The International Labour Organization (ILO) reports that, in addition to the 3.5 million lost jobs in Europe that have not been replaced since the recession began, another 4.5 million are at risk. The region…
China’s economic situation has become troubled enough that analysts have begun to consider it a second-rate nation in terms of growth. Just a year ago, that analysis would have been impossible to support. As…
AMR filed for Chapter 11 more than seven months ago. Management had harbored hope that the company and its American Airlines operations could emerge as independent operations. AMR has decided to admit that the plan…
Flickr, Images of MoneyThe services of real estate agents can be invaluable, but it seems that most sellers know how to sell their homes. And when it comes to home improvements before putting their…
It must be nice to be a founder. Despite a horrible performance, both financially and for shareholders, Martha Stewart was given a contract extension to act as founder and chief creative officer through June 30, 2017.…
Updated throughout the day on the 24/7 Wall St. Wire Google (NASDAQ: GOOG) will pay $22.5 million to settle FTC privacy charges (WSJ) John Paulson’s hedge fund posted huge losses last month (Bloomberg) Douglas…
Gasoline prices have began to fall again, roughly following the price of oil as usual. The AAA Fuel Gauge showed the average price for a gallon of regular nationwide was $3.381 yesterday, compared to…
Back in the United States, stock markets continue a retreat. The indexes have fallen for most of the past 10 trading days on a slow American economic recovery, as well as concerns about a…
A report on UK production for May offered a misleading signal. Data from the Office of National Statistics showed that: Production rose by 1.0 per cent between April 2012 and May 2012, with manufacturing…
Getting bailout money from the Eurogroup is very difficult — until it suddenly is not. Because the body has become so concerned about the financial situation of Spain and its banks, the nation quickly will…
NokiaNokia’s (NYSE: NOK) shares have fallen so low that some investors and analysts of the handset industry believe the Finnish firm has reached the brink of bankruptcy. The company’s stock has fallen from $40…
The world’s largest companies have never had a reputation for showering investors with information about their financial situations and operations. The rules that might make them do so are too lax. Government authorities largely have…
A report on UK production for May offered a misleading signal. Data from the Office of National Statistics showed that: Production rose by 1.0 per cent between April 2012 and May 2012, with manufacturing…
Intel (NASDAQ: INTC) invests in next-generation chip company ASML (NASDAQ: ASML). (Reuters) The Federal Reserve Bank of New York may have known in 2007 that the way Libor was set was incorrect. (Reuters) The European…
China’s import levels collapsed in June. The data are another sign that raw materials needed for factories have dropped sharply due to lower demand, especially in Europe. China’s PMI was weak in the most…
Patriot Coal’s (NYSE: PCX) share price dropped by 95% from its 52-week high recently and then gyrated wildly on worry that the company could continue as a going concern. The riddle about Patriot Coal’s future…
Some wireless companies oppose the use of their networks as a means to make political contributions. (Reuters) Chinese inflation falls as the nation’s economy cools. (Reuters) The push to put together a European banking unit…
The display advertising industry, shaken by the falling prices it can get for its online ads, has taken to showing full-page marketing messages at websites. These blot out all of the content on website pages, some of…
As business comes to rely increasingly on computers and software, the IT industry should be flourishing. Yet, it is not. Fear of a slowdown in economies around the world has almost halted the growth of…