Research In Motion Judgment Reversed
The dismal fate of Research In Motion Ltd. (NASDAQ: RIMM) became a little less dismal, at least for a day. A U.S. federal judge, according to Reuters: … ruled the company had not infringed…
All Work
Douglas A. McIntyre
July Foreclosure Trouble — RealtyTrac
Foreclosure starts increased for the third month in a row in July, according to industry research group RealtyTrac. The firm reported: U.S. Foreclosure Market Report for July 2012, which shows foreclosure filings — default…
The Jack Welch College of Knowledge
Jack Welch spent decades moving up the management ranks of General Electric Co. (NYSE: GE) to the point where, as CEO, he turned the firm into one of the great companies in the world. But…
What’s Important in the Financial World (8/9/2012)
Foreclosure starts increased for the third month in a row in July, according to industry research group RealtyTrac. The firm reported: U.S. Foreclosure Market Report for July 2012, which shows foreclosure filings — default…
Older Americans’ Worries Similar to Everyone Else’s
According to an article titled “Boomers’ ‘Anxiety Index’ High, Voter Survey Reveals,” new research shows that among people ages 50 to 64 who are still in the workforce, the greatest concerns are: Inflation Taxes…
China’s Factory Output Reaches Three-Year Low
China’s factory output dropped to 9.2% for the month of July. The figure should be the envy of most of the world’s other large economies. But it was a three-year low for China and confirmed…
Media Digest (8/9/2012) Reuters, WSJ, FT, Bloomberg
News Corp. (NASDAQ: NWS) takes a $2.85 billion write-down, mostly on its publishing properties, as it prepares to spin them off. (Reuters) Standard Chartered pushes back on allegations about money laundering, portraying a New…
America’s Most Affordable Housing Markets
The housing crash that began in late 2006 resulted in trillions of dollars in lost wealth and millions of families owing more on their mortgage than their houses are worth. But while the economic…
Today’s Best Market Rumors (8/8/2012) Standard Chartered Penalty
Updated throughout the day on the 24/7 Wall St Wire: The Treasury Department and Federal Reserve are upset by a release of allegations about Standard Chartered by the New York State Department of Financial…
ING Hurt by Spanish Bond Holdings
Shares of big Dutch bank ING Groep NV (NYSE: ING) took a tumble after the firm said its earnings fell 22%, mostly due to exposure to Spain’s sovereign paper. Expect other large EU-based banks…
Samsung’s Trouble in Apple Suit
The Apple Inc. (NASDAQ: AAPL) suit against Samsung took a turn for the worse for the South Korean firm. It has contended it was just going about its business to create smartphones, with barely…
What’s Important in the Financial World (8/8/2012)
The Apple Inc. (NASDAQ: AAPL) suit against Samsung took a turn for the worse for the South Korean firm. It has contended it was just going about its business to create smartphones, with barely an…
America’s Most (and Least) Livable States
Media reports regularly rank the country’s states in terms of their current economic situation, health, jobs and even water quality. But what about their future? That’s what Gallup attempted to find out. On Tuesday,…
Facebook Sell-Off Becomes Irrational
courtesy Facebook Inc.Investors have a number of reasons not to like Facebook’s stock, but movement of the shares has become irrational. Facebook Inc. (NASDAQ: FB) has, according to many analysts, reached the point where…
People in States with Low Unemployment Like Job Prospects
A new poll from Gallup shows that people who live in North Dakota report the best hiring situations among their employers, compared with people in any other state. With an index of 34, North…
Media Digest (8/8/2012) Reuters, WSJ, FT, Bloomberg
In the copyright case between Google Inc. (NASDAQ: GOOG) and Oracle Corp. (NASDAQ: ORCL), the judge asks for names of paid reporters and bloggers who work for the companies. (Reuters) The government reports that…
Priceline and the Consumer Economy
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…
German Exports: The EU Bites Its Premier Economy
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…
Today’s Best Market Rumors (8/7/2012)
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…
Brent Crude Above $109
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…