The fate of News Corp (NYSE: NWS), already uncertain, has become more so. Rebekah Brooks, News International CEO, resigned. News Corp CEO Rupert Murdoch said he would defend her until the end. Perhaps her…
The federal and state governments spend approximately $5,296 a year on medical treatment for each poor and disabled person on Medicaid. Over 58 million Americans are enrolled in Medicaid. These average payments per patient…
Google Inc. (NASDAQ: GOOG) is out with earnings and the results are a bit stunning. The internet search giant (and digital amalgamated conglomerate) turned in earnings of $7.68 EPS and ex-TAC revenues were $6.92…
Today’s announcement by ConocoPhillips Corp. (NYSE: COP) that it would spin off its refining and marketing business has pushed the company’s share price up nearly 8% at the opening bell. Refining crude oil and…
The balance between a potential downgrade of US debt and strong bank results left the market without conviction. That leaves open the issue of whether the American debt cap and the flood of earnings…
The consumer economy is not entirely moribund. Retail sales rose .1% in June. It was not a sharp jump, but a modest sign that the American public has not locked themselves away in their…
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Clean Energy Fuels Corp. (NASDAQ: CLNE), Human Genome Sciences (NASDAQ: HGSI), GT Solar International,…
Updated throughout the day S&P has had private meetings with Congressional leaders to talk about the seriousness of a downgrade of US debt (Politico) China has privately warned the US about the issue of…
Often, large reports on trends put out by think tanks are a waste of paper or server storage space. Often, the documents are tainted by the political bias of the source of funds for…
Proprietary trading is supposed to be the core of bank profits. That is one reason financial firms have been concerned about the need to rid themselves of their proprietary trading desks under new federal…
Sony (NYSE: SNE) continues to humiliate itself with a series of poor decisions, many of which have severely damaged earnings. The latest of these is to launch yet another e-reader into a market that…
Moody’s has warned the U.S. that its paper may be downgraded if it defaults on its sovereign obligations after an August 2 deadline — the day by which the debt cap must be raised.…
The EU has reached no decision on Greece. The IMF favors private sector involvement (Reuters) Japan warned about the economic results of the rapid rise in the yen (Reuters) The dollar fell as Moody’s…
In an action that the markets are likely to ignore until the US gets much closer to the August 2 deadline to raise the debt ceiling, Moody’s put America’s Aaa rating on review for…
> Market cap before dropped bid: $22.o billion > Market cap after dropped bid: $18.7 billion pounds > Shareholder loss: $5 billion News Corp. has faced a wave of bad press and bad fortune since it was…
Rupert Murdoch’s News Corp (NYSE: NWS) withdrew its bid for the part of BSkyB that it does not already own. The question is when will News Corp be back with a renewed bid? News…
Twitter has, by most estimates, 225 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Glu Mobile, Inc. (NASDAQ: GLUU), Transcept Pharmaceuticals, Inc. (NASDAQ: TSPT), and Netflix, Inc. (NASDAQ:…
Updated throughout the day Oprah will take a larger role in her faltering cable network (WSJ) News Corp (NYSE: NWS) may sell all of its UK newspaper in the wake of the New of…
Amazon (NASDAQ: AMZN) faces a sales tax in California that it is not willing to pay. As a result, its relationships with affiliates in the state became strained, and the company will likely face…