ThinkstockThe European Central Bank’s plan to make nearly unlimited purchases of the sovereign paper of Europe’s weakest nations was to be the financial salvation of Europe. The bond purchases would drive down borrowing costs,…
Chrysler is the most well-run car company based in America, at least based on its financial results. For the most recent quarter, it posted an increase in net income of $381 million, up 80% from…
courtesy of BlackberryThe list of new mobile products is extraordinarily long. Apple Inc.’s (NASDAQ: AAPL) iPad mini is only two weeks old. Microsoft Corp. (NASDAQ: MSFT) just released its Surface tablet, and partner Nokia Corp.…
ThinkstockUBS Job Cuts UBS A.G. (NYSE: UBS) has made it official. It will cut 10,000 jobs, primarily in its fixed-income operations. The financial firm said the move will save it $3.6 billion over the…
thinkstockApple Inc. (NASDAQ: AAPL) says its head of software and chief of retail will leave. (Reuters) China will try to build its own jet engines. (Reuters) UBS A.G. (NYSE: UBS) will cut 10,000 fixed-income…
ThinkstockUpdated throughout the day on the 24/7 Wall St. Wire: UBS A.G. (NYSE: UBS) will fire 10,000 workers. (various) Las Vegas Sands Corp. (NYSE: LVS) and the Justice Department may settle money laundering charges.…
Sandy’s Impact The effects of Hurricane Sandy already have been felt on Wall St. as the major exchanges have elected to close today, and perhaps tomorrow. Much less certain is the damage the storm…
Groups that represent manufacturers and the manufacturers themselves constantly complain that the unfair trade practices employed by China have largely wrecked their industries and continue to do so. Some of the attention given to…
courtesy of Ford Motor CompanyThe value of shares in Ford Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM) have been badly damaged, primarily because of the weakness in the European economy. The…
It is one thing to fight for a principle. It is another to bet too much on the fight. Honda Motor Co. Ltd. (NYSE: HMC) announced that its annual forecasts were too optimistic, particularly…
Some experts believe that the fiscal cliff may cause a drop in gross domestic product much greater than the Congressional Budget Office estimates. (Reuters) General Motors Co. (NYSE: GM) will test magnesium car parts to…
As forecasters become more certain about where Hurricane Sandy will reach shore, one research firm has increased its estimates of potential damage to up to 284,000 homes with an aggregate value of $88 billion.…
flickr / gsfcThe total value of these residential homes is over $80 billion. “Based on current forecasts, Sandy is likely to make landfall along the northeastern Atlantic coast early Monday,” said Dr. Howard Botts,…
ThinkstockUpdated throughout the day on the 24/7 Wall St. Wire: Societe Generale has received requests for information regarding the Libor manipulation case. (Reuters) Credit Suisse Group A.G. (NYSE: CS) may start its own trading…
ThinkstockHurricane Sandy Hurricane Sandy continues to move toward the East Coast, where it may combine with a front from the west, and has generated all sort of hyperbole. Hopefully, most of it is not…
For just a moment, Microsoft Corp. (NASDAQ: MSFT) may have emerged from Apple’s shadow yesterday. Apple disappointed Wall St. as it sold many fewer iPads than expected. Its growth was not colossal as usual. It announced quarterly…
thinkstockA fight has broken out among the CEOs of companies that make tablets, primarily Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG) and Samsung. (Reuters) Apple’s disappointing numbers are based mostly on slow iPad…
Spain’s National Statistics Bureau reported today “El número de parados crece en 85.000 personas y alcanza la cifra de 5.778.100. La tasa de paro se incrementa 38 centésimas hasta el 25,02%.” In other words, the country’s jobless rate was above 25% in the…
When Katrina devastated much of the Gulf coast and crushed New Orleans, several economists said the effects would hurt national gross domestic product. Economic activity in the region would slow, in some cases to…
Credit Suisse (NYSE: CS) is collapsing around the heads of its management. No one could tell that by going to the bank’s USA website. The most prominent message: Under the guidance of EVP Laurent Freixe, Nestlé has…