Shares of embattled Web 2.0 e-coupon IPO Groupon (NASDAQ: GRPN) fell another 9% to an all-time low of $14.85. Shares have traded as high as $31.14 since the offering. Skeptics believe that the company has…
Deutsche Bank analyst Chris Whitmore checked 100 locations that sell Apple (NASDAQ: AAPL) products and found 75% were sold out of iPhone 4S at the close of business. Analyst firm Piper Jaffray reported that iPad sales…
Shares of Sprint-Nextel (NYSE: S) have lagged the market considerably today. The stock is up only 2.3% as the broader market is higher by 3.5%. Sprint shareholders are concerned that AT&T (NYSE: T) will…
According to The New York Times, A judge on Monday rejected a proposed $285 million settlement between Citigroup Inc and the top U.S. market regulator over the sale of toxic mortgage debt and ordered…
According to Gallup: As Americans are no doubt feeling a familiar post-Thanksgiving bulge in their waistlines, Gallup data reveal insights into how those who say they have ever lost weight made it happen. Americans…
GM (NYSE: GM), stung by NHTSA test results that showed fire risk from test crashes of Chevy Volts, will offer alternative loan cars to customers. Mark Reuss, president, GM North America, said in a…
ComScore’s Video Matrix for October was released today. It showed that Google’s (NASDAQ: GOOG) YouTube property dominates online video viewship. Facebook, VEVO, and Microsoft (NASDAQ: MSFT) sites were distant seconds. The report said Google…
Consumer debt fell an extremely modest .6% in the third quarter compared to the second according to the New York Federal Reserve The report said Aggregate consumer debt fell approximately $60 billion to $11.66…
The Census and Department of Housing and Urban Development reported that new homes sales were only 307,000 in October. September adjusted sales were 303,000. The numbers continue a string of weak numbers. The report…
US indices rose over 3%. The DJIA was higher by 2.83% to 11,549. The NASDAQ was higher by 3.58% to 2,529. The S&P was up by 3.23% to 1,196. The stocks of troubled banks…
New research by Deloitte shows Cyber-Monday shopping activity should be strong. Some shoppers, however, will delay purchases until later in the hope of getting bargains Deloitte reports among holiday shoppers today on Cyber Monday,…
Research firm Sterne Agee downgraded Research In Motion (NASDAQ: RIMM) from Buy to Neutral. The company’s shares recently reached a seven year low as the firm’s Blackberry product losses market share to Apple’s (NASDAQ: AAPL)…
November car sales are expected to be strong, which would continue a string of good months for the industry, despite a rough economy Research firm Truecar reports that The November 2011 forecast translates into…
Updated throughout the day. AT&T (NYSE: T) will sell more assets to get government approval of the buyout of T-Mobile (WSJ) Microsoft (NASDAQ: MSFT) may participate in a bid for Yahoo! (NASDAQ: YHOO) to…
According to the AP: For the second time in as many market days, Italy paid sharply higher borrowing rates in an auction Monday, as investors continued to pressure the eurozone’s third largest economy to…
Amazon.com (NASDAQ: AMZN) said sales of its Kindle soared on Black Friday. In a press release, the largest e-commerce company said: Black Friday was the best ever for the Kindle family and the popular Kindle…
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…