The unions that have staged strikes against Verizon (NYSE: VZ) believe that the company does well enough in its ancient wireline business that they should remain well compensated. Verizon usually highlights its wireless operations…
Risk in Europe continues to drag on global shares. (Reuters) Concerns about how S&P (NYSE: MHP) sets rating bring calls for reform. (Reuters) Rules on CME (NASDAQ: CME) margins move gold lower. (Reuters) Intel…
Going to college used to be a nearly sure way of getting a steady job. But as many recent graduates will attest, this is no longer the case. However, there are hundreds of thousands…
Apple (NASDAQ: AAPL) became the most valuable company in America yesterday when its market cap passed Exxon Mobil’s (NYSE: XOM). The move draws attention to what market capitalization means, and why it is important.…
WSJ: Tencent’s Profit Falls Short of Forecast http://on.wsj.com/qSBeIh NYT: DealBook: Groupon Drops Criticized Yardstick, but Shows More Growth http://nyti.ms/oyOxf6 CNNMoney: IEA says oil demand could be hurt by a sluggish economy http://bit.ly/ppPMQs #commodities #oil…
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Cree, Inc. (NASDAQ: CREE), Motricity (NASDAQ: MOTR), and Polo Ralph Lauren Corporation (NYSE: PR).…
Short sellers moved into bank stocks ahead of the sell-off based on data for the period that ended July 29. Shares sold short in JPMorgan (NYSE: JPM) rose 17% to 33.6 million. The short…
China’s export levels were still extremely strong last month. The strength came as the world’s economy seems on the brink of a new recession. The People’s Republic said that its trade surplus rose to…
California is terribly low on money once again. State Controller John Chiang issued a report in which his office said its “monthly report covering California’s cash balance, receipts and disbursements in July, showing revenues…
Goldman Sachs (NYSE: GS) says QE3 was likely after the Fed’s recent comments. (Reuters) HSBC (NYSE: HBC) sells its U.S. credit card business to Capitol One. (Reuters) China not likely to raise interest rates…
The CEOs at many of the most troubled companies have been in place for a long time and investors have to question how they keep their jobs. Eventually, performance has to count, even in…
Apple (NASDAQ: AAPL) briefly became the most valuable company in the world today. When it hit $364 billion in worth, it passed long-time leader Exxon Mobil. Over a span of two years, Apple’s market…
The stock market was in free fall Tuesday afternoon and investors were panicking. Many were seeing their savings dissolve as the Big Board flashed red. The market seemed to be reacting to Standard &…
The real estate market is already in the deepest depression in modern U.S. history. If you think it can’t get any worse, think again. In several cities, the real estate market is about to…
by Michael Grabell, ProPublica, Aug. 9, 2011, 11:46 a.m. The nation’s top economists are already giving odds on a double-dip recession . The Federal Reserve has only a few bullets left in its gun.…
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of ARM Holdings (NASDAQ: ARMH), General Electric Company (NYSE: GE), JP Morgan Chase & Co.…
Updated throughout the day. Wal-Mart (NYSE: WMT) is in talks to buy Carrefour Brazil (Reuters) Ben Bernanke may announced QE3 today (various) HSBC (NYSE: HBC) may sell its credit card business (FT) Douglas A.…
About 45,000 Verizon (NYSE: VZ) workers have walked off the job after their contract expired and management and union failed to reach a deal. While 45,000 sounds impressive, it doesn’t come close to some…
The consensus among economists is that the Federal Reserve has run out of options to save the troubled American economy and collapsed stock markets. That may not be true, depending on how radically the…
Two events, a world apart, signaled that the global slowdown has begun in earnest, if it ever ended at all. The National Bureau of Statistics in China announced inflation of 6.5% for July, a…