China loan levels and money supply reached unexpected highs in December. It is a sign that local banks are pushing liquidity into the market to keep the second largest economy in the world in rapid…
GM (NYSE: GM) disclosed that its posted record sales in China last year. The announcement comes on the heels of similar claims by VW. The two are the largest car companies in the People’s…
Several research firms expect S&P 500 earnings growth to be the slowest since mid 2009. Much of this is blamed on problems in Europe The FT reports that Analysts now expect that average earnings…
France’s Sarkozy and Germany’s Merkel will meet this week against a backdrop of skepticism that the eurozone’s sovereign debt crisis can be solved. The two, who control the fate of the region because of the…
Wall St. bankers can expect very low bonuses this year, according to several media outlets. Trading revenue has been poor at most firms. M&A activity falted at the end of the year. There is…
Apple (NASDAQ: AAPL) and Samsung, the largest maker of Google (NASDAQ: GOOG) Android-based smartphones have started 2012 as they ended 2011-far ahead of their competition. Research firm ChangeWave reports that The late December survey…
The International Consumer Electronics show begins in Las Vegas this week and 140,000 people are expected to attend. It is the largest exhibition of new electronics and gadgets each year. A number of large companies…
VW would like to catch GM (NYSE: GM) and Toyota (NYSE: TM) has the largest car company in the world. It still has quite a way to go. It sold 5.1 million in cars…
Bristol-Myers (NYSE: BMY) will buy Inhibitex (NASDAQ: IHNX) for $26 a share about 2.5x what the smaller company’s shares traded for on Friday. The entire consideration, all in case, for Inhibitex, is $2.5 billion.…
http://platform.twitter.com/widgets/hub.1324331373.htmlA number of reports showed that men lost most of the jobs destroyed by the recession. Now, there is one set of research that shows almost all of the jobs gained from June 2009…
IMF officials have privately expressed concerns about whether the Greek economy is viable enough to survive, even with currently contemplated levels of financial aid The NYT writes that The magazine said the IMF saw…
Motorola Mobility (NYSE: MMI) which will soon be owned by Google (NASDAQ: GOOG), showed it cannot hold its own against industry handset leaders like Apple (NASDAQ: AAPL) and Samsung Motorola’s earnings were crushed in the…
Two independent studios, usually overmatched by their larger brethren in terms of production budgets and marketing, will combine. Lions Gate Entertainment will buy Summit Entertainment, distributor of the popular “Twightlight” films. According to The Wall Street…
The gap between what taxpayers owed the IRS and what was paid on time in 2006 was $385 billion. Multiply that by the five years since, and one year of the national deficit would…
Yahoo!’s (NASDAQ: YHOO) new CEO Scott Thompson could make as much as $20 million. A document filed about his pay with the SEC shows The Agreement provides that Mr. Thompson will receive an annual base…
Yahoo!, troubled by moribund earnings, the lack of a CEO for several months, and poor decisions by its board, is apparently seeking new members for that board. The company just appoint PayPal leader Scott…
President Obama suggested that American businesses need to bring jobs back to the US as he discussed the December unemployment numbers We’re heading in the rightdirection. And we’re not going to let up. On…
Google’s (NASDAQ: GOOG) Android mobile OS could have 50% of the smarphone market share worldwide. If so, it would be a blow to Apple (NASDAQ: AAPL), Research In Motion (NASDAQ: RIMM), and the Nokia…
California’s budget gap narrowed according to information supplied by Governor Jerry Brown. The state still plans to cut some costs and increase taxes in the year ahead Brown announced, A year ago, the state…
Gallup found that consumer spending ticked up in December, a confirmation of what retail sales numbers and auto sales have already shown The research firm reports that Americans’ self-reported daily spending averaged $76 in…