In another sign of the trouble that has nearly brought down the Spanish bank system, the country’s banks borrowed 326.4 billion euros from the European Central Bank last month, the Bank of Spain reported.…
The best countries for entrepreneurs do not necessarily have the biggest economies. In fact, based on a new report by the Organization for Economic Co-operation and Development, four of the 10 best countries for…
All real estate problems are local. RealtyTrac reported that foreclosure starts in May rose for the first time since January 2010. What the report mentioned, but did not highlight, is that states with massive…
For most Americans, even those with work, the job market has not made any progress in nearly a year. The U.S. economy has added fewer than 150,000 positions in most months over that time.…
Dell (NASDAQ: DELL) and Barnes & Noble (NYSE: BKS) each made what they considered important announcements yesterday. Neither piece of news addressed the core problems each company faces, which is that they have lost…
Nokia (NYSE: NOK) to lay off 10,000 people. (Reuters) RealtyTrac reports foreclosures rise for the first time in 27 months. (Reuters) China may cut rates rather than press stimulus. (Reuters) A number of new…
Twitter has set a group of alliances to make the use of video on the micro-blogging site more prevalent. It is not clear how this will make the company money. Critics still believe that…
Oil remained near an eight-month low, ahead of a meeting of OPEC ministers. The market continues to gamble that Saudi Arabia, the most powerful member of the cartel, will prevail in its plan to…
In another sign of the trouble that has nearly brought down the Spanish bank system, the countries banks borrowed 326.4 billion euros from the ECB last month, the Bank of Spain reported. Spain is…
NokiaWhat CEO Stephen Elop called Nokia’s (NYSE: NOK) “burning platform” just got much smaller. He described Nokia with that analogy immediately after he joined Nokia just over a year ago. The company will fire 10,000…
Already crippled by serial downgrades of its sovereign paper, an unemployment rate of 25%, a national economy that has slipped into its second recession in five years, and a sullen and mutinous population, Spain…
Updated throughout the day on the 24/7 Wall St. Wire. The Justice Department is examining whether large cable companies restrict the distribution of online video. Comcast (NASDAQ: CMCSA) and Time Warner (NYSE: TWC) have been…
Leading business TV network CNBC, which is controlled by Comcast (NASDAQ: CMCSA), and Yahoo! Finance, one of the most successful parts of the Yahoo!’s (NASDAQ: YHOO) content operations, will join forces in an attempt to form a business and…
GM’s (NYSE: GM) CEO Dan Akerson used the car company’s annual meeting to make several senseless comments. The first was that politician in Washington will need to end gridlock about how the government should…
The replacement of the Chesapeake Energy (NYSE: CHK) board members continued rapidly. Board member Donald L. Nickles, a former US Senator from Oklahoma–the energy company’s home state–said the board is close to naming a…
Italy has been sucked further into the sovereign debt crisis because international capital markets investors believe it is the next Spain–unable to sustain its debt and reign in its deficit. Evidence of investor caution…
Members of the Chesapeake Energy (NYSE: CHK) board are close to picking a new chairman. (Reuters) Apple’s (NASDAQ: AAPL) lack of success blocking rivals in court and the slow introduction of the iPhone 5 could…
The amount of time the nation’s criminals spend in prison has risen steadily for two decades. In 2009, the average released prisoner had served just shy of three years, a 36% increase from 1990.…
India remains in the Dark Ages among developing nations largely because of its culture and its broken political system. It might be the next China, with its huge population and rapid GDP growth, but the…
Tiger Woods could win the U.S. Open this weekend and complete the comeback that may move him back into the spot as the world’s number one golfer, a position he held for years. Some of the…