Updated throughout the day on the 24/7 Wall St. Wire Russia’s Rosneft and Exxon Mobil will set a global strategic alliance (Reuters) Several large US banks have told the Fed that mandate cuts in…
Samsung says it will release the third generation of its flagship. It will be called the Galaxy S. That is a bit like the Apple (NASDAQ: AAPL) iPhone 4S, at least the way it…
Major media cannot agree on something as simple and critical as what the highest paid CEOs in America made last year. Most of the data come from proxies filed with the SEC. Much of…
Exxon Mobil (NYSE: XOM), America’s largest oil company, and Rosneft, the Russian state owned oil company, are set to announced an alliance. Rosneft will have access to some of Exxon’s projects near the Arctic and in…
Long-term care for seniors is of increasing concern in the United States as baby boomers begin to retire. Genworth (NYSE: GNW), a leading provider of long-term health insurance, has released its ninth annual report…
nationsonline.orgA number of Europe’s leaders made a mistake when they created the firewall meant to stave off concerns about the region’s sovereign debt. They believed that a set of funds that totaled about $1…
Google (NASDAQ: GOOG) released its open source operating system in September 2008. It is too bad Google’s patent counsel did not look more carefully at whether the software violated patents and the copyrights of other companies. It…
New research from Pew shows that about 20% of Americans do not use the Internet. It usually has been assumed that these Americans are poor or old enough that Internet adoption was not part of…
The prices that Spain has to pay for debt continue to race higher. The level, now more than 6% for 10-year notes, cannot be sustained if the nation is to balance its budget. The…
Concerns about Spain and Italy renew capital markets’ rejection of area debt. (Reuters) Best Buy (NYSE: BBY) will have to bring in an outsider to change the company’s old philosophy. (Reuters) The Treasury lauds…
A number of cities’ residents breathed a sigh of relief as they found out that they would not face a shuttering of their local Best Buy (NYSE: BBY) stores. The electronics retailer released the…
The prices that Spain has to pay for debt continues to race higher. The level, now over 6% for 10-year notes, cannot be sustained if the nation is to lower its deficit. The pressures of…
Treasury Secretary Timothy Geithner told the hosts of ABC’s “This Week” that US consumers will be able to handle high gasoline prices without a large disruption in their household budgets. His comments represent a…
The new stability if gas prices continues after months of rises which have brought the cost of an average gallon of regular nationwide to near record levels. The AAA Fuel Gauge shows the price…
Fed Governor Sarah Bloom Raskin gave a speech in Los Angeles recently. Her tone and the content of her comments show she is even more pessimistic about the rate of U.S. recovery than her…
Google (NASDAQ: GOOG) announced it will propose to shareholders that it have a new share structure. Many investors believe the proposal favors the power of the founders too much. Those investors can sell their shares, if they…
A recession in the United States is defined as two consecutive quarters in which gross domestic product falls. A Chinese recession could be very different, considering the nation’s recent traditional growth rate. In the first quarter,…
A common assumption is that young Americans spend so much time on their smartphones, the Internet and social sites that they have lost traditional access to independently produced information and hampered their interests in the…
The faltering American solar industry suffered another setback. BrightSource Energy, a solar power-plant developer, killed its initial public offering at the last minute. The company was part of a project that got $1.6 billion…
Google (NASDAQ: GOOG) splits its stock in a way that will help its founders keep control, and the company also announces strong earnings. (Reuters) China’s GDP reaches a three-year low. (Reuters) Bank of America (NYSE:…