Apple (AAPL) can build its low-end iPad for as little as $239 ,according to industry research operation iSuppli. The most expensive version of the tablet, the 64GB product with 3G, costs $346 to build. The numbers…
“Letting a hundred flowers blossom and a hundred schools of thought contend is the policy for promoting progress in the arts and the sciences and a flourishing socialist culture in our land.” Mao Zedong,…
Reuters: The EU summit will address the Greek bailout. Reuters: Google (NASDAQ:GOOG) will test an ultra-high speed broadband system. Reuters: Sweden took that top spot from the US for use of telecom technology. Reuters: …
Markets in Asia rose modestly. The Hang Seng rose 1.9% to 20,291. The Shanghai Composite was up .1% to 2,986. At the open in Europe, the FTSE was up .6% to 5,165. Rio Tinto…
Motorola (MOT) has not had a real strategy or good explanation of what it is for years. The company got into the handset market very early in the history of the industry, in 1991. It…
Short interest in major banks rose sharply for the period that ended on January 31. Share short in Citigroup (NYSE:C) were up 11% to 439 million. The short interest in Bank of America (NYSE:BAC)…
Berkshire Hathaway Inc. (NYSE: BRK-B) (NYSE: BRK-A) has already seen its ratings cut last week by Standard & Poor’s over the added leverage of the Burlington Northern Santa Fe (NYSE: BNI) acquisition. Now we…
Google (GOOG) plans to launch an experiment to test a super-high-speed broadband network, the company said. “We’ll deliver Internet speeds more than 100 times faster than what most Americans have access to today with…
From The Atlantic Wire On Tuesday, Google unveiled its newest social networking service, Google Buzz. Tech blogs have been anticipating its release, speculatively debating whether it will pose a challenge to Facebook and Twitter.…
Toyota (TM) said it has set aside $2 billion for the recall of about eight million cars and light trucks with brake problems. This does not include the cost of a recall of 2010 models…
The Energy Information Administration is out with its newest 2010 and 2011 predictions for both supply and demand for oil and energy products. This may throw water on T. Boone Pickens’ call for $90…
Google Inc.(NASDAQ: GOOG) is far from losing its stranglehold on the U.S. search market. Yahoo! Inc. (NASDAQ: YHOO) is also far from being able to reclaim much market share that it has lost in…
GameFly, Inc. has filed its registration statement with the SEC which will allow the company to come public via an initial public offering. Shares will be sold by GameFly and by certain selling stockholders. …
We are getting more and more caution from technicians and fundamental analysts that bring back the notion and fears of another market correction. Some are expecting far worse than just a correction. The good…
Updated throughout the day. Dubai World will seek and extension on payments of $22 billion in debt. (Al Ittihad) Germany may lead a bailout of Greece (various) Paulson & Co. has had trouble getting…
These are some of this Wednesday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this morning: Adobe Systems (NASDAQ: ADBE) Raised to Outperform at Credit Suisse; Raised to Buy at…
Toyota (TM) has announced a recall of its 2010 model Prius, the market leader in the global hybrid car sector. The company says that a software glitch causes a brake problem in the car and…
Baidu (NASDAQ:BIDU) impressed Wall St. with its fourth quarter 2009 earnings. Revenue rose 40% to $185 million and net income was up 48% to $63 million. Investors are impressed enough with Baidu’s numbers to give it a…
Companies seemed to prefer share buybacks in 2007 and 2008, and maybe part of 2009. Why not, if the stock is cheap? But then 2009 came and many companies were derailed by the recession…
China posted more extraordinary trade figures for January. Exports for the month rose 21% and imports were up 86%. Each of the figures is an improvement on the same measurements in late 2009. Economists…