The much anticipated China 2030: Building a Modern, Harmonious, and Creative High-Income Society, put together by the World Bank and Development Research Center of China’s State Council, reaches two main conclusions that are nearly opposites.…
The smartphone wars have heated up as the industry’s leaders gather in Barcelona for the Mobile World Congress. Most of the companies that currently run behind Apple (NASDAQ: AAPL) in smartphone market share and profitability…
The BP (NYSE: BP) oil trial is delayed for settlement talks. (Reuters) G20 ministers and central banks say Europe has to add money to its own funds before seeking outside aid. (Reuters) Proview’s prospects…
Germany is in effect the bank to Europe because it is largest economy by GDP and has the fewest debt problems. Many Germany citizens and politicians have been against Germany’s aid to Greece and…
According to the AAA Fuel Gauge, the price of a gallon of regular was nearly $3.70 yesterday–nationwide. That is up from $3.40 a month ago. The figure for premium is up from $3.67 a…
Former Ford CEO and current executive chairman Bill Ford says he has a plan to cut urban car gridlock. This would involve smartcars that could take drivers around traffic choke points. Also part of…
The World Bank and Development Research Center of China’s State Council released their new study on the future of China’s economy and society Called China 2030: Building a Modern, Harmonious, and Creative High-Income Society” The…
Ford will invest $490 million in a plant in Chongqing. It has three passenger car plants in China now. Ford is well behind market leaders VW and GM, each of which has the advantage…
Samsung wants to double sales of its smartphones and tablet PCs this year. It is now the world’s largest handset maker, and its growth rate, R&D capacity, and marketing prowess give it a chance…
AMR, the parent of American Air, says it needs to fire hundreds of workers as part of its move to exit bankruptcy. If the court in charge of the Chapter 11 process agrees to the…
If Nokia cannot compete with Apple at the high end of the smartphone market, then it will see if it can taking a winning position with a cheap handset. It will be called the Lumia 6100 and will be…
Germany may block a plan to createt two huge bailout funds, which would total about $2 trillion, to aid eurozone nations and presumably eliminate the region’s sovereign debt crisis. G20 leader have indicated that they would add…
A deal for Sprint Nextel (NYSE: S) to buy Metro PCS as a means of adding to its troubled subscriber base, has been killed–presumably by the Sprint board. It is one of the few transactions…
The price of gas is a widely covered news item these days. Oil prices have moved up from $75 a barrel in October of last year to more than $100 a barrel currently. And…
New data from the Department of Agriculture shows that, as world demand for food continues to be relatively high, price increases will moderate or even fall. This is in contrast to several years of sharp…
A nonprofit, nonpartisan group called the Committee for a Responsible Federal Budget, which tracks the effects of federal spending plans, released its latest U.S. Budget Watch. The group says the document effectively analyzes what the…
Procter & Gamble (NYSE: PG) will cut as many as 5,700 jobs, despite the fact that Wall St. is impressed by the company’s success. Its shares trade at a two-year high, up 25% over that period.…
The U.S. Postal Service has begun a cost-cutting process meant to save it $10.5 billion between now and 2015. The first tranche is a consolidation or shuttering of 223 locations. The effect of the move will trigger…
Steve Wynn pushes major shareholder Kazuo Okada off the board of Wynn Macau. (Reuters) AIG (NYSE: AIG) makes a large profit on portfolio gains. (Reuters) Apple’s (NASDAQ: AAPL) legal fight with Proview International moves to…
The price of WTI crude rose above $108, and its rise does not appear ready to stop. The price reached $108.43 as concerns about Iran supplies and the possibility it will try to block the Strait…