Spain raised 10 billion euro at lower than expected rates. It has only planned to raise 5 billion euro According to Bloomberg: Spain’s benchmark 10-year bond yield declined 13 basis points to 5.194 percent…
The EPA released a list of greenhoue gas emissions for 2010 from large facilities that are, based on the agency’s standards, the worst offenders The EPA reports For the first time, comprehensive greenhouse gas (GHG)…
One small silver lining in the real estate market is that foreclosure rates have begun to fall. That had not helped home prices–yet. Case-Shiller data from earlier in the month show home prices continue…
Every car manufacturer in the world wants to do well in China–the world’s largest market. But, sales growth there slowed to an improvement of 2.5% to 18.5 cars and light trucks. The news will…
The idea that low inflation is a proxy for recession may be an old one. That does not mean it is not a true one. If so, the global economic slowdown has picked up speed.…
The endless process to sell investment firm Morgan Keegan is over. Raymond James has run the prize. RJ disclosed Raymond James Financial, Inc. announced today that it has entered into a definitive stock purchase…
As many observers have expected private holders of Greek debt may not agree to a final write down settlement for the value of their Greek sovereign paper. It has been assumed that both these investors and eurozone nation…
There is still too much spare capacity in the global auto industry. That is, at least, what Fiat and Chrysler CEO Sergio Marchionne believes. He is particularly concerned about the situation in Europe where slow…
President Obama set the foundations for a program that would encourage American companies to move workers from outside the US back to America. The White House has dubbed the process as “insourcing” The Administration…
A showdown between GM and its German unions may be about to end which would allow the firm’s Europe operation–Opel–to improve its P&L. As part of a deal that would allow the No.1 US…
Microsoft (NASDAQ: MSFT) and Yahoo! (NASDAQ: YHOO) may be partners in the search engine business because they share a technology platform. However, the bragging rights that go with the No.2 spot behind Google (NASDAQ:…
Microsoft has probably stepped away from a plan to sell subscriptions to receive premium digital video programs. The company’s plan was the offer would allow consumers to watch the content on TV. Reuters reports that The…
There was no news about Sears Holdings today. It did not announce layoffs, earnings, a restructuring, or a sale of any brands. No other company offered to buy Sears. Yet, shares were higher by…
Famous Apple follower Piper Jaffray analyst Gene Munster believes that the company sold four million more iPhones than he expected for the last quarter of 2011. From Bloomberg: Munster today raised his estimate to…
Archer Daniels Midland will fire 1,000 people, 3% of its workforce, to cut costs. To help achieve this reduction, the company will offer a voluntary early retirement incentive in the U.S. ADM expects that these…
At odds with some members of the Federal Reserve and in lock-step with other, Chicago Fed head Charles Evans called for more action by the central bank to help the economy. He said Given…
Updated throughout the day Dell (NASDAQ: DELL) will offer a tablet PC by the end of the year (Reuters) Alibaba will reduce the size of a loan its was to use to buy back…
http://platform.twitter.com/widgets/hub.1324331373.htmlThe Japan Automobile Dealers Association reports that the Toyota Prius was the No.1 selling car in Japan last year. The Prius is by far the most popular hybrid in the world having sold over…
http://platform.twitter.com/widgets/hub.1324331373.htmlEmployment site FINS reports that a growing number of Yahoo! workers are worried that their new CEO Scott Thompson will cut some of the company’s 14,000 people to save money. Yahoo! has had trouble with…
Morgan Stanley says that Nokia (NYSE: NOK) may sell as many as 37 million Microsoft (NASDAQ: MSFT) Windows powered smartphones. It would be major rebound in the fortunes of the world’s largest handset maker and…