…
G Reuters: Thick oil hit the Mississippi coast as a large storm moved toward the Gulf. Reuters: BP plc’s (NYSE: BP) oil spill costs hit $100 million a day. Reuters: G20…
Alex, now a tropical storm, with sustained winds of 40 mph, moved inland on the eastern coast of Mexico, and is expected to emerge into the Gulf where warm waters could strengthen the storm.…
The new UK Prime Minister David Cameron told Canadian broadcaster CBC, “It is … in all our long-term interests that there is some clarity, some finality, to all of this, so that we don’t at…
Earlier this year Pioneer Natural Resources Co. (NYSE:PXD) said that it was seeking bids from potential partners to develop its holdings in the Eagle Ford shale gas play in south Texas. At the time,…
Ford Motor (NYSE: F) stock is down more than 23% during the last three months, which is significantly more than Toyota Motor (NYSE: TM) or Honda Motor (NYSE: HMC). At first glance, the comparisons…
Updated throughout the day. Hulu will launch a paid premium video service this month (WSJ) Astenbeck Capital Management, run by former Citigroup (NYSE: C) commodities chief Andrew J. Hall, lost 10% of its value…
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 financial earnings of big banks will go the way of the Dodo bird, driven by the will of Congress to right the perceived wrongs of the credit crisis. The disaster was as much…
The House and Senate have agree upon financial reform legislation. The main aspects of the bill include according to the Reuters Factbox: Wall Street firms would have to spin off over-the-counter derivatives dealing operations…
BP plc’s (NYSE: BP) clean-up costs for the Gulf leak have hit more than $2.35 billion. That only includes expenses to contain the spill and modest payment to area residents and business. The UK-based…
Boeing (NYSE: BA) says it has found more problems with its 787 Dreamliner. The company said it would inspect the plane for “workmanship” issues. There is apparently a problem with the aircraft’s horizontal stabilizers.…
Hulu, the premium internet content service, is about to charge customers for access to certain TV shows and movies, perhaps the most important experiment ever to test whether consumers are willing to pay for…
The effects of high unemployment, a troubled housing market, and households which remain leveraged at a relatively high level have pushed consumer confidence back to rates not seen since mid-2009. According to the latest…
The short interest in BP plc (NYSE: BP) rose 290% to 25.7 million shares in the period ending June 15 as traders increased their bets that the UK-based oil company will face more problems…
Reuters: Lawmakers are close to crafting a final financial reform bill. Reuters: BP plc (NYSE: BP) shares fell again on clean-up cost concerns. Reuters: Large numbers of people stood in line…