Yahoo! Inc.’s (NASDAQ: YHOO) former interim CEO, Ross Levinsohn, quits. (Reuters) Manchester United sets IPO terms. (Reuters) The jury is selected in the Apple Inc. (NASDAQ: AAPL) vs. Samsung Electronics Co. IP suit. (Reuters)…
The Financial Times is the latest medium to point out that America may have an economically lost generation. “The jobless rate for Americans age 16 to 24 is above 16 per cent, more than twice the…
CIA World FactbookChina has a robust infrastructure that includes roads and bridges. It also has a sophisticated energy delivery system. As a matter of fact, several of the biggest companies in the People’s Republic…
UBS (NYSE: UBS) posted earnings that were hit by, among other things, a loss due to the Facebook (NASDAQ: FB) IPO. It was the first loss of substantial size released by any large financial firm.…
Dendreon (NASDAQ: DNDN), the small biotech firm with a cult following a among Wall St. traders, posted earnings today and slashed its staff. The stock dropped immediately after the news, and was down nearly 20%.…
GM (NYSE: GM) fired Joel Ewanick, its chief of global marketing. The car company said he “failed to meet expectations the company has for its employees”. The Wall Street Journal reported that he had…
Martha Stewart Living Omnimedia (NYSE: MSO) posted another loss on falling revenue, a further sign that the company is not a viable standalone firm. Revenue for the second calendar quarter of the year fell to…
It is enough to take anyone’s breath away. Gallup reports that people around the world are worried about their jobs. And people in Europe are worried most of all. Optimism in the Americas stands highest…
Treasury Secretary Tim Geithner has gone to Europe to visit the finance minister of Germany, Wolfgang Schaeuble, and European Central Bank (ECB) chief Mario Draghi. His hosts often do not welcome Geithner because he…
The drop in gasoline prices is over again for now. Both the Lundberg and AAA Fuel Gauge show that the price of a gallon of regular has moved higher recently. Lundberg reports it at…
The recovery of the Japanese economy, which was supposed to be supported by huge investments in infrastructure damaged by the huge earthquake that ruined much of the northern part of the country, has not…
Boeing (NYSE: BA) and Airbus continue to have trouble designing and manufacturing large airplanes that do not break. The Airbus super jumbo A380 has had wing crack problems. The Boeing 787 Dreamliner production was…
Treasury Secretary Tim Geithner has gone to Europe to visit the finance minister of Germany, Wolfgang Schaeuble, and European Central Bank (ECB) chief Mario Draghi. His hosts often do not welcome Geithner because he…
The Wall Street Journal reports that federal prosecutors want to speak with former Avon Products (NYSE: AVP) CEO Andrea Jung. These prosecutors continue to investigate Avon’s compliance with the Foreign Corrupt Practices Act. Avon…
Economists and the press already have voiced plenty of criticism about new predictions from the Office of Management and Budget (OMB). In its FY2013 Mid-Session Review, the agency forecast that the deficit will be $1.21 trillion and…
General Motors (NYSE: GM) fires its marketing head because of a deal he set for soccer sponsorships. (Reuters) HSBC (NYSE: HBC) is under U.S. investigation over Libor manipulation. (Reuters) The Apple (NASDAQ: AAPL) patent trial…
The INE, Spain’s official statistics bureau, reported that its preview estimate of Quarterly National Accounts showed GDP off 0.4% in the second quarter compared to the first. It also announced that, “The interannual rate…
In what may be an embarrassment to The New York Times , sources say that Apple (NASDAQ: AAPL) and Twitter have not held conversations about a strategic relationship in over a year. The Times…
Less than a day after Spain disclosed that its unemployment rate reached 24.6% in the second quarter, and just weaks after its neighbors agreed to bailout of its troubled banks, the IMF issued an extremely a…
The New York Times has published a “rumor” that Apple (NASDAQ: AAPL) may make a strategic investment in Twitter. How that would help Apple, which has seen an erosion in the market share of its…