The Federal Reserve plans to gamble that QE3 will combat a flagging economy. (Reuters) Brent crude rises to $117 on the Fed announcement. (Reuters) The Nintendo Wii U will allow video program lists and…
Updated throughout the day on the 24/7 Wall St. Wire: Ford Motor Co.’s (NYSE: F) board will soon pick Mark Fields to replace Alan Mulally as CEO later this year or next. (WSJ) UBS A.G.…
The iPhone 5 and China One of the questions that came out of the unveiling of the Apple Inc. (NASDAQ: AAPL) iPhone 5 is whether it can help the company’s flagging fortunes in China,…
ZyngaMany traders thought the 7.7% rise in Facebook Inc.’s (NASDAQ: FB) stock after CEO Mark Zuckerberg made comments at a TechCrunch conference about the firm’s future made no sense. He said little beyond the fact…
Only the U.S. government could come up with the term “unbanked” to describe Americans who do not have bank accounts or “underbanked” for Americans without sufficient access to basic financial services. The terms may be odd,…
McDonald’s Corp. (NYSE: MCD) will begin to post the number of calories in all of its foods on the above-the-counter and drive-thru menus of its nearly 14,000 U.S. stores. The world’s largest fast-food chain has…
While many individual Americans are struggling financially, some of the largest corporations in the United States are sitting on billions in cash. Moody’s pointed out in March that U.S. nonfinancial companies’ cash holdings rose to $1.24 trillion.…
The Federal Reserve likely will release plans for a stimulus package after members meet today. (Reuters) EADS and BAE hold merger talks. (Reuters) Apple Inc.’s (NASDAQ: AAPL) iPhone 5 may have more features that…
Month after month, Comscore puts out U.S. search engine market share data. Month after month, the leader by an extraordinary margin is Google (NASDAQ: GOOG). August was no exception with Yahoo! (NASDAQ: YHOO) and Microsoft…
What happened to the market as a whole today hardly mattered. The DJIA was up only 0.07% to 13,335. But, almost all of the news was focused on a handful of stocks. The Apple Inc. (NASDAQ: AAPL)…
All Eyes on Apple Today Apple Inc. (NASDAQ: AAPL) probably will introduce the new iPhone 5 today. What can be said that has not already been said? Nothing. The smartphone may have the capacity to connect to superfast…
Coverage of the appearance of Facebook Inc. (NASDAQ: FB) CEO Mark Zuckerberg at a conference run by tech news site TechCrunch was widespread. Zuckerberg said he was disappointed by the performance of Facebook stock and that…
courtesy of BaiduBaidu Inc. (NASDAQ: BIDU) counts among the best foreign stocks Americans can own. The Chinese search engine remains a proxy for the phenomenal growth of the Internet in the People’s Republic, on both…
Mark Zuckerberg makes a rare public appearance and expresses disappointment about Facebook Inc. (NASDAQ: FB) shares but says that the company will push forward in mobile. (Reuters) Apple Inc.’s (NASDAQ: AAPL) share price will…
The German high court — the Constitutional Court — said that Germany could participate in some of the most critical parts of a bailout of the region’s weaker economies. The ruling was expected, but still…
iPhone 5 Speculation Swirls As the launch date of the Apple Inc. (NASDAQ: AAPL) iPhone 5 approaches (probably tomorrow), the speculation about how many units will be sold multiplies. Famous Apple-watcher Gene Munster of Piper Jaffray says 10…
A JP Morgan Chase & Co. (NYSE: JPM) analyst speculated that sales of the new Apple Inc. (NASDAQ: AAPL) iPhone 5 could add “between 0.25% and 0.5% to annualized economic growth in the fourth quarter.” Eight million…
A look at the headlines across Reuters, the Wall Street Journal, Bloomberg, the Financial Times and the New York Times business section shows that all cover the same major stories in much the same way.…
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.…