The U.S. will tap its Strategic Energy Reserve as a way to bring down gasoline prices. (Reuters) A large rise in iPad sales helps drive Apple’s (NASDAQ: AAPL) shares to new highs. (Reuters) The…
There continue to be rumors that the US and UK will release some of their strategic oil reserves to help relieve rising in gas and oil prices. Gas prices rose again yesterday to $3.831…
The period in which financial toxic assets where considered the most dangerous assets a bank could hold has ended. The Wall Street Journal reports that Goldman Sachs (NYSE: GS) and other banks will bid…
LightSquared, the 4G LTE wireless company largely bankrolled by hedge fund Harbinger Capital Partners which is run by infamous financier Philip Falcone, lost its final reasonable chance to stay in business. Its bid to…
JD Power released its smartphone and traditional handset customer satisfaction survey. For the seventh year in a row, Apple (NASDAQ: AAPL) rated in first place. A second part of the research looked at traditional…
The average older American living independently does not have the means to meet basic standards of living, according to a report published by Wider Opportunities for Women (WOW) and the Gerontology Institute at the…
There have been rumors in the media than President Obama and UK Prime Minister David Cameron may release strategic oil reserves — crude stored by the countries in the event of a supply disruption emergency.…
CIA World FactbookThe Indian government claims that Boeing (NYSE: BA) owes it $500 million for the late delivery of planes. The aircraft in question is the Boeing 787 Dreamliner, which was delayed at least five…
Flickr, Images of MoneyRealtyTrac released its monthly measures of foreclosure activity. Foreclosure filings dropped 8% from February of last year to 206,900. While the move could be called an improvement, 2.5 million homes likely…
Nokia (NYSE: NOK) has decided to enter the tablet PC race. It would be very late to the market, and damage to its brand because of a lack of popular smartphones will hurt prospects…
RealtyTrac says foreclosure notices rose last month. (Reuters) The U.S. and UK discuss releasing strategic oil reserves to bring down fuel prices. (Reuters) Volcker says new inflation would be harmful to the economy, even…
Google may alter and improve, in its opinion, its search engine technology, The Wall Street Journal reports. In part the move will counter improving search engine technology used by Yahoo! (NASDAQ: YHOO) and Microsoft. Consumers often are…
NokiaNokia (NYSE: NOK) will begin an assault on tablet computer industry. Late to the market? Damage to its brand because of a lack of popular smartphones will undermine prospects of strong sales. Nokia may believe it has no choice…
Fitch, the credit rating company put the United Kingdom’s sovereign paper rating on negative watch. That means there are great risks to its AAA rating. It is unclear that the action would undermine borrowing costs. UK debt is still…
An improving economy and actions by the Fed have caused Treasuries to have their longest losing streak since 2006 Bloomberg reports that Benchmark yields climbed to the highest level since October as a gauge…
What keeps investors up at night as the NASDAQ moves above 3,000 for the first time since December 2000 and other indices press toward new highs. Fights between the two political parties and the…
“Cash Burn Rate,” used to value companies with little or no revenues, was a popular term in the dot-com era. The burn rate is the amount of cash that is being used up over…
Sometimes dissident shareholders threaten proxy fights to get a company to increase its dividend or start a share buyback. Only occasionally do these shareholders seek a de facto takeover of the company. Third Point,…
GS.COMGoldman Sachs (NYSE: GS) was attacked by an executive director who left today. The reason for his departure was that he thinks Goldman is a culture of devils who love money and take advantage of gullible clients. On…
Last Friday, President Obama pointed to the improving labor market as a sign the economy is recovering. According to the jobs report released last week, companies hired more than 200,000 workers for the third…