Voters in Greece and France turn away from German austerity measures set for the region’s weakest nations. (Reuters) AT&T (NYSE: T) moves into the home monitoring market. (Reuters) Ally Financial falls back into financial…
Barclays, the UK based bank, has decided to move into the US online bank business. The move is a mystery given the competition from American banks, brokers, and financial advisors. Barclays believes that the…
The US government will cut its stake in AIG (NYSE: AIG), again. It plans to take its total piece of the company down to 63%. The cost of the bailout to taxpayers have been…
The widely followed Lundberg Survey showed that gas prices fell 6.75 cents to $3.8452 a gallon for the average price of regular based on national samples. The data for was the period which ended…
France and Greece are not the only nations in which the forces of austerity suffered a setback. The party of Angela Merkel, the champion of government cost cuts across Europe, gave up ground in local…
Fears that new leaders in France and Greece will repudiate austerity and urge other nations in Europe to do so as well pushed Asian stocks deeply lower. The Nikkei fell 2.78% to 9,119 as…
It may be about time Budweiser relinquished its title as “King of Beers.” According to the recently released 2012 Harris Poll EquiTrend Rankings, there is a new batch of brews with stronger brand equity,…
Austerity programs for the region’s weakest economies firmly in place, IMF chief Christine LaGarde and Germany leader Angela Merkel should have been able to spend their summers on vacation. Europe’s financial reputation had been restored by a…
Just hours after it became clear that the parties that have ruled Greece for years were largely repudiated for their supports of austerity, Nicolas Sarkozy, who supported austerity measures in France has been voted out…
Markets may open down across Asia, and then Europe and the US as minority parties appear to have made major gains in Greek elections. The coalition which has run Greece throughout its most recent financial disaster may…
Warren Buffett, CEO of Berkshire Hathaway (NYSE: BRK-A), during the firm’s annual meeting, claimed that he looked at a huge buyout recently, which would have cost $22 billion. Buffett says he did not make a deal because he…
David W. Kenny is Yahoo!’s (NASDAQ: YHOO) most important director now. He serves on the Nominating and Corporate Governance Committee. One of the charters of the committee is developing and recommending to the Board a…
Updated throughout the day on the 24/7 Wall St. Wire. Micron is the likely winner in bidding for Elpida Memory (Reuters) BMW and Hyundai will have a joint engine development program (Reuters) Bank of…
Yesterday, online real estate site Trulia released rental data for the 100 largest housing markets in the country. The report showed that while home prices have increased slightly in the past year, rent prices…
The new Samsung Galaxy S III is a better smartphone than the Apple (NASDAQ: AAPL) iPhone. Until a few days ago, the iPhone had no single worthy rival. Could that really change in less than…
The Greek government stabilized when the nation’s long-time prime minister, George Papandreou, resigned last November. His father and grandfather had held the same position. He broke the dynasty to save Greece from financial default, it was…
The focus of the Facebook IPO turned again to the wealth of founder Mark Zuckerberg. The issue is so much more important than the company itself, or its new investors, that Bloomberg reported Zuckerberg will…
Investors were skeptical when Scott Thompson became Yahoo!’s (NASDAQ: YHOO) new chief executive. He was nothing more than an e-commerce expert who had run eBay’s (NASDAQ: EBAY) PayPal unit. He had no credentials in search…
Facebook sets its IPO to raise more than $10 billion. (Reuters) The California State Teachers’ Retirement System (CalSTRS) files suit against Walmart (NYSE: WMT) over bribery allegations in Mexico. (Reuters) Greek elections could reverse…
Gasoline prices have stopped falling, at least for a day. The AAA Fuel Gauge report showed the cost for a gallon of regular based on the national average was $3.802. That is statically flat…