United Parcel Service (NYSE: UPS) will take over TNT Express for $6.85 billion. (Reuters) Apple (NASDAQ: AAPL) to announce plans for its $100 billion in cash. (Reuters) Dell (NASDAQ: DELL) says it can challenge…
The Stockholm International Peace Research Institute issued its report on arms imports and export trends from 2007 to 2011. The agency writes The volume of international transfers of major conventional weapons was 24 per…
Gas prices rose again–for the tenth day in a row. The AAA Fuel Gauge puts the national average price for a gallon of gas at $3.842, up from $3.838 the day before. That is…
The cracked wing problems which Airbus faces on its A 380 super-jumbo are just beginning. The manufacturer’s vice president Tom Williams told Spiegel that “The problem will keep us busy for years.” He estimates the total costs of repairs and…
Starbucks will open its first juice bar, under that name of Evolution Fresh. The coffee store chain has moved into other businesses before. This includes the sale of its coffee in bags at grocery…
UPS (NYSE: UPS) has been stalking European delivery service firm TNT Express for several weeks. It now appears they have a buyout deal, according to The Wall Street Journal WSJ reports that United Parcel…
Apple (NASDAQ: AAPL) will answer a question that has nagged its investors for years — what will the company do with its cash? CEO and founder Steve Jobs refused to address the question. New…
Gas prices rose for the eighth straight day and the price per gallon of regular is above $3.85 nationwide. The price is over $4 in seven states, which includes the most populous — California…
The IMF has indicated that unless the economy of Greece responds quickly to reforms that another bailout may be necessary. It is hard to figure why austerity should provide an environment for GDP improvement,…
The DJIA, NASDAQ, and S&P 500 each ended higher by 2% for the week. At the end of today, the DJIA slipped .15% to 13,233. The NASDAQ fell .04% to 3,055. The S&P 500…
The Recording Industry Association of America (RIAA) says that large ISPs will begin to track file sharing. The activity will begin on July 12. The practice of file sharing deprives movie companies and record publishers…
Updated throughout the day on the 24/7 Wire UPS plans to make on offer for TNT Express (Reuters) Facebook has a number of its bankers to a pre-IPO meeting to prepare for road shows…
Electronics research firm iFixit pulled apart a new Apple (NASDAQ: AAPL) iPad and found parts from Qualcomm (NASDAQ: QCOM), Broadcom (NASDAQ: BRCM) and Apple’s greatest nemesis: Samsung. It is an example of how in the complex world…
Americans came to believe two things about jobs as the recession stretched on. The first is that paid work is precious and it is unwise to press for raises when companies are watching costs. This, among other…
Secretary of the Treasury Tim Geithner has spent much of the past year lecturing Europe on how it should get its financial house in order. EU leaders have said that he should turn his…
Rumors continue that the U.S. and UK will release some of their strategic oil reserves to help abate rising gas and oil prices. Gas prices increased again yesterday to $3.831, up from $3.518 a…
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…