The Centers for Disease Control report that binge drinking is a much larger problem than previously realized and that the habit is costly. The CDC’s new “Binge Drinking: Nationwide Problem, Local Solutions” reports says New…
The General Accounting Office has released a statement in which it essentially has misled the public about the taxpayer costs of the TARP and related programs. Most of the costs not mentioned in Treasury…
AMR, the parent company of American Airlines, which is currently in Chapter 11. It may be able to break a large number of airplane leases which could save several hundreds million dollars. The final…
The heavy load of US debt just got a bit lighter for the US Treasury. The Federal Reserve has sent it $76.9 billion which was its net income for fiscal 2011, according to preliminary…
Research firm Corelogic said that, by its measure, home prices were off for a fourth month in November. It is worth remembering that there are a number of guides to home prices, and not all agree on…
Shares of WebMD (NASDAQ: WBMD), Health Management Associates (NYSE: HMA), and Liz Claiborne (NYSE: LIZ) continued to sell down sharply WebMD’s store dropped as the firm’s CEO resigned and the board said it would cease its work…
Nokia (NYSE: NOK) has been the largest manufacturer of handsets in the world. As recently as two years ago, it had nearly 40% of the global market. That has changed as it has lost…
The opportunity for a bailout of Greece may be blocked by some of the largest holders of its debt. Bloomberg reports that the hedge funds have set themselve in opposition to the IMF’s Greek…
Google (NYSE: GOOG) in an attempt to further challenge Facebook in the social network arena has launched a new search feature, tailored to personal use. The company, which has its own Google+ social network,…
Jobs evaluation site Glassdoor listed its “Top 25 Oddball Interview Questions Of 2011” At the top of the list Over the past year, interview candidates just about everywhere shared some of the most difficult,…
Gallup released data which appears to buttress data from the Conference Board and private economists. Holiday sales also support a rise in consumer activity Gallup reports Gallup’s Economic Confidence Index improved to -27 last…
Toyota (NYSE: TM), as expected, released it Prius c, which the company says gets 53-miles per gallon in city driving. The release was done at the Detroit Auto Show. The car will retail for…
Skagen Designs, the watch and jewelry company will be bought by Fossil (NASDAQ: FOSL) for $225 million. The price is subject to some adjustments. Fossil makes jewelry, watches and accessories Fossil trades at $79, at…
According to Bloomberg While past auto shows have been stocked with gas-electric hybrids and SUVs, slow hybrid sales have brought a dose of reality to the industry. Carmakers are realizing they can give buyers…
Eastman Kodak (NYSE: EK) believes that, for some reason, a major management and structure re-organization will save it from also certain Chapter 11. It took the odd step of making new management appoints ahead…
Each January, 24/7 Wall St. forecasts the publicly traded U.S. companies that will have the highest profits in the year ahead. This year, Apple (NASDAQ: AAPL) is likely to pass Exxon Mobil (NYSE: XOM)…
The three partners in the launch of the new Nokia (NYSE: NOK) Windows-powered Lumia 900 smartphone — AT&T (NYSE: T), Microsoft (NASDAQ: MSFT) and Nokia — were effusive about its chances to rival Apple’s (NASDAQ:…
The Federal Reserve released its “Consumer Credit Report” for November. The sum borrowed by Americans rose $20.7 billion to $2.477 trillion. The renewal of a rapid increase in credit debt may not be as…
The General Administration of Customs said China’s crude oil imports were 253.8 million tons in 2011. The figure in December was modest by recent standards — only 21.9 million tons. Bloomberg reports that the…
It takes a recession to slow what has normally been runaway U.S. health care costs. The trend may be part of a road map to keep costs down. These costs have risen at close to double…