Microsoft (MSFT) launched its new KIN handsets today. The description in the press release made it almost impossible to understand how the smartphone works and what its market might be. One thing that Redmond…
By Heather Horn, The Atlantic Wire Over the weekend, Europe offered a special deal to debt-ridden Greece: loans of up to $40 billion (or 30 billion euros) at a mere 5 percent interest rate.…
Updated throughout the day. Palm (PALM) is seeking buyers and has retained two investment banks (Bloomberg) AIG (AIG) and Goldman Sachs (GS) ended most of their related CDS positions (Reuters) Apollo is looking at a purchase…
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…
By John Tamny, Forbes A liberal economist and a conservative economist have teamed up on the latest bad idea for reducing unemployment. In this case, successful companies would subsidize tax cuts for less successful…
It appears that ESPN and CBS (CBS) will get their wishes for the Masters. Tiger Woods’ return to golf resulted in a 47% increase in TV ratings for the tournament’s first round. Viewership hit 4.94…
Uncle Sam is doing fewer and fewer tax audits of huge corporations. These companies are, in theory, the firms that should pay enough to the IRS to help make a dent in the budget deficit.…
The people who watch The Tonight Show with Jay Leno are old. The viewers of the program have an average age of 56, which is about 10 years older than they were when Conan O’Brien. That…
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…
Reuters: The costs of the US bailout of the financial industry was $89 billion. Reuters: Goldman Sachs (GS) and AIG (AIG) are unwinding their CDS positions. Reuters: The euro surged on news of Greek…
Mortgage rates moved above 5% last week and many economists expect the number to rise above 6% by the end of the year. “It certainly will make it harder for people to buy homes,”…
The new Apple (AAPL) iPhone operating system, known as OS 4.0, was only introduced two days ago. Hackers have already broken into the system so that they can run pirated software on the handset.
Car sales in China during March rose 63% to 1.26 million according to the China Association of Automobile Manufacturers. US domestic vehicles sales for the same period were 1.07 million. When trucks were included…
The most remarkable thing about the 30 billion euro bailout package for Greece by the euro-zone nations is the interest rate–5%. The yield on Greek sovereign debt was well over two points higher than that just…
The government cap on fines that the NHTSA division of The Transportation Department can levy on any one car company for a single violation of the agency’s rules is $16.735 million. That is the fine the NHTSA will…
It is only a few weeks ago that China was promoting its role as the preeminent expanding economy of the world. It also regularly lectured the US about containing its deficit and getting its…
From the heady heights of the summer of 2008, oil refiners have suffered from a downturn. Valero Energy Corp. (NYSE:VLO) and Tesoro Corp. (NYSE:TSO), which refine and market petroleum products exclusively, have suffered the…
Greece needs 53 billion in euros to cover its deficit and debt service this year. Germany and France are dragging their feet rather than providing Greece immediate aid, for reasons that are not entirely…
Updated throughout the day. Bain and KKR plan IPOs for Toys ‘R’ Us, HCA, and NXP Semi (WSJ) Twitter will redesign its homepage. (AllThingsD) Continental (CAL) may push out US Air (LCC) as the merger partner…
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…