Consumer Reports’ monopoly on auto testing remains largely unquestioned. Recently, the magazine found that the Lexus 460 rolls over. In years past, it has found problems with Jeeps and Firestone tires. The question is…
Mortgages rates fell to 5.07% last week for 30 year fixed loans. That cuts against the theory that the Treasury auctions will push up rates and that the Fed’s decision to stop the purchase…
The recession nearly ruined the video game business, pushing some publishers such as Take-Two Interactive (NASDAQ: TTWO) to the financial brink. Even Electronic Arts (NASDAQ:ERTS) reported huge losses and laid off more than 10%…
It has only been a month since German Chancellor Angela Merkel suggested that the Eurozone needed a way to eject companies from the alliance if they persistently broke its financial rules. Greece was at the…
Reuters: The Fed backed “extending language” on rates. Reuters: About 60% CDS could be cleared centrally according to experts. Reuters: Bank of America Corporation (NYSE: BAC) and Symphony will link up on a new…
During the first quarter of 2010, Rio Tinto plc (NYSE:RTP) boosted production of iron ore by 39% compared with the same period last year. The primary driver, as expected, is China, where the still-booming economy can’t…
By Heather Horn The New York Times’ David Herszenhorn and Sewell Chan say the financial reform fight is already “echoing” the epic battle over health care. Senator Mitch McConnell recently gave a speech claiming…
The IRS publishes a review of what the 400 people with the highest adjusted gross income in America pay in taxes each year. The most recent report covers the period from 1992 to 2007. The top 400 made…
Updated throughout the day. The Carlyle Group is trying to sell United Components and hired Goldman Sachs to help find a buyer for the auto-parts firm. (Bloomberg) Prosecutors may be looking into whether a Goldman…
Twitter has, by most estimates, 75 million visitors a month, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
British Airways has been through a year of record losses in 2009, work stoppages which have cut into its flight schedules, a pension fund which is billion of dollar underfunded, and a tentative merger…
The European Union’s economy commissioner says that the 16-country region faces deflation if financial reforms are not made in most of the nations in the alliance. According to the AP, Olli Rehn said “it wasn’t…
New data show that during Q1 2010, foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 932,234 properties in the first quarter, a 7% increase from the previous quarter…
The credit ratings service Fitch says that payment rates on subprime montages improved for the first time in four years. “The share of subprime loans that were at least 60 days past due or…
China’s first quarter GDP growth rate was a sizzling 11.9%. The improvement was the best in three years and shows that the economy in the People’s Republic has returned to pre-recession growth rates. The…
Reuters: An 11.9% growth in China during the first quarter has caused the government to look at tightening. Reuters: Toyota Motor Corporation (NYSE: TM) is testing all of its SUVs after problems with one…
Dell Corporation (NASDAQ:DELL) is still having trouble in its race for global PC market share. Its number for the first quarter of 2010 was 13.3%. Taiwan manufacturer Acer had a worldwide share of 13.6%…
The Russian and German investigations of potential bribes made by Hewlett-Packard Co (NYSE: HPQ) turned vicious today. German prosecutors are examining evidence that HP paid “about €8 million ($10.9 million) in bribes to win a €35…
In one of the more ho-hum announcements in recent memory, Dell Inc. (NASDAQ: DELL) and Spain’s Telefonica S.A. (NYSE :TEF) today announced a strategic alliance to “develop future products and services designed around enhanced data-first…
Kidney Dialysis and Treatment Stocks Up 7.8% today This otherwise inert sector is being buoyed by the announced $112 million acquisition of the Dialysis Corporation of America (NASDAQ: DCAI) by U.S. Renal Care, a privately…