Andrew Cuomo, current attorney general and either future governor of New York State or US Senator, decided to force eight large banks that received TARP money to disclose their employee compensation for 2009. Some estimates put the…
FriendFinder Networks, Inc. may be one of the more unusual formal initial public offerings out there. It might be classified as an internet media or social networking company, but this is the parent of…
We have been given some exclusive coverage on the recent developments in special purpose acquisition companies and blank check companies from SPACupdate.com this morning. There is still much going on in the sector, and…
These are this Monday morning’s top analyst upgrades and downgrades seen from Wall Street research calls. BP plc (NYSE: BP) Raised to Buy at Citigroup. Burger King (NYSE: BKC) Cut to Hold at Deutsche…
Updated throughout the day. Goldman Sachs (NYSE:GS) workers may be forced to give more money to charity (NYTimes) Peter Thiel’s hedge fund value fell 25% last year, (NYPost) Tim Geithner, under pressure to resign,…
No matter what Goldman Sachs (NYSE:GS) does to make its huge bonus payments more palatable to taxpayers, shareholders, and the government, the more criticism the company faces about its compensation packages. The bank has…
John Tamny of Forbes In a 2005 speech meant to reduce the irrational criticism of Wal-Mart’s wage policies, then-CEO Lee Scott calmly explained that the retail giant’s low hourly pay was purely economic–the…
China reported that its exports rose 18% in December over the same period last year. It also said that factory production was up 25% for the same time frame. The news has caused several…
The AP has discovered that China is replacing lead in a number of the pieces of jewelry that it makes for export with cadmium. Medical books say that the metal can cause irreversible liver and kidney…
Major auto companies have made efforts to create a “world car” for decades. It would be a vehicle which could use one design, one platform, and one engine which could be sold in Asia,…
A number of the top bankers from firms including Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), and JP Morgan (NYSE:JPM) will testify before the The Financial Crisis Inquiry Commission which has been charged by Congress…
Reuters: A senior Fed official said the joblessness will not affect rate policy. Reuters: Shares in China lenders rose causing economic overheating fears. Reuters: Motorola (NYSE:MOT) says cellphone use for shopping is up. Reuters: Lawmakers…
Markets in Asia rose. The Nikkei was up 1.1% to 10,799. JAL fell on fears of bankruptcy. The Hang Seng rose .5% to 22,413. The Shanghai Composite rose .5% to 3,213. At the open…
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 changes,…
It seems inevitable that movies about odd aliens, supernatural events, and bizarre figments of writers’ imaginations rise weightlessly to the top of box office receipt lists. “Avatar” became the No.2 grossing film of all time as it moved…
China’s exports increased at an unexpectedly rapid pace, up 18% in December compared to the same month in 2008. One economist told Reuters that the data mean that China’s GDP rose 11% in the last…
There are many companies that deserved to be on this weekend’s slate of unusual suspects that have key current developments to watch in this coming week. Some are unusual trading activity, some are earnings related,…
Consumer borrowing took a breathtaking and record-breaking fall in November, according to figures released yesterday by the Federal Reserve. Revolving consumer credit dropped almost 18% from a year earlier fueling a $17.5 billion drop…
JAL is not only the flagship carrier for Japan; it is one of the largest airlines in the world. JAL ranks among the top ten in the industry both in passengers and revenue. JAL…
The Great Recession has taken its toll on America. The New-Normal in U.S. economic data and jobs is starting to look like more like Europe every day, except that none of us get five-weeks off…