Poor Michael Dell, CEO of Dell (DELL), only made $2.3 million last year. Of course, he is a billionaire and owns over 227 million shares in the company he runs. His shareholders have not…
Nintendo made money, really big money, in the last quarter. Then, it had the audacity to say that things would get even better. According to Reuters, "Nintendo said it now expects an operating profit…
Microsoft (MSFT) has not been able to home grow its own online business so it has decided to buy the solution a piece at a time. Yahoo! (YHOO) was supposed to be the largest…
The government in Japan is not going to fall into recession, not if the government can help it. It has introduced a stimulus package worth over $100 billion. A comparable figure for the US…
Robert Lutz, the oldest car company executive in the history of the industry, recently said that Detroit could not raise the money it needs to retool its plants to build fuel-efficient cars. The businesses…
Energy Conversion Devices (NASDAQ:ENER) reported its fourth quarter and full year results this morning, and the stock is up more than 2% in early trading. It’s no wonder. EPS of $0.24 beat estimates of…
According to Reuters, Lehman (LEH) may fire 1,200 workers. Reuters reports that Dell (DELL) said its Asia business was fine but offered a cautious forecast. Reuters reports that Starbucks (SBUX) will offer more promotions…
Markets in Asia were sharply higher. The Nikkei rose 2.4% to 13,073. Canon fell 5.2% to 5040. ANA fell .3% to 394. The Hang Seng moved up 1.7% to 21,331, China Life (LFC) rose…
If there are any more bugs or flaws in the new Apple (AAPL) 3G iPhone, the company’s investors are going to start to notice. According to MSNBC, "A security flaw in Apple Inc.’s iPhone…
Dell (DELL) was the last of the big tech companies to report this summer. If it did well it meant that the PC and chip businesses would be OK. Dell sells so many computers…
Williams-Sonoma (WSM) Profit drops. Down to $16.26 from 52-week high of $34.81. Nexmed (NEXM) Drug trial failure still pulling shares down. Dips to $.19 from 52-week high of $1.75. Genaera (GENR) Several clinical trials…
Lehman (LEH) will lay off about 6% of its work force according to The New York Times. That is about 1,500 people, but it is not nearly enough. Earlier in the day an analyst…
After trading at $4.40 last Friday, Fannie Mae (FNM) moved up to $6.45 yesterday. The markets had come to realize that the mortgage company might be able to raise enough money in the capital…
Dell Inc. (NASDAQ: DELL) reports earnings after the close today and we’ll get to see if the solid numbers from rival Hewlett-Packard (NYSE: HPQ) are being seen at Dell during their turnaround as well. …
The online research business has become so crowded that the firms jockey for position by posting nearly meaningless numbers. ComScore took its turn at releasing inane figures saying that advertising views at MySpace (NWS)…
The auction-rate fiasco is not over for banks. Having bought back about $55 billion of the paper, they are now faced with the reality that the bonds are only worth about $.80 on a…
Toyota (TM) has already cut its sales targets for its fiscal 2008 year. Now it is taking down its forecast for 2009. According to The Wall Street Journal, "Japan’s biggest car maker by sales…
When times were tough, Apple’s (AAPL) Steve Jobs and Chrysler’s Lee Iaccoca took salaries of $1. Starbucks (SBUX) has just announced that its management will forgo taking raises next year. Since Starbucks shares have…
"Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is declared to be illegal".–The Sherman Antitrust Act,…
The SEC is proposing that US companies give up the GAAP standard which they have used for financial reporting for decades. American public corporations would move to the International Financial Reporting Standards that are…