Four market markers involved in the Facebook (NASDAQ: FB) IPO lose $100 million combined. (Reuters) EU concerns push the euro to close to a two-year low. (Reuters) Goldman Sachs (NYSE: GS) will invest $40…
Comcast’s (NASDAQ: CMCSA) NBCUniversal operations is in talks with Microsoft (NASDAQ: MSFT) to takeover the part of MSNBC.com which it does not already own. The rumor was reported in Adweek.Microsoft may not want to…
The wildly successful Samsung Galaxy S 3 will be available in the US starting on June 1. But, the first wave of handsets will not be sold by carriers. Amazon.com (NASDAQ: AMZN) will sell…
For some reason, Yahoo! (NASDAQ: YHOO) wants to be in the crowded web browser sector. Its new product is called “Axis”. It is meant to compete with Apple’s (NASDAQ: AAPL) iPhone, iPad and iPod Touch…
Toyota (NYSE: TM) announced it would move more aggressively into emerging markets. The WSJ reports that Toyota, Japan’s biggest car maker by volume, plans to sell more than 1 million subcompacts in more than…
Tim Cook, Apple’s (NASDAQ: AAPL) CEO, must think the hundreds of millions of dollars in compensation he has earned since taking the chief executive position is enough. He will forgo dividend payments Apple gives to…
Updated throughout the day on the 24/7 Wall St.Wire Capital Research & Management was warned about revenue expense cuts at Facebook before its IPO (WSJ) China’s CIC may make a $2 billion investment in…
Oil has hit an extraordinarily low price, below $90 a barrel for WTI crude. That is the lowest level since October. It shows no inclination to spike back up. PMI data from Europe and China actually may depress…
Martha Stewart has become chairman of Martha Stewart Living Omnimedia (NYSE: MSO), the company she founded. Legal trouble had kept her off the board. Now, after a stint as a director, she has moved into…
T-Mobile, the fourth-largest wireless company in the United States, needs a buyer, not a partner. However, the chances that a buyer will materialized are unlikely, and even parent Deutsche Telekom admits it. DT’s CEO…
Early this morning, HSBC said its China Purchasing Managers’ Index in May slipped to 48.7, lower than expected. Later in the day, there was evidence of a sharp slowdown in the German economy. The Ifo Business…
Costco (NASDAQ: COST) continues its extraordinary run as the most successful big box retailer. Its “club membership” system has bettered the more traditional store operations of Wal-Mart (NYSE: WMT) and Target (NYSE: TGT). Net…
Many members of the EU want Greece to remain a member but have begun to prepare for its departure. (Reuters) Hewlett-Packard (NYSE: HPQ) posts better-than-expected earnings and says it will fire 27,000 people. (Reuters)…
courtesy Facebook Inc.The debate over whether some large investors were warned about a revenue downgrade of Facebook (NASDAQ: FB) continues. Several media have carried stories about Morgan Stanley (NYSE: MS) and Goldman Sachs (NYSE:…
A quick review of the 25 largest US IPOs ever shows how badly Facebook (NASDAQ: FB) has done in early trading. Most of the company’s on the list have tremendous revenue, traditional business plans which…
Oil has hit an extraordinarily low price, below $90 for WTI crude. That is the lowest level since October. It shows no inclination to spike back up. PMI data from Europe and China may…
China’s PMI is not a bad marker for global economic activity. That being said, a key measure of it, issued by HSBC, showed a rapid contraction in May. The HSBC Purchasing Managers’ Index fell to…
The World Bank’s new “East Asia and Pacific Economic Update” forecasts that China’s GDP growth will only be 8.2% in 2012, which is a substantial come down for a nation that has grown at or…
The California State Teachers’ Retirement System (CalSTRS), by many measures the second largest pension in the United States, has taken the advice of and has joined proxy advisory firms ISS and Glass Lewis in an effort…
The Congressional Budget Office reports that the U.S. economy could nosedive in the first half of 2013 — unless Congress and the White House keep taxes low and do not cut federal spending too much.…