The Rise of Bloomberg Online
Bloomberg is hardly a household brand name in America, except for a constant stream of news about New York City Michael Bloomberg and his crusades against smoking in public and bans on large containers of sugary…
All Work
Douglas A. McIntyre
HTC Earnings Pounded by Apple and Samsung
HTC simply cannot keep up with its major competitor in Google Inc. (NASDAQ: GOOG) Android-powered phones — Samsung — and Apple Inc.’s (NASDAQ: AAPL) iPhone. Samsung is now the world’s largest handset company. Its…
Knight Capital to Raise $400 Million
MarketWatch reports: Knight Capital Group Inc. is close to winning a $400 million infusion from Chicago market maker Getgo and TD Ameritrade among others, as the stock-trading firm scrambles to raise cash in the…
Apple (AAPL) May Buy The Fancy
Apple is in talks to acquire The Fancy, a fast-growing social commerce site backed by cofounders of Twitter and Facebook, Business Insider has learned. The objective: to secure a role for Apple in the…
What’s Important in the Financial World (8/3/2012)
Research In Motion Ltd. (NASDAQ: RIMM) continues its push to remain relevant in the new world of tablets and smartphones, and to keep itself from being broken into pieces and sold off as junk. The Canadian…
Media Digest (8/3/2012) Reuters, WSJ, NY Times, FT
The jobs situation may have been weak enough to spur Fed action. (Reuters) As Facebook Inc. (NASDAQ: FB) shares fall, insiders will be able to sell shares. (Reuters) GlaxoSmithKline PLC (NYSE: GSK) finishes its…
JAL Returns to the Stock Market
JAL will list on the Tokyo exchange with an initial public offering that will raise $8.5 billion. The listing is improbable for two reasons. The first is that airlines have had a rough year…
Romney’s 12 Million New Jobs
Mitt Romney, or more accurately several economists who do some of his thinking, say that he can add 12 million jobs to the economy in the four years after he is elected. CNN Money summarized…
Toyota’s Small Miracle
Toyota Motor Corp. (NYSE: TM) made a lot of money last quarter, at about the same time that Ford Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM) were battered by problems in Europe.…
Eight Cheap Cars the Richest Americans Drive
The wealthiest Americans are cheapskates, at least as far as their tastes in automobiles goes. Perhaps that is why some rich Americans stay rich. 24/7 Wall St. asked auto trends research firm Truecar to…
European Car Company Layoffs
Bloomberg reports that a car industry expert in Europe claims sales trouble due to the slow economy and vicious competition could cost 500,000 jobs within the sector. According to Bloomberg: The dismissals would follow…
Toyota’s 760,000 RAV 4 Recall
It seems like years since Toyota Motor Corp. (NYSE: TM) had a series of recalls of millions of cars, which forced CEO Akia Toyoda to appear before Congress to defend the safety standards of…
Germany Battles ECB Over Bailout
The European Central Bank’s members will meet against the backdrop of a pledge by President Mario Draghi to help the finances of the region through the purchase of the sovereign debt of the eurozone’s…
What’s Important in the Financial World (8/2/2012)
The European Central Bank’s members will meet against the backdrop of a pledge by President Mario Draghi to help the finances of the region through the purchase of the sovereign debt of the eurozone’s most troubled nations.…
Evidence of Poor Jobs Report Mounts
The body of evidence that the July jobs report will show an addition of fewer than 100,000 has grown recently. ADP released its data, which said the private sector added 163,000 positions. That, coupled with…
The Brutal Earnings at Sony Continue
The reign of Sony Corp.’s (NYSE: SNE) new president and CEO, Kazuo Hirai, does not look like it will be any better than that of his predecessor. Sir Howard Stringer has been blamed for a series…
Media Digest (8/2/2012) Reuters, WSJ, NY Times, FT
San Bernadino, Calif., will file for Chapter 11 over $1 billion in debt. (Reuters) The Federal Reserve says it may need to help the economy later this year. (Reuters) Toyota Motor Corp. (NYSE: TM)…
As Europe Crumbles, S&P Affirms Germany’s AAA Rating
Germany almost completely has escaped Europe’s problems, at least in so far as the strength of its sovereign debt is concerned. S&P confirmed its “stable” outlook on the country’s AAA rating for its long-term debt.…
The 11 States with the Highest Gas Prices
Did your recent trip to the gas station feel like it took a higher toll than normal on your wallet? It probably wasn’t your imagination. Average gasoline prices in the United States increased by…
Today’s Biggest Stock Market Winners and Losers
NokiaNokia Corp. (NYSE: NOK) continued a two-day surge, up another 9% today on rumors China-based PC firm Lenovo will buy it. Lenovo has said the rumor is “a joke.” Nokia continues to stumble in…