Updated throughout the day. SAC faces a government investigation on insider trading activity from the MedImmune takeover (WSJ) Steve Jobs will unveil Apple’s (NASDAQ: AAPL) iCloud service this month (Reuters) Carlyle Group may choose…
What makes people happy? The question, which has been debated by philosophers for centuries, now is being tackled by international bureaucrats and the results are interesting, to say the least. 24/7 Wall St. analyzed…
Nokia (NYSE: NOK) looks quite a lot like the old Motorola did five years ago. Motorola’s cellphone business was nearly ruined as the company failed to replace its RAZR with another popular handset. Motorola…
China’s PMI growth dropped to the lowest level in three quarters. The government’s Purchasing Managers Index fell to 52 compared from 52.9 in April, according to the National Bureau of Statistics. The slowdown happens to…
Deutsche Telekom has a problem. It has effectively sold T-Mobile to AT&T (NYSE: T) for $39 billion. T-Mobile management has almost certainly begun to work on a transition which will include layoffs and changes…
The House defeated a bill to raise the national debt limit. (Reuters) Google (NASDAQ: GOOG) unsuccessfully tried to form a venture with Facebook. (Reuters) SAC is under investigation for its trading of Medlmmune. (WSJ)…
Medford, New Jersey, a wealthy suburb of about 22,000 outside of Philadelphia, may seem to be the least likely place to have a cash-strapped school district. The community is mostly white, fairly wealthy…
Nokia (NYSE: NOK) chairman Jorma Ollila really should not be on the 24/7 Wall St. America’s Worst Directors List. Nokia is based in Finland, but it is traded on the NYSE and is often…
Chiquita Brands (NYSE: CQB) was sued for supporting dangerous para-military groups in Columbia in 2007. The EU began what is likely to be a vigorous examination of the Western Digital (NYSE: WDC) takeover of…
Home prices reached a double dip according to Case-Shiller. “Data through March 2011, released today by Standard & Poor’s for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show that…
Updated throughout the day. Goldman Sachs Group (NYSE: GS) lost almost all of $1.3 billion it managed for Libya’s sovereign fund in 2008 (WSJ) Oaktree Capital will launch an IPO for alcohol company Stock…
When it comes to education, money does not always equal success. An in-depth analysis by 24/7 Wall St. found that states that spend loads of money on education don’t necessarily yield higher-achieving students than…
Steel is essential to most national economies, but it is one of China’s critical components for its massive manufacturing machine which builds a wide array for products from cars and light trucks to homes…
Korean car companies sold 109,000 units in May, according to car research firm Edmunds. That would put the sales of Kia and stablemate Hyundai ahead of Japan’s Honda (NYSE: HMC) and Nissan. The two…
Moody’s put Japan’s sovereign debt on credit watch with “review for a possible downgrade.” The agency wrote: The review has been prompted by heightened concern that faltering economic growth prospects and a weak policy…
The selection of a new Managing Director of the International Monetary Fund has become contentious because some of the world’s largest emerging nations believe the organization’s next leader should come from one of their…
Moody’s said it may downgrade Japan’s debt because of its economic problems and huge debt. (Reuters) Goldman Sachs traded $1.8 billion in Libyan sovereign capital in 2008 and lost most of it. (WSJ) The…
This is the Twitter-24/7 Wall St. market report for May 30, 2011.These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
Updated throughout the day The EU is at work on a second bailout of Greece (Reuters) VW may make a formal offer for MAN (Reuters) Hedge fund manager David Einhorn may eventually own the…
Despite huge amounts of data to the contrary and the opinions of a large number of economists, The Treasury Department said China is not a currency manipulator. Treasury sends a report on trade to…