The CTIA released its semi-annual survey of wireless phone use in America. The number of cellular subscriptions in the US rose to 285 million, confirming industry concerns that the market is now saturated with…
Some members of Congress were as excited about Google (GOOG) leaving China as founder Sergey Brin was. Brin said that the repressive regime in the People’s Republic reminded him of his homeland the Soviet…
Short sellers pushed into tech, communications, and industrial companies for the period ending March 15, but largely moved out of financial shares. Short interest in Cisco (CSCO) was up 12% to 53.7 million. Shares…
Shares of Chinese search engine, Baidu, which has a market share of about two-thirds of the internet users on the mainland, have risen from $170 a year ago to $609 today. The firm has…
The desert kingdom of Dubai has come up with a novel way to pay its debt–it will roll it over to another day in another year sometime in the future. It will give creditors…
Reuters: EU leaders are divided on Greece before their summit. Reuters: Changes in the health care bill will go back to the House. Reuters: China described interest rates as a “heavy-duty weapon” in the…
GlaxoSmithKline (GSK), the world’s second-largest drug maker, just can’t seem to catch a break
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…
Government mortgage modification programs have so far targeted people’s monthly home loan payments. These plans have proven to be failures. There are a number of theories about their lack of effectiveness. One is that…
JPMorgan (JPM) is about to get what it deserves–a $1.4 billion tax refund from the United States. Jamie Dimon, the CEO of the bank, may be more clever than his peers, but in this case…
It was not unheard of for American media correspondents to pass information to the US military during WWII. Perhaps the Chinese had that in mind when they accused Google (GOOG) of spying for the…
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…