G8 leaders will seek solutions to the EU crisis. (Reuters) The Facebook IPO, priced at $38, will raise $16 billion. (Reuters) A new poll shows Greeks favor pro-bailout leaders who will keep the country…
The trend of never-ending executive changes at Yahoo! (NASDAQ: YHOO) continues. New interim CEO Ross Levinsohn fired some of the people predecessor Scott Thompson hires. The most notable of these worked with Thompson at…
Samsung’s launch of its new Galaxy III smartphone has begun to look like an Apple (NASDAQ: AAPL) iPhone event. Nine million of the model have been pre-ordered worldwide. The number is even more impressive…
Gas and oil prices continued to sell down on worry that the problems of Europe could spread across the world and tip many nations back into recession. The trouble in Europe has also put…
China property prices fell again last month in most of the 70 cities the National Bureau of Statistics measures. Forty six cities had drops, a trend which has gone on for months. It is…
A Moody’s downgrade of several banks in Spain smashed markets in Asia and Europe. The concerns that problems in Greece could spread to a much larger economy increased. Even with the new facility of nearly…
The debate over the state of the housing market continues to seesaw. RealtyTrac reported that April foreclosures fell again and are now back to July 2007 levels. But the research operation’s CEO Brandon Moore cautioned, “More…
There are a handful of theories about what will signal a bottom of the housing market. Perhaps an increase in prices or a drop in the supply of homes or the days that the…
Much of the recent news about the U.S. economy has been bad. The Federal Reserve made comments about the effect of the eurozone troubles on America. The stock markets have sold off for that, as…
Famous short-seller David Einhorn attacked Amazon.com (NASDAQ: AMZN) in a presentation recently. The company’s business model will not lead to consistent profits, he said. Therefore, the stock is overvalued. It is not hard to figure…
The European Central Bank no longer offers help to Greek banks it believes are insolvent. (Reuters) Some brokerage firms stop taking orders for Facebook shares. (Reuters) Japan’s gross domestic product rises 3.5% in the…
Verizon will begin to end its unlimited data plan for existing subscribers. As customers upgrade to super fast 4G LTE service, Verizon will use the opportunity to take away something many consumers thought was…
The situation in Greece will almost certainly drag on for another month. A caretaker government is about to take over ahead of June elections. Greece may say it cannot make a debt payment, the…
Japan’s surprisingly sharp rebound in GDP shows how resilient its economy can be despite years of growth which has been hobbled by a sort of stagflation, and more recently, the value of the yen.…
The debate over the state of the housing market continues to see-saw. RealtyTrac reported that April foreclosures fell again and are now back to July 2007 levels. But, the research operation’s CEO Brandon Moore…
Google (NASDAQ: GOOG) announced that it will launch “The Knowledge Graph,” which it describes as the “next generation of search.” This is only the case for users who are not happy with Google’s functions…
It appears increasingly likely that concerns about the future of Greece will depress equity markets worldwide. Politicians in the country have failed to set a coalition government, despite several efforts. The chance that Greece…
It is rare, but some new chief executives fail early — just after they begin their new jobs. That leaves boards with impossible decisions. How will the stock market react to the admission of a mistake?…
The European Automobile Manufacturers Association (ACEA) announced that April sales of cars and light trucks in the region were “6.9% less than in the same month of 2011.” That means only 1,017,912 new passenger cars were…
T-Mobile, the wireless operation of Deutsche Telekom, probably will never recover from a failed takeover bid by AT&T (NYSE: T). The FCC and the U.S. Department of Justice killed the deal, and all DT…