Japan Grounds Boeing Dreamliner!
courtesy Boeing Co.The one thing that must send shudders through Boeing Co. (NYSE: BA) management and its board is that the 787 Dreamliner could be taken out of service because of a series of…
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Douglas A. McIntyre
Exxon May Pass Apple in Market Cap
Wikimedia CommonsApple Inc. (NASDAQ: AAPL) passed Exxon Mobil Corp. (NYSE: XOM) over a year ago to become the world’s largest company by market cap. It appears that the two could reverse positions again. Apple’s…
Rumors of a New, Cheaper iPhone in 2013
ThinkstockRumors about a cheap version of the Apple Inc. (NASDAQ: AAPL) iPhone have gotten out of hand, at least based on how poor the sources are. Tencent Tech reports that the new product will be…
China’s Internet Population Surges
ThinkstockThe China Internet Network Information Center reports that the number of people in the People’s Republic who are online has reached 564 million, which means it will soon be double the entire population of the…
Underwater Mortgages Dry Up as Home Prices Recover
ThinkstockThe number of people with underwater mortgages has begun to contract quickly, in what is likely to be a sign that real estate values have risen, or that people have paid down their home…
What’s Important in the Financial World (1/15/2013)
courtesy of NvidiaNew, Cheap iPhone Rumors Rumors about a cheap version of the Apple Inc. (NASDAQ: AAPL) iPhone have gotten out of hand, at least based on how poor the sources are. Tencent Tech reports…
Where Was J.P. Morgan’s Board?
ThinkstockWhere was the board of J.P. Morgan Chase & Co. (NYSE: JPM) when risk management might have stopped the “London Whale” problem and other investment decisions the bank probably should not have made? The…
Germany Barely Dodges Recession, or Does It?
ThinkstockNew data from the German Federal Statistics office show that the nation’s economy barely grew at all in 2012. Gross domestic product improved 0.7%. By most measures, GDP shrank in the fourth quarter, although numbers on…
How YouTube Killed the Video Business for Hulu and Facebook
courtesy of YouTubeThere is barely any reason for a single media company to be in the online video content business. Google Inc.’s (NASDAQ: GOOG) YouTube has such a huge presence that it sucks the…
Media Digest (1/15/2013) Reuters, WSJ, NYT, FT, Bloomberg
thinkstockThe Japanese government says the future image of the Boeing Co. (NYSE: BA) 787 is at risk as the U.S. government probes problems with the plane. (Reuters) Dell Inc. (NASDAQ: DELL) may be taken…
Treasury’s Geithner Sees Debt Cap in Mid-February, Early March
Treasury Secretary Tim Geithner continue to lobby Congress to find a quick solution to the debt ceiling problem. The game of chicken between the White House and some members of Congress is already too…
Fed Slaps J.P. Morgan on the Wrist for London Whale
Wikimedia CommonsFor all the problems that the “London Whale” incident cost J.P. Morgan Chase & Co. (NYSE: JPM) and the markets in general, the sanctions handed down by the Federal Reserve and Office of…
European Industrial Production Continues to Dwindle
ThinkstockFactory output across Europe continued to collapse in November, which will cause economists to extend the period during which they expect most nations in the region to stay in recession, as well as raise…
Chicago Fed President Pessimistic About U.S. Economy
ThinkstockChicago Fed President Charles Evans voiced pessimism about the prospects for the America economy in the year ahead. He believes the economy will grow only 2.5% this year, as measured by gross domestic product.…
J.P. Morgan Board Blames Senior Management for London Loss
ThinkstockJ.P. Morgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon’s problems with a trade in the bank’s London office that cause a $6 billion loss may be about to get worse. His board has…
2013’s Most Profitable Companies
courtesy of Apple Inc.Each January, 24/7 Wall St. forecasts the publicly traded U.S. companies that will have the highest profits in the year ahead. This year, Apple almost certainly will keep first place, well ahead…
What’s Important in the Financial World (1/14/2013)
courtesy Airbus S.A.Falling European Factory Output Factory output across Europe continued to collapse in November, which will cause economists to extend the period during which they expect most nations in the region to stay…
EC Kills UPS Deal for TNT, as It Cuts Throat of EU Economy
ThinkstockThe European Commission took the position regarding a United Parcel Service Inc. (NYSE: UPS) buyout of TNT Express that the rules are the rules, at least in so far as their officials see them. Its…
Huge Gulfs Among Internet Access Levels from Country to Country
ThinkstockAmerican government officials often rue the divide between the Internet access advantage the middle class have over the poor or that urban and suburban residents have over rural ones. Those gulfs are minor compared…
Will Environmental Problems Hurt China’s Economy?
ThinkstockThe pollution in Beijing has forced the government to strongly suggest people stay inside. Reuters reported that air quality was so bad “pollution (was) 30-45 times above recommended safety levels.” The problem likely will get better, temporarily,…