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…
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…