How well run are America’s 50 states? The answer depends a lot on where you live. For the second year, 24/7 Wall St. has reviewed data on financial health, standard of living and government…
Moody’s and other credit rating companies are sometimes accused of announcing changes in their opinions after the fact. Its new warning on European sovereign debt comes right on time. The region may have only…
The Thanksgiving/Black Friday weekend yielded much better retail figures that expected. This signals that retail sales could return to the robust level of the mid-2000s, before the recession began. That, in turn, would bode…
The holiday shopping period has begun with a level of success that few experts expected. U.S. consumers apparently have ignored the threat of a financial catastrophe in Europe, ongoing unemployment, a slowing U.S. economy and the…
Moody’s says the EU debt crisis threatens the sovereign ratings of all nations in the region. (Reuters) Three large BSkyB shareholders will vote against James Murdoch staying on as chairman. (Reuters) The IMF says…
The National Retail Federation announced, based on a survey from BIGResearch, that Black Friday weekend spending reached $52 billion. According to the survey, a record 226 million shoppers visited stores and websites over Black…
A report in the New York Post says Pacific Sunwear of California (NASDAQ: PSUN) will need to raise money to pay for expensive store leases. The paper also reports that PSUN has hired investment…
It takes little bad news to ruin a new product’s launch, particularly if the product is revolutionary enough to be strange to the public. According to the National Highway Traffic Safety Administration, the new…
Deutsche Telekom will receive a $4 billion break-up fee if AT&T (NYSE: T) cannot engineer a buyout of the Germany company’s T-Mobile unit. That would create a large war chest. Instead of exiting the…
A Sony (NYSE: SNE) official said the company’s non-consumer sales could reach $26 billion within three to five years. He gave absolutely no support for the prediction, making it useless
The OECD has warned in its latest Economic Outlook that both the euro area and U.S. could quickly move into recession. The organization says that only a sharp change in economic policy will prevent…
A potential agreement between Germany and France to use the ESFS and increase cooperation among euro zone nations has pushed regional markets higher by as much as 3%. The DAX is higher by 2.88%…
A potential agreement by France and Germany about how the European Financial Stability Facility might be used to help weak nations in the regions has caused a sharp rally in global shares. According to MarketWatch,…
Moody’s said the eurozone crisis threatened the sovereign ratings of all nations in the region. In a note the credit agency reported. The continued rapid escalation of the euro area sovereign and banking credit…
Hope of a resolution to the EU debt crisis driven by new plans from Germany and France pushed Asia markets higher. The Hang Seng (HSI) rose 1.96% to 18,o4o. The Nikkei was higher by 1.51%…
comScore (NASDAQ : SCOR) reported U.S. retail e-commerce spending for the first 25 days of the November – December 2011 holiday season. For the holiday season-to-date, $12.7 billion has been spent online, marking a 15-percent…
Americans apparently disregarded the state of the economy, the failure of Congress to agree on a deficit package, unemployment, and low home values. ShopperTrak reported that Black Friday retail sales rose 6.6% to $11.4…
The sovereign debt forest fire moved to Hungary, the debt of which was downgraded to junk status by Moody’s . Other factors were even more important as the fate of the EU becomes more…
Research firm GfK reports that brand loyalty to Apple (NASDAQ: AAPL) is much higher than to other wireless products (Reuters) AT&T (NYSE: T) began to ready itself for the probable end of its merger with…
Walmart (NYSE: WMT) has waited for years to gain the ability to have 100% ownership in a large retail company in India. It should be careful what it wishes for. It has failed in its efforts…