Did the restructuring of Greek debt trigger a default? Based on S&P’s recent ratings notice, the answer is “yes”. But, the official determination is left to the obscure International Swaps and Derivatives Association which…
Hedge fund Bridgewater made $13.8 billion for its clients in 2011, according to Bloomberg, which used data from LCH Investments NV. According to the findings by LCH, these are the results from some of…
The Administration, smarting from accusations that it has done too little for the manufacturing sector because of a perception that American jobs have been eroded by the unfair trade practices of China and other emerging nations, created yet…
IBM laid off over 1000 workers today according to Alliance@IBM. The people were primarily in the GTS Delivery Application Hosting and AMS Commercial Delivery, according to the source. The same organization claims the IBM…
Yahoo! Finance has published a rumor that Apple will release its iPad 3 with 4G capacity, next week. One of the weaknesses of current Apple mobile products is that they do not work on…
Updated throughout the day on The 24/7 Wall St. Wire Yahoo! wants patent license fees from Facebook (NYT) GM will buy a 7% interest in Peugeot (WSJ) Walmart will allow customers to register DVDs at stores…
Courtesy of 20th Century FoxGlobal sales of arms and military services by the 100 largest defense contractors increased in 2010 to $411.1 billion, according to the Stockholm International Peace Research Institute. The increase reflects…
Most of the recent media coverage about the Dow Jones Industrial Average is whether it can hold 13,000. It has been pointed out, though, that this is merely a number with no real significance. What…
The recent history of the results of car company mergers is mixed. Renault and Nissan virtually merged in 1999 and share Carlos Ghosn as their CEO. There is no compelling evidence that the marriage has…
The bailout of Greece is virtually assured because the Germany parliament has approved funds for the action. The International Monetary Fund and other European Union nations also have assured participation. And private investors have…
Yahoo! (NASDAQ: YHOO) is in patent talks with Facebook. The portal claims that the social network has used some of its intellectual property without permission or license fees. Yahoo!’s claims are based on its messaging…
Yahoo! (NASDAQ: YHOO) threatens a patent suit against Facebook, citing a number of violations. (Reuters) TransCanada (NYSE: TRP) cuts the length of its Keystone XL pipeline in the hopes of finishing some of it…
Research firm Comscore reports that people who use Google+ spend almost no time on the network. Website time-on-site is considered a measure of user loyalty and engagement. Marketers tend to shy away from websites to…
The rich are different from the rest of us. It takes longer for banks to foreclose on homes which are worth over $1 million according to WSJ. The average home in this category take…
The AAA Fuel Gauge shows that the price of regular gas per gallon, on average across the US, rose by almost 2 pennies yesterday. Oil prices moderated slightly at the same time, but Brent…
GM may buy 7% of Peugeot according to rumors in the press. It is hard to say what value the transaction would have. GM’s Opel unit in Europe has continued to loss market share and…
McDonald’s has two types of stores–those owned by the company and those owned by franchisees. It has decided to boost the presence of the latter in China in the hope it will cause its…
In another sign that the sovereign debt crisis in Europe has lessened for the time being, Italy’s borrowing costs have fallen. Portugal found the same reaction as it issued six month notes. Debt auctions…
Angela Merkel was able to get an approval from the Germany parliament for bailout money needed by Greece. It was the last hurdle to the complete of the new loans. It can about the…
Yahoo! is in negotiations with Facebook over use of some of the portal’s patents. These include instant messaging and news feed tech. If Yahoo! cannot get licensing fees, it may sue Facebook, which could…