In an op-ed piece for the Financial Times, IMF chief Christine Lagarde wrote about the world’s current economic and sovereign debt troubles: “So there are no easy answers. But that does not mean there…
A sell-off of major bank stocks and sovereign securities makes it likely that France and Germany will determine the short-term future of the eurozone in upcoming meetings. (Reuters) Google (NASDAQ: GOOG) makes a $12.5…
It was not long ago that computers revolutionized the way people do business across the world, fully changing the way that people communicate and organize their personal and professional lives. The downside to the…
MSNBC: Stop coddling the super-rich: Buffett Zerohedge: And back down: US Empire Manufacturing (Aug) M/M -7.72 vs. Exp. 0.00 (Prev. -3.76) FT: Google buys Motorola mobile phone unit WSJ: New York-Area Manufacturing Contraction Continues…
Google (NASDAQ: GOOG) will buy mediocre handset firm Motorola Mobility (NYSE: MMI). It is probably a play to compete with Apple. The difference is that Motorola has a relatively weak line of products, particularly…
Saab is one of the major brands that will go under this year. Once owned by GM (NYSE: GM), it has not been able to find financial backers to take it forward. So, it…
Economists were overjoyed because Japan’s GDP only contracted at an annual rate of 1.3% based on readings from the past quarter. They had expected a figure closer to 2.6%. Consumer activity was also better…
“… there’s not a country on Earth that wouldn’t trade places with us.” So President Barack Obama said in his weekly radio address. President Obama’s comments that every and any nation in the world…
Robert B. Zoellick, the World Bank Group president, recently said that the global economy had reached a “new danger zone.” He added, “I think that confidence in economic leadership has been slipping.” Please. Please.…
Time Warner (NYSE: TWC) to buy Insight Communications from Carlyle for $3 billion. (Reuters) Electronic Arts (NASDAQ: ERTS) expects holiday sales to be strong. (Reuters) Security experts say hackers may make Google (NASDAQ: GOOG)…
When it comes to saving, behavior varies widely among nations. Residents of the United States only save 5.8%. But the residents of 10 countries save more than 9% of their disposable incomes. Economists are…
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of Citigroup, Inc. (NYSE: C), J.C. Penney Company (NYSE: JCP), and NVIDIA Corporation (NASDAQ: NVDA).…
Yahoo! Finance: BofA chief meets top officials http://yhoo.it/ow32Dp $BAC MarketWatch: U.S. retail sales climb 0.5% in July; May and June figures upwardly revised http://on.mktw.net/nM21pH CNNMoney: Regulators imposed a temporary short-selling ban in four European…
Updated throughout the day The SEC is exploring who knew about the downgrade of US debt to AA+ before the information was public (WSJ) Wal-Mart (NYSE: WMT) may but the Brazilian operations of Carrefour…
The Hellenic Statistical Authority reported today that GDP in the country fell by 6.9% in the second quarter. It is another sign that no rescue package by the EU and IMF can cut deficits…
The U.S. Postal Service will try to cut 120,000 to 220,000 workers; the number depends on the source of the information. The Washington Post was the first medium to report the agency’s plans. The…
It is more difficult by the day to determine whether Google (NASDAQ: GOOG) Android powered devices have gained some edge against Apple (NASDAQ: AAPL). New ABI Research information shows that Android has begun to…
The slowdown or reversal of the economic growth in countries is no longer limited to the weak EU nations, the U.S., and the UK. Japan cuts its forecast for 2011 growth to 0.5%, as…
Retail data becomes the focus of Wall St. (Reuters) China locates another 22 fake Apple (NASDAQ: AAPL) stores. (Reuters) The Nikkei drops below the important 9,000 mark. (Reuters) Brent drops below $108 on demand…
Stock markets matter, and Americans should be concerned about severe market downturns. If you disagree, consider this: There have been eight major bear markets since the start of the Great Depression. All but one…