JCPenney (NYSE: JCP) bought the Liz Claiborne brand from Liz Claiborne (NYSE: LIZ), along with other, smaller brand assets. The deal did not excite anyone on Wall St. JCPenney traded flat at just above…
ChartIt is hard to understand why General Motors (NYSE: GM) would continue to punish itself by moving further into the electric car market. Sales of its Chevy Volt have been a few hundred per…
China’s trade balance fell and weakness of the EU economy was largely to blame. That problem is unlikely to come to an end soon and probably will worsen. China’s trade surplus was $14.5 billion…
Aol’s (NYSE: AOL) CEO approaches large investors about a merger with Yahoo! (NASDAQ: YHOO). (Reuters) The IMF says China can weather global financial and economic risks. (Reuters) Wall St. will watch Google (NASDAQ: GOOG)…
n the wake of its recent decision to cancel its natural gas contracts with Russia’s state company Gazprom, the Turkish government is considering its energy import options. Black Sea Energy and Economic Forum director…
There is a school of thought that says the restaurant business is always a good business – people need to eat. A glance at the sales of many of America’s largest restaurant chains over…
One day after OPEC released its monthly oil market report, the International Energy Agency published its monthly report. The two agree on most things, but differ on details. Most important, both see a decline…
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of AAPL, Inc. (NASDAQ: AAPL), Liz Clairborne, Inc. (NYSE: LIZ), and Pepsico, Inc. (NYSE: PEP).…
Updated throughout the day. A whistle blower named Grant Wilson tracked currency trades at BNY Mellon, trades which may have harmed pension funds returns (WSJ) News Corp (NYSE: NWS) is under further investigation on…
There are news reports that Hewlett-Packard (NYSE: HPQ) may not spin off its large PC business. The business is a financial drag on the company’s prospects. HP will be hurt if a spin-off or…
The people with the best credit scores live in Wisconsin. That may be because there are few pockets of poverty there. Any other explanation would be hard to prove. It would also be hard…
Eurogroup Chairman Jean-Claude Juncker has as much right to offer possible solutions to the eurozone financial disaster as anyone, and better credentials than most. He laid out a ten-step plan, but it includes a…
The principle but opposed beliefs about austerity are 1) that budget cuts balance national books and 2) that they kill the stimulation necessary to rekindle economic growth during and after a recession. UK employment…
The Senate passed a bill that would press China to allow the value of its currency to rise. It is time to take stock of what the action would cost America if the House…
Alcoa (NYSE: AA) earnings bring markets lower. (Reuters) Senate defeats the Obama jobs bill. (Reuters) Sony (NYSE: SNE) says a third party tried to sign into 93,000 PlayStation accounts. (Reuters) The Research In Motion…
Each year, Business Travel News publishes its Annual Airline Survey, ranking the five largest domestic airlines in the U.S. The results are based on a poll of 406 travel managers and buyers who spend…
While the debate rages over whether or not the U.S. should enact legislation aimed to curb currency manipulation — and specifically the Chinese peg to the U.S. dollar — the impact of such legislation…
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Aeropostale, Inc. (NYSE: ARO), BigBand Networks, Inc. (NASDAQ: BBND), and Netflix, Inc. (NASDAQ: NFLX).…
New York State Comptroller Thomas P. DiNapoli has released a report that says Wall St. will lose 10,000 jobs by the end of next year. This is part of the normal cycle big financial…
European Central Bank President Jean-Claude Trichet said, as he spoke to EU leaders in Brussels, “The crisis has reached a systemic dimension. Sovereign stress has moved from smaller economies to some of the larger…