Former Bank of England executive David G. Blanchflower said that a second bailout package for Europe in inevitable. He told Bloomberg, the Eurozone faces the euro’s “unstoppable” decline until it is at parity with the U.S. dollar…
Updated throughout the day. Foxconn will ship 24 million Apple Inc (NASDAQ: AAPL)4G iPhones starting in June (Barron’s) The government may require market-wide targets for circuit breakers. (Reuters) Large chip-makers including Hynix and Samsung…
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 Center for European Economic Research said its May economic expectations index for Germany fell to 45.8 from 53.0 in April. Coupled with that the German 10-year government bonds dropped. The DAX suffers a sharp drop in early May…
It is hard to imagine that the launch of the Boeing (NYSE: BA) 787 Dreamliner could fall further behind than it already has. The number of delays is now nearly a dozen and the date on…
The most stinging criticism of the federal government’s unemployment figures is that some of the improvement in recent months is based on hiring for the process of completing the Census. By some estimates, this…
The Treasury Department released its April report on the progress of HAMP, a program to modify mortgages so that people can stay in their homes. The first reaction by the media and most analysts is that…
Reuters: The US is going to probe the causes of the spill in the Gulf. Reuters: Blackstone is dropping its bid for Fidelity National. Reuters: The US and Ireland set a new fly zone…
George Washington, the nation’s first president, was also one of the wealthiest men to hold the office. His Virginia plantation, Mount Vernon, consisted of five separate farms on 8,000 acres of prime farmland. As…
What exactly is that device that you can hold in your hand and use to read a book, surf the web, and send an email or text message? Industry analysis firm IDC is beginning…
There is no evidence that the US deficit is high enough to keep the capital markets from buying American paper. The purchase of government bonds rose to $125 billion in March up from $53…
Pfizer, Inc (NYSE: PFE) said that it would lay-off or relocate a number of its New York City employees, but has decided to keep the figure a secret. What is hard on the rank-and-file is…
Updated throughout the day. Private equity firm Apollo Global Management plans to buy U.S. packaging maker Pactiv Corp (NYSE: PTV) (WSJ) Japan may issue a large amount of five-year notes (WSJ) Douglas A. McIntyre…
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…
By John Tamny of Forbes Bank lending has declined each month for the past year. The bailouts of the banks help explain this. TARP propped up institutions that will forever be captive to the…
BP plc (NYSE: BP) says it has made modest progress in slowing the leak of crude into the Gulf of Mexico from its Deepwater Horizon rig wreck. It says that a siphon put into the well,…
On May 12th, Starbucks (NASDAQ: SBUX) announced it would strengthen its Seattle’s best brand by building relationships that would get the brew into 30,000 locations by the end of the year. Here is how Starbucks described…
China’s economic prospects are the best that they have been in two years. The World Bank expects its GDP to rise 10.5% this year. There are early signs of inflation, but those may be…
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 change,…
MarketWatch: Shanghai closed down 2% and Europe is weak MarketWatch: The euro hit a four year low against the dollar. Reuters: BP plc (NYSE; BP) says it is making progress with the leak. Reuters: …