Economists and researchers believe data for the fourth quarter demonstrate that the fiscal cliff could hammer growth between now and year’s end. If so, the stock market may take a steep tumble as it faces poor…
Chinese officials announced that inflation rose only 1.9% in September, a low based on recent standards. Economists viewed the data as proof that gross domestic product would drop below 8% this year, a long…
It is easy to dismiss the new Microsoft Corp. (NASDAQ: MSFT) challenge to Apple Inc.’s (NASDAQ: AAPL) iTunes. The world’s largest software company will bundle a music service with the Xbox 360 and the new…
Softbank is near a deal to buy 70% of Sprint Nextel Corp. (NYSE: S) for $20 billion. (Reuters) Microsoft Corp. (NASDAQ: MSFT) releases an Xbox and Windows-based music service to compete with Apple Inc. (NASDAQ: AAPL)…
The much anticipated deal for Softbank to buy 70% of Sprint Nextel Corp. (NYSE: S) was announced by the companies. The price was a bit higher than expected at $21.1 billion. Sprint shareholders will get a windfall…
It has not been a good year for super tankers, what with sanctions on Iran and the US shale boom that has resulted in reduced demand for cargo transport and a glut of vessels.…
Speculation began last week when The Wall Street Journal reported that Japanese company Softbank would buy a controlling interest in troubled N0.3 U.S. wireless company Sprint Nextel Corp. (NYSE: S). CNBC claims the deal…
China must be selling its exports somewhere, although it is hard to guess who the buyers might be as most of the world’s economy is mired in recession, or nearly so. The Wall Street…
For those who cannot wait for the official launch of Microsoft (NASDAQ: MSFT) Windows 8 to put in orders, the world’s largest software company has started a preorder program. The process is “oh, so…
A meeting of financial ministers from around the world criticized the EU and U.S. over their lack of policy to aid their faultering economies.The fiscal cliff was a particular target In the “Communiqué of…
Updated throughout the day on the 24/7 Wall St. Wire: Larry Ellison of Oracle Corp. (NASDAQ: ORCL) may bid for Anschutz Entertainment Group, which could give him access to an NFL team. (Reuters) Softbank…
The Cost of TARP The bailout programs that made up the TARP investments will end up costing taxpayers very little, according to a new Congressional Budget Office report: CBO estimates that the net cost to…
Softbank may seek $23 billion in loans from Japanese banks as it tries to buy a controlling interest in Sprint Nextel Corp. (NYSE: S). (Reuters) Jeff Bezos of Amazon.com Inc. (NASDAQ: AMZN) says the…
Advanced Micro Devices Inc. (NYSE: AMD) said its third-quarter revenue fell 10% and blamed the “macroeconomic environment” for the trouble. Traders dropped its shares by 15% to 52-week lows on fears that the numbers confirm the…
The Manufacturers Alliance for Productivity and Innovation (MAPI) issued the results of a new survey that confirm what most economists and business people already suspect. In its new outlook about the prospects of its members,…
On Wall St., the managers of huge money manager BlackRock Inc. (NYSE: BLK) are often considered the smartest guys in the room. Their ability to successfully manage high returns are legendary. That gives some…
Just when it looked as if Samsung had been pushed to the wall in U.S. courts by Apple (NASDAQ: AAPL), it was buoyed by two pieces of good news. The first is that a federal appeals…
Updated throughout the day on the 24/7 Wall St. Wire: Softbank may buy 75% of Sprint Nextel Corp. (NYSE: S). (WSJ) U.S. buyers may approach BAE Systems now that the EADS offer has been pulled.…
Siemens to Downsize It is never a good sign when a global corporation with customers across almost the entire world and a broad array of businesses says it will cut workers because of the economic…
The International Monetary Fund presses again for actions to handle the debt crisis in Europe. (Reuters) The United States sets high tariffs on Chinese solar panels. (Reuters) Bank of America Corp. (NYSE: BAC) sharply…