Nokia was badly hurt by poor earnings and rumors of a takeovers. CVS suffered from a report by Fox Business the organized crime has hurt retail margins. EMC division RSA suffers major hack data…
Twitter has, by most estimates, 175 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. GM (NYSE: GM) may sell its European Opel operations (Reuters) Nokia (NYSE: NOK) will be bought by Samsung (various) Securities regulators are reviewing transactions between Goldman Sachs Group (NYSE: GS)…
The Financial Times reports that hackers have gained access to a number of Citigroup (NYSE C) credit cards numbers which belong to the bank’s customers. “The bank said that about 1 per cent of…
OPEC decided not to change its production targets after bickering among its members. Crude prices rose above $100 on the news. There are worries that any sign of increased global consumption tied with the…
The race to be IMF chief has come down to two candidates. The favorite is France’s finance minister, Christine Lagarde. She has been deeply involved in the EU bailouts of Greece and Portugal and…
Congressional leaders will consider tax cuts as part of talks on an increased US debt cap. (Reuters) Citigroup (NYSE: C) said hackers gained access to data on bank cards. (Reuters) St Louis Fed Chief…
American Apparel has too many stores. The company (AMEX: AAP) raised $14.9 million through a sale of shares on April 25 to save itself from what was a likely bankruptcy. The shares were sold…
Twitter has, by most estimates, 175 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 Wednesday morning. We are tracking news and moves in shares of Ciena Corporation (NASDAQ: CIEN), LM Ericsson Telephone Company (NASDAQ: ERIC), and JDS Uniphase Corporation…
Updated throughout the day. Najafi may make an offer for the assets of Borders. (WSJ) UBS may relocate its US trading operations from Stamford CT to NYC (NYT) Google (NASDAQ: GOOG) and France Telecom…
Every state posted GDP growth between 2000 and 2010, according to the latest U.S Department of Commerce data, which was released earlier this week. The growth rates, however, were very wide. Michigan’s GDP grew…
On June 6, Apple announced its new storage service, iCloud. The platform will combine application services on multiple kinds of devices with a seamlessly integrated online, cloud storage system. The service is meant to…
The UN Food and Agricultural Organization issued its biannual Food Outlook. Everyone from commodities traders to those who follow the news only occasionally knows what it says. Food prices are near all-time highs. The…
The World Bank published its new Global Economic Prospects 2011. The initial message in the report was “The financial crisis for most developing countries is over.” That statement must be news in places like…
The Bureau of Labor Statistics released its “Job Openings and Labor Turnover Survey” for April. The top-line conclusion was: There were 3.0 million job openings on the last business day of April, essentially unchanged…
The acting head of the IMF said that the US does not need stimulus because exports and disposable income will lift GDP. (Reuters) Facebook’s facial recognition technology is increasing worries about privacy. (Reuters) A…
The top priority for Pedro Passos Coelho, the incoming Prime Minister of Portugal, is to ensure that his country sticks to the austerity measures mandated by the IMF’s and EU’s 78 billion-euro ($114 billion)…
Halliburton coverage moved negative after courts approved a class action suit by shareholders. GE and Capital One were hurt because of plans to buy ING Direct. An Airbus move to increase competition with Boeing…
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of AEterna Zentaris Inc. (NASDAQ: AEZS), SunOpta, Inc. (NASDAQ: STKL), and Zion Oil & Gas…