Apple About To Launch iPad 3?
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…
All Work
Douglas A. McIntyre
Congress Advances Insider Trading Law
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…
Rumor Alibaba May Go Private–Reuters
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 New CEO Plots A Path Out Of Failure
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…
ECB Wants Successful Banks To Take Loans. Big Banks Refuse
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…
Greek Trouble Begins, Again
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…
Canada Exports Uranium To China
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.…
January Video Game Sales Plunge
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…
Satisfaction About Life By Americans Rises
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…
Google To Market Home Entertainment Device
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…
Google Adds Search Engine Market Shares (YHOO, GOOG, MSFT, AOL)
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 At All-Time Low
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.…
Today’s Best Market Rumors (2/9/2012) Greece Reaches Bailout Deal
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…
Eight States Where Companies Are Hiring
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 and Facebook — What Do People Really Do Online?
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…
Suddenly, China’s Car Market Falls Apart
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…
Who Gets to Settle the Greek Problem?
Evangelos Venizelos, the rotund finance minister of Greece, has gone to Brussels to parlay with eurozone officials about how his country can break the deadlock that threatens to cause a default next month. Any arrangement must…
What’s Important in the Financial World (2/9/2012) A Mortgage Deal With Banks, Yahoo! to Sell Alibaba?
As one set of government suits against America’s largest banks is settled, another is about to begin. Media reports say that federal regulators and state attorneys general have set a $25 billion deal with…
Media Digest (2/9/2012) Reuters, WSJ, NYT, Bloomberg
Greek ministers will go to Brussels to meet with EU officials about restructuring of debt, but several details have not been resolved. (Reuters) Groupon (NASDAQ: GRPN) posts earnings that trouble Wall St. and its shares…
Brent Crude Pushes Back In The Direction Of $120
Brent crude prices passed back above the $117 a barrel level. Traders, at least most of them for now, think that the trouble with Iran is not over. Sanctions against the nation could interrupt the…