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…
Barclays PLC’s (NYSE: BCS) strong earnings briefly masked the great obstacles the bank faces because of the Libor scandal and management and board resignations. The bank made $6.4 billion last quarter. The management said…
Germany has formally rejected the plans of the European Central Bank (ECB) president, Mario Draghi, to buy sovereign paper, which could range into the tens of billions of dollars, to bring down borrowing costs…
Now that Facebook (NASDAQ: FB) has issued its quarterly report and its stock has fallen another 10%, investors wonder how low the shares can go. Revenue last quarter rose to $1.184 billion from $895…
Payday loans — small, short-term loans secured against a customer’s next paycheck — are highly controversial. A new study from Pew Charitable Trusts explains that opponents believe the practice “preys” on people who, because…