Reuters: A suicide bomber killed 37 in Moscow. Reuters: China sentenced Rio Tinto (RTP) executives in prison for ten years. Reuters: A JPMorgan $1.4 billion tax write-off faces FDIC scrutiny. Reuters: Some Apple iPads will…
What can go wrong, will go wrong. Apple’s (AAPL) website shows that new online orders for the company’s iPad will ship as late as April 12. The product debuts in Apple stores on April 3.…
Verizon (VZ) owns 55% of Verizon Wireless and Vodafone (VOD), the largest cellular company in Europe owns 45%. Now that most of its debt is paid down, Verizon Wireless can start paying dividends to…
The federal government may sell its stake in Citigroup (C) at a profits of about $8 billion, according to The Washington Post. But, a sale of the stake, about 27% of the bank’s shares,…
Biopharmaceutical stock are the new age dot-coms, the public companies that took little internet firms with no revenue so high that the NASDAQ moved above 5,000 in early 2000. Most biopharma companies are cheap…
By Max Fisher of The Atlantic Wire The White House is rolling out a program to fight back against the home foreclosures that have been crippling American communities for almost three years. The plan…
Updated throughout the day. The Gores Group may be in talks with Polycom about merging the video conferencing company with Siemens Enterprise Communications. (FT) Man Group is in acquisition talks with American firms including SAC…
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…
The latest sign of the improbable recovery of GM is that it will pay the Treasury back $1 billion. According to The Wall Street Journal, it would be another step to bring down the…
The New York Post, not the single most reliable source for business news, says Radio Shack (RSH) is looking for a private equity buyer or an M&A transaction with a larger company like Best…
Research firm Trucar expects Toyota (TM) to spend $395 million on incentives this month. The company’s incentive per car will be 37% higher than in February and 47% higher than they was in March 2009. Auto…
Reuters: The Nikkei topped 11,000 for the first time since October 2008 Reuters: The White House will announce housing aid for those having difficulty with making their mortgage payments. Reuters: A Fed agency is…
It would be hard to come up with a better way to stop the rising rate of foreclosures than to eliminate mortgage payments altogether. The Office of the Comptroller of the Currency and the…
by Paul Kiel, ProPublica How many struggling homeowners will get a mortgage modification through the government’s $75 billion program? It would seem to be a simple question. But for the past year, the administration…
German Chancellor Angela Merkel and French President Nicolas Sarkozy have finally decided, after bilateral talks, to allow the IMF to join any bailout of Greece. Dow Jones Newswires reports “The support of France is…
A number of media outlets have pointed out that the euro was slaughtered earlier today when a minor Chinese official said that the sovereign debt probably will become a plague which will reach beyond…
Ambac (ABK) may be the last of the big financial firm flameouts coming out of the credit crisis. The only probable exceptions are Fannie Mae (FNM) and Freddie Mac (FRE), which the government may take…
Ernst & Young, which handled the audit duties for Lehman, is trying to persuade its customers and the public that it will not suffer the same fate that Arthur Andersen did after the bankruptcy…
Updated throughout the day. The Treausury Department may begin to sell its 27% stake in Citigroup (C) (Bloomberg) Billionaire Nelson Peltz will not try to buy CKE Restaurants, owner of the Hardee’s and Carl’s Jr.…
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…