China begins to use its currency for cross-border transactions — a challenge to the dollar. (Reuters) Google Inc. (NASDAQ: GOOG) is denied summary judgement in a patent fight with Vringo. (Reuters) The head of EADS…
High-end big-box retailer Costco (NASDAQ: COST) had a better September than expected as revenue rose 8% to $9.31 billion. Same-store sales were up 6% worldwide. Excluding gas prices, the increase was 5%. Final net…
Banks Should Abandon New York? Infamous bank analyst Dick Bove believes that banks are treated so badly by the State of New York that they should abandon the location and move to alternate places. After the…
In among the September car and light truck successes of Chrysler, Honda Motor Co. Ltd. (NYSE: HMC) and Toyota Motor Corp. (NYSE: TM), and the disappointing results of General Motors Co. (NYSE: GM) and…
New management at Best Buy Co. Inc. (NYSE: BBY) has not articulated a turnaround plan, and that may be because there is none. The people who run the consumer electronics retailer cannot conjure what probably…
The founder of Best Buy Co. Inc. (NYSE: BBY) is well along with an $11 billion buyout plan. (Reuters) As some companies leave Spain, the nation’s tax base falls. (Reuters) China’s services purchasing managers…
The number of economists and economic forecast organizations that believe Asia’s big economies will slow rapidly just increased by one — The Asian Development Bank. In its annual “Asian Development Outlook,” it sounded one…
Despite the many economic headwinds still facing the U.S., much of the retail industry is anticipating a sharply improved holiday season compared to last year and is planning accordingly. Six of the largest store…
Toyota (NYSE: TM), its U.S. sales damaged by recalls and an earthquake which hampered its production roared by in sales last month. Sales of the company, which was once No.2 in American market share behind…
Updated throughout the day on the 24/7 Wall St. Wire: Qatar Airways will join the oneworld alliance of airlines, which allows members to share codes and traffic. British Air and American are already members.…
Ban on Galaxy Tab Sales Lifted Despite efforts by Apple Inc. (NASDAQ: AAPL) to shut down the sales of the Samsung Galaxy Tab 10.1 in the United States, a court has decided that Samsung…
A court will allow Samsung to sell its Galaxy Tab 10.1 in the U.S. despite efforts by Apple Inc. (NASDAQ: AAPL) to block it. (Reuters) Germany wants Spain to delay a request for a…
After months and months of criticism about how well the top 1% do financially compared to the other 99% of earners, the very rich may get their comeuppance. A Tax Policy Center analysis of the…
The Washington Post Co. (NYSE: WPO) is once again the envy of the newspaper industry. The last time investors were so bullish about the company is when Wall St. saw the huge profits from the online…
Suppose that most of the estimates of what it will cost to bail out Europe’s weakest nations and their banks are wrong. Suppose that the costs will be twice as much as experts from the…
J.P. Morgan Chase & Co. (NYSE: JPM) must regret the purchase of Bear Stearns, no matter how favorable the terms may have been. The State of New York filed suit against the huge bank…
Updated throughout the day on the 24/7 Wall St. Wire: Oracle Corp. (NASDAQ: ORCL) will license the Nokia Corp. (NYSE: NOK) map technology. (WSJ) Private equity managers begin to renegotiate deals with their investors…
European Unemployment in August The unemployment level in the euro area (EA17) rose to 11.4% in August, which matched July’s number. The jobless figure for the broader EU27 was 10.5%. Both figures demonstrate the…
Global climate change and pollution from the use of fossil fuels killed nearly 5 million people around the world in 2010, according to a report released last week by climate change advocacy group DARA.…
The board of Xstrata approves a merger with Glencore. (Reuters) A U.S. appeals court says a lower court should reexamine a ban of the Samsung Galaxy Tab 10.1, which was part of a patent win by Apple…