Daily Austerity Watch learned long ago that there lies, damned lies and lies about taxes. One of the most often-told tales involves the notion that when the going gets tough (taxes rise), the tough…
Peter A. Darbee has been CEO of PG&E (NYSE: PCG) since 1999. The company has made strong profits and its stock has performed well over the period since he got his job. He said…
Google (NASDAQ: GOOG) investors have been puzzled about how the company will make money on its Android mobile operating system. It is offered to mobile and portable hardware firms for free. The software might promote…
A new New York Times/CBS poll shows that the number of Americans who think the country is on the wrong track has risen sharply to 70%. The figure has not been that bad in…
There are at least two ways to look at the cash pay raises that Microsoft (NASDAQ: MSFT) will give employees. One is that it is a way to retain talent. Another is that it is…
Samsung filed patent lawsuits against Apple (NASDAQ: AAPL) over smartphone technology (Reuters) The Japanese government will release $50 billion to cover initial costs of the earthquake (Reuters) The Administration will create a group to…
April 22 is Earth Day. This year, its theme is “A Billion Acts of Green.” The idea behind the 2011 program is to demonstrate that millions of small acts can make a profound difference…
by Marian Wang ProPublica, April 19, 2011, 11:25 a.m.April 18, 2011April 20, 2011 When the Deepwater Horizon disaster killed 11 men at sea last April and set off the worst oil spill in U.S.…
Commodity news today begins with a look at counting barrels of oil. There are also reports of a single buyer holding as much as 89% of the lead in storage in London, and new…
Today’s alt energy news leads off with some comments from Secretary of Agriculture Tom Vilsack, reports on some problems with wind generation in New Jersey, and comments on a new report from the Heritage…
In today’s Daily Austerity Watch, we struggled to find an appropriately macho analogy to describe the Republican’s attempts to fight efforts to raise the debt ceiling. About the best we could come up was…
US manufacturers like Honeywell International Inc. (NYSE: HON), United Technologies Corp. (NYSE: UTX), and General Electric Co. (NYSE: GE) could be signalling a broader recovery coming in the US and global economies. Even manufacturing…
courtesy of BP plcBad weather in North America and Australia, political unrest in the Middle East and North Africa, and a slow return to drilling in the US Gulf of Mexico have all led…
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Apple Corporation (NASDAQ: AAPL), Allied Irish Banks (NYSE: AIB), Nokia Corporation (NYSE:…
GE’s (NYSE: GE) bottom line looked very good, until the numbers were examined by division. Revenue from continuing operations was up 6% to $38.4 billion. GAAP EPS was up 48% to $.31. But, many…
For increasing numbers of Americans, a landline phone is a superfluous expense that they can do without. According to a survey released yesterday by the Centers for Disease Control and Prevention, 23.9% of adults…
It is ironic that just as the stock market hits 3-year highs after a surge from March 2009 lows, Americans are unloading stocks. A new Gallup poll shows that “the percentage of Americans saying…
Fiat is about to buy another 16% of Chrysler which would take its total stake to 46%. The deal would involve a payment of $1.5 billion, which does not value the No.3 US car…
There was never any chance that in America income would be distributed like it was supposedly done in the Soviet Union – to each according to his ability and his needs. If capitalism is…
Apple (NASDAQ: AAPL) earnings surpassed expectations and the company said iPad 2 units were backlogged (Reuters) BP plc (NYSE: BP) sued Transocean (NYSE: RIG) for $40 to cover costs related to Deepwater Horizon (Reuters)…