Costco (NASDAQ: COST) announced very impressive earnings for the quarter ending May 9. Revenue rose from $15.5 billion to $17.4 billion. Net income jumped from $210 million to $306 million. Same-store sales were up…
The market panicked yesterday on rumors that China was selling euros due to the instability of the EU region. China denied it. “Europe has been, and will be one of the major markets for…
America has produced a generation of people who cannot read instructions. They have trouble operating cars with new electronic devices, GPS systems, TV entertainment systems for the home, and even new PC operating systems.…
The future of offshore drilling in US coastal waters may be determined by how much financial and ecological damage is done by the Deepwater Horizon catastrophe. At this point, the reaction against future drilling…
Reuters: The US will suspend Arctic drilling. Reuters: Lehman sued JPMorgan Chase (NYSE: JPM) for billions of dollars. Reuters: The Fed’s Bullard said that promises of low rates for long periods have risks. Reuters: …
Today, the Securities and Exchange Commission filed a complaint in U.S. District Court, Southern District of New York, alleging an insider trading scheme against a Disney employee and her boyfriend, involving quarterly earnings information…
Updated throughout the day. The Qatar Investment Authority may take a large position in Citigroup Inc. (NYSE: C) (FT) The Justice Department is examining Apple Inc’s (NASDAQ: AAPL) dominance in the digital download business…
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 Organization for Economic Cooperation and Development upgraded its outlook for worldwide economic growth. The agency said “Gross domestic product (GDP) across OECD countries is projected to rise by 2.7% this year and by…
Hewlett-Packard’s (NYSE: HPQ) plan to dominate the global hardware business is working. It has a huge line of PCs and servers along with software and tech consulting arms to get a foot in the…
The Department of Justice is considering the extent to which Apple Inc (NASDAQ: AAPL) has a monopoly in the digital music sales business. Its iTunes store controls much of the market. The government agency…
The bets made for and against banks and tech companies were mixed for the period ending April 14. Short selling showed no particular pattern for the two huge industries. Shorts were out in force,…
Reuters: BP plc (NYSE: BP) had warning signs of pressure on its Deepwater Horizon rig. Reuters: Geithner went to Europe to press for more reform. Reuters: The Qatar sovereign wealth fund wants to buy…
The next attempt to shut off the flow from the leaking BP well in the Gulf is still aimed to occur early Wednesday. The attempt will use the “top kill” method to try and kill…
By Heather Horn Reports on U.S.-China talks are interpreting Chinese President Hu Jintao’s statements as a positive sign of the country’s willingness to revalue the yuan. While he made no firm commitments, Hu stated…
When it rains, it pours. On top of trouble on the Korean peninsula, Eurozone sovereign debt concerns, and a belief the US economy could be heading back into reverse, the S&P/ Case-Schiller Housing Index…
Its credit rating in tatters and it banks in trouble, Spain was kicked by S&P while it was down. The agency said: Spain’s economy needs far-reaching and comprehensive reforms. The challenges are severe: a…
Car loan delinquencies dropped over 18% from the fourth quarter of 2009 to the first quarter of this year, according to credit agency TransUnion. The news is good for US car companies which are…
Dell Computer (NASDAQ: DELL), usually late to market with new products such as handsets and netbooks, will challenge Apple Inc. (NASDAQ: AAPL) with a new tablet PC. It is called the Streak. The fist…
Wal-Mart (NYSE: WMT) will cut the price of the Apple (NASDAQ: AAPL) iPhone 3GS, the top of the company’s smartphone line, by over half to $97 if customers commit to a two-year subscription. Analysts…