AIG (NYSE: AIG) continues to try to pay back the $182 billion bailout that it received from the federal government, which means from the taxpayers. It announced another stage in the process. It will sell…
AIG (NYSE: AIG) to sell more than $6 billion in shares in its AIA unit to pay back government loans. (Reuters) Jaguar Land Rover and Chery plan a joint venture in China worth more…
Bloomberg has tried to “one up” Forbes by setting a billionaire list which update every day and not just once a year. The task is actually impossible, although Bloomberg will not admit it. Much of…
Among the largest drivers of oil prices are expectations of demand in China–by many measures the world’s second largest importer of crude. The price of a barrel of Brent is already close to $125,…
Many recent signs about the economy point to a resurrection of consumer and business optimism. Recent Fed data shows that borrowing among consumers has risen. Consumer confidence data from the University of Michigan and Conference board…
It is good news for Apple (NASDAQ: AAPL), Google (NASDAQ: GOOG), Motorola Mobility (NASDAQ: MMI), Samsung, and perhaps even Research In Motion (NASDAQ: RIMM) The Pew Internet and American Life Project reports that Nearly…
AIG (NYSE: AIG) continues to try to pay back the $182 billion bailout that it received from the federal government, which means from the taxpayers. It announced another stage in the process. It will sell…
It is impossible to keep Apple (NASDAQ: AAPL) out of the headlines. It announced its App Store had reached its 25 billionth download. Just behind that news are reports that the Apple iPad 3, which…
China made two announcements about its budget. One was that it has revised its growth forecast to 7.5% for 2012. For an economy that has grown at a rate of 10% over the last decade,…
Gas prices reached $3.764 yesterday based on a national average of a gallon of regular, according to the AAA. One month ago, that price was $3.467. At that rate of increase — 8% a month…
A case which has been in the making for months, has finally settled. BP has been sued by a large number of businesses and individuals for damages due to oil leaks from the Deepwater…
Moody’s took time moved its rating of Greece to the lowest possible level. This happened even after the International Swaps and Derivatives Association said that the swap of old Greek bonds for new ones…
Richard “Dick” Parsons, former CEO of Time Warner (NYSE: TWX), will leave his post as Chairman of Citigroup (NYSE: C). Many observers believe he stayed far too long. Most of the Citi board was turned…
24/7 Wall St. StaffAmericans are not any happier than they were last year. In fact, they are slightly more miserable. At least, that’s what the recent Gallup-Healthways Well-Being Index shows. The annual index measures…
Americans are not any happier than they were last year. In fact, they are slightly more miserable. At least, that’s what the recent Gallup-Healthways Well-Being Index shows. The annual index measures six areas of well-being, including…
Toyota (NYSE: TM) said its U.S. car sales rose faster than expected in February and that March sales are off to a strong start. Much of the credit, the company said, goes to demand…
The debate over whether financial stimulus is needed for the economies of the eurozone’s weakest nations to recover from deepening recession has been trumped by the insistence of those supplying rescue capital to demand austerity. Germany, for example, has said…
Some of the rapid rise in the West Texas Intermediate oil price from $80 to $110 over the past four months is due to an embargo against the export of crude from Iran, set…
Brent crude rose above $125 on news of the explosion of a Saudi pipeline. The news turned out to be a rumor, and the price dropped several dollars. There is a lesson in the…
Anheuser-Busch InBev NV may buy China’s Kingway Brewery Holdings’ assets. (Reuters) The Department of Justice is expected to widen its probe of mortgage-backed securities. (Reuters) AT&T (NYSE: T) sets new standards that will impose penalties on those…