Reuters: The Chinese hinted they were ready to let the yuan rise. Reuters: Asian stocks are near a 22 month high. Reuters: Regulators plan to track fast frequency trading. Reuters: FTC may block Google’s…
The value of homes in many parts of the US are down 30% since their peak in 2006. In parts of Nevada, Michigan, and California the drop is 50%. Eleven million mortgages are underwater…
The IPO filing by Tesla Motors brings into sharp relief the current battle for hearts and minds between the new electric cars and the traditional gasoline-powered vehicles. US and Japanese carmakers are pushing development…
The ranks of the long-term unemployed, those out of work for over 26 weeks, is likely to increase. In March 2010, 44% of those unemployed were out of work for at least six months, the highest…
There appears to be widespread agreement that the US is not spending enough money to develop a world-leading alternative energy market. When President Obama introduced his plans for clean energy development as part of…
By Heather Horn, The Atlantic Wire Last week the Wire brought you a roundup of ideas on how to prevent the next financial crisis. The Dodd bill, a set of reform measures under consideration…
By Hu Shuli, Wang Shuo and Li Xin of Caixin The former U.S. treasury chief, in an exclusive interview, said further yuan rate reform would help China’s economy as it continues contributing to post-crisis…
Enterprise software company CA, Inc (CA) will fire 1,000 people, about 7% of its work force. The firm will take a $50 million restructuring charge in the current year, according to an SEC filing. CA also…
Updated throughout the day. Microsoft (MSFT) will release its own line of smartphones (WSJ) The SEC is having trouble overhauling its enforcement divisions (Washington Post) Hedge fund assets will hit $2 trillion by year-end…
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…
Just several weeks ago, Greece was on the brink of economic collapse, its debt a staggering 12% of GDP, and its unions prepared to stop work at any sign of pay cuts. The IMF…
If and when the DJIA hits 11,000 it won’t matter much beyond being a round number. The Dow fell below 12,000 in June 2008 and below 10,000 in October of that same year. 11,000…
In keeping with the tradition of reporting data that is “less bad” than it was a year ago instead of “much worse”, real estate research firm Reis said that US apartment vacancies stopped rising. They…
Most market experts would not have expected Apple’s (AAPL) market value to have passed Walmart’s (WMT) or GE’s (GE). But, it has even though the maker of the iPad and iPod had revenue of only $36…
Reuters: Oil dropped as the dollar strengthened. Reuters: Samsung posted record profits. Reuters: Greece wants to amend its aid deal with Europe and not use IMF. Reuters: The US Transportation Department will try to…
The Department of Transportation wants to make Toyota (TM) pay the maximum civil penalty– $16.375 million– for “failing to notify the auto safety agency of the dangerous ‘sticky pedal’ defect for at least four months, despite knowing…
The deal between American Airlines and JetBlue brings both of them unexpected financial advantages that help shareholder value
Banks’ repayments of TARP preferred stock and warrants continue to turn a profit for the U.S. Treasury Department, according to analysis by SNL Financial done by By Andrew Schukman and Russ Yates. As of…
The oil sands deposits in western Canada give the US’s closest trading partner the second largest total crude oil reserves in the world, some 175 billion barrels. Only Saudi Arabia has more. Last week’s…
Updated throughout the day. Democrats are unhappy about an Obama Memorial Day deadline for a financial reform package (Politico) Yamaha plans to raise $810 million. (Bloomberg) Extended Stay, the hotel company, favors a buyout offer…