courtesy of OracleBy: Matt Egan / FOXBusiness Long before Hewlett-Packard’s bombshell accusation of fraud at its Autonomy business, Oracle was publicly questioning both the integrity of Autonomy CEO and co-founder Mike Lynch as well…
ThinkstockUpdated throughout the day on the 24/7 Wall St. Wire: New York State will file suit against Credit Suisse Group (NYSE: CS) over improper sales of mortgage-backed securities. (Reuters) The SEC has begun to…
courtesy of Hostess Brands Inc.Twinkies Hoarders Disappointed Some Americans hoarded all the Hostess Twinkies they could find once the company announced plans for a liquidation that would destroy 18,000 jobs. Now, the liquidation has…
courtesy of Sony Corp.Some stocks become so badly beaten down that they become improbable bets for rebounds. Right now, in retail, several are so battered that modestly improved results in Black Friday weekend sales…
This graphic was drawn by SKopp., via Wikimedia CommonsThe first big sign that the credit markets would not fret about Moody’s downgrade of France’s sovereign paper was the lack of movement in the country’s…
ThinkstockThe Bureau of the Public Debt reported that Americans made total contributions of $7.7 million in 2012 to the U.S. government to reduce debt held by the public. The same organization put the amount…
thinkstockNew York State will sue Credit Suisse Group (NYSE: CS) over false statements about mortgage-backed securities. (Reuters) France loses its Moody’s Aaa rating. (Reuters) The ITC will go over a judge’s decision that Apple…
This graphic was drawn by SKopp., via Wikimedia CommonsIn a world in which the wealthy–nations, companies, and people alike–borrow with great ease while the poor beg constantly, Moody’s cut the Aaa rating of France.…
courtesy of Hostess Brands Inc.Gasoline Prices Drop Again Gasoline prices have fallen again, based on the two most important measures, and the drop continues to accelerate. The famous Lundberg Survey reported a drop of…
courtesy of AppleAnalysts and short-term holders of Apple Inc. (NASDAQ: AAPL) have focused almost exclusively on the company’s 20% drop in share price over the past three months. But how many holders have owned the…
Wikimedia CommonsYou cannot regulate what you cannot see. That is the Financial Stability Board’s (FSB) position on shadow banking, which has grown into a $67 trillion business. But, seen or unseen, the sector may…
ThinkstockErnst & Young showed very bad judgment when it named Mike Fries, chief executive of Liberty Global Inc. (NASDAQ: LBTYA), its National Entrepreneur of the Year 2012 in the Media, Entertainment and Communications category.…
courtesy of NetflixNews Corp. (NASDAQ: NWSA) will buy a 49% interest in YES. (Reuters) Citigroup Inc. (NYSE: C) will pay $360 million to end its dispute with Lehman Bros. (Reuters) Cisco Systems Inc. (NASDAQ:…
Wikimedia CommonsIt remains a puzzle as to why Comscore releases U.S. search engine market share each month, and as much of a mystery as to why anyone bothers to follow the numbers. Google Inc. (NASDAQ: GOOG) has…
courtesy of YouTubeNew Comscore data serves to remind online video analysts that only one property has substantial scale and that the balance of the companies in the sector lag hopelessly behind. This means that the chances for…
ThinkstockWorrying about Apple Apple Inc.’s (NASDAQ: AAPL) share price erosion has taken the top spot of the financial news recently. The stock has fallen 17% over the past three months. A debate over why this happened rages…
ThinkstockThe mess that the U.S. Postal Service has become may be beyond solution, if the only rescue rests on borrowing from the Treasury and sharp cutbacks in staff and retiree health care contributions. The federal government…
ThinkstockThere is a nearly endless number of criteria that measure how well CEOs perform, whether they are paid fairly, and what metrics should be used for determining chief executive compensation. One yardstick that is…
ThinkstockAbercrombie & Fitch (NYSE: ANF) posted an unusually strong quarter, and its stock rose from $31 to $42 in two days as a result. CEO Mike Jeffries took much of the credit, as he should…
courtesy of Wal-Mart Stores Inc.The litany of complaints of Wal-Mart Stores Inc. (NYSE: WMT) workers who plan to walk off their jobs this week include objections to low pay, the company’s roadblocks against unionization and the…