Merkel, Hollande Press for Greek Austerity The relationship between Germany and France on the one hand and Greece on the other spins from accommodation to exasperation in an almost regular cycle. Despite support of the euro,…
ZyngaSome of the top executives who left Web 2.0 companies recently went voluntarily, based on media reports. Others did not. Either way, several of these crippled corporations have to replace people who may be…
Most of the focus on the new Pew report, “The Lost Decade of the Middle Class,” has been around middle-class household income. What Pew calls “middle tier median income” dropped from $72,956 in 2000 to…
TAPP Group, a financial industry research group, tried to measure the effects on professional investors of recent fiascos in the stock market. TAPP asked institutional investors about their confidence in the structure of these markets, particularly in…
A South Korean court awards patent victories to both Apple Inc. (NASDAQ: AAPL) and Samsung in a patent dispute. The judges add that Samsung did not violate key iPhone design property. (Reuters) UBS AG…
Updated throughout the day on the 24/7 Wall St. Wire. Mexico billionaire Carlos Slim may use his America Movil to buy into Poland telecom firm Hawe (Reuters) Pilots of AMR’s American Air and U.S. Airways (NYSE:…
Citigroup Inc. (NYSE: C) does not feel it is being dealt fairly with in the matter of losses that arose from the Facebook Inc. (NASDAQ: FB) initial public offering. The bank believes that the…
The recovery and consolidation of the airline industry since the recession has helped the sales of both Boeing Co. (NYSE: BA) and Airbus. But the momentum has started to shift the other way as…
Even with a new CEO on the way, the Best Buy Co. Inc. (NYSE: BBY) board continues to hedge bets about the firm’s future. Founder Richard Schulze, who was recently thrown out as chairman,…
Best Buy Resumes Talks with Founder Even with a new CEO on the way, the Best Buy Co. Inc. (NYSE: BBY) board continues to hedge bets about the firm’s future. Founder Richard Schulze, who…
HSBC released its preliminary reading of China’s August PMI. The figure was 47.8, which is a nine-month low. The reading was below July’s 49.3. A number under 50 means the manufacturing sector is contracting.…
The idea that a home is a good long-term investment continues to get battered. Like most theories about money return, the calculations are based on a house being bought and held for many years or…
Sony Corp. (NYSE: SNE) called the firing of 1,000 people at its mobile phone business part of a grand plan. Kunimasa Suzuki, the president of Sony Mobile, said: We are accelerating the integration and convergence…
The Federal Reserve signals it may ease monetary policy as early as next month. (Reuters) HSBC China PMI estimates hit a multimonth low at 47.8, down from 49.3 in July. (Reuters) Hewlett-Packard Co.’s (NYSE:…
Updated throughout the day on the 24/7 Wall St. Wire: IAC/InterActiveCorp (NASDAQ: IACI) offers $300 million for the About.com division of The New York Times Co. (NYSE: NYT). (Reuters) The U.S. government investigates whether…
Trading Volume at Five-Year Low CNNMoney is the latest media outlet to acknowledge the fact that trading volume is light. In their estimation, it is at a five-year low. There could be several reasons for this.…
Dell Inc.’s (NASDAQ: DELL) quarterly numbers leave investors worried. (Reuters) The head of the eurozone goes to Greece to evaluate its finances. (Reuters) Apple Inc. (NASDAQ: AAPL) and Samsung make final statements at an…
The AAA, the association that keeps track of everything Americans do with their cars, reports that 33 million people will drive or fly over the long Labor Day weekend — August 30 to September 3.…
It has been said several times, but for Dell Inc. (NASDAQ: DELL) shareholders, it cannot be said too often: the most important line in the Dell quarterly earnings statement is the one that shows…
The FCC issued its Eighth Broadband Progress Report, which it has to do annually according to Section 706 the Telecommunications Act of 1996. The core reason for the effort is to show whether broadband “is…