thinkstockThis weekend, something new surfaced in the battle of the federal budget. President Obama suggested something that until recently was unthinkable. Cuts in entitlements, which includes Social Security and Medicare, could be used to balance…
courtesy of Facebook Inc.The price recovery of Facebook Inc’s (NASDAQ: FB) shares was trending, but they are selling down again. Optimism that the social network has found a way to raise rates on the…
ThinkstockShanghai Composite Falls The Shanghai Composite, the exchange where most large Chinese companies trade, dropped 3.7%. The reason stated by experts was that planned government restrictions on cheap money for home buying would end. If…
ThinkstockThe school of thought that the economy will add 150,000 to 200,00 jobs a month for the balance of the year has to have its base in the idea that federal budget cuts will…
ThinkstockBy a few measurements, Russia is a rich country, particularly in its oil reserves, which are among the 10 largest in the world. However, by other measures, most directly gross domestic product and GDP…
ThinkstockCostco Wholesale Corp.’s (NASDAQ: COST) annual sales run above $100 billion, more than twice J.C. Penney Co Inc.’s (NYSE: JCP) and Macy’s Inc.’s (NYSE: M) combined, and nearly 40% of those of mega-retailer Target…
President Obama suggests cuts in Social Security and Medicare to end a battle over budget cuts. (Reuters) Bristol-Myers Squibb Co. (NYSE: BMY) may try a large acquisition to improve its fortunes. (WSJ) Spending among…
courtesy of General MotorsThere will be resistance from city officials, but the governor of Michigan, Rick Snyder, will appoint an emergency financial manager to run the virtually bankrupt city. He commented to a local…
ThinkstockThe public remains awed every time a U.S. car company adds even a few employees. Perhaps that is because so many tens of thousands lost jobs during the recession and bankruptcies of General Motors…
ThinkstockEuro area unemployment rose again, a sign that austerity has not helped alleviate economic markets and likely has caused an erosion of jobs. According to Eurostat figures: The euro area (EA17) seasonally-adjusted unemployment rate was 11.9% in January 2013,…
courtesy of Google Inc.For those who swear by Google Inc.’s (NASDAQ: GOOG) news as the best source of aggregated information on the Internet, here are today’s business headlines: Countdown to spending cuts: A matter…
ThinkstockEuropean Unemployment Rises Euro area unemployment rose again, a sign that austerity has not helped alleviate economic markets and likely has caused an erosion of jobs. According to Eurostat figures: The euro area (EA17) seasonally-adjusted unemployment rate was 11.9%…
courtesy of Groupon Inc.Groupon Inc. (NASDAQ: GRPN) ex-CEO Andrew Mason has a chance to pay back some of the stock losses suffered by his shareholders, based on his huge holdings in the public company,…
courtesy Best Buy Co. Inc.Best Buy Co. Inc. (NYSE: BBY) founder Richard Schulze will not make an offer to buy a large stake in the company in exchange for three board seats, according to…
thinkstockThe stock market is supposed to fall after reaching nearly all-time highs, because $85 billion in budget cuts have begun. But these will not move the stock market down, at least not for months. Too…
courtesy of NetflixChina’s PMI slips to a slow 50.1 in February, a signal of slacking demand for manufactured goods. (Reuters) Groupon Inc. (NASDAQ: GRPN) fires its CEO after poor financial performance. (Reuters) Americans added…
courtesy of Groupon Inc.Most analysts believed that it was only a matter of time before Groupon Inc. (NASDAQ: GRPN) CEO Andrew Mason lost his job. He controlled enough of the company’s shares (19.5% of…
courtesy Boeing Co.Japan’s airline industry has more to lose than that of any other nation as delays in fixing the Boeing Co. (NYSE: BA) 787 Dreamliner continue. All Nippon Airways (ANA) in particular has…
courtesy of Groupon Inc.Groupon Inc.’s (NASDAQ: GRPN) fourth-quarter results were so bad that there is new talk about firing CEO Andrew Mason. The problem with this is that he and two others control the…
courtesy of Wal-Mart Stores Inc.Wal-Mart Stores Inc.’s (NYSE: WMT) chief administrative officer has left the retailer suddenly. Tom Mars was general counsel during a period (2002 to 2009) when the retailer allegedly bribed Mexican…