The new Apple (NASDAQ: AAPL) iPad may give off much more heat that its predecessors. (Reuters) JP Morgan (NYSE: JPM) will buy 19.9% of Chinese company Bridge Trust. (Reuters) Strong sales of software helps…
Microsoft (NASDAQ: MSFT) told many of its employees that they cannot use Apple (NASDAQ: AAPL) iPads and iPhones. Given the level of competition between the two companies, the action should be expected. But, members…
Japan is the latest major importer of Iranian oil to put pressure on the nation which faces sanctions because of its nuclear programs. Leaders of the country with the third largest economy in the…
Fed chief Bernanke’s worries about the eurozone financial crisis have not ended, based on comments he will make before the Committee on Government Oversight and Reform of the U.S. House of Representatives. Bernanke says that one-fifth of US…
The new Apple (NASDAQ: AAPL) iPad has mechanical and data consumption problems. So far they have not dented the pace of the sales of the iPad which reached three million units in first four days it…
Sears Holdings (NASDAQ: SHLD) has done a remarkably poor job as a retailer since Sears and KMart merged. The company has suffered such poor results that it has begun to close stores. It has not…
The movie seemed promising to Walt Disney. “John Carter” a film about a Civil War vet who shows up on Mars cost about $250 million to produce. It is nearly impossible to see what…
Every investment bank wanted the prestige of being an underwriter of the Facebook IPO, which may be among the largest in history. Be careful what you which for. Reuters reports that the banks will get…
China does not need to depend on the free market to set gas prices. It can largely determine what its drivers and businesses pay for gas and diesel. The U.S., on the other hand,…
Rosie O’Donnell’s show on Oprah Winfrey’s OWN was supposed to the a keystone of the network’s ratings. Instead, it bombed and its audience finally settled at barely 250,000 people. The show recently was cancelled. There…
The single greatest criticism of Microsoft (NASDAQ: MSFT) CEO Steven Ballmer is that the company’s shares have not gained during his tenure as head of the company. The attack is not entirely fair. The…
The credit part of the recession is not over — for General Electric (NYSE: GE) at least. Moody’s says it may downgrade its rating of the conglomerate and part of its financial services operations — General Electric…
Goldman Sachs (NYSE: GS) begins staff cuts as part of an annual review process. (Reuters) The Obama Administration is expected to help U.S. solar panel makers in a trade war with China. (Reuters) The…
Another day, another increase in gas price. By most counts, this is the eleventh consecutive day in row. The average price of a gallon of regular nationwide rose to $3.846 from $3.842 the say…
The fall-out of a weak year among Wall St. firms is not over. Many suffered because the government forced them out of highly profitable proprietary trading operations. Others watched lucrative investment banking sales drop.…
Treasury Secretary Tim Geithner will caution austerity measures taken by, or perhaps forced on, many European nations could undermine any recovery there. In comments to the House Financial Services Committee, he will say “If every…
For GE (NYSE: GE), the credit crisis part of the recession may not be over. Moody’s reports it could downgrade the rating of the conglomerate and part of its financial services operations–General Electric Capital Corporation–from…
As the economy struggles to recover, state and federal budget deficits continue to be the subject of increased attention. Just last week, the congressional budget office said that President Obama’s budget will produce a…
There has been a guessing game going on among analysts since the new iPad launched on March 16. How many were sold? Experts watched lines at stores and counted units sold at Apple (NASDAQ: AAPL) retail…
The price of crude oil reached an all-time high of $147.30 in July 2008. Many analysts believe it will reach that level again this summer. If oil does hit $140 or better again, how long…