How much does it cost to clean up the Lehman Bros. bankruptcy mess? Hundreds of millions of dollars, apparently. The firm that provides the liquidation service for the court, Alvarez & Marsal, made $262…
Among them, Verizon Wireless, AT&T (NYSE: T), Sprint (NYSE: S), and T-Mobile have almost 260 million wireless subscribers in the US. The population of the US is 305 million people and some of those are…
Wall St. and legal experts have begun to question whether Goldman Sachs Group (NYSE: GS) should settle charges by the SEC that it defrauded investors by not disclosing its role in the sale of…
Reuters: The push for a stronger yuan has been modest at the G20 meetings. Reuters: A Goldman Sachs Group (NYSE: GS) Director Rajat Gupta told hedge fund billionaire Raj Rajaratnam about a $5 billion investment in…
Storing files on remote servers whether those files are e-mails or medical records in a bad idea. The security the protects the data may be poor. That risks personal records, financial information, and business…
The percentage of people who feel that believe their financial situations are “good” or “excellent” fell to a new low in a Gallup poll which has been since 2001. That means the attitudes on the issues from the two deep…
Most adults in the UK, US, Canada, and Australia are aware of pay inequality. The does not seem to help women get equal pay with men. Recent Census data shows that female workers in…
Microsoft (NASDAQ: MSFT) traded within pennies of its 52-week high today, a sign of the optimism that the market has about the technology sector in general and especially the strength of the adoption of Window 7. The failure…
Senator Ted Kaufman of Delaware doesn’t care what Obama says in his speech on Wall St. today or what Volcker or Dodd want to do to break apart the largest investment and money center…
The $787 billion federal stimulus package enacted last year included $20 billion to subsidize energy efficiency programs in the states. Adding insulation, installing more efficient lighting, and other such seemingly small changes add up…
By John Hudson of The Atlantic Wire Things are finally looking up for GM. On top of news that Americans again believe the U.S. makes better cars than Asian companies, the automaker announced it…
Updated throughout the day. Bernie Madoff’s famous lipstick building in NY may have to be sold (NYPost) Obama will beat up on Wall St. in a speech in NY (various) Goldman Sachs Group (NYSE: GS)…
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…
In a year in which many financial institutions gasped for air, the Federal Reserve transferred $47.3 billion to the Treasury – its “profit” in a sense. The Fed’s comprehensive income, the difference between its…
Nokia’s (NYSE: NOK) margins must be under pressure. In its latest earnings report its said that its forecast the global handset market was intact. It also said it market share would rise to 33% from…
The head of the International Monetary Fund said Thursday that the debt crisis in Greece is serious and there would be no “silver bullet” to resolve the issue in an easy manner. (Updated from…
Amazon (NASAQ: AMZN) announced that it would begin to sell its Kindle digital book reader in some Target (NYSE: TGT) stores. The news was viewed as a big “win” for Amazon, which has been besieged…
US Airways breaks off merger talks with UAL Corp. (Updated from MarketWatch at 10.50 AM EST) The IATA, the airline industry’s trade association which has over 220 members, reported that carriers lost $1.7 billion…
There are too many companies in the business of streaming or downloading premium video over the internet. Sony (NYSE: SNE) announced that it will begin to stream major league baseball games into markets outside those…
Reuters: The head of GM says taxpayers may get their entire investment back. Reuters: Obama will urge tougher rules on Wall St. Reuters: The CEO of Goldman Sachs Group (NYSE: GS) attacked the SEC…