David Axelrod, an adviser to President Obama, said this morning that no new drilling offshore of the US will be authorized until the cause of the explosion and 5,000-b/d leak from the Macondo well…
Hewlett-Packard (NYSE: HPQ) will regret the day it decided to buy Palm (NASDAQ: PALM), and it will be soon. Palm was nearly worthless when HP made its offer, and that makes the $1.2 billion…
By John Hudson of The Atlantic Wire Shares of Goldman Sachs are down following reports that federal prosecutors are conducting a criminal investigation into whether the investment bank committed securities fraud. Any potential charges…
Updated throughout the day. The Justice Department is looking into possible fraud involving mortgage-backed securities trading (WSJ) UAL (NASDAQ: UAUA) and Continental Airlines (NYSE: CAL) are closer to a merger (AP) Hewlett-Packard (NYSE: HPQ)…
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 first attempts to market video phones are now 30 years or more old. They were run on residential landlines, weak sisters to the video conferencing just emerging at large companies. But, the consumer…
The Research-in-Motion (NASDAQ: RIMM) BlackBerry has not been pulled down from its perch as one of the world leading cellphones by either the Apple (NASDAQ: AAPL) iPhone or Google- (NASDAQ: GOOG) powered smartphones. On…
By God, the Greeks will suffer for profligacy. If the IMG and Eurozone nations give them a dime, they will take it out in blood. The rescue package which was once 40 billion euros or…
The US Attorney of the Southern District of Manhattan, home to most prosecutions of Wall St. firms, has begun an investigation into Goldman Sachs Group’s (NYSE: GS) trading to see if any of its…
WSJ: Warren Buffett intends to discuss his investment in Goldman Sachs Group (NYSE: GS) at the Berkshire Hathaway (NYSE: BRK.B) annual meeting. Reuters: Federal authorities have started a criminal probe into Goldman. Reuters: The…
At 5,000 barrels per day, the leak from the blowout of the Deepwater Horizon is spreading at a rate that would surpass the amount of oil dumped by the Exxon Valdez in another 45…
There were strong losses in three Tickerspy indexes over the most recent 30-day period. This month’s biggest fallers are in Chinese agriculture, genetic analysis, and agricultural chemical and fertilizer stocks. Chinese agriculture stocks continue to decline, and are down…
Shares in First Solar Inc. (NASDAQ:FSLR) are soaring this morning, following its first quarter earnings report. The PV solar panel maker posted EPS of $2.00, a penny more than a year ago, on revenue…
By Robert Herbst How about it is the only consistently profitable US airline for the last 29 consecutive quarters? Allegiant (ALGT), based out of Las Vegas, labels themselves as: “A leisure travel company focused…
By John Hudson, The Atlantic Wire The last time we checked in with HTC, Apple was trying to sue its pants off for patent infringement. Now, the Taiwanese cell-phone maker has forged a major…
The Council On Foreign Relations points out that Greece has been issuing it debt in euros and not drachma for some time. “Greece consistently relied on non-drachma debt issuance well before it adopted the…
Updated throughout the day. Short covering may have driven Palm’s (NASDAQ: PALM) price up after the Hewlett-Packard (NYSE: HPQ) offer. (Barron’s) “Omers, the Canadian pension fund, is close to agreeing its first European buy-out since opening a…
This is the Twitter-24/7 Wall St. market report for April 29, 2010.These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
By John Tamny of Forbes The non-scandal at Goldman Sachs has dredged up the silly notion popular on the left and right that while traders and hedge fund types may make a lot of…
Google (NASDAQ: GOOG) may not have been gone from mainland China for long, but Baidu’s earnings showed why the American search company never had much of a chance to be a big player in the People’s…