The Greeks smoke and drink too much, or the supply of alcohol and tobacco has contracted considerably. The National Statistical Service of Greece put out its September consumer price data. One of the ways in…
The President’s Council on Jobs and Competitiveness has all the same trappings of an administration commission that the bipartisan National Commission on Fiscal Responsibility and Reform did. The reform commission recommendations to balance the…
CEOs from General Electric (NYSE: GE), Intel (NASDAQ: INTC), Boeing (NYSE: BA) and other companies tell Obama in their President’s Council on Jobs and Competitiveness report that he must get more foreign investment into the…
It seems that the top universities deliver on their promises and that a top education very nearly guarantees a successful career and high salary. Princeton graduates, for example, earn $130,000 (median salary at mid-career),…
Updated throughout the day. Yahoo! (NASDAQ: YHOO) founder Jerry Yang may try to buy the company (Reuters) Alibaba and Tamesak my try to buy Yahoo!’s interest in the China e-commerce company (Bloomberg) BNP Paribas…
Yahoo.comMany M&A experts have considered Microsoft (NASDAQ: MSFT) or private equity interests like Silver Lake to be the most likely buyers of Yahoo! Instead, it appears that founder Jerry Yang and Alibaba (financed by…
The economic “recovery” in the U.S. has not helped the income of most Americans. That seems counterintuitive. A recession is supposed to depress pay, and pay is supposed to rebound in a recovery. But,…
Saudi Arabia, the largest member of OPEC, based on crude production, says it sees no drop in the demand for global oil. That runs against forecasts for demand made by most economists and organizations,…
Sprint-Nextel (NYSE: S) does not deserve the money it soon will request from Wall St. The company caused consternation among investors last week when its management said the firm would need more capital to…
Dexia rescued, part nationalized and part receives guarantees from Belgium. (Reuters) Germany and France agree to crisis plans for the region’s banks. (Reuters) A huge growth of debt in China could cause a hard…
Walmart announced a partnership today with the world’s largest social media service offering unique Facebook pages for 3,500 of its stores. The move, according to the world’s largest retailer, is an effort to bring…
The media has struggled to understand why thousands of protesters have occupied Wall St for days and seem to have no plans to leave. It is simple on one level: the protestors read the…
ChartWhatever faith investors regained in the stock market between the huge sell-off that caused lows in the spring of 2009 and the recovery that peaked this last July is gone. Is it any wonder?…
AT&T (NYSE: T) sold 200,000 Apple (NASDAQ: AAPL) iPhone 4S smartphones in the first 12 hours it was available (Reuters) Fitch cut its ratings of Spain and Italy (Reuters) Sprint-Nextel (NYSE: S) share fell…
The dream of owning a home has become increasingly unattainable for many Americans, and the situation is not likely to improve soon, as the collapse of the housing market and the recession continue to…
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of E Trade Financial Corporation (NASDAQ: ETFC), Illumina, Inc. (NASDAQ: ILMN), and Netflix, Inc.…
Updated throughout the day. Sberbank of Russia may make an offer for the Turkish unit of troubled Belgian-French financial group Dexia (Les Echos) Yahoo! (NASDAQ: YHOO) is in the early stages of the sale…
Zipcar (NASDAQ: ZIP) brought new convenience to the car rental market, but whatever moat it created has been damaged by the actions of America’s largest car companies and their car rental partners. The Zipcar…
ChartThe U.S. Census put out its analysis of home ownership recently and there was confusion about why certain cities had home ownership of more than 75%. The reason is obvious. Cities with high rates…
Sony-Ericsson is one of the great losers in the smartphone race, which has largely been won by Apple (NASDAQ: AAPL) and Google’s (NASDAQ: GOOG) Android-based phones. Yet, Sony (NYSE: SNE) foolishly wants to buy…