China May PMI Signals Trouble
ThinkstockData about China’s economy continues to swing back and forth, with the largest concern being that its GDP growth rate could drop below 7% for the first time in years. This could be a…
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Douglas A. McIntyre
JAL Reports Another Boeing 787 Problem as Boeing Trouble Multiplies
courtesy Boeing Co.The Boeing Co. (NYSE: BA) 787 Dreamliner may never be entirely certified for safety, at least no in the minds of the public. The latest headlines regard trouble with a Japan Air…
“Fast & Furious 6” Makes $34.5 Million, Kicks Ass Again
NOAA Will Smith was crushed in his new debut movie and “Fast & Furious 6” brought in $34.5 million in North American box office and reached a 10 day total of $170.4 million and…
China May PMI Jumbs, World’s Second Largest Economy Recovery?
Every month, China is moving back toward 10% GDP growth, or is headed for recession, depending on GDP, housing prices, interest rates which encourage lending or not, and, of course PMI. The problem with…
Taiwan Reviews U.S. Wheat Imports on GMO Concerns
ThinkstockThe upheaval about the imports of genetically modified wheat has spread from Japan, where imports have been canceled, to Taiwan. It threatens to bring down wheat prices enough to undermine the financial fortunes of…
Samsung Selects Intel Processor for Galaxy Tablet
ThinkstockIntel Corp. (NASDAQ: INTC) finally has gotten a foothold in the industry in which it most needs a success. The provider of chips to 80% of the world’s personal computers (PCs) has been locked out…
Hacking Apple: Two-Factor Authentication May Not Be Good Enough
ThinkstockSecurity problems that had been limited almost exclusively to Microsoft Corp.’s (NASDAQ: MSFT) Windows and Windows-compliant products have migrated to Apple Inc. (NASDAQ: AAPL) ones. Given the surge in the success of the Mac,…
Procter & Gamble (PG) Succession Plan Won’t Fill CEO Job with Strong Candidate
ThinkstockThe Procter & Gamble Co. (NYSE: PG) board will set a competition among four senior executives to replace new CEO A. G. Lafley, who has been chief executive officer before and has been brought back…
The Economic Depression Is Not Over for Millions of Americans
Frank Golhen, via Wikimedia CommonsFrom time to time, one polling company or another asks Americans whether they believe the Great Recession has ended. A substantial portion of them say no, and that opinion is…
What Is Important in Business News: Apple Hacking, GM Wheat
Taiwan and U.S. Wheat The upheaval about the imports of genetically modified wheat has spread from Japan, where imports have been canceled, to Taiwan. It threatens to bring down wheat prices enough to undermine…
Financial News Digest: Reuters, WSJ, NYT, FT, Bloomberg
courtesy of AOL, IncDefense Secretary Chuck Hagel says he has deep concerns about cyberattacks on U.S. interests. (Reuters) Intel Corp. (NASDAQ: INTC) beats out tough competition to get a chip in the new Samsung…
Fracking Surges Ahead of Clean Energy Regulation
ThinkstockFracking, and the resulting production of new oil and gas reserves, has been described by energy experts as a cornerstone of the nation’s economic future. The drilling, exploration, transportation and refining of the fruits…
Motorola to Launch Yet Another “iPhone Killer”
courtesy of Apple Inc.Google Inc.’s (NASDAQ: GOOG) Motorola will try to exit a sales dive that started with the end of the popularity of the RAZR close to a decade ago. Motorola will release…
U.S. Housing Market Begins to Favor Sellers
ThinkstockHome sellers finally have gotten the upper hand against buyers as the home market haltingly recovers. According to a study titled the Century 21 Spring Home Selling Survey: The CENTURY 21 spring selling survey…
CBO Reveals Tax Burden Distribution
ThinkstockThe Congressional Budget Office (CBO) reports that the rich are getting richer, at least based on how the tax code works. The report likely will set off another round of debates about whether the top…
What Is Important in Business News: Tax the 0.1%, Motorola Moto X
courtesy of SamsungAnother iPhone Killer Google Inc.’s (NASDAQ: GOOG) Motorola will try to exit a sales dive that started with the end of the popularity of the RAZR close to a decade ago. Motorola…
Traditional Internet Providers Face WiFi Networks
courtesy of Time WarnerExperts knew a long time ago that as superfast wireless broadband expanded, wired services from cable companies to telecoms would lose customers, perhaps at a rate that could badly damage them financially.…
Financial Crisis in Europe May Damage More Banks
ThinkstockThe financial crisis in Europe is supposed to be getting better, and with it sovereign and bank balance sheets are supposed to have started to heal, if ever so slightly. Interest rates on much of the debt…
Financial News Digest: Reuters, WSJ, NYT, FT, Bloomberg
ThinkstockConcerns that the Federal Reserve may cut stimulus efforts press shares lower across the world. (Reuters) Dish Network Corp. (NASDAQ: DISH) makes a $4.40 per share offer for Clearwire Corp. (NASDAQ: CLWR), topping one…
U.S. Foreclosure Sales Down 22% in First Quarter — RealtyTrac
ThinkstockIn another of a long series of data that show that the housing market has healed, or even reached the point at which a new bubble has been created, RealtyTrac reported that foreclosure sales fell…