Austerity combined with an improvement in tax revenue helped the UK show a better budget deficit than expected Bloomberg reports that Britain’s budget deficit narrowed more than economists forecast in November as tax revenue…
The one hope that financially weak eurozone nations have to offset the effects of austerity on their economies is to show GDP growth. That not likely because austerity robs economies of stimulus money. New…
Honda (NYSE: HMC), which has been dogged by the value of the yen and loss of production due to the March earthquake will move more production to North America, one of its largest markets,…
The Federal Reserve will try to set rules on risks taken by US banks. The central bank announced The Federal Reserve Board on Tuesday proposed steps to strengthen regulation and supervision of large bank…
Markets in Asia and Europe were up after strong housing data was released in the US, and American markets advanced over 2%. The Nikkei 224 was up 1.41% to 8,454. The Hang Seng was…
According to the Wall Street Journal, hackers hit the U.S. Chamber of Commerce. The paper reports that: A group of hackers in China breached the computer defenses of America’s top business-lobbying group and gained…
Update: The Wall Street Journal reports that Nokia (NYSE: NOK) and Microsoft (NASDAQ: MFST) may also have consider a join bid. The rumors that a company would offer to buy Canadian smartphone pioneer Research In…
Oracle (NASDAQ: ORCL) shares fell 8% after it reported worse than expected earnings The software company said fiscal 2012 Q2 GAAP and non-GAAP total revenues were up 2% to $8.8 billion. Both GAAP and…
Markets moved up at the open with the DJIA higher by over 200 points. Market leaders included Sprint-Nextel (NYSE: S), up nearly 5% as the AT&T (NYSE: T) deal with T-Mobile was cancelled. Alcatel-Lucent…
Updated throughout the day Olympus will get $1.28 billion in financial help from Sony (NYSE: SNE) (Nikkei) Apple (NASDAQ: AAPL) bought Anobit (Calcalist) Apple and KKR will invest in a solar venture in California…
The U.S. may have run out of criminals, and crimes of passion must have nearly disappeared. The FBI reports that violent crime dropped again in the first half of 2011. The decline has continued for…
Consumer confidence has climbed in Germany as the year ends. It is an extraordinary development because the balance of Europe is in such a depressed state. But the numbers reinforce how Germans view the prospects of…
The UK has finally, unofficially left the EU. The departure began when it would not agree to modifications to restructure the region’s financial mechanism enforcement. Provisions in the plan would have affected London’s banks. The UK…
It is strange that the New York Times (NYSE: NYT) would want to sell its local media group. Local papers are, in most cases, doing better than large metropolitan ones. Yet, Halifax Media Holdings…
The UK says it will not contribute to a new IMF-based 150 billion euro package for use in bailing out regional economies. The UK government senses that as it pushes it own austerity to make up…
AT&T (NYSE: T) gives up on its effort to buy T-Mobile. (Reuters) Apple (NASDAQ: AAPL) wins a patent case over HTC in the smartphone wars. (Reuters) Olympus will sell shares to Sony (NYSE: SNE)…
Markets across the world mostly rose. They ignored potential trouble from succession issues in North Korea and a spread of the eurozone debt problem. North Korea seems stable for now. A new IMF facility to…
Sony (NYSE: SNE) has counted on its new Playstation Vita portable game device to resurrect its chance in the console business. Early signs are that the attempt has worked. Nintendo sold 371,000 of its…
Olympus, its balance sheet hurt by money lost in fraudulent activity, will rebuild its balance sheet with a sale of $1.28 billion to partners Sony (NYSE: SNE) and FujiFilm. The scandal that has engulfed…
Continuing a long list of battles among smartphone companies, Apple (NASDAQ: AAPL) won a case against Taiwan’s HTC. The ITC said HTC violated one Apple patent. HTC should have enough time to change the technology involved so that…