Moody’s warns that Japan’s finances will be hurt if it cannot get acceptance of a new sales tax. (Reuters) New Chinese factory data indicate that the industry’s activity may have bottomed. (Reuters) Chesapeake Energy…
Aubrey K. McClendon, the CEO of Chesapeake Energy (NYSE: CHK), was punished for transactions which allowed him to invest in every well the company drilled. The firm’s board did not care about the arrangement…
Toyota (NYSE: TM) has finally started its US sales comeback, after over a year of shocking volume drops due mostly to the Japanese earthquake and low supplies of parts. The sales levels of many…
The DJIA reached the level where it last was at the end of 2007, the year when the index peaked. At the close, the Dow was 13,279.32. Its all-time high of 14,164.53 was set…
There are rumors that the Facebook “roadshow” to present the company’s prospects to investors will begin this week and that the IPO of the social network will come before month’s end. None of the…
The rolling ride created by housing news took a turn up. Corelogic reported a drop in foreclosures in March. Unlike data from many other research firms, the Corelogic information is only a month old and therefore has…
Canaccord maintains its buy rating on Hologic (NASDAQ: HOLX) after it announced a buyout of Gen-Probe for $3.7. Canaccord also reiterated its buy rating on Watson Pharmaceuticals (WPI: NYSE) Goldman Sachs upgraded Community Health Systems (NYSE: CYH) to…
The House of Commons Culture, Media and Sport Committee issued its report of the phone hacking scandal at News Crop The report was particularly hard on CEO Rupert Murdoch and his son James. Jame is…
Some 2.3 million American children, or 3% of them, lost their homes during the recession, according to a recent report. An additional 3 million children are at risk of losing their homes as their…
Microsoft’s (NASDAQ: MSFT) decision to invest in the e-commerce arm of Barnes & Noble (NYSE: BKS) will do nearly nothing for the bricks-and-mortar book company. The challenge the two companies face has little to…
China’s central government statistics agency said the country’s purchasing managers index rose to 53.3 from a reading of 53.1 in March. The figure could signal an expansion, but only an extremely modest one. The press…
Caterpillar (NYSE: CAT) faces a relatively small strike at its Joliet, Ill., plant. The members of the International Association of Machinists and Aerospace Workers will walk out when their six-year contract expires. The strike shows the…
China’s PMI rises to a 13-month high. (Reuters) BP (NYSE: BP) profits fall as it sells some assets to pay for the Gulf spill. (Reuters) New York state pension funds vote against five Walmart (NYSE:…
Germany continued its lonely quest for austerity as the key to the repair of EU finances. The position might not mean much if the region’s largest economy were not the cornerstone of bailout capital.…
BP’s (NYSE: BP) profits fell as it continues to struggle with the Deepwater Horizon catastrophe. The incident and subsequent oil spill may cost the UK company as much as $20 billion in settlements with…
The Wall Street Journal reported a rumor that Bank of America (NYSE: BAC) will cut as many as 2,000 jobs primarily at its investment bank and commercial units. If this happens it is another…
The S&P 500 was down slightly last month as was the NASDAQ. For each, it was the first drop since November. The DJIA rose a tiny amount which kept its multi-month rally alive. The…
BP’s (NYSE: BP) profits fell as it continues to struggle with the Deepwater Horizon catastrophe. The incident and subsequent oil spill may cost the UK company as much as $20 billion in settlements with private interests.…
The price of gold may be down this year, but over the past three it has nearly doubled. No wonder many Americans think it is a good investment. A large number think it is the best…
More and more Americans expect to rely on Social Security as they move into retirement. Based on government numbers, the agency will have trouble supporting them. Due to a need for Congress to show…