Google (NASDAQ: GOOG) shares stumbled after it released fourth-quarter earnings. Revenue rose 25%, but net income barely rose to $2.7 billion. The markets were puzzled about why Google now has 32,467 full-time workers, a peak.…
Google (NASDAQ: GOOG) misses earnings expectations, which pushes shares down as much as 10%. (Reuters) IKEA posts a profit and grows in most regions of the world. (Reuters) Greece and private creditors move closer…
flickr/Harald GrovenGE (NYSE: GE) proved once again that it cannot fire on all of its cylinders as the performance of its aviation and healthcare businesses faltered. GE missed analyst estimates which were $.38 for the fourth…
The Tokyo Stock Exchange will continue to allow Olympus to remain a listed public company. The news is something of a surprise. The firm’s stock prices has collapsed as it has become engulfed in…
HSBC measures China’s PMI and releases its numbers ahead of China’s official figures. It reported today a reading of 48.8 for January compared to 48.7 in December. A number under 50 represents contraction. The debate which…
The debate continues over whether austerity is a regressive approach to deficit reduction. It does bring down the spending side of sovereign P&Ls. But, does the drop in expenditures undercut necessary stimulus dollars needed…
The New York Fed took on much of AIG’s damaged bond portfolio as the insurance firm nearly went under three years ago. The funds had unpaid balances of $20 billion. The NYF has dumped…
Americans may not be able to sell their homes, but many will start to refurbish them. Part may be due to the belief by consumers that the recession is over. But, it may be…
The prices of natural gas may be at a 10-year low. This obviously helps both consumers and business which depend on the fuel. The situation will not last according to the Energy Information Administration.…
The ECB has pressured EU officials to be hard on nations that miss budget targets. The plan may be unrealistic with some much of the region in recession. Half of budget targets is austerity.…
Americans cut down their credit card debt by 11% last year, compared to 2010, according to a new report by Credit Karma. 24/7 Wall St. looked at the average credit card debt owed by…
Eastman Kodak’s Chapter 11 filing is a way to shed its financial obligations. It also may allow a bankruptcy court to auction off its patents, either through purchase or license, to the highest bidders.…
Detroit’s unique position as a large American city is not just related to the fact that the state may appoint an emergency manager and take the power of governing away from the mayor and city…
Japan would consider a series of bilateral loans to the International Monetary Fund as the organization seeks $600 billion to bolster its accounts as a means to help bail out the economies of some of Europe’s…
Americans are unusually dissatisfied with big government and big business. There is irony in that, because many of the solutions to major problems in the U.S. will have to come from these two sectors.…
Eastman Kodak (NYSE: EK) files for Chapter 11. (Reuters) Greece and its private lenders work toward a last-hour compromise on a debt exchange. (Reuters) BP (NYSE: BP) likely to set a $20 billion to…
In a story just posted at WSJ.com, the paper reports that parent News Corp has settled some of the hacking charges which arose from practices used at the new defunct News of The World…
Some hedge funds may file a novel lawsuit to block any effort by Greece to default and drive the value of their sovereign holdings down–perhaps to zero The New York Times reports that Hedge…
Facebook will always face competition from other sites which vie for the limited number of hours people can spend online. These include news, entertainment, and service sites. The world’s largest social network, which is…
The worries that sovereign in the eurozone will have problems raising capital now that their prospects have been downgraded by S&P have diminished. Spain and France each raise new debt at rates largely better than…