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…
Taiwan smartphone company HTC has an annual revenue run rate of close to $20 billion and it is currently growing at a rate of about 100% a year. HTC will ship 60 million handsets,…
Youth may be wasted on the young, but people starting out in their careers deserve more assistance than they are getting from the government. That’s the gist of an interesting p9st on The Daily, …
Updated throughout the day Goldman Sachs (NYSE: GS) may make a public attack on Senate charges about its behavior before the credit crisis (WSJ) Two senior JP Morgan (NXYSE: JPM) executives will leave top…
Active traders and day traders have many stocks to choose from this Monday morning. We are tracking news and moves in shares of BioSante Pharmaceuticals (NASDAQ: BPAX), unOpta, Inc. (NASDAQ: STKL), and United Therapeutics Corporation (NASDAQ: UTHR).…
Demonstrations over Greece’s plans to increase austerity measures to get new EU and IMF loans brought 80,000 people into the streets of Athens over the weekend. Prime Minister George Papandreou may get the money…
Goldman Sachs (NYSE: GS) may release papers to investigators that show its trading behavior at the start of the credit crisis used flawed math and that the bank did not violate regulations. (WSJ) The…
The Chinese government has attacked Google (NASDAQ: GOOG) over its allegations that hackers within the People’s Republic recently compromised Gmail accounts. China’s People’s Daily reported that Google’s comments have “become obstacles for enhancing global…
S&P 500 WEEK TOP 10 (27 MAY – 2 JUN) Ticker Weekly Price Change (%) Close Price 2Jun11 Close Price 27May11 Market Cap ($Mil) Apollo Group Inc APOL 16.6 46.90 40.22 6618.9 DeVry Inc…
by Jesse Eisinger and Jake Bernstein ProPublica, June 3, 2011, 9:16 a.m.by Jake Bernstein and Jesse Eisinger, ProPublica, Dec. 22 by Jake Bernstein and Jesse Eisinger, ProPublica, Aug. 26by Jesse Eisinger and Jake Bernstein,…
Politicians, such as Philadelphia Mayor Michael Nutter, find the idea of taxing sugary drinks appealing because they think it will solve their fiscal problems and promote better nutrition at the same time. The one…
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of DryShips, Inc. (NASDAQ: DRYS), Orexigen Therapeutics, Inc. (NASDAQ: OREX), and Tesla Motors, Inc. (NASDAQ:…
The world is becoming wealthier. According to a new report from The Boston Consulting Group, global wealth grew by about 8% in 2010 to $121.8 trillion. By the end of 2015 that amount is…
There is a game of chicken between social networks and the stock market. Each new IPO raises more questions about valuations. Those questions may bring more skepticism from investors. The big social network that…
The May ADP numbers are awful, showing that the US economy added only 38,000 private sector employees. Public sector jobs are likely to fall as well as austerity measures at the federal, state, and…
Employment is likely to be hurt by the weak economy. (Reuters) Hackers attacked a new Sony (NYSE: SNE) network. (Reuters) A Prada filing with the Hong Kong exchange showed $215 million in profits in…
If Germany and Greece were a married couple, they would be headed for divorce. Like many faltering relationships, it comes down to money. Germany, Europe’s largest economy, has plenty of it and Greece, facing…
Source: OECD Statistics Moody’s threatened to downgrade America’s sovereign debt primarily because the Democrats and Republicans cannot settle on a compromise to increase the debt cap. The action will probably add pressure to House…
by Paul Kiel, ProPublica, June 2, 2011, 9:48 a.m.by Paul Kiel, ProPublica, June 2 Chanel Rosario was supposed to be one of the lucky ones. After years of sending and re-sending documents, waiting on…
House Speaker John Boehner (R-OH) is finally saying something sensible about the debt ceiling. Speaking to reporters in Washington after a meeting Wednesday with President Barack Obama, the Ohio Republican argued that he wants…