The oil sands deposit in western Canada has been called many things, but Canadian researcher and writer Alastair Sweeney may be the first to call them a “calming, stabilizing force in the world. Sweeney…
By Robert Herbst After only $99 million profit on $10.4 billion in revenues last year, the best Southwest NYSE: LUV) could do for the recent 1st quarter was a paltry $11 million profit ($24 million…
Updated throughout the day Warren Buffett wants an exception for Berkshire Hathaway (NYSE: BRK.B) as derivative bill nears (WSJ). Blackstone (NYSE: BX) has pulled out of the bidding for RBS (NYSE: RBS) branches. E.ON AG is…
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 Seemingly all sides agreed that health costs should come down in the reform debate. The problem there is that high costs anywhere else are a market positive for predicting…
Crude oil prices are back above $85 and seem ready to breach $90. The leg from $69 to $85 which began in February had hit a plateau, but optimism about the global economic recovery…
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…
China’s tech pirates are at it again. Merchants in the People’s Republic are selling knock-of versions of the Apple (NASDAQ: AAPL) iPad, Reuters reports. They look a bit different from the original but will…
Reuters: Germany’s ruling party is keeping pressure on Greece to restructure debt. Reuters: The growth forecasts of the G20 do not make economic sense. Reuters: Oil moved higher on strong economic numbers. Reuters: The…
The recession is over and unemployment will begin to drop shortly from its perch near 10%. Larry Summers, the head of the National Economic Council, and Treasury Secretary, Tim Geithner, say so frequently. The American public,…
The ministers attending the G20 conference urged the IMF and Eurozone nations to handle the debt situation in Greece as quickly as possible. There is understandable concern that if the capital markets fear that Spain’s problems are not unlike like…
A number of the finance ministers and central bank managers in Europe support creating a bank tax to handle financial firm bailouts in the future. A related levy has been discussed by some members…
The FDIC closed four more banks today, all four in Illinois, bringing the year’s total to 52. The agency late in 2009 made member banks prepay their insurance so that the agency, nearly out of money, could fund…
There were strong losses in three Tickerspy indexes over the most recent 30-day period. This month’s biggest losers are in Chinese agriculture, genetic analysis, and agricultural chemical and fertilizer stocks. Chinese agriculture stocks are down 10.2% in the past…
In the late 1990s, shares of Xerox Corp. (NYSE:XRX) topped $60. When the high-tech industry imploded in 2001, Xerox shares fell to below $5. Since then the shares have risen to about $19 and…
Angela Merkel, Germany’s Chancellor, is about to walk away from offering aid to Greece. That will almost certainly lead to Greece’s default on its sovereign obligations. Greece does not have the capital to last…
Sales of new single-family houses in March 2010 were at a seasonally adjusted annual rate of 411,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and…
Updated throughout the day. The US is planning to sell its stake in American International Group, Inc (NYSE: AIG) (NYPost) “Goldman Sachs was both an underwriter and an investor in Lloyds Banking Group’s vast refinancing…
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…
Greece petitioned Eurozone nations and the IMF for the funds necessary to keep it solvent, according to several media sources. The Eurozone countries have made a “promise” to join the International Monetary fund to provide as much as…