E-Commerce activity continued to surge, and outpace bricks-and-mortar sales. Comscore reported holiday season retail e-commerce spending for the first 39 days of the November – December 2011 holiday season. For the holiday season-to-date, $24.6…
Samsung may be gaining rapidly on global handset market leader Nokia (NYSE: NOK), which has been beaten at every turn in the smartphone business. The South Korean company said it will sell 300 million handsets…
nationsonline.orgThe grand plan–the grand bargain–to save Europe’s financially weakest nations, met with more skepticism as the hours after its create passed. Widely consider too little in terms of money and too late in terms…
Updated throughout the day Ontario Teachers’ Pension Plan will sell its ownership stake in the NHL’s Toronto Maple Leafs and the NBA’s Raptors to BCE and Rogers (Reuters) Sinopec will buy some of BG Group’s piece…
NokiaNokia (NYSE: NOK) will soon launch its Lumia 710, a Microsoft (NASDAQ: MSFT) mobile powered smartphone, in the U.S. Sales in the first week may well determine the fate of the phone with consumers. Nokia…
How wealthy does someone have to be to be wealthy? Not too much, according to a new poll by Gallup. The data show that Americans, who the government says have a median household income nationwide of…
Moody’s downgraded its long-term rating of Societe Generale to A1. Its ratings of Credit Agricole and BNP Paribas dropped to Aa3. If Moody’s had confidence in a solution to the eurozone debt crisis, it probably would not…
nationsonline.orgEU nations have approved a plan to provide new financial aid to weak nations, but one that would more carefully regulate the budgets of the weakest nations. Though details were sparse, one thing is clear.…
Europe has cobbled together what appears to be a solution to the sovereign debt crisis. The markets do not believe in its efficacy. Most shares traded down once details were release. But the details…
Jon Corzine of MF Global says he does not know where much of the firm’s funds went. (Reuters) Samsung wins the legal fight over whether it can sell its tablet PC in Australia despite…
Twitter has resigned its member pages. They have been set to carry more information about users than the old one does. Some analysts claim the change to it compete with Facebook. That remains to…
The Wall Street Journal reports that Walmart (NYSE: WMT) has started an investigation of bribery change in some of its overseas operations. The paper reports, The world’s largest retailer said in a regulatory filing with the…
Toyota (NYSE: TM) cuts its earnings forecast for the next year by 52%. It face a lack of parts from flooded industrial regions of Thailand. The value of the yen has also eaten into…
Industrial output and inflation in China fell. It means the start of either a soft or hard landing for China’s econony. Inflation in November dropped to 4.2%. This means 6% plus inflation and 12%…
A court in Australia lifted a ban on the sales of its tablet PC–the Galaxy. Apple (NASDAQ: AAPL) which makes competitor iPad lost the action. Reuters reports that Apple and Samsung have been embroiled in…
Asia stocks fell before a vote on more provisions for a financial bailout. The agreement was finally approved and regional markets were flat The Nikkei 225 was down 1.43% to 8,541. The Hang Seng…
Twenty-three of the twenty-seven members of the euro area approve a new treaty to set a group policy to address the financial crisis. The UK, Sweden, Czech Republic, and Hungary voted against the provisions.…
Updated throughout the day Japan may spend $13 billion to bail out Tokyo Electric Power (Reuters) Alibaba has sought $4 billion in financing to buy part of Yahoo! (NASDAQ: YHOO) European regulators will seek…
Many American companies have done incredibly well this year. A number posted extraordinary financial results in 2011. Others have launched products that revolutionized markets. Of course, many big public corporations also did very poorly.…
New York governor Mario Cuomo has set a new system to tax high-income earners and give tax relief to middle-class state residents. The program looks quite a bit like a plan set by California governor…