All 20 major US markets showed year-over-year home price declines during June. The drop was led by Minneapolis where prices fell 10.4%. Prices in Portland were off 9.6%. In Phoenix they fell 9.3%. Price…
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Bank of America Corporation (NYSE:BAC), Dollar General Corp. (NYSE:DG), Emerson Electric Company (NYSE:EMR), LDK Solar…
Zerohedge: Fed Dove Evans Open Mouth, Demands More QE, Sends Gold Soaring Bloomberg: Labor supply dwindles in China | NYT: Italy Sees Borrowing Costs Fall WSJ: Starbucks to Be Offered in K-Cups Douglas A.…
Updated throughout the day News Corp (NYSE: NWS) has expanding an internal investigation into reporting practices at its UK papers (Reuters) Douglas A. McIntyre
LG, the third largest handset maker in the world, is about to release its new 4G-enabled Thrill. It will be marketed by AT&T (NYSE: T). The Thrill is another in a flood of 4G…
Italy appears to have admitted that its recent austerity plans fail to go far enough to bring down its deficit to levels that would be acceptable to the European Central Bank. Prime Minister Silvio…
Bill Gross, who manages the world’s largest bond fund, told the Financial Times and almost anyone else who would listen: “Do I wish I had more Treasuries? Yeah, that’s pretty obvious. … I get…
Amazon (NASDAQ: AMZN) is likely to succeed where Hewlett-Packard (NYSE: HPQ), Dell (NASDAQ: DELL), Research In Motion (NASDAQ: RIMM) and several other PC and consumer electronics companies have failed. Its new Google (NASDAQ: GOOG)…
Foreign oil companies may have to give up natural gas rights in Iraq. (Reuters) Several large pharma firms are in the early stages of an attempt to find new and more effective cholesterol drugs.…
Even as the value of residential real estate around the developed world continued its multi-year plunge in the second quarter, some countries bucked the trend. In seven national markets, housing values rose by more…
FT: China moves to curb off-balance sheet lending http://on.ft.com/qg3OWt #FinancialTimes NYT: Greek Lenders Alpha Bank and Eurobank to Merge WSJ: Greek Banks to Merge WSJ: Union: Saab May Go Bankrupt FT: Doubts over German…
Updated throughout the day. Tumblr will raise money at a $800 million valuation (WSJ) China will curtail off balance sheet lending by its banks (FT) AT&T (NYSE: T) and T-Mobile have set $100 million…
No one would be shocked by research that shows Americans view the federal government negatively. What might be unexpected is just how much they do. The percentage of people who view the federal government…
The Pew Internet & American Life Project released new research that shows “Fully 65% of adult internet users now say they use a social networking site like MySpace, Facebook or LinkedIn, up from 61%…
“Senior executives say widespread favoritism exists in large organizations, yet few admit practicing favoritism themselves,” according to research by Georgetown University’s McDonough School of Business. The study adds that among senior management, “29 percent of…
Most of the central bankers and the head of the IMF ignored the power of voters in the developed nations, where growth and deficits are twin problems, when they made comments at the recent…
LG Display (NYSE: LPL) cuts capital expenditures as demand for LCD screens is hurt by tablet PC sales. (Reuters) Samsung to delay its tablet launch in the U.S. because of IP lawsuits from Apple…
The environment for selling homes becomes more difficult with each passing month. Some estimates put 11.1 million mortgages, about 23% of the U.S. total, underwater, meaning that homeowners owe their banks more than the…
Steve Jobs’s transition from CEO of Apple (NASDAQ: AAPL) to chairman has caused a great deal of ink to be spilt on the departure of other famous CEOs, such as Walt Disney, Henry Ford,…
Zerohedge: Government has subtracted an annualized 2.0% of economic growth in the past 3 quarters due to overly front load stimulus NYT: Second-Quarter G.D.P. Revised Down to 1% MSNBC: US economy grew at slightly…