The Administration’s Home Affordable Modification Program was meant to spend as much as $75 billion to keep people in their homes. Mortgage holders who could not make their monthly payments might have them lowered after going through…
Bono, the Irish rock star, has put significant money into Elevation Partners, arguably the worst run institutional fund of any size in the United States. Bono is listed as one of the five members…
Reuters: A Chinese newspaper accused Google (GOOG) of helping US intelligence Reuters: JP Morgan (JPM) is close to a huge tax refund deal with the FDIC. Reuters: Oil dropped below $81 on surging US…
By Robert Herbst For 2009, the nine largest airlines accumulated just over $4 billion in net losses. 2008 wasn’t much better with a $3.5 billion loss. So far, 2010 projections show a $2.7 billion net profit…
KB Home (NYSE:KBH) just reported first quarter 2010 numbers. Data the company disclosed reveals a possible housing recovery. Yet there are wide geographic disparities in the state of the housing market with some areas…
3D television screens for the home are relatively new. Sony (SNE) has said that it will base a good deal of its future as a consumer electronic company on the technology. Samsung and Panasonic have…
By John Hudson of The Atlantic Wire Google has officially shut down its Chinese search site. Users visiting Google.cn are now redirected to a Hong Kong portal, Google.hk where search results appear uncensored. Currently…
Ethisphere released its annual list of “The World’s Most Ethical Companies.” The research identified 100 companies. A committee of leading attorneys, professors, government officials and organization leaders put together the criteria. After that, the survey seems…
Updated thoughout the day. Carl Icahn will push for the sale of Biogen (BIIB) (Bloomberg) Buffett’s Berkshire Hathaway (BRK.B) may be more liquor distributors after picked up Empire (Bloomberg) Nintendo will launch a new…
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…
Time Warner (TWX) has spun out its Time Warner Cable (TWC) operation and AOL (AOL). That has left the company with TV programming, magazine, and studio assets. Wall St. has been waiting to see…
Nintendo has been able to keep a lead over Microsoft (MSFT) and Sony (SNE) in the high-end game console business. Its Wii routinely outsells the Xbox 360 and PS3. Now Nintendo plans to improves its…
Research that tries to forecast consumers’ buying plans is notoriously inaccurate. It is hard to determine what someone will buy if they have not seen it. Purchase intent based on brand can be trumped by…
Health care reform, barely hours old, has begun its way into the legal system. It is a process that could take years. Attorneys general from 12 states are planning to challenge key portions of…
Reuters: Google (GOOG) risks China’s wrath by its challenge to censorship Reuters: China expressed both regret and anger at Google’s move. Reuters: The head of the Chicago Fed said the agency will keep its…
China has not come as far as it has in its battle with Google (GOOG) over censorship not to deliver the final blow. Google says it will close its site on the mainland, Google.cn, and…
Palm (PALM) has set a deal to sell its handsets though AT&T (T) Wireless. Unfortunately, the relationship does not begin “for a few months.” Palm will market its Palm Pre Plus for $149.99 and…
By Heather Horn of The Atlantic Wire Health care reform is finished–at least for now. That means, in the words of popular Barry Ritholtz, “we can get to what I consider to be the…
Updated throughout the day. Google (GOOG) will close its China search engine today (FT) Germany will put a tax on banks to cover the costs of a future credit crisis (ZDF) EMI is trying…
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…