Bill Gross Attacks Europe Investment
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…
All Work
Douglas A. McIntyre
U.K. June Production Data Weak
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…
What’s Important in the Financial World (8/7/2012)
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…
Media Digest (8/7/2012) Reuters, WSJ, NYT, FT, Bloomberg
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…
Best Buy: Founder Richard Schulze Helped Ruin the Company
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…
CEOs Worry About the World
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:…
Amazon.com Announces Social Game Products
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,…
U.S. Companies Hiring the World’s Geniuses
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: Stockholders Battered as CEO Gets Rich
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’s Day of Reckoning
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…
Apple and Samsung Battle Gets Larger
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…
Europe’s Trouble Continues to Drag On
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…
What’s Important in the Financial World (8/6/2012)
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…
Media Digest (8/6/2012) Reuters, WSJ, NYT, FT, Bloomberg
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…
America: Home to Low-Paying Jobs or Not
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 Becomes the New Research In Motion
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…
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…
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…