The notion that Spain’s economy could recover from the current flat spin on its own always was wildly improbable. The country does not have the means, either in its manufacturing, financial or service sectors, to recover without…
General Motors Co.’s (NYSE: GM) reaction to a report that it would idle production of the troubled Chevy Volt was: “We don’t comment on production schedules. We continue to match supply and demand,” according…
Isaac Shuts Gulf Coast Refineries As Tropical Storm Isaac is forecast to turn into a Category 2 Hurricane before its makes landfall near New Orleans, it has caused large oil firms to shut many…
Apple Inc. (NASDAQ: AAPL) pushes for a ban on eight Samsung phones. (Reuters) Best Buy Co. Inc. (NYSE: BBY) will allow former chairman Richard Schulze to review its books with an eye toward a…
The short interest in the stocks with the largest positions as of August 15: Bank of America Corp. (NYSE: BAC) down 2% to 220 million shares. Nokia Corp. (NYSE: NOK) up 8% to…
Hurricane Isaac Poised to Strike U.S. Economy Isaac, now a Category 1 hurricane that could become a Category 2, will have some effect on the U.S. economy even if it does not make a direct hit…
Will Apple Inc. (NASDAQ: AAPL) raise the price of the iPhone 5 above the level it planned before its victory over Samsung? It would not be unusual for a company to use the potential…
Those watching for just one piece of good news about economies in the European Union have been disappointed again. The Ifo Business Climate Index for industry and trade in Germany fell to 102.3 from a July reading of…
Hurricane Isaac causes several companies, including BP PLC (NYSE: BP), to shut down drilling in the Gulf of Mexico. (Reuters) Hertz Global Holdings Inc. (NYSE: HTZ) will buy Dollar Thrifty Automotive Group Inc. (NYSE:…
The S&P 500 has risen about 4% over the past six months. The primary index for French stocks, the CAC 40, has been flat over the same period. It is difficult to explain why…
Almost every comment about the Apple (NASDAQ: AAPL) patent victory over Samsung in U.S. District Court includes the observation that Samsung did not expect such sharp blow or the damages set by the jury at…
In a new report from the Congressional Research Service, written by Richard F. Grimmett and Paul K. Kerr, the agency said that U.S. arms exports reached $66.3 billion, according to an account in The New York…
Along with whatever setbacks Isaac has caused to the Republican National Convention in Tampa as it crosses the Florida Keys into the Gulf of Mexico, estimates of property damaged which could be triggered by the system have…
The bad news about PC sales, particularly at Dell (NASDAQ: DELL) and Hewlett-Packard (NYSE: HPQ) was bound to be bad news for chip markets Intel (NASDAQ: INTC) and AMD (NYSE: AMD). The extent of the…
As a challenge to wisdom that the economy has slowed to a halt, U.S. car sales are expected to reach a four-and-a-half year high when August numbers are released. According to J.D. Power, August new-vehicle…
Leaving aside what damage and disruption Tropical Storm Isaac could cause for the Republic Convention in Tampa, research firm CoreLogic estimates residential damage could reach $27 billion as the system marches over Haiti and into the…
It seems like decades since Hertz (NYSE: HTZ) began to jockey with its primary rival–Avis Budget Group (NYSE: CAR)–for the right to own Dollar Thrifty Automotive Group (NYSE: DTG) which is among the second tier…
A number of media have reported that Apple (NASDAQ: AAPL) has won a key patent victory in a jury trial held in federal court. Early reports are that the jury upheld all seven of the…
Early reports are that the jury in an intellectual property suit heard in federal court has ruled for Apple (NASDAQ: AAPL) and against Samsung on certain of the charges Reuters reports that the jury agreed…
Updated throughout the day on the 24/7 Wall St. Wire: Federal regulators may use parts of Dodd-Frank to regulate the money market fund industry after SEC efforts failed. (NYT) The European Central Bank will…