A Google (NASDAQ: GOOG) executive said that 3.7 million Android devices were activated on December 24 and 25, a sign the sales of smartphones which use the OS were brisk Andy Rubin tweeted UPDATE: There…
Apple’s (NASDAQ: AAPL) new television product could do more to change the industry since the dawn of color TV, if an analyst at Sterne Agee is correct. The research firm said that its analyst…
The Bank of Italy paid about half the interest rate on six month notes that it did just last month-a sign that concerns about sovereign debt in the region have ebbed. The average yield…
Weekly U.S. Retail Chain Store Sales Snapshot provided by Goldman Sachs and ICSC showed that figures for the latter part of the shopping season surged The report showed Down to the wire, consumers had…
A number of economists believe the U.S. debt burden, budget problems, recession and lack of growth will soon be the same as those now facing many EU nations. This would mean that America has…
Flickr, Images of MoneyThe Conference Board reported that the Consumer Confidence index was 64.5 in December, a gain of almost 10 points from November. That is near the highest measure since the recession ended.…
The Treasury Department backed away from labeling China a currency manipulator again as it posted its “Semi-annual Report to Congress on International Economic and Exchange Rate Policies.” It was another lost opportunity to address…
The most closely watched triggers for oil prices have turned from China’s consumption and OPEC production to Nigeria and Iran. Political turmoil may determine prices for some time. Iran warned yesterday that it may…
Crude oil prices have moved higher for a week, based on fear of a supply interruption threatened by Iran. The rogue nation said it may stop shipments through the Strait of Hormuz, which is…
Obama nominates Jeremy Stein and Jerome Powell to take seats at the Federal Reserve. (Reuters) New York Times (NYSE: NYT) sells its regional media group for $143 million. (Reuters) The U.S. Treasury declines to…
Research firm ForeSee released its customer satisfaction ratings for the shopping season — its Holiday E-retail Satisfaction Index. The e-commerce ratings mirror, in most cases, the states of the parent companies’ revenue. Amazon.com (NASDAQ: AMZN)…
Asia shares sold off after news of weak retail sales and poor industrial output. Output in November was down 2.6%. November retail sales fell 2.6% The Nikkei was down .2% to 8,424. The Hang…
Eastman Kodak (NYSE: EK) has the right to delay the announcement of certain events under SEC regulations. It did so when it disclosed today that two of its board members resigned on December 21.…
The numbers do not add up. Sears Holdings (NASDAQ: SHLD) has over 4,000 full-line and specialty stores. Same-store sales for the eight weeks that ended December 25 were down 5.2%. That figure represents a…
A number of incredible new products were launched this year. Apple (NASDAQ: AAPL) introduced the iPhone 4S — a phone with voice command — and Boeing’s (NYSE: BA) 787 Dreamliner — a fuel efficient…
Google (NASDAQ: GOOG) chairman Eric Schmidt says his company will launch a new tablet PC in 2012. The product will run on the firm’s Android OS mobile platform. Google likely will struggle with the product,…
A new poll of economists by the AP reads like many others. The U.S. GDP will improve in 2012, so long as it is not undermined by European problems and a host of other…
France announced that its unemployment rate reached a 12-year high last quarter. The finance minister of Spain said he expects the nation’s GDP to contract this quarter and next. The pressure on austerity plans as…
The retail industry, just off a successful holiday season, must now wait for data on how post-holiday sales went. The Monday after Christmas is one of the busiest of the year. Two things are…
Retailers hope that “mega Monday” sales continue a string of strong retail results. (Reuters) The MF Global disaster prompts requests that the systems for grain trading to be changed. (Reuters) Chinese investment tradition likely…