Samsung boasted that it sold more smartphones than Apple (NASDAQ: AAPL) in the third quarter, but it may not have made much money in the process. Volume is nearly useless without margins. Samsung shipped…
ChartFor the first time in almost a year, it appears that unemployment has begun to improve. October jobless numbers could fall well below 9% for the first time since the start of the recession.…
Spain’s unemployment rate rose to 21.5% last quarter. (MarketWatch) EU officials not expecting China to invest in the region’s bailout, despite reports to the contrary. (Reuters) Hewlett-Packard (NYSE: HPQ) to keep its PC unit.…
Earlier this week, President Obama announced he would extend the mortgage refinancing program in an effort to provide relief to homeowners whose mortgages are worth more than the value of their homes. Nationwide, one…
Update: Avon shares dropped 18% today on poor earnings and word of an SEC investigation. Our earlier comments: Andrea Jung, the chief executive of Avon Products (NYSE: AVP) since 1999, has done a terrible…
Updated throughout the day. AIG (NYSE: AIG) may sell part of its equity in AIA Group (WSJ) Warner Music (NYSE: WMG) is close to a buyout of EMI (WSJ) Douglas A. McIntyre
European Financial Stability Facility $1 trillion saves greece. The eurozone has set a larger European Financial Stability Facility (EFSF), which may have a balance as high as $1.4 trillion. This amount will allow a…
Sony (NYSE: SNE) has decided to buy out its 50% partner in the Sony Ericsson smartphone joint venture. That is another bad decision, one that will cost the Japanese company in money and reputation. Sony…
The failure of the new Nintendo 3DS and upgraded Wii have caused the Japanese company troubles similar to those faced by Motorola, Research In Motion (NASDAQ: RIMM), and Nokia (NYSE: NOK) in the past.…
nationsonline.orgThe eurozone has created a larger European Financial Stability Facility (EFSF), which will be set at more than 1 trillion euros. This will allow for a new bailout of Greece. The southern European nation…
The housing market needs demand. It looks like baby boomers will not be among those likely to buy new homes. That will further undermine an increase in prices and possible drop in inventory, which…
Eurozone officials decide on a second bailout of Greece and a larger EFSF. (Reuters) Private financial firms have positive reactions to the Obama plan to aid more homeowners with underwater mortgages. (Reuters) Research In…
Markets in Asia and Europe rose as much as 3% on news that a bailout of Greece had been completed. The European Financial Stability Facility will be increased to 1 trillion euro. In exchange…
Unilever (NYSE: UL) subsidiary Ben & Jerry’s has announced solidarity with “Occupy Wall Street,” even donating ice cream to hungry protestors at the movement’s makeshift headquarters’ in New York City’s Zuccotti Park. Notwithstanding its…
The shares of Sprint-Nextel (NYSE: S) have been reeling all morning and have fallen by more than 7% to $2.50, not far above a 52-week low of $2.10. Wall St. has become more convinced…
There will be more “Going Out Of Business” sales after the first of the year than was expected just weeks ago. Deloitte’s annual holiday survey data shows that: Consumers who plan to spend less…
Updated throughout the day. Rajat Gupta, formerly a board member of Goldman Sachs (NYSE: GS) will face criminal charges for insider trading (Reuters) Nintendo will have a first half loss of $1.3 billion (Nikkei)…
Nokia’s new Microsoft smartphone: Today will be remembered as the day that Nokia (NYSE: NOK) began an historic turnaround, or when it lost its bet on new smartphones that run the Microsoft (NASDAQ: MSFT)…
Short sellers moved out of stocks that have fallen recently. Perhaps they believe there will be a large rally in the market. There is little else to make the shares of companies with poor…
Amazon.com’s (NASDAQ: AMZN) Jeff Bezos has gambled on his company’s long-term prospects before. He did so again last quarter, and it cost his shareholders, at least for a while. Bezos has run Amazon since…