There is a strong indication that home builders have almost ceased activity in several states as demand for newly built homes has dwindled. The slowdown in new home permits is particularly stark when compared…
New data from Gallup shows what economists might have expected. Unemployment has risen in the US recently, as the economy has slowed or perhaps even gone into reverse. The trend is confirms by slack…
Updated throughout the day. Apple (NASDAQ: AAPL) may invest in a Sharp LCD plant (Reuters) Buyer have backed away from market for top tier real estate prices because of fears of a bubble (WSJ)…
China became the largest car and light truck market in the world when it passed the U.S. two years ago. This has prompted all of the big auto manufacturers to quicken their efforts in…
The British labor market crumbled recently. The UK Office for National Statistics reported that the number of people who claimed unemployment benefits moved higher by 37,100 in July to 1.564 million. Unemployment in the…
Dell (NASDAQ: DELL) expects the balance of its fiscal year to be difficult financially. The computer firm said the economy is softening. Critics say that the firm’s products are old and ill-suited to a…
SABMiller makes a hostile bid for Foster’s Group. (Reuters) The Swiss National Bank says the franc is overvalued. (Reuters) News Corp. (NASDAQ: NWS) management under more pressure as a reporter says News of the…
The global diamond mining industry may be one of the world’s best-kept secrets. Next to anything else having to do with diamonds, that is. The four largest diamond miners in the world are De…
In the seemingly never-ending round of intellectual property lawsuits over smartphone technology, Taiwan’s HTC Corp. has fired the latest shot. The smartphone maker has filed a complaint with the International Trade Commission alleging that…
Game consoles and handheld game players took another shot to the chin today as Sony Corp. (NYSE: SNE) dropped the price of its Playstation 3 console by $50 on both the $299 160-Gbyte and…
While high poverty in some urban areas comes as no surprise, the growing poverty rates in a few suburban areas have been more unexpected. In an attempt to better understand this trend, 24/7 Wall…
CNNMoney: Permits to build new homes slump 3.2% and new home construction drops 1.5% in July, the government says. MarketWatch: U.S. housing starts fall 1.5% in July as building permits drop; June figures revised…
Sam Walton left his children his share of the world’s largest retailer–Walmart (NYSE: WMT). The family still has the control block–1.68 billion shares or over 48% of outstanding. S Robson Walton is the company’s…
Last Wednesday morning, August 10, two Enerfin Resources employees discovered a suspicious parcel attached to an the company’s natural gas pipeline near the intersection of Oklahoma Highway 27 and a county road near Okemah…
Chrysler has tried to rebuild its image under the management of Italian car company Fiat. The number three U.S. manufacturer even makes money. The issue that continues to nag the firm is whether anyone…
Germany reported that its second-quarter gross domestic product rose only 0.1%. That disappointing number can be added to the U.S. growth rate of 1.3%, the 0.2% rate in the UK and Spain’s 0.2% estimate…
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…