Sprint-Nextel (NYSE: S) is in the midst of rolling out its next-generation 4G WiMax service which it hopes will give it advantages over larger rivals AT&T Wireless and Verizon Wireless. Sprint’s problem in gaining…
The problem with state and private sector pensions has grown since the beginning of the recession for the same reason that Social Security is troubled: the population is aging and the slow economy and…
The IMF had indicated that Japan may be the next trouble spot in the global economy, adding it to a list of several counties in Europe. The agency visited the country with the world’s…
Reuters: The Senate was not able to reach consensus on the financial reform bill. Reuters: Heavy oil from the BP plc (NYSE: BP) rig came ashore in Louisiana. Reuters: Trading systems broke down at…
The pharmaceutical industry has found a growing source of sales–the prescription of medicines, primarily used by adults in the past, to children. A portion of the sharp increase in drugs used by children last…
The BP plc (NYSE: BP) Deepwater Horizon spill is quickly moving east. The NOAA now reports what a number of scientists have already said–the oil slick will move into powerful currents that flow toward…
On April 19th, Molycorp, Inc., a privately held company, filed with the US SEC for an IPO. The company did not say how many shares would be offered nor did it indicate an IPO…
Troubled tax return company H&R Block (NYSE: HRB) said today that it would lay-off 400 people. The firm will also close 400 “under-performing” offices. H&R said the moves would save $140 million to $150…
Crude oil prices are off more than 20% from their high of $87.15 on May 3rd. The major contributor to that slide are serious concerns over sovereign debt primarily in the European Union. The…
By Heather Horn, The Atlantic Wire On Tuesday, German authorities announced a ban, starting at midnight, on the naked short-selling of European government debt. The aim, according to The Telegraph, was to “counter speculators…
On the back of today’s news that mortgage applications had fallen, the Mortgage Bankers Association reported that the delinquency rate for mortgage loans had jumped higher in the first quarter of 2010 when compared…
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…
Housing prices, already under pressure because of unemployment and the number of defaults, are likely to continue their drop. There are fewer and fewer buyers in the market. And, the federal government’s tax credits…
“A failure of the euro means a failure of Europe,” German Chancellor Angela Merkel said today, according to Dow Jones. This is after she banned naked shorting in some financial stocks and supported curbs…
Microsoft (NASDAQ: MSFT) has been in the mobile software business for over a decade. Its Windows Mobile operating system has never done well. That may be because the Nokia Symbian OS has dominated the…
A chart of the shares of the large diversified tech companies’ stocks- IBM (NYSE: IBM), Hewlett-Packard (NYSE: HPQ), Cisco (NASDAQ: CSCO) and Oracle (NASDAQ: ORCL)– against monoline tech companies Dell (NASDAQ: DELL), VMware (NYSE:…
It has been a long time, at least as time has passed during the financial crisis, since economists regularly discussed the possibility of a double dip recession. The 2008 credit catastrophe is viewed as…
Reuters: Senate Democrats are fighting over financial reform. Reuters: Fishing bans are growing in the Gulf. Reuters: GM will stop paying union employees who quit. Reuters: The euro fell after Germany banned certain types…
By Robert Herbst AirlineFinancials.com estimates the nine largest US passenger airlines will end the 2nd quarter with over $1.4 billion in profits. This could increase to $1.8 billion if fuel prices remain at or…
The head of sovereign debt rating is leaving Moody’s (NYSE: MCO). The company has been under withering criticism for its evaluations of mortgage-backed debt and paper issued by the treasuries of independent country’s. Moody’s…