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…
Apple (NASDAQ: AAPL) announced its new iCloud multimedia storage system and a new version of its OS called Lion. Nothing was said about updated versions of the iPad or iPhone at Apple’s World Wide…
The Greek government will sell 10% of the Hellenic Telecommunications Organization, the nation’s telecom company, to Deutsche Telekom of $585 million. That it not much for a country that has $130 billion in loans…
Three Congressmen, Reps. Darrell Issa of California, Dennis Ross of Florida and Jason Chaffetz of Utah are proposing to cut the federal workforce by 10% before 2015. There plan is simple . The Office…
A Washington Post/ABC poll showed Obama’s ratings on the economy hit a low. (Reuters) Steve Jobs of Apple (NASDAQ: AAPL) introduced the company’s new iCloud product. (Reuters) Wall St. stocks hit a 2 1/2…
Think the Internet is big now? You ain’t seen nothing yet. A recent report from Cisco Systems Inc. has some astounding predictions, including one that global Internet traffic will rise 4-fold from 2010 to…
The effects of Martha Stewart Living Omnimedia’s (NYSE: MSO) announcement that it would explore “strategic” options has worn off. This is to a large extent due to remarks made by Martha Stewart herself. Stewart told All…