John Tamny of Forbes Not surprisingly, the latest unemployment report has elicited all sorts of hand-wringing over the future jobs’ picture for today’s workers. Former Labor secretary Robert Reich told USA Today that “We’re…
Wives are increasingly becoming the top earners in American households. The Pew Research Center reports that in 2007, in 22% of households wives earned more than their husbands. That is up from 4% in…
Two trillion cigarettes are sold in China each year. Sixty-percent of adult men in the People’s Republic are smokers. The AP reports that China will ban smoking indoors in seven of the nation’s big provincial…
JAL finally gave up the ghost after months of negotiation with creditors and large banks. The Japanese government gave the airline access to a modest credit facility. That was not nearly enough. The bankruptcy…
The Kraft (NYSE:KFT) deal to buy Cadbury (NYSE:CBY) was concluded today at a purchase price of about $19.44 billion. That was all it took to close the deal–a rich offer made and accepted. It…
Reuters: Kraft (NYSE:KFT) has a deal to buy Cadbury (NYSE:CBY) for about $19 billion. Reuters: China says Google (NASDAQ:GOOG) and other foreign firms must respect its laws. Reuters: JAL is going bankrupt.
Markets in Asia were mixed. The Nikkei was down .8% to 10,765. Honda (NYSE:HMC) and Toyota (NYSE:TM) dropped and JAL filed for bankruptcy after the close. The Hang Seng rose .9% to 21,661. The…
Each year some large retailers face the fall-out of a weak holiday season. The problem was particularly acute in 2009 because the improvement from 2008 was modest if there was any improvement at all.…
The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined be earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and…
If you are in the United States, we know that you didn’t go the bank, the post office, any government office, court houses, and you probably didn’t trade. While you were enjoying your day…
The rumor mill is at work. Kraft (NYSE:KFT) may have entered friendly talks with Cadbury (NYE:CBY) to end the ongoing battle caused by the American company’s hostile takeover offer for the UK firm. The…
Chrysler showed again why it is laggard among the American car companies previously known as The Big Three. It announced a recall of 24,000 late model Chrysler, Dodges, and Jeeps. According to CNN, “The…
Apple (NASDAQ:AAPL) said it will launch a new product at an event scheduled for January 27. Watch the shares drop 10% if it is not the anticipated tablet computer and 15% if Steve Jobs…
This week’s Unusual Suspects are not just about earnings season, despite the deluge and onslaught we are about to see. We have a watch for events this week in shares of Acorda Therapeutics, Inc.…
The more distance that most of the large national economies put between themselves and the deepest part of the recession, the less frequently the term “double dip” is used. Government officials in the US have…
Most claims of worldwide trends that are based on dollars are guesses and may be crude guesses at that. Two healthcare monitors say that global medical fraud now totals $260 billion. A study by the…
Reuters reports that one or two people inside Google (NASDAQ:GOOG) may have provided hackers with a way into the search engine’s servers that allowed the cyberattack that could cause the company to leave China…
Markets in Asia were narrowly mixed and slightly higher in Asia Reuters: Google (NASDAQ:GOOG) is investigating whether an insider helped China’s cyber attack. Reuters: The IMF chief said there could be a double dip…
“ Hello, I must be going. I cannot stay, I came to say I must be going. I’m glad I came but just the same I must be going.”–“Hello, I Must Be Going” lyrics by Groucho…
There was one issue which concerned us the most after Google Inc. (NASDAQ: GOOG) entered the smartphone market, and that was that this might create a race to zero via an old-fashioned price war. …