Support for EU Crumbles — Pew
ThinkstockIf the citizens of many European countries could vote for whether the European Union should remain as the region’s central alliance, it might disappear. The data from Pew shows how much citizens of the…
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Douglas A. McIntyre
Media Digest: Reuters, WSJ, NYT, FT, Bloomberg
courtesy of AOL, IncGartner reports that smartphone sales grew in the first quarter and Samsung continued to gain share. (MarketWatch) The AP says the U.S. Department of Justice took some of the data held…
Bloomberg Leak Scandal: Matthew Winkler Should Resign
ThinkstockBloomberg reporters were allowed to look at some of the subscriber data of Bloomberg terminal users. The disclosure, brought to light by Goldman Sachs Group Inc. (NYSE: GS), is staggering in its ethical implications.…
More Signs Chinese Economy Is Slowing
ThinkstockThe Chinese economy showed more signs of slowing, caused either by a recession in most of the rest of the world or perhaps a drop in spending by its own middle class. That middle…
Detroit Finances in Ruins — Emergency Manager Kevyn Orr
ThinkstockAny hope that Detroit can recover from decades of decay and poor management evaporated as its new emergency manager, Kevyn Orr, issued a report on his first 45 days on the job. The report was…
Tiger Woods New Sponsors: Verizon, PcW, Chrysler?
courtesy of Verizon WirelessTiger Wood’s sexual indiscretions cost him sponsorships from Gatorade, AT&T Inc. (NYSE: T), Tag Hauer, Procter & Gamble Co.’s (NYSE: PG) Gillette, and Accenture PLC (NYSE: ACN) in 2010. Among his major…
Four University Presidents Make over $1 Million — Chronicle of Higher Education
ThinkstockFour university presidents made more than $1 million in the fiscal 2011-2012 year. None was from a major educational institution, which makes the compensation plans open to severe criticism. Graham B. Spanier, who was…
What Is Important in the Financial World
Matthew Winkler Should Resign Bloomberg reporters were allowed to look at some of the subscriber data of Bloomberg terminal users. The disclosure, brought to light by Goldman Sachs Group Inc. (NYSE: GS), is staggering…
U.S. Postal System Loses $1.9 Billion, a Lesson for Government
courtesy of USPSThe U.S. Postal System lost $1.9 billion in the second quarter of its fiscal year, which ended on March 31. There is little worth comparing between the Post Office’s desperation and the…
Media Digest: Reuters, WSJ, NY Times, FT, Bloomberg
courtesy of Facebook Inc.China’s factory output misses expectations on the low side. (Reuters) Posting on Google+ has been low, hurting the chance for Google Inc. (NASDAQ: GOOG) to get ads for the service. (Reuters)…
Sixty-Six Percent of Mothers Have Some College — Pew
ThinkstockMore and more women with infant children have attended some college. The news is good for their offspring. It may be bad for men who want to attend institutions of higher education. Any individual…
Jack Lew: U.S. Will Not Hit Debt Ceiling Before Labor Day
ThinkstockNew Treasury Secretary Jack Lew told CNBC that the United States may not reach its debt ceiling until Labor Day. Just a few months ago, many experts believed that the president and Congress would…
Play the Bubble, Says Bill Gross, but Play Smart
PIMCO investment chief Bill Gross continues to flog the absence of good investments. In his monthly letter for May, he made this point: The easiest answer to the question of what to buy is…
FCC Pushes for Expanded In-Flight Broadband
ThinkstockAmericans who fly regularly will be able to get better broadband speeds at 30,000 feet than in their homes. Today, the Federal Communications Commission (FCC) proposed an expansion of the availability of in-flight broadband…
What Is Important in the Financial World
ThinkstockFederal Debt Ceiling New Treasury Secretary Jack Lew told CNBC that the U.S. may not reach its debt ceiling until Labor Day. Just a few months ago, experts believed that the president and Congress…
Icahn Offer for Dell Increases Investor Risk
courtesy Dell Inc.Carl Icahn and partner Southeastern Capital Management will offer Dell Inc. (NASDAQ: DELL) stockholders two alternatives, if their deal to takeover the company is chosen by its board. Investors can take cash…
YouTube Paid Content Will Fail
courtesy of YouTubeYouTube, the video operation of Google Inc. (NASDAQ: GOOG), will enter a field in which it has no business being. It will offer consumers paid channels of premium video content. YouTube’s problem…
Stock Market in Which Bad Companies Thrive over Good Ones
One of the effects of the current record stock market levels is that companies that are poorly run and post poor results have done as well, if not better, than shares in well-run companies…
Media Digest: Reuters, WSJ, NYT, FT, Bloomberg
courtesy of AOL, IncNissan’s fiscal fourth-quarter profit rises 46%. (Reuters) Carl Icahn and Southeastern will offer an alternative to the Dell Inc. (NASDAQ: DELL) buyout. (WSJ) ArcelorMittal (NYSE: MT) earnings are hit by lower…
$100 Nokia Smartphone Aimed at Emerging Markets
Wikimedia CommonsNokia Corp. (NYSE: NOK) has released a smartphone that costs the consumer less than $100 — the Nokia Asha 501. The cellular phone firm has made this decision for what could be only one…