Hewlett-Packard Co. (NYSE: HPQ) will lay off 29,000 people instead of the 26,000 it originally announced as it struggles to improve performance. Royal Philips Electronics N.V. will cut the 2,200 jobs it announced, on…
George Soros says Germany should back the European Union or leave it. (Reuters) The new Apple Inc. (NASDAQ: AAPL) iPhone could boast fourth-quarter gross domestic product by 0.5%, according to a J.P. Morgan Chase & Co.…
Any Takers for ECB Bond Buying? One of the problems with the ECB bond-buying plan, which was hailed last week as a way to help curb the borrowing costs of financially troubled nations, is…
Martha Stewart Living Omnimedia Inc. (NYSE: MSO) faces the same dilemma many multimedia firms do: it has a print division. Print is no longer a viable medium for these firms in many cases. Though a shutdown…
Executive search firm Heidrick & Struggles International Inc. (NASDAQ: HSII) has been falling apart for some time now. Most shareholders and analysts believe that the blame for this belongs to CEO L. Kevin Kelly, who…
The Chines and U.K. economies could hardly be more different. With capital cities over 5,000 miles apart, England remains the leading example of the old financial world, and China holds its position at the top…
Wikimedia CommonsAccording to several media sources, JCPenney Co. Inc. (NYSE: JCP) will extend its program for free children’s haircuts. The original promotion, offered in August, brought in 1.6 million takers. The sinking retailer said it…
Each of the two major reports of national gasoline prices shows that the cost per gallon continues to rise. This at a time when the U.S. consumer needs as much discretionary income as possible as…
General Motors Co. (NYSE: GM) loses up to $49,000 on each Chevy Volt. (Reuters) J.P. Morgan Chase & Co. (NYSE: JPM) and Citigroup Inc. (NYSE: C) may change their compensation practices. (Reuters) China posts weak…
AIG (NYSE: AIG) will receive the additional measure of freedom it has been seeking since the government became its majority owner in 2008.By most estimates, the federal government has staked $185 billion on the firm…
Like any other alliance of countries assessing the global economy the Asia-Pacific Economic Cooperation (APEC) expressed worry about Europe, but did not provide any solutions. That is one more nail in the coffin of the eurozone which…
In another sign the China has moved toward a recession of sorts, its factory output pace fell last month. The National Bureau of Statistics said production increased 8.9% year-on-year in August. The rate was 9.2% in…
The Wall Street Journal reports that the new Apple Inc. (NASDAQ: AAPL) iPhone 5 will work on LTE networks around the world. One of the drawbacks of the current iPhone 4S is that it does not…
Well, its official – the U.S. government has acknowledged that the U.S. is in the worst drought in over 50 years, since December 1956, when about 58 percent of the contiguous U.S. was in…
For most of the 20th century, the United States has been considered the world’s economic superpower. And up until four years ago, the World Economic Forum would agree. In 2008, it ranked the U.S.…
This week’s economic and market news headlines have been dominated largely by Mario Draghi’s bond-buying program and now by an official unemployment rate of 8.1% with only 96,000 payrolls added in the United States during August.…
Updated throughout the day on the 24/7 Wall St. Wire: Apple Inc. (NASDAQ: AAPL) will start a business to compete with Pandora (NYSE: P). (WSJ) The Senate will begin an investigation of J.P. Morgan Chase &…
At first glance, the most interesting fact in the new eMarketer study of mobile ads is that Twitter will get more revenue from this source in 2012 than Facebook will. The figure represents another example…
bfishshadow via Wikimedia CommonsThe Nasdaq Composite Index reached an intraday high of 5,132.52 on March 10, 2000, and closed an at all-time high of 5,048.62 the same day. The close yesterday was almost 2,000 points below that…
nationsonline.orgWith President Mario Draghi out in front, the European Central Bank announced its new bond-buying program. The organization said the “sky is the limit.” It will purchase whatever sum of sovereign paper that is necessary to keep the…