Journalists who cover Congress usually believe that they are smarter than the public servants. Politicians think most journalists are biased dolts. Each group has now had a chance to publicly interview Ben Bernanke and…
by Sasha Chavkin, ProPublica, April 27, 2011, 4:45 p.m. Earlier this week the top regulator of offshore drilling denounced the lack of regulation covering the thousands of contractors on offshore facilities and said his…
Today’s commodities news highlights an SEC filing for a new agricultural ETF, a proposed pipeline that would send crude oil to the US Gulf coast, and a $500 million shelf registration from a US…
The Sony PlayStation Network hack apparently exposed personal information, including credit card data, for 77 million people. It is a hint of things to come. The PlayStation hack shows one thing: crooks can potentially…
Obscene Jeans (OTC: OBJE)., an small early stage company which is not listed on any major exchange (it is listed on OTC), has placed advertisements on the internet which have a scantily clad woman…
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Broadcom Corporation (NASDAQ: BRCM), Ericsson (NASDAQ: ERIC), and Savvis Inc. (NASDAQ: SVVS). Broadcom Corporation…
Updated throughout the day. The White House may pick an associate of Wall St. critic Elizabeth Warren to run the Consumer Financial Protection Bureau (Reuters) News Corp (NYSE: NWS) will try to get a…
Good thing the gang at Standard & Poors is not in the weather forecasting business or else investors would be in real trouble. This morning’s downgrade is a case in point. S&P cut Japan’s…
NokiaNew Nokia (NYSE: NOK) CEO Stephen Elop received a signing bonus of 5 million euros to join the struggling handset company. His base salary is 1.1 million euro. The new chief executive announced today…
Daily Austerity Report feels sorry for Federal Reserve Chairman Ben Bernanke as he prepares for his first press conference this afternoon. No matter what he does, he will disappoint somebody. Bernanke, a bright, pleasant…
Wall St. did not like the last quarter earnings of Amazon (NASDAQ: AMZN) and it sold off shares of Netflix because of its lackluster forecasts. It would he hard to find companies nearly as…
The breach of the Sony PlayStation Network which exposed private records of up to 77 million customers is only one in a long line of failures which have occurred since Sir Howard Stinger became…
A potential double dip recession was a large concern a year and a half ago. There was a belief that the deep economic downturn of 2008 and 2009 could not generate enough momentum for…
Johnson & Johnson (NYSE: JNJ) will buy Synthes for $21.9 billion (Reuters) S&P cut the Japan sovereign rating outlook because of the earthquake (Reuters) The Sony (NYSE: SNE) Playstation network was hacked and personal…
Apple (NASDAQ: AAPL) was badly beaten by the press as concerns about privacy rose after disclosures that iPhone software can track customer locations. The Flame Index started as a research tool in 2008 at…
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 Tuesday morning. We are tracking news and moves in shares of Lawson Software, Inc. (NASDAQ: LWSN), Netflix, Inc. (NASDAQ: NFLX), USA Technologies, Inc. (NASDAQ: USAT).…
The head of Saudi State oil firm Aramco, Khalid al-Falih, said that his country is concerned about the effect of high crude prices on the global economic recovery. He also said, according to Reuters,…
The Pew Center on the States released new research that says “The gap between the promises states have made for public employees’ retirement benefits and the money they have set aside grew to at…
Taxpayers are more on guard about what the federal government spends than they have been in years, or perhaps longer, as threats of a high deficit and national debt highlight concerns about a drop…