Spain’s Unemployed Near 5 Million Spain’s unemployment reached a the staggering level of 4,907,817 last month, according to the government’s labor arm. That almost certainly means that the 25% unemployment the nation announced recently…
Microsoft Corp. (NASDAQ: MSFT) sometimes fights its battles against Apple Inc. (NASDAQ: AAPL) and Google Inc. (NASDAQ: GOOG) in public. Microsoft CEO Steve Ballmer points to the superiority of his products over those of…
Apple Inc. (NASDAQ: AAPL) announced that the iPhone 5 should become available in 50 additional national markets by year’s end. These include critical ones because of their sizes and number of smartphone users —…
Rest easy, Fannie Mae and Freddie Mac have told people with homes in foreclosure. This holiday season there will be no coal in your stockings. Evictions will be delayed until January 2 of next year.…
Yahoo! Inc. (NASDAQ: YHOO) says a $2.7 billion court judgment against it in Mexico is “flawed.” (Reuters) Federal Reserve governors praise the bank’s stimulus plan but disagree about its future. (Reuters) A judge approves…
No Progress on Fiscal Cliff For those who believe that Congress and the White House can find a solution to the fiscal cliff problem, hope has begun to drain away. Treasury Secretary Tim Geithner…
November unemployment rates will be released on Friday. Some of the figures will be distorted by factors such as Hurricane Sandy, holiday retail job additions and layoffs at troubled companies from Web 2.0 firms…
No matter how sad the forecast, the year’s results for a few large America companies, the conditions of competition in their markets and the malaise that has draped much of economy makes it almost…
The myth of a turnaround of the Cadillac division of General Motors Co. (NYSE: GM) becomes more laughable by the month. The luxury nameplate continues to brag that its new ATS will add significantly…
China’s PMI steps up in November. (Reuters) Greece begins to buy back some of its high-yield bonds. (Reuters) Delta Air Lines Inc. (NYSE: DAL) may buy Virgin Atlantic. (Reuters) Martin Marietta Materials Inc. (NYSE:…
Draghi on Eurozone Recovery European Central Bank President Mario Draghi told media outlet Europe 1: “We have not yet emerged from the crisis. The recovery for most of the euro zone will certainly begin…
Widely regarded research firm NPD Group released data from its Weekly Tracking Service that showed that PC sales have fallen, compared to last year, since Microsoft Corp.’s (NASDAQ: MSFT) Windows 8 was released. The…
The independent Congressional Budget Office issued its new estimate of when the federal government will reach its debt ceiling — late February or early March. In its “Federal Debt and the Statutory Limit, November…
India’s Central Statistics Office (CSO) of the Ministry of Statistics and Programme Implementation released its preliminary estimates of GDP growth for the calendar third quarter. The improvement was abysmal, for India, at 5.3% over…
European Central Bank President Mario Draghi says Europe may have a second-half recovery. (Reuters) Germany’s parliament will approve participation in the Greek bailout. (Reuters) Apple Inc.’s (NASDAQ: AAPL) iPhone 5 is approved for distribution…
Germany Unemployment Rises Again Germany’s unemployment rose again and now has been up for eight consecutive months. Once again, evidence points to Germany’s inability to isolate itself from the European recession. Germany has been unable…
Eventually, the set of lawsuits and government investigations of the Hewlett-Packard Co.’s (NYSE: HPQ) debacle of its purchase of Autonomy probably will sort out who examined Autonomy’s books and why discrepancies in its financial statements…
The strike by Wal-Mart Stores Inc. (NYSE: WMT) workers that occurred off and on over the Thanksgiving/Black Friday weekend did not put a dent in the sales of the world’s largest retailer, according to…
The national election boosted the traffic of all the major online news sites to extraordinary levels. They may not reach these levels again until the 2016 election. As the most recent election has passed,…
During the Great Recession, the U.S. unemployment rate reached double digits, triggering government aid programs to help those seriously affected. The labor market has much improved, and the unemployment rate fell to 7.9% in…