It appears more and more likely that concerns about the future of Greece will depress equity markets worldwide. Politicians in the country have not been able to set a coalition government, despite several efforts.…
Worries about whether Greece will remain in the European Union after its leaders failed to form a coalition caused shares in Asia to fall sharply. The Hang Seng dropped nearly 3.2% to 19,264. The Nikkei…
Whatever magic J.C. Penney (NYSE: JCP) CEO Ron Johnson brought with him when he moved to the aged retailer from the top store manager’s job at Apple (NASDAQ: AAPL) is gone. Actually, Wall St. figured there…
Rumors persist, most recently reported by Bloomberg, that Apple (NASDAQ: AAPL) will launch a new super-thin line of laptops. The latest version of the MacBook will be powered by Intel (NASDAQ: INTC) chips, a nice coup…
Updated throughout the day on the 24/7 Wall St. Wire Sony and Panasonic may built OLED TVs (Reuters) Apple will upgrade its iCloud service (WSJ) Apple will launch new MacBooks, thinner than earlier ones,…
Coty, which had made a $10.7 billion offer to buy Avon Products (NYSE: AVP), withdrew its bid. It said the the Avon board had failed to react to its offer by a Monday deadline.…
Many Americans, and some politicians, have attacked the boards of major U.S. corporations for paying their CEOs too much, not holding management to tough earnings goals and lining their own pockets with rich payments…
Most stock markets around the world moved higher as the Federal Statistics Office (Destatis) said gross domestic product in Germany rose 0.5% in the first quarter from the last quarter of 2011. Compared to the…
The president of Greece cannot create a coalition government. (Reuters) Sony (NYSE: SNE) and Panasonic may force a partnership to build OLED TVs. (Reuters) Trouble at Chesapeake Energy (NYSE: CHK) may prompt low-ball bids…
Customer satisfaction with wireless subscriber companies steadied last quarter according to the widely followed American Customer Satisfaction Index. On a scale on which 100 is the best score, AT&T (NYSE: T) posted a 69,…
The price of Facebook’s IPO is likely to be between $34 and $38. That is above the previous forecast level of $28 to $35. Of course, this means that demand for the share has…
The California Public Employees’ Retirement System (CalPERS) remarked that it will pressure the JP Morgan (NYSE: JPM) board to split the CEO and chairman roles to water down the power of long-time leader Jamie…
There are persistent rumors, most recently reported by Bloomberg, that Apple (NASDAQ: AAPL) will launch a new super-thin line of laptops–the latest version of the MacBook. The machine will be powered by Intel (NASDAQ:…
The Federal Statistics Office of Germany said that GDP there rose 0.5% compared to the final quarter of 2011, a rate that was unexpectedly strong. Given the recessionary state of much of the balance…
As many lawyers and corporate governance experts expected, Scott Thompson left Yahoo! (NASDAQ: YHOO) without any severance benefits. It was widely believed that the misleading parts of his resume and the fact that these…
Airlines as a group had their best on time arrival performance in the first quarter since the Transportation Department began to collect data in 1995. The news was particularly good for customers of the…
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…