Research firm Markit reports and Eurozone PMI remained weak in August. The data show that most of Europe has dropped into a double dip recession. It raises the issue of whether weak economies like Spain can meet austerity goals…
New China PMI data from HSBC show that manufacturing in the People’s Republic has dropped back to levels last measured during the global recession. The numbers are an indication that China’s GDP estimates of 8% for…
Europe markets opened up slightly up after most Asia markets closed higher by below 1%. The FTSE rose .63% to 5,747. Miner Rio Tinto (NYSE: RTP) was up over 2% as was its major peer BHP…
A new poll of Germans show that most Germans would like Greece to leave the eurozone. That should not be a surprise. The citizens of the “paymaster of Europe” must be sick and tired of part of their…
Now that Apple Inc. (NASDAQ: AAPL) has Samsung by the throat — at least legally — it plans to strangle the South Korean firm’s smartphone division to death. Apple added to its lawsuit filed in…
China has clearly begun to move in the direction of a recession, even if such an event would not be defined as it is on Western terms. China’s PMI as released by the China Federation…
According to a report in the Wall Street Journal, Amazon.com (NASDAQ: AMZN) will launch an advertising supported tablet, which would allow the e-commerce company to charge consumers below normal retail prices for similar products.…
Updated throughout the day on the 24/7 Wall St. Wire: Apple Inc. (NASDAQ: AAPL) and a group of publishers have offered EU antitrust officials a possible settlement. (Reuters) Amazon.com Inc. (NASDAQ: AMZN) may not…
24/7 Wall St.’s list of the analyst calls most likely to move stocks as the market opens. Oppenheimer upgraded Corning Inc. (NYSE: GLW) to Outperform with a $16 price target. Stifel Nicolaus cut Belden Inc.…
Bundesbank President to Resign The chief of Germany’s powerful central bank may step down. German newspaper Bild reports that German Bundesbank President Jens Weidmann will resign. The reason given is his battle with ECB President Mario Draghi…
Samsung beats Apple Inc. (NASDAQ: AAPL) in an intellectual property case in Japan. (Reuters) The CEOs of Apple and Google Inc. (NASDAQ: GOOG) meet to discuss patent issues. (Reuters) J.P. Morgan Chase & Co.…
The American media and consumer electronics research groups tend to focus on the state of the smartphone market in the United States. Reports cover the market shares of firms that compete in the phone,…
The stock prices of Apple Inc. (NASDAQ: AAPL) and Amazon.com Inc. (NASDAQ: AMZN) reach all-time highs almost every day. The third member of the club of tech companies that is often mentioned as among…
A new report from the World Bank states what has been obvious for months: food prices have spiked so high that the costs represent a threat to the ability of many people to feed…
ZyngaEmbattled online game firm Zynga (NASDAQ: ZNGA), its stock down over 80% this year, and its business prospects in question, lost two more senior executives today, according to Bloomberg: Zynga Inc. vice presidents Bill Mooney and…
French President Francois Hollande may have run out of leverage with his peers in the European Union, his political opposition and his own voters. Bloomberg reports: Hollande’s approval rating fell by five points to…
At least one leader of a major nation is confident the financial and economic problems of Europe will be solved. China’s Premier Wen Jiabao said he thinks the region will pull through. He admitted…
Barclays PLC (NYSE: BCS) did not take long to appoint a new chief executive. The CEO is Antony Jenkins. He ran the retail part of the financial firm, so he was far from the…
A bit late compared to other research groups and agencies that track the global economy, Moody’s has added significantly to its reasons for a likely slowdown in the growth of the G20 nations and has said emerging markets are…
Analysts who watch the smartphone market will not have to wait for the legal battle between Apple Inc. (NASDAQ: AAPL) and Samsung to advance any further before judging the future of the Microsoft Corp. (NASDAQ:…