Negotiation between Greece and private investors which hold much of its debt have faltered again. Greece believes it needs these investors to exchange their sovereign paper for new debt which has about half of…
It is a wonder that Sony (NYSE: SNE) wants to take sole ownership of the Sony Ericsson handset company. The firm announced another loss, this time for the fourth quarter. It has been completely…
For some reason, the new head of S&P fells he needs to defend the agency’s downgrades of sovereign debt beyond the explanations the ratings agengy provided in its written material. According to The Wall…
Fitch management says that its review of the finances of nations in the EU may cause a downgrade of one to two levels for six countries. So far, downgrades by S&P have not prevented…
A Morgan Stanley analysts writes that BP is close to a settlement of US civil and criminal claims over the Deepwater Horizon incident. The sum would be $20 billion to $25 billion. There is…
After a series of mishaps that included running low on money, rumors of bankruptcy, the resignation of three board members, an inability to sell its patents, and the start of several lawsuits based on its…
The powerful surge of purchases of the Apple (NASDAQ: AAPL) iPhone 4S has helped close the gap between Apple smartphones and those which run the Google Android based OS. According to Nielsen the high-profile…
http://platform.twitter.com/widgets/hub.1326407570.htmlAT&T has sharply raised the price it charges many wireless customers for their data plans. The firm said that total usage of its data capacity is rising 40% per year. Under the new plan…
Morgan Stanley has raised its forecast for the price of oil to a range of $85 to $125 for the first quarter. According to MarketWatch, the bank’s opinion is that the lower end of…
It may be too late, but Eastman Kodak (NYSE: EK) has begun suits against tech companies that it claims violate some of its digital patents. The latest is against the second largest maker of…
A deal about the write downs private investors will have to take as Greece adjusts it debt load, and a growing recession there are the two major hurdles to a successful bailout. Private investors have been…
Last week, the Centers for Disease Control and Prevention (CDC) released its estimated causes of death for 2010. The 10 leading causes of death in the U.S. accounted for 75% of the nearly 2.5…
Real estate values have begun to drop sharply in China. Some economists may argue that this will undermine the central government’s plan to stage a “soft landing” in which GDP slows to…
A new report from the United States Council of Mayors claims that only 26 of the country’s 363 metropolitan statistics areas (cities, in layman’s terms) have regained the jobs lost in the recession. Another…
The World Bank’s new “Global Economic Prospects 2012” report may the most pessimistic document issued by a major agency about the economic future since the recession ended. One bright spot is the U.S., which, as…
Financial trouble in Europe has grown again, at least for a day. That is how the markets view news from the region for now. National leaders there and the International Monetary Fund have a…
Yahoo! (NASDAQ: YHOO) founder and former CEO Jerry Yang leaves the company’s board. (Reuters) The World Bank sharply cuts global growth forecasts. (Reuters) Greece and private creditors race to settle on a deal to…
The latest rumor about which Japanese or Korean firm will throw troubled Olympus a financial lifeline involves Fujifilm Olympus has been rocked by an accounting scandal and its ability to survive has been called into question.…
The stand off between Greece and private holders of its sovereing debt continues. Greece has subtely indicated that a default would wipe these investors out. The investors appear ready to face that possibility rather…
http://platform.twitter.com/widgets/hub.1326407570.htmlMany major web companies object to possible legislation that would limited use of the internet. This would include the use of premium content, argue many companies that create video for which they charge customers.…