S&P acted on the sovereign debt of 16 eurozone nations. Nine were downgraded and seven kept at current status. The action is likely to have long-term and troubling effects as the region tries to calm markets from the…
Summit Entertainment today announced that Lionsgate has completed a transaction to acquire Summit for a combination of cash and stock valued at $412.5 million. The majority of the purchase price was funded with cash…
Rumors and news have circulated for most of the day that S&P will cut France’s AAA rating, which has been expected, and the Germany will remain on the top rung The credit score adjustments…
According to The Wall Street Journal, the rumor that France will lose its AAA rating from S&P is true The paper reports that Standard & Poor’s Ratings Services has notified the French government of…
Apple (NASDAQ: AAPL) has joined the Fair Labor Association (FLA). The company will allow open, independent inspections of its suppliers. The labor practices of suppliers like Foxconn have been bought into question. .The Fair Labor…
Ford will bid against Lockheed Martin to get a contract for blast proof vehicles valued at $54 billion. According to Bloomberg The Army and Marine Corps plan to open competition Jan. 20 in the…
http://platform.twitter.com/widgets/hub.1326407570.htmlThe Institute for International Finance (IIF) said its members who have been negotiating with Greece about bailout terms have left the table. “Under the circumstances, discussions with Greece and the official sector are paused for…
The flagship of Nokia’s effort to regain share in the smartphone sector–the Lumia 900– will be released in the US on March 18. Media speculation about the date is based on Windows chief Paul Thurrott’s recent comments. The Lumia 900 will…
News agency Agence France-Presse has reported that France will lose its AAA credit rating in the new future. ADP claims that Germany, the Netherlands and Luxembourg will keep their top S&P rating. There have been…
The Electronic Privacy Information Center has asked the International Trade Commission to start an investigation of recent changes by Google to Google Search, the dominant search algorithm on the Internet. In a letter, EPIC writes “Google’s…
In a sign of distress within the already weak Spanish bank sector, its average borrowing from the ECB was 118.9 billion euros. The Spanish government has indicated it may have to raise 80 billion to…
Updated throughout the day Kodak (NYSE:EK) has approached Citigroup (NYSE: C) for money to tide it through Chapter 11 (Bloomberg) Bank of America (NYSE: BAC) was given a mandate by the Fed to produce…
The trade surplus of the 17 nations in the Euro area moved sharply higher according to Eurostat The first estimate for euro area1 trade with the rest of the world in November 2011 gave…
Customers, employees, shareholders and taxpayers hate large corporations for many reasons. 24/7 Wall St. reviewed a lengthy list of corporations for which there is substantial research data to choose the 10 most hated in…
The public and the press usually measure unemployment one month at a time as data from ADP and the federal government are issued. The jobs market can also be tracked in another way. Mass…
The holiday season should be the best part of the year for video game hardware and software makers. But research firm NPD said industry sales fell 21% in December to $3.99 billion. Hardware sales dropped…
When Eastman Kodak (NYSE: EK) goes into Chapter 11, which is all but certain, its patent portfolio will not be the only part of its business that will be affected. An auction of the patents may…
Layoffs have surged recently. There is no telling why they happened all at about the same time. Drug giant Novartis (NYSE: NVS) said it will cut nearly 2,000 jobs. Food Lion will shut 113 stores,…
TPG may invest $1 billion in troubled Olympus. (Reuters) President Obama to ask for a $1.2 trillion increase in the national debt ceiling. (Reuters) China’s foreign currency reserves drop to $3.18 trillion, a sign…
Most indices in Asia and Europe rose on hope that the financial crisis in the eurozone has improved. Recent auctions of Italian and Spanish bonds have been completely below expected interest rates. In Asia,…