Japan’s Toshiba Corp. thinks it has identified a new class of device, a multipurpose mobile computer, that is a fully functional personal computer and an e-reader. To meet that demand, Toshiba has announced a…
Jean-Claude Trichet, head of the ECB, has been blamed in part for the disastrous drop in the euro and the spread of the Eurozone credit crisis which began in Greece. He should have gotten…
It is hard to tell why anyone would want an e-reader that only works with WiFi, but Barnes & Noble (NYSE: BKS) believes that there is a market. The faltering bricks-and-mortar constrained firm says…
Updated throughout the day. ” France Télécom’s supervisory board has approved the firm’s participation in a joint bid with two other investors for a stake in Le Monde” (Reuters) “BASF, the world’s largest chemicals…
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 “Toy Story 3” numbers are better than they look. Initial estimates are that the Pixar movie, distributed by Walt Disney (NYSE: DIS), brought in $109 million in box office receipts. That does not…
The US government cannot count to ten using both hands. Neither can most scientists is would seem. BP plc (NYSE: BP) has the same problem. It released documents yesterday that show the flow of…
It is easy to forget that, unlike money, there is a limited supply of gold. Government printing presses have been hard at work since the beginning of the recession. The mining of gold may…
The percentage of unemployment among black workers is 16.5%. Among Hispanics it is 12.4%, according to the Bureau of Labor Statistics. So, it is not terribly surprising that mortgage defaults among the two groups…
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: The yuan rose after China’s flexibility announcement. Reuters: The amount of the Gulf spill could be up to 100,000 barrels a day. Reuters: The government has no easy way out if the recovery…
While BP CEO Tony Hayward was attending yacht races, the first wave of oil from the Deepwater Horizn hit Florida’s Gulf shore beaches beginning a new chapter in the damage caused by the spill.…
China has knuckled under to pressure from the US and G20 nations and will allow a gradual revaluation of the yuan, decoupling it from the US dollar. The US Administration has been pushing for…
Texting while driving, along with talking on cellphones are considered to be a major cause of accidents on American roads. Some studies show that the distraction makes it more likely that these distracted driver…
Anadarko Petroleum, BP’s partner in the Gulf and holder of 25% of the interest in the Mississippi Canyon block 252 lease drilling area, today said that everything was BP’s fault and nothing was Anadarko’s.…
According to SkyNews, Tony Hayward, CEO of BP plc will lose control over the company’s operations in the Gulf of Mexico, the site of the Deepwater Horizon disaster. BP Chairman Carl-Henric Svanberg told the…
After four years, Michigan lost its spot as the unemployment leader in the U.S., according to May numbers from the Bureau of Labor Statistics. Unemployment fell in 37 states during the month. Nevada took…
By Max Fisher of The Atlantic Wire With the spiraling U.S. budget deficit cited as a primary reason for the recently failed jobs bill, there is rising concern on Capitol Hill about how to…
The federal subsidy of $0.45/gal for domestic ethanol is set to expire at year’s end, and the sparks are flying now as the embattled industry seeks to renew government payments. On one side are…
Updated throughout the day. Motorola (NYSE: MOT) will put most of the cash on its balance sheet with its new independent cellphone spin off (WSJ) Several private equity firms seeking new investors will fact…