Walmart (NYSE: WMT) plans to help 1.4 million of its US workers to get a higher education. The company announced that “Walmart’s Lifelong Learning Program will make it more convenient and more affordable for…
Reuters: More doubts about the global economy arose as the G20 prepares to meet. Reuters: American International Group (NYSE: AIG) is not sure about the future of AIA. Reuters: Census hiring…
The National Center for Atmospheric Research has put together computer models that show the slick from the Deepwater Horizon leak reaching the East Coast and well into the Central Atlantic by Labor Day. The…
The federal government has not made public any forecast of what would happen if a storm the magnitude of Katrina occurred over the next two months and the Deepwater Horizon leak continued at its…
The US Energy Information Agency has released its annual International Energy Outlook for 2010, and in contrast to its usually positive forecast for energy supply and demand, has seriously pulled back on its prognosis…
According to the New York Post, embattled NBC Chief Jeff Zucker has secured a golden parachute worth between $30 and $40 million. Though General Electric (NBC’s parent company) denies it, anonymous sources tell the…
Depending on how you look at it, the latest news on consumer bankruptcy filings means things are getting a bit better or they’re getting a bit worse. According to the American Bankruptcy Institute, US…
Updated throughout the day. The former management team of KBC Alternative Investment Management will launch a hedge fund later this year (Financial News) BP plc (NYSE: BP) CEO Tony Hayward will be fired this…
This is the Twitter-24/7 Wall St. market report for June 3, 2010.These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
Government data provided by the NOAA shows that the oil from the Deepwater Horizon is moving rapidly to the east. The agency reported that NOAA scientists continue to generate surface oil trajectories. In the…
Unemployment, as measured by Gallup ,indicates no improvement in joblessness in May, a bad sign for the government unemployment numbers to be released this Friday. The research firm says that its unemployment rate (not seasonally…
Apple’s (NASDAQ: AAPL) Steve Jobs says his company will not take on Google (NASDAQ: GOOG) in the search business. The Apple App Store , however, already competes against Google in cellphones, mobile advertising and…
Pontiac is gone now. So is Saturn, and in effect Hummer. Ford Motor (NYSE: F) announced that it would fad out Mercury, a brand created by Henry Ford’s son Edsel. Car makers are deciding…
Wall St. is starting to consider what the Gulf disaster will cost BP plc NYSE: BP) both in legal and liability costs and clean-up expenses. Some scientists believe that the leak cannot be capped…
Skype, the pioneering VoIP company, says people have downloaded five million of its apps on Apple (NASDAQ: AAPL) iPhones. Skype means to leverage its new universe of 3G users by charging them to make…
Reuters: G20 nations have no agreement on a bank levy. Reuters: Buffett’s testimony before the Financial Crisis Inquiry Commission did little to change members’ views of the ratings agencies. Reuter: Facebook’s CEO has not…
Ford will end production of Mercury vehicles in the fourth quarter of this year to further grow its core Ford and Lincoln brands, according to Ford Motor (NYSE: F) Existing Mercury owners to receive…
A former employee of Moody’s testified before The Financial Crisis Inquiry Commission that he felt pressure from his superiors to improve market share for the company. That caused him and other employees of Moody’s to…
Pending home sales rose again in April. But, the trend likely reversed itself in May. The housing market improvement may simply be a mirage. The National Association of Realtors reported: The Pending Home Sales…
Updated throughout the day. The SEC is seeking to bar banker Steven Rattner from the securities industry. (NYTimes) Prudential plc may be a takeover target after its failed bid to buy AIA from American…