Workers at a manufacturing facility of China’s Foxconn “struck” the company twice over the weekend, or once, or not at all, depending on the source of the information. Most likely, two labor disruptions occurred. The media gave…
The World Bank has just announced it expects a signficant slowing of GDP growth in East Asia and the South Pacific regions. Its analysts reported that the drop could be “a full percentage point from…
The World Bank cuts forecasts for East Asian gross domestic product and warns on China’s growth. (Reuters) BAE’s largest shareholder disapproves of a merger with EADS. (Reuters) The idea of a single European budget…
Governor Edmund G. Brown Jr. ordered the state’s California Air Resources Board (CARB) to move to allow refineries to make winter-blend gas. The action normally does not occur until October 31. Brown’s office released…
Farmers were panicking this summer, dealing with the worst drought to hit the US in five decades, but from this disaster progress is blossoming in the form of a drought-tolerant corn seed and a…
Portugal hopes it can begin to issue long-term debt, again. Moody’s is not sanguine about the country’s prospects. In a new report on Portugal, Moody’s researchers commented: Portugal conducts a successful bond swap but…
Samsung may be losing the patent battle with Apple Inc. (NASDAQ: AAPL) in the courts, buy based on expert preference, the edge is not so clear. Consumer Reports rated the new Apple iPhone 5…
Most of the media reports about gas prices in California cover the fact that gas prices in some parts of the state have moved above $5. But, for drivers who use premium, the prices…
Updated throughout the day on the 24/7 Wall St. Wire: Greek financial firms National Bank and Eurobank Ergasias are in merger talks. (Reuters) China telecom equipment firm Huawei Technologies may stage an IPO. (Reuters)…
This is what is important in the financial world on December 5, 2012.
The new IMF annual report carries the title “Working Together to Support Global Recovery.” The document contains all of the content that most annual reports do about mission and profits, as well as plans for the…
Apparently, another Sony Corp. (NYSE: SNE) product launch has been undermined due to another broken Sony product. Several media report that the Xperia Tablet S has a flaw. There is a space between the tablet’s…
True or not, conventional wisdom says that private companies, particularly small ones, are the engine of the economy and job creation. Even if these firms only add one or two employees each, small companies…
The European Central Bank bailout pledge helps companies in the region to borrow inexpensively. (Reuters) Samsung makes a profit of $7.3 billion but says the next quarter will be weaker. (Reuters) The head of…
To identify the U.S. metropolitan statistical areas with the lowest median household income, 24/7 Wall St. reviewed city data on income, poverty rate, median home price and health insurance from the U.S. Census Bureau’s…
To identify the U.S. metropolitan statistical areas with the highest median household income, 24/7 Wall St. reviewed city data on income, poverty rate, median home price and health insurance from the U.S. Census Bureau’s…
Macau Gambling Revenue Macau gambling revenue came in short of expectations. Macau has become the Mecca of gaming firms as activity has slowed, particularly in places like Las Vegas and Atlantic City. Macau’s government…
There is an emerging body of opinion that if the Hewlett-Packard Co. (NYSE: HPQ) board had not fired former CEO Mark Hurd then the company would have avoided the operational problems that have driven its…
Some corporate decisions are so stupid when they are made that it staggers the mind. Toys“R”Us will get into the video streaming business, likely on the assumption that it can use its brand to get children…
Apple Inc. (NASDAQ: AAPL) might have expected that its successful patent suit against Samsung and the launch of the iPhone 5 would dampen demand for Samsung’s flagship smartphone, the Galaxy S III. As it…