There are two opportunities for companies in the airline business to improve their prospects in troubled times. The first is bankruptcy and the other is M&A. US Air (LCC) and United (UAUA) have decided…
In what may be a coup de grace to Greece’s chance to cooperate with eurozone nations and the IMF to raise money through the sale of sovereign debt by the southern European nation, Bloomberg…
From Bloomberg TV Geither’s comments are very similar to 24/7’s from earlier today. We said “China has argued that it will show a trade deficit in March and that any action to end the…
Updated throughout the day A number of private equity firms are considering bids for the Royal Bank of Scotland’s Global Merchant Services division. (WSJ) US regulators will examine high frequency trading more closely (WSJ) CKE Restaurants…
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…
Apple’s (AAPL) cost to build its new iPad is extraordinarily low compared to what the firm charges consumers. iSuppli, a research firm which analyzes hardware expense of goods, estimates the total cost to build an iPad is…
Verizon (VZ) CEO Ivan Seidenberg must never have used an Apple (AAPL) iPhone which runs on the AT&T (T) Wireless network. The Ma Bell cellular service is notorious for dropped calls and slow 3G service.…
Treasury chief Tim Geithner is about to make an unannounced trip to China today to meet with the Chinese Vice Premier, Wang Qishan, the official most involved with monetary policy. This may lead to speculation that the…
In an age in which government spending is measured in hundreds of billions of dollars, the potential shortfall in California pension plans is shocking. A new study from the Stanford Public Policy Program estimates that…
GM and Chrysler are short about $17 billion in contributions to the pension plans of their workers, or so says the a report from the United States General Accountability Office on the progress of…
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…