AMD (AMD) CEO Dirk Meyer made $4.6 million last year as his company made a profit, but only because of a legal settlement with Intel (INTC) over antitrust matters. The money probably should have…
You might not believe it, but the Federal Reserve noted that January’s consumer credit rose by 2.4% in January by $4.96 billion to $2.456 trillion. This marks the first time we have seen a…
Biotech firm XenoPort (XNPT) will lay-off half of its employees. The company lists 219 full-time workers. On February 17, the FDA rejected a restless leg syndrome drug being developed by XenoPort and GlaxoSmithKline (GSK) because of…
24/7 Wall Street has a real-time index we keep of the 500 largest market caps of US equities. This is The 24/7 Wall St. Real-Time 500. Of these, the 23 highest are deemed mega-cap…
The graphic to the left illustrates the path of Recovery funds from the federal government to the local level. Congress appropriates Recovery Act funds to federal agencies. Federal agencies make funds available to state and local…
By Heather Horn of The Atlantic Wire It should tell you something that Funny or Die’s star-studded video of past presidents encouraging Obama to pass financial reform attracted more attention than any one piece…
Updated throughout the day. Microsoft (MSFT) will launch a phone with Verizon Wireless. (Gizmodo) Swiss commodity trader Glencore bought back its Prodeco coal operations in Colombia from mining group Xstrata and is looking for partners to provide…
The Labor Department has released its Unemployment rate for February. The official figure kept at 9.7% versus a Dow Jones projection of 9.8%. The change in non-Farm Payrolls in February was -36,000, a drop…
These are the top ten analyst calls we have seen in upgrades, downgrades, and initiations from Wall Street research calls this Thursday morning: Allergan Inc. (NYSE: AGN) Raised to Buy at Lazard. Calpine Corp.…
Over the last 45 years, Warren Buffett’s investments have beaten those of every mutual fund. That’s every mutual fund. According to a study from fund research firm Morningstar, Buffett has posted 20% annualized gains over…
As the Congressional Oversight Panel examined the history of the near-collapse of Citigroup (C) and its plans to stay out of trouble, a Treasury official made it clear that the department believes that no bank is…
The head of the FBI said that cyber attack threats to US companies and the federal government are not strictly from groups in large nations such as China and Russia. Terrorists are increasingly turning…
Many economists and experts at the IMF and World Bank have said that China’s GDP growth could be over 10% this year. That is based on the increased demand for consumer goods among China’s growing…
Reuters: The House passed the $15 billion jobs bill. Reuters: China will slow government stimulus spending. Reuters: Toyota (TM) said there is no evidence of unintended acceleration in fixed cars.
Markets in Asia were higher. The Nikkei rose 2% to 10,348. Sony (SNE) rose sharply. The Hang Seng was up .6% and the Shanghai Composite rose .1%. Data from MarketWatch. Douglas A. McIntyre
The Parthenon was built in 432 BC. It is priceless. The site brings in a lot of tourist dollars, but it more than a source of capital; it is a national treasure like the…
I was looking through my emails this morning and saw the change that has long been on the way… A new MSN is coming. Microsoft Corp. (NASDAQ: MSFT) has its search pact with Yahoo!…
KB Home (NYSE: KBH) is losing a very prestigious name on its Board of Directors. The company just announced that Ron Burkle will not stand for re-election to KB’s Board of Directors at the…
The Holy Grail of consumer electronics devices is one that would combine the best features of the Apple (AAPL) iPad, iPod, and iPhone. Sony (SNE) means to introduce products to challenge the Jobs &…
Tower International, Inc., or Tower Automotive LLC, has just filed to come public in an IPO. The company does not list any shares or or terms and did not list an exchange or a…