Could Amazon’s Ad Revenue Pass The New York Times?
Wikimedia CommonsAmazon.com Inc.’s (NASDAQ: AMZN) ad revenue may reach $835 million this year and could be well above $1 billion in two year’s time. The news does not just speak to the power of…
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Douglas A. McIntyre
Toyota Recalls Hybrids, as Chrysler Defies NHTSA
Courtesy Chrysler Group LLCChrysler has made a decision it will regret, and regret substantially. It has opted to resist a call from the National Highway Traffic Safety Administration (NHTSA) to recall 2.7 million Jeeps.…
Financial News Digest: Reuters, WSJ, NYT, FT, Bloomberg
ThinkstockThe HSBC/Markit Purchasing Managers’ Index for China comes in at 52.1 last month, another sign of economic trouble. (Reuters) Toyota Motor Corp. (NYSE: TM) recalls 242,000 hybrids because of brake problems. (Reuters) Samsung Electronics…
24/7 Business Journal: Solar Energy Battle, Europe Recession Data
ThinkstockLess Bad European GDP The recession in Europe got “less bad” in the first quarter of this year, if that is any comfort to the millions of people who are out of work and…
Lenovo Plans to Join Crowded Smartphone Market
ThinkstockAsian PC giant Lenovo has joined the long line of companies that plan to enter the very crowded smartphone market. Is it any wonder? Personal computer sales have fallen through the floor, while at…
IMF Sees France Economic Recovery in 2013 Second Half
ThinkstockWhile discussing the future of France’s financial situation, the International Monetary Fund (IMF) did a bit of bashing of the local government. According to the IMFs France Consultation report: Amid persistent uncertainty and weakness…
Sprint Gets Desperate to Hang on to Clearwire Deal
ThinkstockSprint Nextel Corp.’s (NYSE: S) desperation to hang on to its deal to buy Clearwire Corp. (NASDAQ: CLWR) as it competes against Dish Network Corp. (NASDAQ: DISH) for the prize was showing. The Clearwire…
Most Important Business News
ThinkstockA Lenovo Smartphone Asian PC giant Lenovo has joined the long line of companies that plan to enter the very crowded smartphone market. Is it any wonder? PC sales have fallen through the floor,…
Microsoft CEO Ballmer: A Restructuring to What End?
Microsoft Sweden, via Wikimedia CommonsSteve Ballmer, Microsoft Corp.’s (NASDAQ: MSFT) chief executive officer for more than a decade, will try to do what he has been unable to do through most of his tenure.…
Financial News Digest: Reuters, WSJ, NYT, FT, Bloomberg
MicrosoftSAC Capital Advisers could lose most of its outside investors by next year. (Reuters) Bank of America Corp. (NYSE: BAC) will struggle in court to get approval of its $8.5 billion settlement over the…
Zynga Layoffs Eventually Could Reach 50% of Workforce
courtesy of ZyngaThe Zynga Inc. (NASDAQ: ZNGA) workforce reduction, which hit about a fifth of its staff yesterday, could grow considerably if the company’s hopeful forecast of its future turns out to be wrong.…
General Motors Europe Auto Sales Forgottent as It Rejoins S&P
Wikimedia CommonsGeneral Motors Co. (NYSE: GM) posted two pieces of very good news yesterday. It will rejoin the S&P 500, from which it has been absent since its bankruptcy. And it had its best…
Microsoft Windows Woes Continue
courtesy of MicrosoftMicrosoft Corp. (NASDAQ: MSFT) has thrown in the towel in the portable device market, as it drops its price on Windows RT. The company has continued to struggle with the legacy Windows…
Interest Rate, Recession Concerns Depress Global Markets
ThinkstockMarkets across the world continue sharp drops on concerns about regional recessions, slow growth in formerly fast-growing regions and worries that rising rates will undercut the value of equities. Today, the major culprits were…
GM Plans to Boost Exports from China
Wikimedia CommonsGeneral Motors Co. (NYSE: GM) will use its huge position in China’s car manufacturing industry to press into emerging markets. GM is the largest U.S. car company in the People’s Republic, as measured…
Most Important Business Stories: Microsoft Windows Woes, GM in China
courtesy of SamsungShaky Global Markets Markets across the world continue sharp drops on concerns about regional recessions, slow growth in formerly fast-growing regions and worries that rising rates will undercut the value of equities.…
New China Hacking Talks Are a Waste of Time
ThinkstockAfter years of hacking of U.S. companies and the American government, China has offered to enter into conversations about the matter. Until China admits to its role, the talks are useless. The People’s Republic…
Europe Employment at 87.8% and a Road out of Eurozone Crisis
ThinkstockAlmost all the analysis of the unemployment situation in the euro area focused on the record jobless rate of 12.2%. Nothing was said about the 87.8% employment rate. The very large portion of people…
Financial News Digest: Reuters, WSJ, NYT, FT, Bloomberg
courtesy of Facebook Inc.Factory orders in China, Taiwan and South Korea are off as exports taper down. (Reuters) The federal government starts its case against Apple Inc. (NASDAQ: AAPL) made on the basis of…
Europe PMI Downturn Eases, but Recession Continues
ThinkstockThe good news for Europe is that the region’s drop in PMI weakened in May. The bad news is that the figure is at a level that continues to show an overall economy on…