It remains hard to find many proxies for the consumer economy in the United States. Surveys from the Conference Board and University of Michigan ask abstract questions. Smartphone sales represent the transition from relatively…
Germany’s Federal Statistics Office issued numbers for June exports and imports. The results for exports to the “Member States of the European Union” might have been expected to be much worse than last year because the region is…
Updated throughout the day on the 24/7 Wall St. Wire: Apple Inc. (NASDAQ: AAPL) and Google Inc. (NASDAQ: GOOG) have bid $250 million for a number of Kodak’s patents. (WSJ) Manchester United has enough…
Oil prices continued to inch up as Brent crude crossed above $109. A belief that economic stimulus may be put into place from Europe to China has encouraged investors to gamble that supply will…
In an opinion piece in the Financial Times, bond king Bill Gross of PIMCO says that the European Union wants to lure private investors back into the sovereign paper of the region. He advises…
In another sign that most of the world’s largest economies are slowing, and that austerity programs may have taken a toll on growth in the United Kingdom in particular, the Office for National Statistics…
In another sign that most of the world’s largest economies are slowing, and that austerity programs may have taken a toll on growth in the United Kingdom in particular, the Office for National Statistics…
Chesapeake Energy Corp. (NYSE: CHK) sells assets to improve earnings. (Reuters) Standard Chartered may lose its New York banking license over allegations it hid $250 billion in transactions tied to Iran. (Reuters) Acer may want…
Make no mistake about it. Best Buy Co. Inc. (NYSE: BBY) founder and former chairman Richard Schulze played a major role in the ruin of the retail chain, which took about two years, before he made a $9…
Research called “YPO Global Pulse” is a quarterly survey of the economic sentiment of chief executives. The latest edition, based on questions put to the YPO network of 20,000 CEOs in 120 countries, covers the second quarter. It shows that:…
Quietly, Amazon.com Inc. (NASDAQ: AMZN) has announced its entrance into the social game business. It will be joining a slew of companies in that nascent business. Due to the number of visits to its websites,…
The story of American business has been about shipping the country’s manufacturing jobs overseas. However, there is another part of the story. Every year, American companies hire thousands of highly skilled foreign workers. Read:…
Heidrick & Struggles International Inc. (NASDAQ: HSII) CEO L. Kevin Kelly has gotten rich over the past three years, while his shareholders have become poorer. It would make sense that a public corporation that…
JCPenney Co. Inc. (NYSE: JCP), one of the oldest retailers in the United States, will release earnings this week. When it issued its previous quarterly numbers, sales fell 20%. Most analysts do not believe…
As the intellectual property lawsuit of Apple Inc. (NASDAQ: AAPL) against Samsung in Australia progressed, the South Korean company has accused the American one of tampering with witnesses. According to Slash Gear: For the…
The chances of a bailout of some of Europe’s financially weakest nations, which appeared promising two weeks ago, unravels more by the day. European Central Bank President Mario Draghi made a widely publicized comment…
The chances of a bailout of some of Europe’s financially weakest nations, which appeared promising two weeks ago, unravels more by the day. European Central Bank President Mario Draghi made a widely publicized comment that…
Knight Capital Group Inc. (NYSE: KCG) raises $400 million. (CNBC) HTC reports that sales of its smartphones fell 45% year-over-year. (Reuters) The New York State Department of Financial Services apparently is investigating whether relationships…
Will the United States be a country in which many people have low-paid jobs for more than another generation? Or can a combination of luck and public policy prevent that? The opposing views were highlighted in…
HTC, the Taiwan-based smartphone company, has taken on an eerie similarity to Research In Motion Ltd. (NASDAQ: RIMM). Its products have become an afterthought in an increasingly crowded market, but one in which Samsung and…