Italy is at the mid-point of economic expansion, or lack of it, among European nations. The fates of Greece, Portugal and Spain are set and depressed, probably for years. France, Germany and northern European nations…
The new Yahoo! (NASDAQ: YHOO) board is different from the one that turned down a rich buyout offer from Microsoft (NASDAQ: MSFT), different from the one that hired Carol Bartz as CEO, and different…
Thirty-year mortgage rates fell to a low that has not been seen since numbers were first recorded in the 1980s. The rate reached 3.56%. Will that rate help the housing market? So far, the…
Moody’s cuts Italy’s rating by two notches and indicates the cuts may not be finished. (Reuters) Treasury Secretary Geithner pressed UK regulators on Libor in 2008. (Reuters) A hack of Yahoo!’s (NASDAQ: YHOO) email…
China’s growth fell well below what was more than 10% before the recession. It had recovered some last year and the earliest part of this one. Growth dropped to 8.1% in the first quarter…
Groupon (NASDAQ: GRPN) hit an all-time low of $7.72 yesterday. CNBC points out that part of the cause was the online coupon company’s exposure in Europe. The observation may be the first of many…
In the stock picking beauty pageants, JP Morgan (NYSE: JPM) has won a prize. Bloomberg reported: JPMorgan, under Americas equity research head Noelle Grainger, scored the largest number of highly ranked analysts, making it…
Apple (NASDAQ: AAPL) made another push into a market where it has to be successful to keep up its hypergrowth — China. Its new product for the market is an updated version of the…
Groupon (NASDAQ: GRPN) hit an all-time low of $7.72 yesterday. CNBC points out that part of the cause was the online coupon company’s exposure in Europe. The observation may be the first of many…
While the nation’s population grew last year by just 0.1%, many of the largest metropolitan cities are booming. Based on newly released data from the U.S. Census Bureau, 24/7 Wall St. identified the 10…
Ford (NYSE: F) recently said its losses in Europe last quarter will be three times expectations. The recession that has spread across Europe is that bad. General Motors (NYSE: GM) will post more losses…
Sales of PCs worldwide were flat in the second quarter, according to research firm Gartner. The two largest U.S. companies did much worse. And the trend is likely to continue since neither Dell (NASDAQ:…
RealtyTrac’s foreclosure report for the first half of this year contains mostly bad news. The worst of it came from the states that already have suffered the most. And, based on the data, that…
U.S. foreclosures rise for the second straight month. (Reuters) Twitter’s ad business may have hurt new product development. (Reuters) Peugeot will cut 8,000 jobs. (WSJ) SUPERVALU (NYSE: SVU) puts itself up for sale. (WSJ)…
There are more rumors — or news, based on the credibility of the reports — that Amazon.com (NASDAQ: AMZN) has signed up suppliers in Asia to build a smartphone. The device would compete with…
JCPenny’s (NYSE: JCP) problems get worse and worse. The retailer said it would cut 350 people at its headquarters, which barely scratches the surface of its cost problems, nor altars a trend that caused…
Spain has decided the only way to tackle its budget deficit is via extremely sharp expense cuts coupled with a more modest move to increase taxes. Prime Minister Mariano Rajoy says his government will…
Spain has decided the only way to tackle its budget deficit is via extremely sharp expense cuts coupled with a more modest move to increase taxes. Prime Minister Mariano Rajoy says his government will reduce spending by…
U.S. car companies cannot rely on Europe for profits. As a matter of fact, poor demand has caused losses in the region for General Motors (NYSE: GM) and Ford (NYSE: F). In a perverse…
Italy may turn to the eurozone as it weighs options for its debt. (Reuters) AMR, still in Chapter 11, will consider mergers with other airlines, which could include US Airways (NYSE: LCC), JetBlue (NASDAQ: JBLU), Alaska…