A circulating rumor picked by by Reuters and Bloomberg claims that Barry Diller’s IAC/InterActiveCorp (NASDAQ: IACI) has bid $300 million for About.com, a search property owned by The New York Times Company (NYSE: NYT). It was…
JetBlue Airways Corp. (NASDAQ: JBLU) will not be one of the bidders for the assets of bankrupt AMR, parent of American Airlines. That does not leave the crippled airline without a suitor. U.S. Airways…
Several media outlets have reported that George Soros has bought about 8% of the shares in recent IPO of Manchester United Ltd. (NYSE: MANU). Soros Fund Management LLC owns 7.9% of the soccer club,…
Farmers are bringing in corn harvests as fast as possible. The trend will not help overall supply, except in the early part of the season. The shift in harvest time, therefore, will not undercut…
As extraordinary as it may seem, one in four people in Mississippi could not afford to buy food at least once in the past year, according to Gallup. Perhaps it makes sense that the…
German newspaper Boersen-Zeitung reports that industrial giant Siemens AG (NYSE: SI) may cut thousands of jobs in the fall. The action is described as “explosive,” at least as far as a rough translation says.…
CNNMoney is the 10th largest financial and business website in America, at least as audience measurement firm Comscore rates it. The site has 10.2 million unique visitors in July, which places it just behind…
Fast Corn Harvest Farmers are bringing in corn harvests as fast as possible. The trend will not help overall supply, except in the early part of the season. The shift in harvest time, therefore,…
The International Monetary Fund and World Bank do not think the rise in food prices will bring a global financial crisis. (Reuters) Apple Inc. (NASDAQ: AAPL) is the largest company by market cap in…
Based on filings with the SEC, Silicon Valley legend Peter Thiel has sold millions of shares of Facebook (NASDAQ: FB) held by various of his funds, most of which carry the Founders LP fund name. The…
Either the market does not believe that Best Buy’s (NYSE: BBY) new CEO Hubert Joly, former head of hotel operator Carlson, can turn the consumer electronics retailer around, or fears have grown that founder…
Updated throughout the day on the 24/7 Wall St. Wire: General Motors Co. (NYSE: GM) is close to a deal to cut worker hours at its German plants. (WSJ) Greece hopes that new cuts to…
Speculation has grown about what will happen to the smartphone industry if Apple Inc. (NASDAQ: AAPL) prevails over Samsung in an intellectual property trial. Both sides have rested their cases and said they cannot…
Greek prime minister Antonis Samaras will visit Germany this week with hat in hand. Ahead of his meeting with Angela Merkel and other senior Germany officials, the core purpose of the meetings is already…
China’s Statistics Bureau reported that in July new home prices rose in 49 of the 70 cities measured. According to MarketWatch, that was the broadest advance in 14 months. At first blush, it would…
China’s New Home Prices Rise China’s Statistics Bureau reported that in July new home prices rose in 49 of the 70 cities measured. According to MarketWatch, that was the broadest advance in 14 months.…
After months in retreat, WTI crude has moved back to near $100 a barrel. Today it trades at $96.27, and over the past several weeks, the trend has been up. Economists can renew the debate…
National Association of Manufacturers (NAM) President and CEO Jay Timmon has never run a manufacturer himself. Yet he is fond of passing judgement on what has hurt the large economic sector, particularly through criticism of the federal government’s…
No matter who gets control of Best Buy Co. Inc. (NYSE: BBY), its current board or founder Richard Schulze, the company faces brutal cuts in stores and personnel. There is no other way out…
Workers in the aerospace industry are concerned about potential military cuts at the end of this year. (Reuters) Best Buy Co. Inc. (NYSE: BBY) says that founder Richard Schulze turned down an offer from…