Average consumers may fret about the high price of gas and the debt crisis that has stymied members of Congress. Rich people, though, are increasingly unencumbered by financial worries as auctions for art and…
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 Sony (NYSE: SNE) may restart its network next week after it was shut due to a hack (Reuters) Turk Kemal Dervis may be kept from the top job at the…
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of Acorda Therapeutics, Inc. (NASDAQ: ACOR), Biosante Pharmaceutical, Inc. (NASDAQ: BPAX), Opnext, Inc. (NASDAQ: OPXT),…
Liberty Media offered $1 billion for Barnes & Noble. (NYSE: BKS) (Reuters) Tepco lost $15 billion. (Reuters) Goldman Sachs (NYSE: GS) expects to receive a summons from the US government shortly. (Reuters) Gold rose…
Gasoline prices have begun to retreat in the US. The latest AAA Fuel Gauge numbers put the average price of regular at $3.886, which means that the cost of a gallon has begun to…
The IEA Governing Board warned yesterday that the world’s oil supply is too low to bring prices down on any consistent basis. It “expressed serious concern that there are growing signs that the rise…
Walmart, the world’s largest retailer and the largest company in America based on sales and employees, has tried to argue since the beginning of the recession that it can revive its moribund sales growth…
Attention America’s obese children: Your parents made you fat. Ronald McDonald is probably not to blame. That’s not the message that America’s food police — nutritional do-gooders — who want McDonald’s Corp. (NYSE:MCD) to…
The liberal Center for Budget and Policy Priorities (CBPP) and the conservative Tax Foundation, who rarely agree on anything, are unanimous in their view that governments should not be in the business of subsidizing…
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Glu Mobile (NASDAQ: GLUU), Intel Corp (NASDAQ: INTC), and Melco Crown Entertainment Limited (NASDAQ:…
Updated throughout the day. Apple (NASDAQ: AAPL) and Google (NASDAQ: GOOG) will face new privacy laws in Europe (FT) Christine Lagarde, the finance minister or France, is the favorite to take over as IMF…
Eddie Lampert, the chairman and controlling shareholder of Sears Holdings (NASDAQ: SHLD), has been accused of being a fool and poor operator more than once. Sears results proved once more than the company cannot…
Today’s IEA statement: The IEA Governing Board, at its regular quarterly meeting on 18-19 May, examined oil market developments and their impact on the global economy. Despite a near-10% correction since 5 May, oil…
With all the hubbub surrounding the IPO of professional social networking site LinkedIn, along with rumored deals involving Facebook and Twitter, it’s worth remembering that there are some companies that will probably never go…
One of the lessons that was learned from the internet bubble of 1998 to 2000 is that many tech company founders woke up one day and found that they were billionaires on paper. By…
There has been some hope over the last several weeks that the holdouts who have resisted any restructuring of Greek debt might join other nations in the EU which want to throw another lifeline…
The actions of Moody’s, Standard & Poor’s, and Fitch helped trigger the greatest credit crisis of all time. Each has been investigated and dragged before Congress because of AAA ratings that they gave to…
Strauss-Kahn resigned at managing director of the IMF. The Japanese economy has fallen into recession and should recover late in the year. (Reuters) LinkedIn priced at $45, the top of its range. (Reuters) Takeda…
What is the cost of the current flooding of the Mississippi basin? According to Michael J. Hicks, the director of the Center for Business and Economic Research at Ball State University in a recent…