ThinkstockWells Fargo & Co. (NYSE: WFC) cuts the number of outside investment managers that its brokers can offer to clients. (Reuters) Thermo Fisher Scientific Inc. (NYSE: TMO) is likely to pay $13 billion to…
ThinkstockChina posted a first-quarter GDP increase of only 7.7%, against expectations of closer to 8%. It is not entirely clear whether the drop was due to lower demand for goods and services among China’s…
courtesy Boeing Co.Bloomberg points out that the Boeing Co. (NYSE: BA) Dreamliner 787 may not be back in service as fast as the press and many airlines expect. The sticking point is that American…
courtesy of MicrosoftFor the hundredth time, analysts speculated that Microsoft Corp. (NASDAQ: MSFT) CEO Steve Ballmer will be pushed out because of the failure of Windows 8 to quickly gain sales. A recent IDC…
ThinkstockElectronic Arts Inc. (NASDAQ: EA) continues to struggle with the fact that its legacy console-based games have lost ground to products that run on smartphones, many of which are free or priced at a…
ThinkstockAnother Dreamliner Delay Bloomberg points out that the Boeing Co. (NYSE: BA) Dreamliner 787 may not be back in service as fast as the press and many airlines expect. The sticking point is that…
ThinkstockAmericans are more optimistic about job prospects than they have been in five years. Oddly, the optimism is based on the fact that only 71% of people think it is a bad time to…
courtesy of Apple Inc.T-Mobile’s new $99.99 Apple Inc. (NASDAQ: AAPL) iPhone promotion may help the near-dead cellular company survive. However, the extremely low price the carrier has set on the iPhone to draw customers…
courtesy J.C. Penney Co. Inc.J.C. Penney Co. Inc. (NYSE: JPC) is really up against it. Several media outlets report that it will try to raise $1 billion, as new CEO Myron Ullman III labors…
courtesy of Facebook Inc.Martha Stewart Omnimedia Inc. (NYSE: MSO) is unable to get a court to dismiss charges by Macy’s Inc. (NYSE: M) that it has exclusive rights to some of her products. (Reuters)…
ThinkstockCharles I. Plosser, President of the Federal Reserve Bank of Philadelphia, told an audience in Hong Kong that he disagreed with the central bank’s current bond-buying plan. It is another example of the splintering…
ThinkstockIn its market report for April, the International Energy Agency (IEA) has once again lowered its expectation for global oil demand this year. In theory, that should keep the price of gasoline down. The…
wikimedia commonsForeclosures continue to drop throughout the United States, although they are still very high in some of the regions where home prices dropped the most: RealtyTracy released its U.S. Foreclosure Market Report for…
ThinkstockA Splintered Fed Charles I. Plosser, President of the Federal Reserve Bank of Philadelphia, told an audience in Hong Kong that he disagreed with the central bank’s current bond-buying plan. It is another example…
courtesy of DellA drop in first-quarter PC sales reported by research firm IDC was blamed, to some extent, on the public’s rejection of Microsoft Corp.’s (NASDAQ: MSFT) Windows 8. The rise of tablets and…
ThinkstockAmerica’s least obese cities are Boulder; Charlottesville, Va.; Bellingham Wash.; Fort Collins, Colo.; Naples, Fla.; Denver; San Francisco; San Lois Obisco; Madison, Wisc.; and Colorado Springs. Many of these cities have relatively high income…
courtesy Ford Motor Co.Experts say that U.S. car sales are chugging toward 15.5 million for 2013. The level is better than any since the recession began. Car quality could be the one thing, other…
courtesy of AOL, IncToyota Motor Corp. (NYSE: TM), Honda Motor Co. Ltd. (NYSE: HMC) and Nissan will recall 3.4 million cars over airbag defects. (Reuters) Yum! Brands Inc. (NYSE: YUM) faces slow KFC sales…
ThinkstockWhy is Europe in such a difficult financial situation? Billionaire George Soros believes he knows. If only Germany would cooperate and offer more support to its weaker neighbors, everything would be OK. That is,…
courtesy of Toyota Motor Corp.Toyota Motor Corp. (NYSE: TM) announced that the Ford Motor Co. (NYSE: F) claim that its Focus was the best-selling car in the world last year is false. This sets…