China’s inflation rose to 3.6% in March, mostly because of food prices. A number of economists said the move was an anomaly. That is only true if food supplies stabilize, which is by no…
Sony (NYSE: SNE) to fire 10,000 people as its tries to improve its long-term profit growth. (Nikkei) The number of U.S. public jobs continues to fall along with tax receipts. (Reuters) Iraq says political…
Bloomin’ Brands, the owner of Outback Steakhouse, will try to raise $300 million through an IPO. The deal may succeed although the company’s other brands are hardly known–Carrabba’s Italian Grill, Bonefish Grill, Fleming’s Prime…
There is more speculation about the release of the new Apple (NASDAQ: AAPL) iPhone 5 than about who will win the presidential election. Both may be settled at about the same time. Companies which…
Companies will begin to release first quarter results this week. S&P says it expects a sharp slowdown in earnings improvements among the S&P 500. This, in turn, could knock the stock market advance off…
Spain’s Economy Minister Luis de Guindos told Frankfurter Allegemeine Zeitung that his nation will be able to make its budget targets. His government has already implemented huge austerity measures, most of them which have angered Spain’s powerful…
Gas prices have finally stopped their relentless, daily rise. The AAA Fuel Gauge figure for a gallon of regular based on a nationwide average was $3.932 yesterday, down a tick from the prior day’s…
The US economy added only 120,000 jobs in March–a huge disappointment. Most consensus forecasts were for 210,000. There had been a concern that improved hiring over the last five months would need to pause.…
The United States is often compared to other countries when it comes to health care. Among developed countries, we spend more than any other nation, while Americans remain relatively unhealthy. But what about within…
The press covered the decision by Facebook to list on Nasdaq rather than the NYSE (NYSE: NYX) as if a real contest existed between the two exchanges. Facebook could not have done otherwise if it…
The world’s poorest nations no longer get the level of aid from the West that they did. The recession undermined that aid, which means troubled small countries will fall more deeply into economic stagnation…
Also in the world of smartphones and consumer electronics, Samsung said it expects a record first quarter profit of $5.15 billion. It gives most of the create to sales of its handsets and tablets.…
China recently was the most attractive car and light truck market in the world. The Asian nation’s vehicle sales are nearly 18 million a year now, ahead of the second-largest market — the U.S.…
Several media sources report that Microsoft (NASDAQ: MSFT) has given app developers financial incentives to create software for its Windows mobile OS. The operating system, combined with phones from Nokia (NYSE: NOK) are the…
JCPenney (NYSE: JCP) will cut 900 jobs at its headquarters, which is about 13% of the total. New CEO Ron Johnson, formerly of Apple (NASDAQ: AAPL), claims this will turn the crippled retailer into…
Spain’s political leaders will present EU budget directors with its plan to comply with new austerity measures. It needs to hurry the process. Spain’s bond yields have risen to unsustainable levels as capital markets…
A federal judge approves a $25 billion mortgage misconduct settlement between the federal and several state governments and Bank of America (NYSE: BAC), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC), JP Morgan (NYSE: JPM), and…
JC Penney (NYSE: JCP) will cut 900 jobs at its headquarters, which is about 13% of the total. New CEO Ron Johnson, formerly of Apple (NASDAQ: AAPL) claims this will make the crippled retailer…
Americans love chocolate. Apparently, Easter Week is one of the most popular times of the year to indulge. Nearly 71 million pounds of chocolate candy are sold in the week leading up to Easter,…
Investors have plenty of reasons to want disoriented Best Buy (NYSE: BBY) CEO Brian J. Dunn to be dismissed. Dunn has lost his way as he tries to find a path to compete online with firms like…