The US Energy Information Administration has just released its review of CO2 emissions in the US for 2009. That year’s report shows the largest ever absolute drop and percentage drop in CO2 emissions since…
“Each of the six banking systems Portugal, Spain, Italy, Ireland, Greece, the UK… faces different challenges, but the contagion risk could dilute these differences and impose very real, common threats on all of them,”…
A note from the desk of President Jeffrey M. Lacker, Federal Reserve Bank of Richmond: “The median inflation expectation from the University of Michigan’s monthly survey of consumer sentiment is 2.9 percent, and other surveys…
From the desk of Senator Jim DeMint: “Right now, 17 percent of the IMF funding pool that the $40 billion bailout is being drawn from comes from U.S. taxpayers. If that ratio holds true, that…
Although productivity is not rising at the rate it did in the first quarter, the increase is still too “hot” to help employment. According to the BLS: “Nonfarm business sector labor productivity increased at…
The news is bad for Nintendo. It reported its fiscal year numbers. The video game company posted its first full-year drop in revenue in six years. Wii sales were down 21% year-over-year to 20.53…
Freddie Mac (NYSE: FRE) lost another $8 billion in the first calendar quarter of the year. That includes $1.3 billion in dividends paid to the Treasury. Freddie might have simply kept the money. It…
The Senate has voted 96 to 1 in favor of a program that prevents the use of government funds to bailout large financial firms the way that the TARP fund did. At the same…
Bill Gross, the head investment officer of bond giant PIMCO and the most famous fixed-income investor in the world, dismissed Moody’s (NYSE: MCO) and S&P as deeply flawed arbiters of investment risk. In his monthly…
MarketWatch: Asia shares were off by 2%. Reuters: Riots against austerity measures continued n Greece. Reuters: US regulators want to increase supervision of broadband. Reuters: The Fed’s Rosengren says rates must stay low.
Executives at Devon Energy Corp. (NYSE:DVN) are probably congratulating themselves on their foresight this week. The company has spent the last year divesting itself of virtually all its assets in the Gulf of Mexico…
Updated throughout the day. BC Partners, Genstar Capital, Thomas H. Lee Partners and Welsh, Carson, Anderson & Stowe are in the running to acquire publicly traded pharmaceutical company InVentiv Health (NYPost) “Goldman Sachs Group Inc. and…
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…
One its face, it would seem to be a mismatch. Nokia (NYSE: NOK) and Microsoft (NASDAQ: MSFT), two huge global firms which have been notoriously unsuccessful in the smartphone market up against the two companies that the…
BP plc (NYSE: BP) will benefit from a law passed after the Exxon Valdez incident which capped the liability for oil spills at $75 million. BP says it will still bear the costs of the…
The risk, at least in the minds of bond and currency traders, is that the financial chaos Europe is sliding into has been getting worse each day despite the bailout of Greece. The Greek…
Hewlett-Packard (NYSE: HPQ) sold off on news of trouble in Europe. The region is critical to the tech company’s sales. Citigroup (NYSE: C) shares also lost ground. There are concerns about how much European…
Reuters: Calm water is helping manage the Gulf oil spill. Reuters: April retail sales should be up in a sign of consumer recovery. Reuters: The US is questioning Johnson & Johnson’s (NYSE: JNJ) claims…
By Jeff Reeves, Investor Place Wireless telecom provider Verizon (NYSE: VZ) has been trouncing AT&T (NYSE: T) for months in surveys of customer satisfaction and loyalty. But a recent survey by ChangeWave Research shows…
By Chris Lombardi Last week’s Congressional votes have opened the door for both houses of Congress to finally take up the bill developed by the Senate Committee on Banking, Housing, and Urban Affairs. The…