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…
In another sign that there is concern about the long-term financial viability of BP plc (NYSE: BP) at least as it is structured as a corporation today, Moody’s sharply cut the UK-based oil companies…
Tony Hayward of BP plc (NYSE: BP) was not in the “loop” about the Deepwater Horizon rig and any problems at the drill site. He says that his company has thousands of wells. and…
Sony (NYSE: SNE) CEO Sir Howard Stringer spends his time jet setting among his offices and homes in Tokyo, New York, and his native Wales. Sony has lost money two years in a row…
Alan Greenspan still occasionally shows up on the global stage to sell a new book or defend his legacy as Fed chairman. He must find it irritating that his predecessor Paul Volcker has become…
Toyota Motor (NYSE: TM) has been hit by labor strikes in China. The Toyoda Gosei Co. plant in the northern city of Tianjin is owned 42% by Toyota along with a local partner. The…
Reuters: A plan to isolate swaps from bank deposit assets will be in the financial reform bill. Reuters: The Volcker rule would prevent mergers among large banks. Reuters: Facebook’s 2009 revenue was close to…
Research group J.D.Power came out with its Initial Quality Study for cars, small trucks and SUVs. The survey ranks vehicles by number of problems per hundred vehicles. This year, the average number of problems…
S&P lowered it long- and short-term corporate credit ratings on BP to ‘A/A-1’ from ‘AA-/A-1+’ and kept the firm on CreditWatch negative. The ongoing CreditWatch placement reflects S&P’s view regarding the continued uncertainties affecting…
Results from the Philadelphia Federal Reserve show business activity in the region is slowing, a sign the economic recovery has already begun to burn out. The June “Business Outlook” data indicated that “Regional manufacturing…
By Heather Horn of The Atlantic Wire BP Chief Tony Hayward is scheduled to appear before Congress at 10 a.m. Thursday, a day after meeting with President Obama and promising a $20 billion compensation…
Now that AOL, Inc (NYSE: AOL) has sold social network Bebo to Criterion Capital, which must have more money than sense, Rupert Murdoch has a precedent for dumping his moribund social network MySpace. The…
Updated throughout the day. The government has ended its investigation into American International Group, Inc (NYSE: AIG) and its management. (CNBC) Clothing company Barney’s will lose $60 million this year (NYPost) Nomura will begin…
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 problems in the Gulf have caused BP’s shares to drop from a 52-week high of $62 to the current price of $32. Two years ago, they were almost $70. BP’s stock is likely…
It is hard to believe that a big government program could be wasteful, but a new study shows that Medicaid spends too much money on drugs. It does not mandate the generics be used…
Citigroup (NYSE: C) said it would halt foreclosures in areas 30 miles or less from the Gulf oil spill and suspend evictions for people in homes in the region for 90 days. The federal…
BP’s new $20 billion escrow account to help clean up the Gulf of Mexico and those hurt by the spill does not count for much. It will hurt BP’s shareholders for a while but…
Reuters: The head of BP plc (NYSE: BP) is about to testify before Congress. Reuters: Spain may use 30 billion euros to support its faltering banks. Reuters: Oil moved above $77 and gold prices…
Each time Steve Jobs of Apple Inc. (NASDAQ: AAPL) launches a new product, he has a chance of launching Apple’s first major failure since the introduction of the iPod in 2001, Apple TV notwithstanding.…