The 24/7 Wall Street Corporate Power Rankings of the thirty-two 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…
Apple, Inc. (NASDAQ: AAPL) announced that sales of its iPad tablet have gone above tw0 million less than 60 days after the product was launched on April 3. Late last week, the company released…
New maps from the NOAA show the spill from the Deepwater Horizon spreading toward Cuba and the southern tip of Florida. The leak has now been pumping roughly 15,000 barrels of crude into the…
Bank failures hit 78 on Friday putting them on a course that could that will take them over 200 in 2010. Sun West Bank, Las Vegas, NV Granite Community Bank, NA, Granite Bay, CA,…
The surface size of the Deepwater Horizon spill is expanding rapidly as news came out that the “top kill” attempt by BP plc (NYSE: BP) has failed and the company will try alternatives to…
BP plc’s (NYSE: NBP) plan to pump heavy mud into the leak caused by the Deepwater Horizon disaster, known as “top kill” appears to have failed. The oil company had hoped that the project,…
Just in time for the US three-day Memorial Day weekend, Fitch has downgraded Spain’s long-term foreign and local currency issuer default ratings to AA+ from AAA. The news wrecked the American market pushing down…
Toys “R” Us has filed its S-1 with the SEC as it prepares its IPO. The retailer plans to raise $800 million. The company has been private for half a decade. It’s time to…
The broadcast TV networks’ dog-and-pony show known as the “upfront market” has gotten off to a good start this year. Advertisers get to see the coming season’s new TV shows and then mull over…
Updated throughout the day. A group led by Centerbridge Partners has won the bidding for Extended Stay (NYTimes) The Walt Disney Co (NYSE: DIS) may not be able to find a buyer for ABC …
Updated throughout the day. 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…
Apple Inc (NASDAQ: AAPL) has begun to sell its highly successful iPad in Asia. The company shipped one million units in the first month it was sold in the US. There was a shortage…
China’s financial sovereign interests are worried about Europe, and there are rumors that they may sell debt from the region if it does not stabilize. Part of the trouble in the Eurozone is that…
The German’s are known for being sticklers about rules. The French not so much. But, Pierre Lellouche, France’s European minister, told the Financial Times that the bailout of Greece and the $1 trillion safety…
Prudential plc, anxious to buy the AIA unit of American International Group (NYSE: AIG), can’t raise the money. So, it wants a better price than the $35.5 billion it agreed to pay the American…
Reuters: Ford Motor (NYSE: F) may kill the Mercury brand. Reuters: Apple Inc. (NASDAQ: AAPL) is finding a flood of Asian buyers for the iPad. Reuters: Prudential plc is in talks with American International…
On May 17th and May 25th, the Chicago Mercantile Exchange stopped trading in lumber futures because the contract price had fallen by the maximum allowable amount of $10. On the 25th, lumber was halted…
In 2009, for the first time, Chinese oil imports surpassed domestic production. China imported 52% of its crude oil last year and projections had called for a 10% increase in imports for this year.…
Updated throughout the day. Goldman Sachs Group (NYSE: GS) wealth management customers are in danger of leaving the firm (Reuters) Sovereign debt issues outside Europe will pick up (CNBC) Sony Corp. (NYSE:SNE) may invest…
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…