The IMF says it will not support future payments to Greece unless the government shows it has the will to pass more austerity measures. Eurozone finance ministers have already delayed a $17 billion payment.…
It may be hard to find a job when jobs are so hard to find. A new Gallup poll reports that “Americans’ assessments of the job market have soured in June after showing modest…
Fitch said a voluntary roll-over of Greece sovereign debt would be viewed as a default. (Reuters) This week is critical to US budget talks as an August 2 deadline looms. (Reuters) Wal-Mart (NYSE: WMT)…
It could be that Apple (NASDAQ: AAPL) has not released a major product in a quarter. The consumer public and Wall St. are used to a new iPhone, iPad, or completely new device every…
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 Thursday morning. We are tracking news and moves in shares of Harbin Electric (NASDAQ: HRBN), Level 3 Communications (NASDAQ: LVLT), and Vitacost.com, Inc. (NASDAQ: VITC).…
Updated throughout the day Japan’s PM told associations what the terms of his resignation would be (Kyoto) Ford (NYSE: F) will spend $1 billion to upgrade Lincoln (WSJ) Airbus received a $17.2 billion order…
The US has not been an important player in the TV manufacturing business for as long as most people can remember. Many of the goods sold by huge superstores such as Wal-Mart are made…
The US government and Greece each need money, though direct comparisons made between the southern European nation and America are wrong. The US can afford to run a deficit for years, and spend federal…
The rudderless IMF still has the capacity to issue long-term forecasts for global growth. Its recently published June World Forecast proves that. As it looks ahead, it sees what many economists do. Short-term global…
Euro-zone financial ministers said they would delay a new installment payment to Greece until it was clear that the nation had adopted new austerity measures. (Reuters) ICANN, the global domain name company, will release…
The numbers are worse every time the UN’s Food and Agricultural Organization organization issues a new report. The OECD-FAO Agricultural Outlook 2011-2020 predicts that prices will drop slightly this year because global harvests are supposed…
J.C. Penny (NYSE: JCP) shares rose sharply on Tuesday after the troubled retailer announced that the chief of Apple’s retail operations (NASDAQ: AAPL), Ron Johnson, would be its new CEO. The stock moved higher…
NetFlix (NASDAQ: NFLX) lost Sony’s (NYSE: SNE) movie content and the premium content rental firm said the problem was temporary. The NetFlix announcement does not read that way, which should concern shareholders Hi, Pauline…
Owens-Illinois (NYSE: OI) sold down 15% last week as Venezuela seized some of the company’s assets in that country. Later in the week, Morningstar said the sell-off was overdone. Cognizant Technology Solutions (NASDAQ: CTHS)…
Shares in JC Penney (NYSE: JCP) rose 14.5% for the week as the faltering retailer appointed Ron Johnson, who has run Apple’s (NASDAQ: AAPL) retail stores as its next CEO. The market should be…
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of Research in Motion Limited (NASDAQ: RIMM), Harbin Electric, Inc. (NASDAQ: HRBN), Zoran Corporation (NASDAQ:…
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…
Updated throughout the day. The SEC may file civil fraud cases against credit rating agencies (WSJ) Citigroup (NYSE: C) has not been able to sell its CitiFinancial unit (FT) William Ackman may raise capital…
Greece’s Socialist government announced that Evangelos Venizelos will replace George Papaconstantinou as finance minister. Whether a new cabinet created by Greek Prime Minister George Papandreou will help break the deadlock which has prevented Greece…