Everyone loves Warren Buffett of Berkshire Hathaway (BRK.B) and the “never be evil” management of Google. Citigroup (C), Goldman Sachs (GS), and the other large firms on Wall St. are among the most hated…
The New York Times and The Wall Street Journal each published their list of the compensation packages of the CEOs of the 200 largest companies, although each defined this group differently. Some of the…
The estimates for first day sales of the Apple (AAPL) iPad have begun to come out. They are useless, educated guesses at the best. Apple has not give out any numbers and may never.…
Treasury Secretary Tim Geithner for some reason found it necessary to explain to a member of Congress that the debt obligations of Fannie Mae (FNM) and Freddie Mac (FRE) were not sovereign obligations of the…
China’s agreement to attend a nuclear summit in Washington gave many hope that China would finally join the U.S. on sanctions against Iran. Today, there are hints that China could finally be easing back…
Updated 4/4: The White House today said it would delay the decision about whether to label China a “currency manipulator.” Several members of Congress said they would continue to push for sanctions against the…
For the past 40 years, the price of iron ore has been set annually in a negotiated deal between miners and buyers. Typically, the first large customer to cut a deal with a miner…
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…
A strategic document obtained by Caixin describes China Mobile’s plans for multilevel cooperation on the wireless media frontier.
GM and Chrysler will pay the government back their tens of billions of dollars in loans by 2016 or go bust in the attempt. That is the year that the The White House wants…
Flamboyant and loquacious AIG (AIG) CEO Robert Benmosche forgot the old business rule that it is best to under-promise and over-deliver. He told Reuters that he believes his company will pay back taxpayers before 2013…
Toyota (TM) found some measure of redemption in the US last month. Its sales rose 43% over March 2009. Its unit sales were nearly the same as those of GM and Ford (F) and…
President Obama’s proposal to lift the exploration and drilling ban along the US Outer Continental Shelf (OCS) could result in the recovery of billions of barrel of oil and trillions of cubic feet of…
Reuters: US Census hiring will life payrolls. Reuters: The US will impose new airport security measures. Reuters: The head of China will visit the US and the issue of the yuan may be resolved.…
Hyundai has been the star of the domestic car industry for over a year, as it picked up market share with its slick new cars and relatively low prices. Its status was knocked down a…
Bill Gross, the most famous fixed income investor in the world, has grown progressively more pessimistic about the financial world’s prospects. In his monthly letter to investors, he spent most of his analysis on the…
The March Manufacturing ISM report was better than expected, indicating that the economy is expanding whether job creation is occurring or not. The figures may support the theory that production in the US has improved so much…
The euro zone’s IMF bailout of Greece has lost its power to attract the world’s capital markets to the debt of the southern European country. The markets, as represented by the spreads on Greek…
By John Tamny of Forbes It’s regularly said that the Chinese yuan is cheap, but since the yuan is defined in dollar terms, the Chinese currency is only cheap because the dollar is. As…
Updated throughout the day. The SEC may publicize details of prosecution even if people settle with the agency (NYT) Borders (BGP) will repay a $43 million loan to Pershing Capital. (NYPost) The Apple (AAPL) iPhone…