Could RadioShack’s Stock Plunge to Zero?
RadioShack had planned to close 1,100 stores. Lenders including GE Capital blocked the plan and forced the company to cut back the number to 200. Its stock may well trade for pennies very soon.
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Douglas A. McIntyre
RadioShack Kills Plans to Close 1,100 Stores
courtesy of Radio ShackRadioShack Corp. (NYSE: RSH) has backed away from plans, announced in March, to close 1,100 stores. Two of the retailers’ large creditors refused to support the plan. The cutbacks will be…
Toyota Sells Over 9 Million Vehicles
Toyota has announced its full-year earnings for the period that ended on March 30. Along with stellar earnings, the Japanese car manufacturer reported it sold 9,116,033 vehicles.
People in Utah Most Likely to Give Time and Money
ThinkstockThe people of Utah as the most generous in America. According to a new poll from Gallup: Utah leads U.S. states in reported charitable giving, with nearly half of its residents saying they had…
Detroit Auctions Home for $30,100
ThinkstockDetroit’s plan to auction homes for as little as $1,000 each has yielded results as at least three homes were bought for more than $30,000. The Detroit Land Bank Authority accepted bids for $30,100,…
Barclays to Fire Up to 14,000
ThinkstockBarclays PLC (NYSE: BCS), the U.K.-based bank that has been in legal trouble for most of the past half-decade, will downsize its investment bank by as many as 14,000 people. As part of the…
Major League Baseball Rivalries Cause Ticket Price Surge
ThinkstockMajor League Baseball Rivalries Cause Ticket Price Surge exclusive to 24/7 Wall St. From TiqIQ Prices For Yankees-Red Sox Tickets at Fenway Is MLB’s Biggest Rivalry Premium With a long baseball season featuring 81…
Gas Prices Jump Toward $4 in Some Big States
ThinkstockGasoline prices do not seem to be easing as many economists thought they would. As a matter of fact, throughout much of the country, prices continue to rise. This is particularly true in some…
Americans Want New Homes, but Won’t Pay for Them
ThinkstockA home where the roof does not leak and the exterior does not need painting. With many existing homes Americans buy comes a punch list of upgrades and repairs. That is likely why so…
Drones to Study Wildlife in Alaska, Where Next?
The drone has come of age, and with it the possibility that manufacturers can make money from non-military applications. The FAA has begun to certify drones for civilian functions as mundane as checking for…
What It Takes for Apple to Get Back to $700
Apple shares reached a special milestone recently. They closed above $600 for the first time since October 2012. The celebration should be muted, though. They are still a long way from topping $700.
BMW Sells Almost Half a Million Cars
courtesy of The Car Spy, via Wikimedia CommonsBMW Group released results for the first quarter of the year. The German car company sold 487,024 vehicles, up 8.7% from the same period a year ago,…
Nokia Gets Into Connected Car Business
Nokia, and by extension, its parent Microsoft, have entered the "connected" car business. The trend has become a land rush that now includes dozens of software, hardware and car manufacturers.
Slow China Manufacturing Raises Recession Issue
ThinkstockA recession is defined as “a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.” But does the traditional…
Google Glass Parts Cost Only $80
Wikimedia Commons (Loic Le Meu)Google Inc. (NASDAQ: GOOG) has offered its Glass product for $1,500. The supply sold out quickly. Even at that retail price, the futurist “wearable” product has created such excitement that Google…
Does AT&T or Verizon Have the Better Dividend?
courtesy of Verizon WirelessOn the face of it, AT&T Inc.’s (NYSE: T) has a better dividend than Verizon Communications Inc. (NYSE: VZ). AT&T’s payout is 5.2% at $1.84. Verizon’s is 4.5% at $2.12. Each…
Toyota Camry Holds Spot as No. 1 Car in America
courtesy of Toyota Motor Corp.The race to be the top selling car in America is heated most years. Pick-ups usually hold the position of best selling vehicles, but among passenger cars, Toyota Motor Corp.’s…
Groupon’s Four Best Travel Deals
Wikimedia CommonsGroupon Inc. (NASDAQ: GRPN), the struggling e-commerce coupon company, has become desperate enough to expand its business model. Part of this expansion includes pre-packaged vacations trips. And, some of these include “deals” which…
Best Five Stocks Over $100
ThinkstockThere are 84 stocks in the Standard & Poor’s 500 Index which trade for more than $100 a share. The best known are Google Inc. (NASDAQ: GOOG) and Apple Inc. (NASDAQ: AAPL), However, they are far…
Chevy Silverado Struggles With Sales
courtesy of General MotorsGeneral Motors Co. (NYSE: GM) has been struggling all year with sales of its Chevy Silverado pick-up. The Silverado is historically the top selling vehicle in the U.S. for the largest…