Private-equity firm Sycamore Partners has made an offer for troubled retailer The Talbots (NYSE: TLB). A multiyear turnaround has failed and the company’s board recently said it had pushed out its CEO and would…
JC Penney (NYSE: JCP) may buy a 16.6% stake in Martha Stewart Omnimedia (NYSE: MSO) according to The New York Times. The price would be $3.50 a share, or a 16% premium to where MSO…
Several media sources say that Verizon (NYSE: VZ) will begin a service that will compete with Netflix (NASDAQ: NFLX) The video rental service is considered competition to cable companies, telecom TV products, and satellite…
The Chinese government confirmed what most of the world already knows. The economy of the world’s most populous nation slowed between October and November. PMI data indicated that the critical manufacturing sector was in a…
Reports in the FT said that the eurozone plans to double the size of its bailout fund. True or not, this pushed shares higher across Asia and at the open in Europe The Nikkei…
According to media reports, Citigroup (NYSE: C) will fire 4,500 people MarketWatch reports The bank will make the cuts which are less than 2% of its workforce, in an effort to trim costs, , citing…
Building supplier Lowe’s (NYSE: LOW), the second largest retailer in the category after Home Depot (NYSE: HD) said its expectations for the fiscal year remain as they were when the company made forecasts in November. It…
German factory orders rose in October, a sign that demand from outside the country rose According to Bloomberg Orders, adjusted for seasonal swings and inflation, jumped 5.2 percent from September, when they dropped 4.6…
Growth in the euro-region remained steady based on statistics released today. These confirm numbers issues last month. According to Bloomberg Gross domestic product rose 0.2 percent from the second quarter, the European Union’s statistics…
The widening gap between the rich and poor is not just an American problem. According to a new study by the Organisation for Economic Co-operation and Development, income inequality in most economically developed countries…
The shale oil industry, still in it infancy, has created hundreds of thousand of jobs, and it will support 870,000 by 2015. That would make the sector one of the larger employers in the…
Eurozone on notice. The situation in Europe, so promising just days ago, took a sharp turn for the worse. S&P put 17 nations in the euro area on credit watch and said it might even downgrade…
HTC, based in Taiwan, is supposed to be the leader among the world’s Android-based smartphone companies. It is supposed to be the company with products that can challenge Apple’s (NASDAQ: AAPL) iPhone franchise. Those assumptions were true…
If the rich will not be taxed at the federal level, perhaps they will be state-by-state. California Governor Jerry Brown has suggested that state residents who make more than $250,000 should pay a special…
S&P’s threat of a downgrade of eurozone nations puts huge pressure on the region’s leaders. (Reuters) An independent panel that reviewed the financial activity of Olympus suggests legal action be taken. (Reuters) An MIT…
Chicago Fed chief Charles Evans says the Federal Reserve must act now to curtail a rapidly deteriorating US economy. In a speech he said Central bankers must formulate monetary policy with the understanding that…
BP (NYSE: BP) claims that partner Halliburtong (NYSE: HAL) hide evidence about its role in the Deepwater Horizon incident. Each company faces huge liability because of the explosion of the rig and subsequent oil leak. There has…
The poisoning of a child in China who drank a Cola-Cola (NYSE: KO) yogurt product may have been intentional. Since the incident appears to be isolated, Coke will probably not have to recall a…
The Wall Street Journal reports that Ford (NYSE: F) will begin the hunt for a new CEO. Alan Mulally, the successful chief executive of the No.2 American car company is expected to step down for retirement.…
BP plc (NYSE: BP) said high oil prices could cap a worldwide financial recovery. “It is important in the current situation of a fragile global economy and I think right now we are probably…