ThinkstockElectronic Arts Layoffs Electronic Arts Inc. (NASDAQ: EA), which recently dumped its chief executive officer, has decided to cut a large number of workers as well. EA has been unable to make the transition…
courtesy J.C. Penney Co. Inc.Billionaire investment god George Soros has bought 7.9% of J.C. Penney Co. Inc. (NYSE: JCP). His filing with the Securities and Exchange Commission said the investment is passive, but Soros…
courtesy of AOL, IncFirst-quarter gross domestic product probably will run about 3%, but the momentum likely has fallen off since. (Reuters) The Bank of Japan believes it can reach its inflation targets by 2015. (Reuters)…
courtesy of Apple Inc.Just two days after Apple Inc. (NASDAQ: AAPL) announced disappointing earnings and forecasts for future quarters, research firm Strategic Analytics reports that the electronics company’s smartphone market share is rapidly eroding.…
courtesy of Verizon WirelessVerizon Communications Inc. (NYSE: VZ) apparently wants to buy out the 45% of Verizon Wireless it does not own. The other portion is owned by Vodafone Group PLC (NASDAQ: VOD), which…
ThinkstockThe threat of a triple-dip recession in the United Kingdom has gone away, although gross domestic product (GDP) growth is so small that the discussion is a matter of semantics. The Office of National…
ThinkstockApple Inc. (NASDAQ: AAPL) still holds the top spot among tablet makers. But Microsoft Corp. (NASDAQ: MSFT) has started to get a foothold in the business. The latest data on global tablet shipments: According…
ThinkstockVerizon Talks with Vodafone Verizon Communications Inc. (NYSE: VZ) apparently wants to buy out the 45% of Verizon Wireless it does not own. The other portion is owned by Vodafone Group PLC (NASDAQ: VOD),…
ThinkstockSpain’s unemployment level reached 27.2% in the first quarter, according to the National Statistics Institute (INE). The worst level of American national unemployment was 24.75% of the civilian labor force in 1933. It is…
courtesy of ZyngaIt is rare that a relatively large U.S. public corporation loses such a large portion of its revenue that it becomes pathetically small. Online game firm Zynga Inc. (NASDAQ: ZNGA) is headed…
Wikimedia CommonsIf several media reports are true, Amazon.com Inc (NASDAQ: AMZN) will release a set-top box through which consumers can stream premier video content. Even with its huge customer base and tremendous brand leverage,…
ThinkstockVerizon Communications Inc. (NYSE: VZ) will make a $100 billion offer to Vodafone Group PLC (NASDAQ: VOD) for the part of Verizon Wireless that it does not own. (Reuters) Spanish financial firm Banco Santander…
courtesy SAP AGJust one day after Markit purchasing managers’ index (PMI) data about Germany showed that its economy is in trouble, Ifo reports that the problem has spread, and spread widely. According to its…
courtesy of Apple Inc.Apple Inc.’s (NASDAQ: AAPL) problems have rippled to its Asia components suppliers. Shares in many of these fell in anticipation of weak earnings from the American consumer electronics giant. Apple’s forecast…
ThinkstockThe rich have become get richer, and the middle class has become poorer. The trend continued throughout the end of the recession and into the tepid recovery. Many people expected that trend, which increases the belief…
ThinkstockFalling German Business Sentiment Just one day after Markit purchasing managers’ index (PMI) data about Germany showed that its economy is in trouble, Ifo reports that the problem has spread, and spread widely. According…
courtesy J.C. Penney Co. Inc.If The Wall Street Journal is accurate, J.C. Penney (NYSE: JPC) has hired turnaround firm AlixPartners to help it “identify cost savings and manage cash flow.” In other words, the battered…
ThinkstockWhat has been a worry about AT&T Inc. (NYSE: T) for some time has become a reality. The big telecom firm can no longer grow. The years in which its revenue expanded are behind…
courtesy of AOL, IncApple Inc.’s (NASDAQ: AAPL) new dividend will allow management a period to recover earnings growth while offering investors a return. (Reuters) Amazon.com Inc. (NASDAQ: AMZN) may use its consumer database to…
ThinkstockThe American Lung Association is out with its 2013 “State of the Air” report. It has issued the document for 14 years. In general, the news from the report is good, but for some…