The National Association of Realtors reports that Total existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 1.4 percent to a seasonally adjusted annual rate of 4.97 million in October…
Hewlett-Packard (NYSE: HPQ) shares are off $26.49. The company will report earnings after hours. They will be the released since Meg Whitman took over as CEO
Updated throughout the day Clearwire (NASDAQ: CLWR) may skip a major bond payment to preseve cash (WSJ) UBS (NYSE: UBS) may cut its bonus pool. (FT)
Moody’s warned that France is at risk for a downgrade in the credit rating agency’s outlook. This does not mean a loss of its AAA rating is imminent. It does mean that another eurozone nation…
The signs that point to a new recession recently have grow larger. That has not kept members of the National Association for Business Economists from forecasting moderate growth next year. Their view is out…
The CEOs of Gap (NYSE: GPS) and Best Buy (NYSE: BBY) are at the ends of their respective ropes. If each company has poor holiday sales, as is expected, both chief executives likely will be…
China must have seen a prolonged recession coming from far off. Its export business has dropped. Chinese government figures are considered unreliable, and some experts say they paint the picture the central government wants painted. The…
Trouble with eurozone debt, a slowing economy and a heavy debt load have finally caught up to France. Moody’s warned it could change its outlook on French sovereign paper, although the agency said a…
The supercommittee appears unlikely to settle on a deficit agreement. (Reuters) A senior Chinese official says he expects the global recession to last for some time. (Reuters) Spain’s center-right People’s Party gains a majority…
According to MarketWatch, Japan swung back to a trade deficit in October, with the Ministry of Finance reporting Monday a trade gap of 273.8 billion yen ($3.56 billion). The result missed a median forecast…
Yesterday’s approval of broad pension reform by the Rhode Island legislature increases financial stability for the state and may set a precedent for other U.S. states, according to Fitch Ratings. Rhode Island’s pension reform…
The soda industry has a problem. Some of the industry’s largest selling and most famous brands have lost well over a third of their sales in the last decade. When those brands include Sprite,…
Bloomberg: Boeing wins record $21.7B order | http://bloom.bg/vOeh0v $BA WSJ: Spain Credit Crunch Deepens http://on.wsj.com/v3SnJN BBC: Greek budget will ‘cut deficit’ http://bbc.in/tkpwNv MarketWatch: ECB-IMF proposal for bailouts reportedly gains traction; Frankfurt and Paris erase losses http://on.mktw.net/tHJve2 Douglas A.…
Heinz (NYSE: HNZ) Sales in the quarter ended October 26, 2011 grew to $2.83 billion, fueled by Emerging Markets, which delivered 15.8% organic sales growth (50.3% reported). The acquisitions of the Quero brand in…
The weekend break in equity trading may produce more anxiety than relief. As Friday draws to a close, most stock markets probably will be down for the day, and certainly will be for the…
There is a problem with tax collection in a country that has instituted austerity measures while simultaneously trying to attack tax evaders, and that is there may be no one to collect the money…
Nothing in the Census report on child poverty levels for 2009 and 2010 was unexpected. The 2010 poverty rate rose slightly to 21.6%, the highest level since 2001. That is the year when the…
Microsoft (NASDAQ: MSFT) should have bought Facebook four years ago, when it might have had to pay only a few billion dollars. Since then, the social network has cruised past MSN, Aol (NYSE: AOL)…
Greek citizens stage large protests. (Reuters) Citigroup (NYSE: C), Bank of America (NYSE: BAC) and Morgan Stanley (NYSE: MS) could be affected when S&P updates its credit ratings on the world’s 30 largest banks. (Reuters)…
International nuclear energy firms have fanned out across the globe since the 11 March Fukushima nuclear accident in Japan to drum up new business, with two of their most lucrative potential markets being the…