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.…
A slowing global economy coupled with strong prodcution has caused the IEA to cut its global oil demand forecast. Global demand will grow at 1.1 million a day, instead of the previously forecast 1.3…
Bloomberg reports that the IMF may raise a $1 trillion fund to fight the sovereign debt crisis in Europe The International Monetary Fund is exploring ways to expand its lending fund by $1 trillion,…
A senior analyst from Fitch, the third credit rating agency, said Italy’s debt could be downgraded two more notches. So far S&P downgraded of nine European nations and the European Financial Stabilty Facility has…
The World Bank cut global GDP forecasts and warned the danger of a catastrophe in Europe could have Lehman like consequences in the developing world In a release The Bank has lowered its growth…
http://platform.twitter.com/widgets/hub.1326407570.htmlNew data from research firm Comscore shows that Google’s (NASDAQ: GOOG) YouTube video site led all other video sites in terms of traffic–by an astonishing margin Whether Google makes much money on YouTube is…
Gallup data for the week that ended January 15 shows that economic confidence remains high. The information could signal that the next round of consumer confidence data from The Conference Board and The University…
A Gallup poll which tracks levels of unemployment improved very slightly from mid-December to mid-January. The research is one of the data points used, along with ADP, to forecast monthly figures from the federal…
Updated thoughout the day AIA Group may make a $6 billion bid for the Asia insurace operations of ING (Reuters) Federal officials have begun a more agreesive investigation into the role played by S&P in…
A senior executive of Fitch, the ratings service, has told Reuters that Greece will default. But, the process will be an orderly one, although that may not bring the capital markets much comfort “It…
Mini, a division of BMW, will recall 89,000 cars in the US. Oddly, the recall is not mentioned at the car brand’s site. Some of the Mini turbo charged versions can catch fire, according…
http://platform.twitter.com/widgets/hub.1326407570.htmlThe Research In Motion Playbook tablet PC has already been a failure by most standards. The Canadian company was forced to take an inventory write down on the product last quarter. It appears that will…
Saudi Arabia probablywill target oil prices for 2012 at $100, according to several media reports. The desert nation says it needs the price to be that high to offset planned expenditures by its government. The…
Most of the press coverage and initial comments about China’s fourth-quarter GDP improvement of 8.9% centered on the fact that the expansion represented a two-and-a-half year low. Somehow, that caused concern that the number was…
Walmart (NYSE: WMT) added a new CEO to oversee its e-commerce operations. The general perception is that this business should be more competitive with Amazon.com (NASDAQ: AMZN). That will be hard to accomplish in the shadow…
The European Automobile Manufacturers Association reported that car and light truck sales in the region fell by 5.8% in December as demand in Spain and Italy was crushed. Total registrations in Europe came to 13.6…
Saudi Arabia apparently has set an oil price target of $100 for this year. That is so high that its effects may overwhelm an economic recovery around the world. Oil and petrochemical prices will move…
China’s economy expands at a better-than-expected 8.9% in Q4 and area markets soared. (Reuters) Walmart (NYSE: WMT) appoints a former CBS (NYSE: CBS) digital executive as head of its digital operations. (Reuters) Disapproval of Congress…
Samsung, one of the world’s largest electronics companies and the No.2 market of smartphones showed what large profits and a strong balance sheet can do for a firm’s ability to invest in its future.…
Europe’s banks continue to refuse to loan money to one another–even overnight. Deposits at the ECB reached over a half a trillion yesterday–a record. The trend will probably reverse itself, but most likely only…