Deloitte and KPMG are sued for their parts in the Hewlett-Packard Co. (NYSE: HPQ) buyout of Autonomy. (Reuters) Samsung launches a Google Inc. (NASDAQ: GOOG) Android-based camera in Japan. (Reuters) Steve Ballmer of Microsoft…
ThinkstockUpdated throughout the day on the 24/7 Wall St. Wire: Virtu Financial is the most likely buyer of Knight Financial Group Inc. (NYSE: KCG). (WSJ) Jeff Zucker will become the new CEO of Time…
thinkstockAutonomy Founder Fights Back Autonomy founder Mike Lynch has decided again to attack the Hewlett-Packard Co. (NYSE: HPQ) accusation that his big data company cooked its books before the U.S. public corporation bought it.…
courtesy of DellShort sellers pressed into tech and Internet stocks during the period that ended November 15, a gamble that consumer spending on and business investment in electronics products and IT are not nearly…
courtesy of Wal-Mart Stores Inc.Most evaluations of holiday sales so far have been positive. Black Friday weekend brought record numbers of shoppers into stores, according to groups such as the National Retail Federation (NRF).…
courtesy of Groupon Inc.One of the oft-mentioned disadvantages of Web 2.0 initial public offerings is that some have left one or two people who hold the fates of the companies they founded in their…
thinkstockA new deal to aid Greece may lead eventually to the forgiveness of some of its debt. (Reuters) The Obama administration decides not to name China as a currency manipulator. (Reuters) Nokia Corp. (NYSE:…
courtesy of Ford Motor CompanyOECD’s Pessimistic Outlook The Organisation for Economic Co-operation and Development (OECD) issued its new Economic Outlook, and most of its forecasts were based on rising pessimism. That cannot come as…
courtesy U.S. Federal ReserveThe appointment of Canadian central bank chief Mark Carney to be the new Bank of England governor sets a precedent. Never has someone from outside the United Kingdom held the job.…
courtesy of Hewlett-PackardThe more the Hewlett-Packard Co. (NYSE: HPQ) deal to buy Autonomy gets scrutinized, the more that outsiders place blame on HP’s board, which unanimously approved the deal. The $11 billion buyout closed…
courtesy Best Buy Co. Inc.Holiday retailers fall into at least two groups so far this year. One group includes companies that face low expectations. Best Buy Co. Inc. (NYSE: BBY) and JCPenney Co. Inc.…
thinkstockEurozone and International Monetary Fund officials set a deal for Greece. (Reuters) Privacy groups ask Facebook Inc. (NASDAQ: FB) to change new privacy policies. (Reuters) Investors sue Hewlett-Packard Co. (NYSE: HPQ) over its buyout…
ThinkstockHow well run are America’s 50 states? The answer depends a lot on where you live. Every year, 24/7 Wall St. conducts an extensive survey of all fifty states in America. Based on a…
thinkstockThe European Union, European Central Bank and International Monetary Fund have reached a deal to aid Greece. The statement: The Eurogroup recalls that a full staff-level agreement has been reached between Greece and the…
ThinkstockWriting Off Greek Debt Discussions of a bailout of Greece have turned rapidly to what kind of write-off investors may have to take on Greek debt as the International Monetary Fund and European Union…
courtesy Best Buy Co. Inc.The fog of war has enveloped estimates of retail activity over the Thanksgiving/Black Friday weekend. That does not matter much; only the numbers for the entire period from November 1…
ThinkstockAs the year comes to a close, the speculation about which of the three largest car companies will be number one in global sales has started. Toyota Motor Corp. (NYSE: TM), Volkswagen or General…
ThinkstockThe National Employment Law Project claims that: If Congress fails to reauthorize the EUC program, two million workers now collecting federal unemployment benefits will be cut off after payment for the week ending December…
courtesy of AOL, IncThe International Monetary Fund and European Union meet about Greek debt as concern about write-downs rises. (Reuters) Black Friday e-commerce rises to $1 billion for the first time, according to Comscore…
ThinkstockWhile it is too early to say which individual companies have benefited the most, holiday e-commerce sales surged past $1 billion, according to research firm Comscore. It remains likely that the normal winners in…