Several states regulate the consumption of soft drinks in schools. The action does not work if the goal is to lower overall drinking of these products. Young people just buy their sugary drinks elsewhere. People…
Olympus says it concealed losses for decades. (Reuters) Italy’s sovereign debt interest rates rise sharply. (Reuters) Toyota’s (NYSE: TM) profits fall and it withdraws its full-year forecast. (Reuters) Greece cannot decide on its new…
Banks have returned to the period when a rough economy kept them out of the loan business. This is particularly bad news for those seeking mortgages and small businesses. Unfortunately, these two type of…
The US housing market continues to deteriorate. Prices in some states have stabilized. In others, the sharp descent continues. CoreLogic reports that “national home prices, including distressed sales, declined by 4.1 percent.” in September…
The old people of America have a consolation. They may not have many years left, but they are wealthy, at least compared to the young. Young Americans face such severe financial barriers that they…
Barnes & Noble (NYSE: BKS) released its new Nook tablet e-reader. The company’s shares move higher by barely 1%. Wall St. must believe, as most analysts do, that the Nook will continue to be crushed by…
America’s largest newspapers have struggled to recover from what many analysts considered certain extinction. These properties are at the point where they have some chance to continue, although as smaller companies. Circulation numbers from…
Brent crude was not supposed to rise to $120 again. That was good news, because high oil prices has been viewed as a potential trigger of a global economic slowdown. And, there are already…
Updated throughout the day Barnes & Noble (NYSE: BKS) may release a new Nook, and drop prices on some of the e-readers (Reuters) Walt Disnet (NYSE: DIS) and Google’s (NASDAQ: GOOG) YouTube have set…
General Motors (NYSE: GM) management says it will double sales in China by 2015, according to several media reports. GM executives should know better. It would be better to underpromise and overdeliver, a maxim…
France’s economic woes. Concern about eurozone sovereign finances has swung quickly from Greece to Italy and France. The change has happened even though the trouble in Greece has gotten worse. This means contagion will not…
Wall St. has voted on how strong holiday sales will be this year. Shares of Best Buy (NYSE: BBY) and Target (NYSE: TGT) are down year to date. Walmart (NYSE: WMT) and Sears (NYSE:…
Amazon.com (NYSE: AMZN) has set the price of the Kindle Fire so low that many analysts believe each unit sold will lose money for the e-commerce company. Amazon will offer free shipping as well.…
Germany and France are the twin towers built to support Europe’s dwindling financial strength. That has changed rapidly, and Germany is left to stand alone. That will alter the balance of power in the eurozone. It also…
There is concern that the new Greek government will not be stable enough to run the nation. (Reuters) As finances in Italy deteriorate, concerns grow about the ability of the government to implement austerity…
Late word is that a new multi-party government will rule Greece. Current prime minister George Papandreou will leave. The head of the new government will be current finance minister Evangelos Venizelos who would work…
The Greek democracy is over 3,000 years old, and it may take another 3,000 for the nation to sort out its national debt problems. Prime Minister George Papandreou was able to withstand a vote…
President Obama this week signed an executive order directing federal regulators to address shortages of vital prescription drugs. According to the president, the order, which does not need congressional approval, was necessary to reduce…
Bank of NY Mellon is in talks with federal prosecutors about charges it inflated fees for currency trades (WSJ) Greek Prime Minister George Papandreou will leave office (CNBC) Bank of America (NYSE: BAC) will…
The fate of Greece remains undetermined. Rumors are that Prime Minister George Papandreou will leave as part of a brokered agreement to get the opposition party to support austerity measures. There are also rumors…