The Greek government probably will get its way as it puts finishing touches on its debt restructuring. The aid from its neighbors, the International Monetary Fund and, indirectly, the European Central Bank is nearly…
The CEO of Chrysler said he took no pay in 2011 and that, based on financial results, the company is now worth $7.5 billion. (Reuters) The Treasury will sell $6 billion of AIG (NYSE:…
The U.S.-China Economic and Security Review Commission has finished a study which shows that China has a growing ability to launch a huge cyber-attack on the America. Northrup Grumman (NYSE: NOC) researched and authored…
The value of the yen and the need for Japan to import oil and other key commodities, married with lower demand for its exports–probably fueled by near recession level economic condition in Europe–took the…
The average nationwide cost of a gallon of regular continues to sit around $3.76. It has not moved much in the last four days. Almost no one expects that to continue as crude prices stay…
The Treasury plans to sell $7 billion of AIG (NYSE: AIG) shares as it moves out of its investment in the insurance firm. The bailout of the company cost taxpayers over $150 billion. AIG and the Treasury plan another sale…
The Greek government finish its debt restructuring as it closes a transaction with private investors. The aid from its neighbors, the IMF, and indirectly, the ECB is nearly in place. Now that all other transactions are in…
The launch of Apple’s (NASDAQ: AAPL) iPad had no effect on its shares. . Some analysts expected the stock would move higher. The iPad will almost certainly have incredibly impressive sales. It is different enough from its…
The Federal Reserve issued its monthly report on consumer credit for January The data show that total credit rose from $2.494 trillion in December to $2.512 trillion Non revolving credit, which includes automobile loans and…
It has been widely assumed the AMR, parent of American Air, would try to terminate employee pension plans as part of its Chapter 11 process. The company has indicated it needs to cut costs by…
Case-Schiller data on the top 20 cities recently showed that home prices in these markets continue to plunge. The overall pattern nationwide was confirmed by data from January released by CoreLogic. The research firm’s new…
Chryslers’s flagship brand and its Dodge, Jeep, and Ram divisions finished dead last in the new JD Power and Associates Reliability Survey. That news was barely out of the headlines when today, Chrysler recalled…
Wall St. has had over two days to digest the news that Yahoo!’s (NASDAQ: YHOO) new CEO Scott Thompson will fire several thousand people. On the back of an envelope, this could save the company…
The AARP put out a remarkably complex research paper that shows, among other things, that the costs that people over 50 paid for commonly used drugs rose 25.6% between 2005 and 2009. The data…
CIA World FactbookThe World Bank issued its new data on global poverty. The most prominent part of the report, the one picked up by most of the press, was: More recent post-2008 analysis reveals…
Bloomberg has launched an index that follows the net worth of the world’s 20 most wealthy billionaires. Each net worth figure is updated every business day at 5:30 PM EST. But its numbers could only…
Oil traders are skittish. A little bit of news about crude supply or demand can trigger a frenzy of trades. That happened again as China said it will increase energy imports this year. It…
Netflix (NASDAQ: NFLX) talks with cable companies about adding its services to their channels. (Reuters) The Institute of International Finance pressures Greek bondholders to make trades for new sovereign paper. (Reuters) Walmart (NYSE: WMT) presses…
Lehman Bros., the demise of which is often blamed for the start of the credit crisis, will finally come out of Chapter 11, over three years after it went in. The process of disentangling…
There have been a number of reports that doses of fake Avastin, a key cancer drug, have been discovered in the US. The Wall Street Journal has published the results of an investigation about…