Facebook hit by a bug that put porn and graphic violence images onto many pages. (Reuters) Apple (NASDAQ: AAPL) names Walt Disney (NYSE: DIS) CEO Robert Iger to its board. (Reuters) Dell (NASDAQ: DELL)…
Microsoft (NASDAQ: MSFT) killed off talk about breaking up the company when the issue was raised at its annual meeting. Many investors believe that the firm’s game console and search operations should not be…
Kodak shareholder Investment Partners Asset Management (IPAM) has asked the company to add a proposal to its proxy for 2012 to kill the company’s poison pill. The investment firm said, “Shareholders have a right to…
The U.S. Postal Service ended its 2011 fiscal year ( Sept. 30, 2011) with a net loss of $5.1 billion. The year-end loss would have been approximately $10.6 billion had it not been for…
Apple (NASDAQ: AAPL) added Robert Iger, the CEO of Walt Disney (NYSE: DIS) to its board. Steve Jobs had been on the Disney board and was the entertainment companies largest shareholder. Apple named Arthur…
CNBC: October Retail Sales up 0.5% CNBC: Home Depot Profit Rises, Ups Outlook http://cnb.cx/txVODD Zerohedge: Walmart misses EPS boosts forecast WSJ: Home Depot Profit Rises 12% http://on.wsj.com/swekqM NYT: Wal-Mart $WMT Q3 EPS looks like…
Updated throughout the day. The Newsweek Daily Beast media company will lose $30 million this year. IAC/InterActiveCorp (NASDAQ: IACI) owns half of the venture (NYT) Newt Gingrich was paid $300,000 by Freddie Mac to lobby…
Germany’s mixed bag. Two key economic figures out of Germany offset one another. GDP grew 0.5% in the third quarter. The number was up 2.6% from the same quarter last year. The advance was a…
The hyperbole of statements about the EU crisis hit a new high. Angela Merkel said, “Europe is in one of its toughest, perhaps the toughest hour since World War Two.” Merkel conveniently forgot things…
No one knows quite how Google (NASDAQ: GOOG) will make money on its Android mobile OS. Some of the software in the OS may violate Microsoft (NASDAQ: MSFT) and Apple (NASDAQ: AAPL) patents. Those issues…
The more that conservationists and politicians talk about fossil energy alternatives, the more oil and coal the nation’s energy companies find. The discoveries will not go on forever, but the U.S. is probably more…
The U.S. Supreme Court will hear arguments about the Obama health care law. (Reuters) Angela Merkel says Europe may face its greatest crisis since World War II. (Reuters) Italy’s Monti will discuss what cuts…
College graduates with student loans owed an average of $25,250 in 2010, an all-time high and a 5% increase, according to a recent report. What makes matters worse is that students graduating in 2010…
Zerohedge: Goldman On German Q3 GDP: “Last Hurrah Before The Recession” http://tinyurl.com/bu4pcxe NYT: Buffett Amasses 5.5% Stake in IBM http://nyti.ms/uXmB1B CNBC: $BAC to sell about 10.4 B Shrs Of China Construction Bank; Expects Pretax…
Updated throughout the day. The former CEO of Olympus may return as chief executive (FT) Search firm Egon Zehnder International has started to handle the search for a new retail chief to run Apple’s…
The OECD said most economies slows in September. In its monthly report the organizaiton reported “Compared to last month’s assessment, the CLIs point more strongly to slowdowns in all major economies. In Japan, Russia…
Big retailer earnings due this week. Earnings from Dell (NASDAQ: DELL), Target (NYSE: TGT) and Walmart (NYSE: WMT) are due this week. The numbers from Target and Walmart, particularly their guidance for the current quarter, could easily…
Target (NYSE: TGT) announced in late 2009 that it would no longer use Amazon.com’s (NASDAQ: AMZN) tech platform to run Target.com. The country’s second largest retailer wanted to completely control its online operations. However,…
Lowe’s Companies (NYSE: LOW) reported net earnings of $225 million for the quarter ended October 28, 2011, a 44.3 percent decline from the same period a year ago. Diluted earnings per share decreased 37.9 percent…
It will take a long time for the new Italian government to restore confidence in the nation’s debt. An auction of $4.1 billion in five-year notes produced a gross yield of 6.2%. CNBC reports that…