By John Tamny, Forbes The SEC is situational in its like of market transparency. Back in 2002 it embraced the economy-killer Sarbanes-Oxley with balance-sheet clarity in mind. But with transparency driven by short sales,…
The Social Security Administration wants back the $2.5 trillion its has loaned to the US Treasury. It is no wonder. The agency will have to pay out $29 billion more this year that it…
It cannot be good news that the warnings from credit agencies about the US debt and deficit come almost monthly now. Moody’s, in its latest quarterly AAA Sovereign Monitor, examined the financial health of…
The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and…
Tiger Woods sponsorship income in 2009 was estimated by several media sources to be $110 million. Thirty million dollars of that came from Nike (NKE). There are no estimates for the revenue he received…
Google’s list of serious problems may be longer than it has been since the company’s IPO. The search engine company is all but certain to close Google.cn, its Chinese website, after an ongoing battle…
Reuters: The Senate reform bill gives the Fed broader powers. Reuters: Google (GOOG) says it is still talking to China, but signs point to pull-out. Reuters: Arrow will reject a bid from Shell (RDS)…
Many economists in the West have said they fear a double dip recession which would most likely be fueled by high unemployment and that this joblessness will dampen consumer consumption which is about two-thirds of GDP. Most…
The FT reports that Google (GOOG) has made all the necessary plans to close its Chinese search engine business and is “99.9%” certain it will shut the operation down shortly. Li Yizhong, minister for…
Timothy Cook, Apple’s (AAPL) COO, who sat in while Steve Jobs was away ill, made a bonus valued at $22 million for his work. The bonus was awarded on March 10 and is discretionary, which means…
Citigroup (C) CEO Vikram Pandit, recently hailed for turning the bank around after over a year of being blamed for its demise, only made $128,751 last year in total compensation, down from $38.2 million…
American Express (AXP) has informed a number of its card members that their account numbers, names, the date on which their cards became effective, and the expiration dates have been stolen. The firm also said…
The market was overly impressed with the rebound in February retail sales. The Commerce Department says that the figure for the month was $355.5 billion excluding autos, an increase of 0.3 percent from January. The number was 3.9 percent…
The video game industry had another rough outing in February as revenue fell 15% from last year. Total sales of games and consoles totaled $1.26 billion in the US. Microsoft (MSFT) and Sony (SNE)…
Updated throughout the day. Janet Yellen will be nominated to be vice chair of the Fed (various) Meg Whitman’s former CEO of Ebay (EBAY) run for governor of California may be hurt by her investments…
Toyota’s US sales are recovering in March, as improbable as that may seem. Industry research group Edmunds.com said the Japanese company’s zero percent incentive plan has brought Toyota’s market share in the US back up…
Mortgage research firm RealtyTrac reported that the rate of mortgage defaults slowed to a four-year low in February, but the trend of foreclosures was still up by 6% compared with the same month last…
Google (GOOG) seems ready to extend its plan not to censor the results of its search engine results in China, which would anger the local government. The People’s Republic expects tech companies based abroad to…
Pfizer (PFE) and other big pharma companies have been under assault for several years as some of their most profitable drugs lose patent protection which creates low-priced generic competition. Pfizer has not been able to…
It is proxy season and as public companies put out the lists of compensations for their CEOs it is plain that the recession did not damage chief executive pay packages in most cases. New…