Editor’s Note: The New York Times reports that one of TIME, Inc.’s big three weeklies, which include TIME, People, and Sports Illustrated, will lay off a number of employees. According to NYT.com, the lay-offs…
Costco (NASDAQ: COST) continues to be the cream of big box retailers. May sales were up 7% to $7.67 billion. Same store sales were up 6%. Costco is not as large as either Wal-Mart…
Brent crude traded as low as $104, down from closer to $120 just three months ago. The drop should continue based on data about the faltering economies of India and Brazil. Most analysts claim…
The deification of Apple (NASDAQ: AAPL) founder Steve Jobs continued at the D: All Things Digital conference. Oracle (NASDAQ: ORCL) CEO Larry Ellison, nearly a god himself in Silicon Valley, compared Jobs to Pablo…
James Gorman, the CEO of Morgan Stanley (NYSE: MS), went on the record to say his firm’s behavior was perfects as it lead the IPO of Facebook (NASDAQ: FB). Morgan Stanley followed all of…
The U.S. ranked second in another nonsense-based rank of the competitiveness of major nations. This survey was done by Swiss-based business school IMD. The research gives the school a tiny bit of publicity each year. The school…
Unemployment in urban areas improved in most U.S. cities during April. Joblessness fell in 356 of the 372 largest U.S. metro areas, according to the Labor Department. Figures in most states improved as well. The worst…
All real estate is local. The foreclosure rates in some states have dropped back near 2007 levels. In others they remain so high that prices, effected by low price foreclosed inventory, will not recover…
The appointment of former politicians to large public companies’ boards is regularly called into question. Just recently, following the scandal at Chesapeake Energy (NYSE: CHK) when CEO Aubrey McClendon made investments in drilling projects…
Spain’s bond yields are no longer sustainable. Its government sold 10-year notes at 6.652%, up 19 basis points from the last auction. The deep financial troubles of its banks, a double-dip recession and unemployment…
The board and management of Research In Motion (NASDAQ: RIMM) apparently would like to sell the company. That will not happen. It is not a good fit with any of the potential buyers. RIM’s…
A number of things have happened to Chesapeake Energy (NYSE: CHK) since the disclosure that its CEO, Aubrey McClendon, took tens of millions of dollars of loans to invest side-by-side with his company in…
China’s Ministry of Commerce told the nation’s official news agency, Xinhua, that the People’s Republic will be the country with the most online retail volume in the world by 2013. U.S. e-commerce companies do not have…
As the European Union sets financial and policy goals, the fate of Spain will be high on the list. (Reuters) Facebook (NASDAQ: FB) shares fall almost 10% as its investment value hits more resistance.…
Facebook (NASDAQ: FB) shares fell another 10% to under $29 and are off almost a quarter from their IPO price. That IPO is surrounded by scandal which ranges from glitches in the Nasdaq (NASDAQ:…
New Apple (NASDAQ: AAPL) CEO Tim Cook was interviewed at the AllThingsD conference. He said that Apple was looking carefully at the TV market. Beyond that, he spoke a great deal, but said very…
Spain’s bond yields are no longer sustainable. Its government sold 10-year notes at 6.652%, up 19 basis points from the last auction.The deep financial troubles of its banks, a double dip recession, and unemployment…
Most comment about the new S&P/Case-Shiller data is that it showed housing trends which were bad. The national index dropped 2% for the fourth quarter to the first and all three headline composites ended…
The perception that the large banks in Europe could present as much of a financial problem as the debt of sovereign nations does has grown rapidly. Spain’s bailout of Bankia will cost more than $23…
Some vehicles can survive car crashes and protect the occupants much better than others. To find out which motor vehicles perform best and which the worst, nonprofit group Insurance Institute for Highway Safety performed crash tests.…