The Chesapeake Energy (NYSE: CHK) board has gone so far as to strip CEO Aubrey K. McClendon of his role as chairman. Its members say they will change McClendon’s controversial compensation plan, which gives him a stake in some of Chesapeake’s…
NokiaA merger between Nokia (NYSE: NOK) and Research In Motion (NASDAQ: RIMM) will never happen. RIM’s BlackBerry runs its own operating system. Nokia has an alliance with Microsoft (NASDAQ: MSFT) to run its Windows mobile OS.…
Jim Cramer, one of the founders of The Street (NASDAQ: TST), recently said the company is in turmoil. The firm, best known for its online financial site, has just replaced its CEO and its…
The government of Spain got lucky. It planned to raise over 2 billion euros in debt. The amount sold was more than that — 2.5 billion. The international capital markets ignored Spain’s high unemployment…
The European Central Bank will not act to help growth in the region, but it will seek solutions to Spain’s problems. (Reuters) Nokia (NYSE: NOK) promises to build new handsets to stimulate demand. (Reuters)…
April car sales data are out, and they are not cause for celebration. Though sales are up 2% overall from last April, they have cooled somewhat since the February and March run. There are a…
President Obama promised that new programs would provide 110,000 jobs for inner city youngsters this summer. The jobs will be added because of funds put through local programs in Philadelphia, Chicago, and San Francisco.…
The improbable recovery of Chrysler continues, just three years after a government supported Chapter 11. Most analysts believed that Chrysler would never have the funds to launch enough new vehicles to compete with larger…
Nouriel Roubini has come up with a new reason for concern that the global economy will come close to collapse next year. He told an audience at Milken Institute Global Conference that a military…
The government of Spain got lucky. The international capital markets ignored its high unemployment and recession. And, maybe Spain’s banks and other financial institutions interested in the survival of the country were aggressive buyers.…
It is not unusual for large American public companies to be controlled by a founder, a founding family or a corporation that bought out the large majority of shareholders at some time in the…
Several CEOs and founders of well-known American companies have complete control over their companies. Through voting power, they control the boards and strategic decisions of these corporations. The best current example is Facebook, which…
nationsonline.orgThere was no good news out of Europe today, which makes it like most days over the past two months. On top of labor strikes due to austerity, changes in leadership of some countries…
The Dow Jones Industrial Average has reached a four-year high and has started to close in on its highest level ever. The index would only have to rise at its current rate to breach…
Data released last week showed that Samsung passed Nokia (NYSE: NOK) as the top handset maker in the world. Just as impressive, in the high-end smartphone sector, Samsung moved ahead of Apple (NASDAQ: AAPL).…
There are rumors that the Facebook “roadshow” to present the company’s prospects to investors will begin this week and that the initial public offering of the social network will come before month’s end. None…
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…