Prime Minister David Cameron of the UK is no Winston Churchill. He gave a chilling speech about the future of his nation’s finances, perhaps as a possible means to frighten its citizens to accept…
The IATA, the industry’s trade group that represents 220 carriers, said that the sector will post a profit this year. The exception to the move into black ink will be Europe. The agency had…
GM better have that $40 billion IPO this year or early next. It is giving cars to baseball pitchers and putting people and dealers out of work at a torrid pace. It is doing…
China has a problem. Before the recession it was clearly the low-cost provider of goods among the largest nations of the world. Its inexhaustible workforce were another advantage. Its manufacturing facilities are massive. It…
The caricature of best business practice, exemplified by private equity firms, large corporations, venture capital operations, and Ivy League graduates, is to be deliberate and slow when making decisions. Entrepreneurs and investment bankers shoot from…
Media companies and investors are treating the broadcast television businesses as if they had the plague. There are rumors that Walt Disney Co. (NYSE: DIS) wants to dump ABC and that General Electric Co.…
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…
MarketWatch: The Nikkei dropped 3.8%. Reuters: The euro dropped to a four-year low as investors exit risk. Reuters: Foxconn will up wages after suicides. Reuters: Economists expects a slowdown but not a double dip…
There has been speculation that banks outside Europe could be badly damaged by the default of debt by several EU sovereign nations or the collapse of banks within their boarders. US and UK banks…
Oracle Corporation (NASDAQ: ORCL) will deepen its cost cuts as part of its buyout of Sun Microsystems. Sun employees have already endured years of job reductions as the firm’s revenue and market share were…
Some predictions show the spill from the Deepwater Horizon wreck will extend up the East Coast and into the middle Atlantic by August. The current NOAA map shows the oil slick already moving in…
The FDIC closed three banks Friday bringing the total to 81 for this year. The news raises the question of whether the $45 billion that the agency raised last year by getting members banks…
As an indicator of global economic activity, the Baltic Dry Index, which tracks global shipping rates, has been quite reliable at pointing out at least directional trends both in shipping activity and global economy.…
Updated throughout the day. Update 1:45 PM EST: Tellabs Inc. (NASDAQ: TLAB) is at risk of losing much of its AT&T business due to vendor consolidation (Barclays research downgrade). Shares down over 11% at…
SJ 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…
Consensus estimates are that there were 520,000 to 540,000 jobs created in May, the largest gain in 27 months. About 400,000 of those were due to temporary jobs created by hiring for the Census.…
The retail shopper may be running low on steam. The ICSC says its data shows that retail sales were up only 2.6% in May. Tight credit, a flight to savings, and worries about employment…
There are many estimates of the size of the e-reader market and which companies have the most market share. Amazon.com (NASDAQ: AMZN) claims it has sold “millions of Kindles” and that the device is…
Microsoft (NASDAQ: MSFT) CEO Steve Ballmer says the future of the Windows operating system for PCs is bright. History is on his side, but is Wall St.’s perception of the future? Windows runs on…
McDonald’s (NYSE: MCD) describes its collaboration with the producers of the animated “Shrek” movie, which appeals to youngsters, as a way “to encourage kids around the world to make balanced eating choices. ” It…