European Central Bank President Mario Draghi says his organization has helped pull Europe part way out of its debt crisis. The bank has been the safe harbor for hundreds of billions of dollar in…
Eastman Kodak may turned to Citigroup for money to carry it through Chapter 11. The news, reported by Bloomberg, is another bit of information that a bankruptcy is imminent. Some investors still believe that Kodak…
Government leaders in the eurozone have hoped that the panic over sovereign debt would end or at least drop An auction of Italian debt, after successful auctions by Italy and Spain yesterday, should ease fears According…
The improvement in holiday consumer sales did not help the video game industry. In December, total sales dropped 21% to $3.99 billion. Hardware sales were off by 28% to $1.32 billion. Software sales were…
Goldman Sachs has issued a report that oil prices could rise sharply next year. The usual fears of unrest in Iran and Nigeria are mentioned. However, a new wrinkle is that OPEC production may…
Bank of America is already plagued by financial problems that have caused it to announced 30,000 layoffs, take $5 billion for Warren Buffett, and sell much of its stake in China Construction Bank Now…
The Chapter 11 filing of AMR, the parent of American Air is barely two months old, and potential buyers are already considering a buyout. According to WSJ.com, Delta, US Air, and private equity firm…
The battle over the national deficit and more specifically the national debt is about to be joined again. The President will ask Congress to increase the national debt ceiling . The increase would be…
As Spring approaches, the time for home repairs and cleaning are little more than 90 days away. Home Depot (NYSE: HD) will prepare as it hires 70,000. That is enough to affect national employment…
Gallup has released a new survey on the top worries among Americans The poll shows Americans name jobs, the national debt, continuing economic decline, outsourcing, and politicians’ bickering — including President Obama and Congress…
Among 33 auto brands sold in the US, Hyundai has the highest customer loyalty–which JP Power calls “retention rate” One in three new-vehicle owners who switched brands say their previous brand didn’t make the type…
According to Freddie Mac, mortgage rates hit all-time lows last week. The agency released the results of its Primary Mortgage Market Survey, showing mortgage rates easing to new all-time record lows for all products…
A student loan fiasco may follow the one in housing, according to credit group FICO In a new report it says Student loan debt now exceeds credit card debt in the U.S., with experts…
The European Central Bank kept rates the same From its statement: Based on its regular economic and monetary analyses, the Governing Council decided today to keep the key ECB interest rates unchanged, following the…
Updated throughout the day Olympus may set a partial merger with Samsung (Reuters) GM (NYSE: GM) may shift more production to Europe to improve relationships with Germany unions which represent Opel workers (Reuters) Douglas A.…
PC sales faltered last year in the US. Some of the drop has been blamed on a parts supply interruption from Thailand factories hit by floods. Industry research firm IDC said that shipments fell…
Microsoft (NASDAQ: MSFT) may not be doing as well as CEO Steve Ballmer has sigalled. He says that video game sales at the firm are strong. Windows sales are also supposed to be robust.…
It has become more difficult for embattled retail company Sears Holdings to raise money. It recently reported weak earnings and holiday same store sales. It also said it would close 100 to 120 KMart…
The Obama Administration introduced its latest job creation plan with great fanfare. The president gathered business leaders and offered examples of how many of them had brought jobs sent overseas back into the U.S.…
Flickr, Images of MoneyForeclosure rates are one of the proxies for the health of the housing market, along with housing starts, home prices and the number of underwater mortgages. During 2011, foreclosure rates improved…