Reuters. Obama will nominate Yellen to be Fed vice chair. Reuters: China told Obama to leave yuan policy to its government. Reuters: A Chinese minister said the nation could not keep up fast industrial…
Markets in Asia were mixed. The Nikkei rose .8% to 10,751. The Hang Seng was down .1% to 21,208. The Shanghai Composite was down to 3,013 At the open in Europe, the FTSE rose…
Average: “an estimation of or approximation to an arithmetic mean”–Webster Among the public companies in the handset business which trade on US exchanges, Nokia (NOK) has performed the most poorly over the last year. The…
By John Hudson, The Atlantic Wire On Tuesday, Hal Varian, Google’s top economist, delivered a keynote address on the economics of the newspaper industry. He’s a notable expert on the subject, in part because…
Direxion is launching six new Direxion Shares Daily ETFs, making the leveraged ETF trading instruments now at 34 ETFs. These will seek 200% of the daily performance or 200% of the inverse of the…
Updated throughout the day. Citigroup (C) may earn $20 billion in 2012 (FT) Macquarie Group, Australia’s largest investment bank, is on the hunt for more U.S. assets. (Bloomberg) Regulators have told Bank of America…
These are this Thursday’s top analyst upgrades, downgrades, and initiations seen from Wall Street morning research calls: Amylin Pharmaceuticals (NASDAQ: AMLN) Started as Buy at Merriman Curhan Ford. Annaly Mortgage (NYSE: NLY) Cut to…
By John Tamny of Forbes It’s very difficult to pick up any kind of financial publication these days without reading about China’s growing economy, and what this means for the economic health of the…
Like GM and Toyota (TM) before it, VW aims to be the largest car company in the world within a few years with a huge lead over its competition. In the meantime, VW said that…
After a month of bad news about housing starts, existing home sales, and mortgage delinquencies, the number of homes going into foreclosure is slowing rapidly. RealtyTrac reported 308,524 U.S. properties foreclosures last month, a decrease…
China’s statistics bureau said that the rise in housing prices over the last year was 1.5%. The China Real Estate Association put the figure at 22%. “When I saw that figure I was also…
“Go where the money is, and go there often”–Willie Sutton, professional bank robber Hackers can work their way into Google’s (GOOG) mail servers in China and government computers with sensitive date. But, the real…
The unemployment rate is slightly below the 10% mark, which seems terribly important psychologically. It seems that the economy is fine if the jobless rate is 9.7% but is in horrible shape if the…
By Bruce Watson, Daily Finance Forbes just released its annual ranking of the world’s richest people and, to a few readers, the list may come as a shock. The top slot isn’t taken up…
Reuters: BP (BP) bought Devon for $11 billion to get access to its oil fields. Reuters: Toyota (TM) give a Senate panel a memo from a union seeking better quality control. Reuters: S&P said…
Markets in Asia were slightly higher. The Nikkei rose 1% to 10,685. Sony (SNE) moved higher. The Hang Seng was up .1% to 21,228. The Shanghai Composite was up .6% to 3,051. At the…
It was less than two years ago that defunct business magazine Portfolio named Citigroup(C) CEO Vikram Pandit one of the twenty worst CEOs of all time. Pandit may be about to jump on the list of…
Wal-Mart (WMT), the world’s largest retailer which has sales greater than the GDP of many countries, has decided it is so successful that it can stock products that no one wants. According to Reuters,…
by Diane Vacca After working for eight and a half years at IBM, Nancy Ikeda, 55, lost her job 13 months ago. She had lived in Binghamton, N.Y., since her daughters were in high…
Average: “an estimation of or approximation to an arithmetic mean”–Webster The smartest move that J. Raymond Elliot made in his career was to leave the Boston Scientific (BSX) board in 2009 after less than…