Philips Electronics may be unable to shed its TV operation and will fire 4,500. (Reuters) Kinder Morgan (NYSE: KMI) to buy El Paso (NYSE: EP) for $21 billion and will save $250 million in…
Kinder Morgan (NYSE: KMI) and El Paso (NYSE: EP) released an agreement for Kinder to acquire the outstanding shares of El Paso in a deal that will create the fourth largest energy company in…
ChartAmong the large numbers of issues that are said to prove that the recession never ended is whether Americans can afford the “basics” that have been part of what the middle class has been…
The Administration–the Treasury Department in particular–has decided to delay its twice-annual International Economic and Exchange Rate Policies report to Congress. The reason is certainly the dispute about whether China will be named a “currency manipulator” …
When Google Inc. (NASDAQ: GOOG) reported third-quarter earnings last night, CEO Larry Page noted that the company’s mobile advertising revenues are currently running at an annual rate of $2.5 billion, up 2.5x from about…
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of Alcatel-Lucent (NYSE: ALU), Baidu.com, Inc. (NASDAQ: BIDU), Ford Motor Company (NYSE: F), and Google, Inc.…
Updated throughout the day. Cerberus and Chatham Trust will buy Innkeepers USA (Reuters) Netflix (NASDAQ: NFLX) will license “Gossip Girl” and other premium content from CBS (NYSE: CBS) and Time Warner (NYSE: TWX) (WSJ)…
Dell (NYSE: DELL) has held the number two spot in the world’s PC market share ranks for years. It has been just behind Hewlett-Packard (NYSE: HPQ), which is still trying to decide what to…
China was supposed to be the salvation of the global auto manufacturing business as sales in the U.S. and Europe have slowed in the past half decade. Now, the China Association of Automobile Manufacturers…
Gap (NYSE: GPS) took the coward’s way out. Buried among announcements about its global sales plans, it reported that “the company is committed to rebalancing its specialty and outlet stores within North America, resulting…
Google (NASDAQ: GOOG) announced monster earnings on the same day that the New York Times (NYSE: NYT) said it would cut more workers. This news shows once again how great the divide is between…
When the G20 meets, the focus will be on the EU crisis. (Reuters) Google’s (NASDAQ: GOOG) Q3 numbers kill concerns about U.S. ad markets. (Reuters) JPMorgan (NYSE: JPM) earnings pull down equity markets. (Reuters)…
It is not unusual for brands to disappear. It is unusual to see major brands resurrected. Scores of brands like New Coke, Circuit City, and Borders are likely to be gone forever. But a…
Each year, hundreds of thousands of temporary workers are hired by retailers to handle the demands of the holiday season. The number of seasonal workers added is considered a bellwether for the economy. This…
After the credit crisis, it’s been encouraging to see that across America credit scores have been slowly improving. Despite the improvements, many scores are still lacking. As to be expected, some cities that have…
Andrea Jung, the chief executive of Avon Products (NYSE: AVP) since 1999, has done a terrible job for shareholders over the last several years. The company’s stock is down 35% since October 2009. Avon’s…
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Alcatel-Lucent (NYSE: ALU), Fairchild Semiconductor, International (NASDAQ: FCLD), Research in Motion, Limited (NASDAQ: RIMM),…
MarketWatch: First-time jobless claims little changed last week, dip to 404,000 mark CNBC: JP Morgan CEO On #OWS: We’ve added 13,000 new jobs in US in the last 12 months. In small business & middle…
Carrefour is the largest retailer in Europe and the second largest in the world. Like Walmart (NYSE: WMT), it has struggled to make sales in it core market. Carrefour just dropped its financial forecasts…
ChartMore Americans have trouble providing food to their families than the Chinese do. That is extraordinary news because the U.S. is the world’s leading consumer economy and China is only considered an emerging one.…