Updated throughout the day. Treasury has begun to examine alternatives to default after August 2. (Reuters) Blackstone (NYSE: BSX) will raise $16 billion for its new buy-out fund (Reuters) Apple (NASDAQ: AAPL) will launch…
It would have been hard to imagine just a year ago that Microsoft’s (NASDAQ: MSFT) growth engine would be the phone business. It has turned out that the most exciting developments at the world’s…
U.S. Labor Department data showed that, during the downturn, men lost jobs at a faster rate than women. There was never an entirely adequate explanation of the trend. Women do make only about 80%…
The press has given the joint venture between Facebook and Skype to deliver video chat a large amount of coverage. Facebook Video Calling does not offer anything new. Skype has had video links between…
Treasury officials examine ways to prevent default if an August 2 deadline to increase the debt cap is not met by Congress (Reuters) LaGarde will give a Chinese official a top job at the…
It makes sense for a car rental company to offer drivers insurance. The car does belong to the rental company. The idea that an auto manufacturer would offer free insurance makes less sense. GM…
The price of austerity has begun to hurt local and state government employment again. The trend is the continuation of one that started three years ago as a sharp drop in tax receipts decimated…
Challenger, Gray & Christmas remarked that layoffs moved higher in June. “The number of planned job cuts announced by U.S.-based employers increased by 4,297 or 11.6 percent to 41,432 in June.” The information was…
Moody’s has been called arrogant before. It has misread the value of mortgage-backed securities and re-rated troubled balance sheets of corporations and nations well after the bad news that affects them is out. Now,…
Nothing compared to the negative press News Corp (NYSE: NWS) has gotten in the last three days as its The News of The World is accused of tapping the phone of a dead girl…
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of ASML Holding N.V. (NASDAQ: ASML), DragonWave, Inc. (NASDAQ: DRWI), and Hutchinson Technology Incorporated (NASDAQ:…
Updated throughout the day. AirAsia will up its Airbus order to 300 planes (Reuters) Strauss-Kahn lawyers may meet with prosecutors to settle charges or dismiss them completely (NYPost) Sony (NYSE: SNE) said hackers hit…
Over the past 15 years, the federal government paid nearly $150 billion in subsidies to U.S. farmers. It paid $77 billion to plant corn in the U.S. between 1995 and 2010; $32.4 billion to…
HTC, the Taiwan based smartphone company, posted extraordinary earnings for its fiscal second quarter. Earnings more than doubled to $608 million, exceeding most analysts forecasts. The firm said much of its success was based on sales…
Any good news about jobs is surprising news. The data about unemployment has been that bad. The economy is not supposed to add to non-farm payrolls much more than a few hundred thousand jobs…
The NFIB, which acts as an advocate organization for small businesses, issued a report called “Small Business Credit In A Deep Recession.” The group could have avoided this waste of effort. The conclusions of…
Banks object to plans that would allow regulators to clawback pay if a bank becomes troubled and has to be liquidated (Reuters) Geithner has not told The White House he wants to resign (Reuters)…
The financial domino game in the eurozone hasn’t stopped. With Moody’s downgrade of Portugal, the sovereign debt crisis has began to spread beyond Greece again, even as the funding of the southern European nation…
Eastman Kodak (NYSE: EK) has been on and off life support for years. Its shares trade just above $3 down from nearly $30 in mid-2007 and and $75 in 1999. Kodak has posted a…
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…