Armies of economists have begun to increase their estimates of third-quarter GDP and employment levels. That is a mistake. They seem to have overlooked consumer confidence, which hit a 31-month low this month, according…
A deal to rescue the EU’s weak nations has stalled over political differences and objections by banks. (Reuters) IBM (NYSE: IBM) appoints Virginia Rometty as its new CEO. (Reuters) Amazon.com (NASDAQ: AMZN) earnings fail…
Yahoo! Finance: UPS reports higher profit, affirms outlook WSJ: 3M Profit Slips, Cuts Year View CNNMoney: Netflix stock sinks 35% as subscribers flee http://cnnmon.ie/vMQnaP $NFLX WSJ: Vital Signs: Gasoline Still Pricey Bloomberg: Amazon profit…
Updated throughout the day. Zynga’s IPO will happen the third week of November (Reuters) A group led by former BP plc (NYSE: BP) CEO Tony Hayward may offer to buy Norwegian oil company DNO.…
Novartis (NYSE: NVS) said it would cut 2,000 workers and outsource some functions to companies that will do the work for less than it can. Novartis will take a restructuring charge of $300 million.…
The new White House plan to help people with underwater mortgages is already a success or a failure, according to comments from the media and some housing experts. They cannot know. The critical factor…
nationsonline.orgThe worst alternative in the effort to bailout the weak nations of the EU would be to do it one country at a time. However, that may be the only avenue available to all…
The Obama administration announces a new plan to help underwater mortgage holders. (Reuters) Netflix (NASDAQ: NFLX) warns that more subscribers will cancel and shares fall 24%. (Reuters) Nearly 35% of News Corp. (NYSE: NWS)…
Eastman Kodak (NYSE: EK) is in talks to raise $900 million from investors. It is a perfect chance for financiers and the board to replace CEO Antonio Perez, who has run the company since…
Zombies may be the walking undead, but their contribution to Main Street’s economy is very much alive. In modern times, the zombie genre has evolved from a cult following to a highly popular theme.…
Wall St. slashed shares of NetFlix (NASDAQ: NFLX) has it missed all projections for revenue, earnings, and subscribers. The firm’s price decisions, which have alienated customers, may have permanently hurt the company. The poor…
By Gail Sheehy In case you have doubts, richer people are happier than poorer people. A 10% increase in income raises happiness in every country of the world, according to global research. What has…
CNN Money: Some M&A activity this AM: Cigna to acquire HealthSpring in $3.8B deal; Oracle is buying RightNow Tech in $1.5B deal. $CI, $HS, $ORCL, $RNOW NYT: Sara Lee to Sell Coffee Group to…
The FBI has began a probe into the fees from the Olympus takeover of a UK based company (Reuters) Google (NASDAQ: GOOG) has joined the companies which may bid for Yahoo! (NASDAQ: YHOO) (WSJ)…
A company can spend billions of dollars on R&D and get little respect as an innovator. Even though that is the conclusion of a new study by Booz & Co., the conclusion is misleading.…
If the stock market is any guide, the fortunes of U.S. companies and the American economy are not linked to the problems in the EU at all. That would mean that U.S. banks have…
Business confidence has suffered another setback, as indicated by a National Association of Business Economists report of cuts in its member forecasts for Q4 GDP. The news comes as a number of other comments…
Obama to announce aid for student and home loans. Home loan proposals will include refinancing for underwater mortgages. (Reuters) EU leaders press Italy for more austerity measures. (Reuters) China’s October PMI is moderately higher.…
nationsonline.orgAusterity, unemployment and low business confidence have pushed eurozone manufacturing levels to mid-recession lows. Research firm Markit reports: ? Flash Eurozone PMI Composite Output Index at 47.2 (49.1 in September). Lowest since July 2009. ?…
No one can predict the future with absolute certainty but many make educated projections. 24/7 Wall St. has reviewed long-term economic forecasts issued by the government, financial analysts, and academics. While they are different…