A hacker has released some of the source code to a Symantec product that protects PCs against viruses and other attacks. The company is viewed as the industry leader in such software, which means its sales…
Republican members of the House are upset that Obama has set aside the construction of the Keystone XL pipeline which would deliver oil from Canada to the Texas Gulf coast. The president wants more…
Amazon.com (NASDAQ: AMZN) has made no secret of its desire to compete with Netflix (NASDAQ: NFLX) and Apple (NASDAQ: AAPL) in the streaming of premium video to customers. Amazon has a built in advantage. It website…
Boeing’s 787 Dreamliner continues to be beset by construction problems. Supplier and manufacturing issues cause the release of the aircraft to be over five years last. Now, inspectors have found gaps in some of the supports used…
The real estate markets in Spain are still in an awful state–perhaps worse than in the US. Six Spanish banks said the would set aside €11.8 billion to reserve for real estate losses. The largest banks…
Nokia, the world’s largest handset company, will fire 4,000 workers at manufacturing operations in Finland, Hungary, and Mexico. Most of those jobs will go to Asia. Apple and HTC has already discovered the benefits…
The number of open jobs is the US rose to 3.4 million, in December, according to the BLS. The figure is up from 3.1 million in November. There are a number of reasons for…
The concerns about the structural integrity of Airbus’s super jumbo A380 has come into question again. The Sydney Morning Herald reports that Qantas recently found a number of cracks in one of the planes…
The ECB will offer a complex set of debt swaps to lower the near term pressure on Greek sovereign paper and help affect an overall bailout of the nation, which needs to receive the…
Roy Bostock, blamed for his role in Microsoft’s (NASDAQ: MSFT) failed buyout of the portal company in 2008, and for the rocky tenures of CEO Jerry Yang and Carol Bartz, announced he would leave…
Genetic biotech company Illumini (NASDAQ: ILMN) rejected an offer, now hostile, made by drug giant Roche. The Illimina board said that the “$44.50 per share cash offer is grossly inadequate in multiple respects.” Wall St.…
Unemployment has improved. Home sales have not. Other economic data appears to favor a growth in confidence among consumer and not a drop. Data from the University of Michigan and Conference Board seem to…
The wealth gap, a fuel behind the Occupy Wall Street movement and a push by the Administration to rise taxes for the rich, is not just an American concern. The Chinese government worries about…
A new survey by Consumer Reports rated both in-store and online shopping. The poll covered responses from over 26,000 people Costco (NASDAQ: COST) ranked first, not surprising because of the reputation of the big…
Americans remained pessimistic about the economy last year. Confidence has improved recently, reaching its highest levels since last spring, but has fallen from -28 in 2010 to -37 in 2011, according to the Gallup Economic…
Instead of admitting that it has, in the past, sold food with too much sodium, salt and sugar, Walmart (NYSE: WMT) has made a public relations bonanza of its decision to sell more healthy…
Big government and corporations are careful to bury their failures in the fine print. The Treasury Department released its January analysis of the Home Affordable Mortgage Program (HAMP) program. Readers must sift through a large…
The Greek ruling coalition has said it will cut 15,000 government workers as an austerity sacrifice to the European Commission, European Central Bank and International Monetary Fund. The “troika,” with Germany in the background,…
Greece continues to demonstrate that it can teeter almost indefinitely between austerity and the grant of aid packages without a short-term resolution to its sovereign debt crisis. The latest development is that the ruling coalition has agreed…
Glencore and Xtrata agree to a $90 billion merger. (Reuters) Greek leaders face a deal for settling sovereign debt matters as workers strike. (Reuters) Toyota (NYSE: TM) posts good third-quarter profits and says the…