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…
There have been rumors for several months that the Greek government might have to resort to selling the Acropolis to pay some of its staggering national debt. That was almost certainly never an option,…
There were strong gains in three Tickerspy indexes over the most recent 30-day period. This month’s biggest risers are in Geothermal Stocks, Brazil Stocks and ADRs and Chinese Travel Stocks. As the global economy pushes…
The average American clearly does not have a way to make constructive use of his time. Over the course of a month, he watches 100 videos on YouTube. At least that is the conclusion…
RealtyTrac reported recently that the foreclosure rate is still well above 300,000 a month and could hit a record this year. Housing starts and new home sales are close to their lowest levels in…
The National Hurricane Center and NOAA have updated the information on the storm that is moving into the Gulf: A TROPICAL WAVE OVER THE WESTERN CARIBBEAN SEA CONTINUES TO PRODUCE SHOWERS AND A FEW…
Updated throughout the day. GM may launch its IPO next month and set auto finance deals with several financial firms. (WSJ) Providence Equity Partners is in talks to buy Hasbro (NYSE: HAS). (WSJ). Walmart…
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…
Ahead of the G20 meeting in Toronto and on the heels of a series of austerity programs announced by countries throughout Europe, Germany has argued that its austerity program goes hand in hand with…
Toyota Motor (NYSE: TM) CEO Akia Toyoda spent most of the company’s annual meeting today trying to gain back shareholder trust and explain how the Japanese automaker will regain its footing. “I apologize deeply…
Odds are strong that Apple Inc. (NASDAQ: AAPL) will sell one million iPhones today. The smartphone will launch in the US and several large wireless markets including the UK, France, Germany, and Japan. Early…