New interim CEO of Yahoo! (NASDAQ: YHOO), Ross Levinsohn, needs to make his mark quickly. After firing 2,000 people, his predecessor had plans to move the Internet portal into e-commerce, a business Scott Thompson…
Maybe Jamie Dimon CEO of JP Morgan (NYSE: JPM) did a long-time colleague a favor. Ina Drew, the CIO of the bank, “retired” today. She ran the unit of the financial firm responsible for the…
The DJIA is off over 100 points, 136 points, to 12,686. The NASDAQ and S&P 500 are off by similar percentages. The carnage is particularly severe in a few sectors. News that JP Morgan…
Former CEO of Best Buy (NYSE: BBY) Brian Dunn has an inappropriate relationship with a female employee and lost his job. The market expected that. The bomb shell about the incident surrounding Dunn was that Chairman and…
Coalition talks in Greece have broken down and are not likely to resume. This means new elections are almost inevitable. That will delay the ability of the European Union and IMF to know what…
24/7 Wall St. asked CoreBrand to identify America’s hottest brands. We wanted to know the biggest brands that were the best known and most well regarded. Read: America’s Hottest Brands Generally, most brand analysis…
Now that Scott Thompson is out as CEO of Yahoo! (NASDAQ: YHOO) and Ross Levinsohn is in as interim chief executive, the newly constituted board needs to keep its new leader. Levinsohn, the most…
nationsonline.orgOne reason the United States remained active in the politics and war in Southeast Asia in the 1960s was the so-called domino theory: if one nation in the region fell to communism, it was…
It may only take a few weeks to find out how many senior executives at America’s large public companies have misleading claims in their resumes. There have to be some. The backgrounds of the top five or…
Several senior JP Morgan (NYSE: JPM) executives will leave the bank in the wake of its $2 billion trading loss. (Reuters) Yahoo! (NASDAQ: YHOO) ex-CEO Scott Thompson has thyroid cancer. (WSJ) Greece will have elections…
Avon Products (NYSE: AVP) said it will take a week to decide whether it will negotiate a new, sweetened deal from Coty. Coty has just gotten financial support from Warren Buffett’s Berkshire Hathaway (NYSE:…
The Walt Disney (NYSE: DIS) super-hero movie “The Avengers” was the top grossing movie at the US box office this weekend. The same was true in many other countries. Estimates are that the film…
Futures for Brent crude continue to move closer to $100. Saudi Arabia’s oil minister said that the $100 level would be ideal for his nation’s finances, and, he believes those of the portion of…
Coalition talks in Greece have broken down and are not likely to be re-started. This means new elections is almost inevitable. This will delay the ability of the EU and IMF to know what…
The sell-off of equities in Europe has become frenzied, with most indexes down 2% and many stocks down by more than twice that amount. The fear of a regionwide fallout from a Greek default,…
Yahoo.comYahoo! (NASDAQ: YHOO) announced that embattled CEO Scott Thompson, who was caught lying about his resume just two weeks ago, has resigned. Ross Levinsohn was named interim chief executive officer. Fred Amoroso was named…
It is safe to assume that JP Morgan (NYSE: JPM) CEO Jamie Dimon will keep his job as CEO after the bank’s astonishing announcement that it had a trading loss of $2 billion, which could…
Its reputation, and Wall St.’s perception of its future in tatters, Chesapeake Energy (NYSE: CHK) secured a much need loan to prop up its short term balance sheet prospects. The firm announced that it…
A few hours after a Fitch downgrade, S&P said its outlook for JP Morgan (NYSE: JPM) has gone from “Stable” to “Negative” in the wake of a $2 billion loss on a series of…
In the midst of calls for JP Morgan (NYSE: JPM) CEO Jamie Dimon to step down, and new scrutiny over a $2 billion trading loss by agencies in the US and UK, Fitch downgraded the…