Apple (NASDAQ: AAPL) blames poor earnings on slow sales in anticipation of the iPhone 5 and a sluggish economy. (Reuters) The Federal Reserve searches for new ways to help the sagging economy. (Reuters) Peugeot…
The Congressional Budget Office issued a report about the effects of the Supreme Court decision on the Affordable Care Act. Its conclusion is that 3 million people who would have had health insurance before this…
nationsonline.orgMoody’s changed its outlook for the Aaa credit rating of the European Financial Stability Facility (EFSF) to “negative.” The decision was based largely on its downgrade of the outlook of some of the fund’s primary guarantors —…
The recession in the United Kingdom deepened in the second quarter. The Office of National Statistics reported: The chained volume measure of GDP decreased by 0.7 per cent in Q2 2012 compared with Q1…
The Ifo Institute warned that the outlook of businesses in Germany has fallen, as have their views of the future. Research from other sources has shown the slowdown of German economy, which has quickly raised worry that…
Another nail in the coffin of the outlook of China’s economy was pounded in by the International Monetary Fund. The sentiment about the near-term future of gross domestic product and exports in the People’s…
Netflix (NASDAQ: NFLX) earnings were so poor that shares dove 13% to $69. The stock is already down from a 52-week high of $274 because of worry about competition in streaming video and the…
Updated throughout the day on the 24/7 Wall St.Wire: The CEOs of Apple (NASDAQ: AAPL) and Samsung continue to battle over the value of disputed patents. (Reuters) Several groups of traders will be hit…
Germany reacted to Moody’s decision to put a negative watch on the nation’s Aaa-rated sovereign debt. In essence, the government said it can maintain a wall between its economy and the balance of the…
Real estate research firm Zillow (NASDAQ: Z) reports that home prices have stabilized, based on data from the second quarter. This is the latest evidence that the sickening drop that began in 2006 may…
Research firm Comscore (NASDAQ: SCOR) released its top 50 websites, based on unique visitors, for the month of June. The data offered few surprises, except for the rise of Twitter, which now has as…
What does it mean about the economy when people cannot afford hamburgers and beer? It is another sign that consumer spending is in trouble. A beer can cost as little as $1, and the same holds…
Advanced Micro Devices’ (NYSE: AMD) chairman, Bruce L. Claflin, has been on the chipmaker’s board since 2003. He has chaired the board since early 2009. For some odd reason, he was appointed executive chairman…
ThinkstockNationwide Mutual has become the first insurance company to decline coverage for claims related to hydraulic fracturing, a controversial energy production known as “fracking.” In a press statement “FOR IMMEDIATE RELEASE” posted on its…
Research firm Comscore (NASDAQ: SCOR) released its top 50 websites, based on unique visitors, for the month of June. The data offered few surprises, except for the rise of Twitter, which now has as many…
Carlyle (NASDAQ: CG) may buy a unit of United Technologies (NYSE: UTX). (Reuters) More factories move to the United States as China’s manufacturing costs rise. (Reuters) The CEOs of Apple (NASDAQ: AAPL) and Samsung…
nationsonline.orgResearch firm Markit issued its PMI data for the eurozone for July. Most of the news was bad, although economists were heartened slightly by the fact that the core figure was no worse than in May. On…
China’s factory activity continued to contract in July, but the figure was much better than it has been in several months. Economists took this as a net positive sign. The HSBC China manufacturing Purchasing Managers’ Index,…
According to ratings firm Moody’s, the financial problems of the eurozone have caught up to Germany, the financial pillar of the region. Moody’s changed its outlook on Germany’s Aaa rating to “negative” as it…
VMWare (NYSE: VMW), the world’s largest virtualization software company, which is controlled by EMC (NYSE: EMC) bought Nicira for $1.05 billion and $210 million of unvested equity awards. The deal will move VMWare quickly into the…