The new $26 billion settlement between five banks on one side and a number of state attorneys general and the federal government on the other is extremely complex. One thing that homeowners can take from…
Every time a new jobs report shows that the labor situation in the U.S. has improved, some economists ask that people look beyond the single number the press uses. Many people are underemployed. Some people have dropped…
China’s imports number fell more than expected, another sign that an economy that grew at 10% or more per year for a decade has moved into a recession of sorts. Exports decreased 0.5% and imports…
The U.S. and state attorneys general reach a $25 billion settlement with five banks over mortgage abuses. (Reuters) The Hong Kong division of Alibaba may go private as part of a refinancing and a…
To keep its customers in a frenzy of demand, Apple (NASDAQ: AAPL) has a major new product release about twice a year. The last one was the iPhone 4S. It was such a success…
It is still a mystery as to why Congress needs a special insider trading rule. The act is already illegal. Congressmen should want to be more careful the most people so that their sterling…
As part of the buyback of Yahoo!’s 40% interest in it Alibaba may take all or part of itself private. The company has been rumored to be in talks to raise $3 billion.It has been assumed…
Sony’s (NYSE: SNE) new CEO Kazuo Hirai says the way for the company to turn around is to use the successful Playstation model. The PS3 is a gaming console, internet device, and entertainment platform. It…
One of the most famous stories from the US credit crisis is about how Hank Paulson and Ben Bernanke made America’s healthy financial firms take TARP loans at the same time that the big…
As Greek leaders left meetings with leaders of the EU, IMF, and ECB in Brussels, they believed they had a bailout in hand. It would prevent a default in March. It turns out they…
The cold war has finally come to a real end. As part of a trade deal between China and Canada, the North American nation will export uranium to the world’s largest country by population.…
An monthly rite among tech reporters is to cover the NPD Group video game data. The information shows which of the three large console companies–Micorosft, with its Xbox, Nintendo, and Sony which makes the PS3–is doing…
American’s are more satisfied, overall, than they have been at any time since a year ago, according to a Gallup poll. The conclusion makes sense. Unemployment has improved a bit, while GDP improvement is…
As The Wall Street Journal reports, Google (NASDAQ: GOOG) has decided to follow Apple into the device business with its buyout of Motorola. The paper says that interest in hardware and software has grown as…
The search engine wars are rarely front page news any more. Google (NASDAQ: GOOG) has had two third of the US market for so long that the positions of its competitors hardly matter. And…
Mortgage rates hit all-time lows again last week. And, unemployment has improved. Neither of these has triggered an improvement in the housing market based on data from firms which include Case-Shiller, RealtyTrac, and Zillow.…
Updated throughout the day on The 24/7 Wire. The US and state attorneys general are close to a settlement with five majors banks which include Citigroup, Bank of America, and Wells Fargo over accusations…
Companies across the country are hiring more workers, at least if you ask their employees. In 2011, 31% of U.S. workers reported that their employers were hiring, according to Gallup’s Job Creation Index. Only…
Groupon (NASDAQ: GRPN) and Facebook are in a battle with many investors about the value of their audiences. Do Groupon’s visitors still use it regularly to buy merchandise? Do Facebook’s members ever look at advertising…
One reason investors like to own General Motors (NYSE: GM) stock is that that company is the leading car manufacturer in China, when its local partners’ sales results are added to its own. Chinese sales…