The President’s Jobs and Competitiveness Council made one of its first public statements on how the pace of US economic growth could be accelerated. The document is not useful because its recommendations are vague…
A blue ribbon jobs council told Obama to put fewer restrictions on construction and make it easier for tourists to visit the US. (Reuters) Indonesia backed LeGarde for IMF chief. (Reuters) Trouble with the…
The drumbeat of negative economic news has continued at an alarming rate. For residents of some regions in the U.S., the noise is even louder. These are the areas where the already tottering recovery…
Gary M. Pfeiffer holds a remarkable number of important jobs on the board of directors of retailer The Talbots. He is chairman, head of the compensation committee, and a member of the corporate governance…
American Electric Power received bad press because it shuttered some coal facilities and will lay-off workers. Toyota said its profits will fall 35% The Washington Post’s Kaplan division will cut staff as revenue falls.…
Debates over austerity oftentimes get nasty and personal. In Iowa, the fiscal dust-up has taken a turn for the silly. Democrats in the state Legislature say they are outraged that Gov. Terry Branstad (R)…
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. Hillary Clinton may be the next president of The World Bank (Reuters) Ally Financial may delay its IPO (Reuters) Anglo Irish Bank may sell its $10 billion US commercial real…
Short sellers must not agree with the conventional wisdom that high gas prices and unemployment will keep Americans out of stores and malls this summer. These investors decreased their negative bets against many major…
The Ivy League MBAs who go to work at consulting firm McKinsey & C0. may not have to worry about employment, but a new study by the firm shows that nearly everyone else should.…
Do not tell Americans that they should worry about the deficit or the battle over the debt…
Hilary Clinton may become the head of the World Bank. (Reuters) Toyota (NYSE: TM) said it expects profits to fall by 35% due to the effects of the earthquake. (Reuters) PIMCO’s Bill Gross said…
In the 1990s, Kevin Mitnick was the most wanted cyber-criminal in the world. These days, Mitnick is wanted for another reason — his expertise. Demand for Mitnick’s services as security consultant — a legitimate…
Just when things look like they couldn’t get any worse for Greece comes word that the Southern European nation grew at a mere 0.2% in the first three months of the year. That is…
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…