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…
It is a legal practice, although perhaps not a principle, that someone or some entity, is at fault when something goes wrong. This extends from medical malpractice to car recalls to man-made disasters. The result…
There have been an extraordinary number of suicides at Chinese electronics company Foxconn which does a great deal of work for Apple Inc. (NASDAQ: AAPL). Foxconn recently raised salaries by 30%n which may address some of…
Airline mergers always bring labor unrest. One of the purposes of industry marriages is to cut costs, and that almost always involves firing workers. The most important tool that airline workers have in the…
A new FCC study shows that 4 out of 5 Americans do not know the connection speed of the broadband service in their homes. The FCC announced last week that subscriber rules for wireless…
Reuters: The prime minister of Japan resigned. Reuters: American International Group (NYSE: AIG) may have an IPO for AIA. Reuters: Apple Inc.s (NASDAQ: AAPL) Steve Jobs finds suicides at Foxconn disturbing. Reuters: The US…
The official retirement age for executives at many large U.S. corporations has been 65 for several decades – unless the executive also happens to be the founder. Forty years ago, 65 was considered old.…
The causes of the global financial crisis of 2008 were almost entirely flaws in the credit system based on leverage, exotic financial instruments, and a sharp drop in American housing prices. Just as that…
Last week, USEC Inc. (NYSE:USU) announced a $200 million investment from Toshiba Corp. and Babcock & Wilcox that would be spread out over three phases. Each of the investors will pitch in $100 million,…
Prices for crude oil fell below $74/b this morning as crude oil continues wobbling downward after hitting a high of around $87/b in early May. Conflicting signals from the Middle East contribute to the…
By Max Fisher of The Atlantic Wire The much-vaunted “top kill” attempt to stop the worst oil spill in U.S. history has failed, adding yet another failure to the joint BP and U.S. mission…
By John Tamny of Forbes It doesn’t require a law degree to understand that all the bashing of President Obama over BP, much like President Bush was criticized for Hurricane Katrina, is a peversion of the Constitution…
Update throughout the day. Radio Shack (NYSE: RSK) is for sale and the top bidder is Blackstone Group (NYSE: BSX) (NYPost). Several large banks in Spain are about to merge (various) Bilfinger Berger, the…
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…
Hewlett-Packard (NYSE: HPQ), one of the world’s largest tech companies, will lay-off 9,000 people as it tries to boost the productivity of its biggest unit–enterprise services. The operations is about 25% of HP’s revenue and about…
The two primary signs of China’s manufacturing expansion showed weakness in May. The China Federation of Logistics and Purchasing managers index dropped to 53.9 last month compared with 55.7 in April. The HSBC China…
Ford Motor (NYSE: F) has announced that it will recall 236,642 Focus cars in China, one of the largest in the history of the People’s Republic. China is now the world’s largest vehicle market,…
The ECB issued its semi-annual Financial Stability Review over the weekend. The central bank warned that “With pressure on governments to consolidate their balance sheets, disengagement from financial sector intervention means that banks will…
Shares of BP plc (NYSE: BP) fell as much as 13% in Europe, their largest drop in 18 years, on news that the company’s “top kill” effort had failed and the relief wells to…
MarketWatch: BP plc (NYSE: BP) opened down 12% after top kill failed. Reuters: American International Group (NYSE: AIG) turned down a deal from Prudential plc to cut the price of AIA. Reuters: The ECB…