Moody’s downgraded Ireland’s sovereign paper from Baa1 to Baa3. That is two notches and the credit rating agency also said its outlook on the debt was still negative. The downgrade was deserved and shocked no…
China’s GDP rose 9.7% in the first quarter. The nation’s consumer prices rose 5.4% in March compared to the same month a year ago. Economists would argue that China could tame inflation by lowering…
A sharp increase in costs hurt Google’s (NASDAQ: GOOG) first quarter earnings. (Reuters) Bank of America (NYSE: BAC) is expected to beat earnings forecasts but mortgage costs will hurt its numbers. (Reuters) Banks are close…
Our daily review of alternative energy begins today with the latest rankings of solar PV makers by sales. Also, a recent study by Cornell University researchers on the release of methane as a result…
Let’s close our eyes and pretend we live in a country where taxes so low that companies are beating down the door to set up shop there. Readers of Daily Austerity Watch may ask…
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC), Identive Group (NASDAQ: INVE), Bank of Ireland (NYSE: IRE), National…
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. US regulators are examining whether large banks manipulated the Libor (WSJ) Apple (NASDAQ: AAPL) suppliers have begun to make components for a white iPhone 2 (Reuters) China’s Citic Securities will…
The real estate market is showing signs of life after being pushed into the abyss by the Great Recession. A resurgence, though, is not around the corner. Foreclosure activity fell 27% in the first…
nationsonline.orgThe politics within national borders have been a limitation to the bailouts of financially weak European nations which so far include Ireland, Greece, and Portugal. Ruling parties have been put out of office in…
America is the arms merchant to the world and is likely to sell $50 billion in weapons this year. Business may not be as good in the near term, however. Military spending among all…
The Senate Investigations Subcommittee released its Levin-Coburn Report On the Financial Crisis, which is entitled “Anatomy of a Financial Collapse.” It is 635 pages and reads like a crime fiction novel. “The report catalogs conflicts of…
The Internet Advertising Bureau, anxious to prove the effectiveness of its media, distributed a report which says online ad revenue reached $7.4 billion in the fourth quarter of 2010, up 19% from the same…
A report from the Senate Permanent Subcommittee on Investigations accuses Goldman Sachs Group (NYSE: GS) of selling weak financial securities and betting against the interests of its clients. (Reuters) Glencore will raise up to…
RealtyTrac’s list of the cities with the best bargains in foreclosed properties contained few surprises. What may not be well-known, however, is that many investors from outside the United States are taking in an…
Cisco news was particularly negative as CEO John Chambers tries to take apart the segments of his company that perform poorly. Concerns about Toyota’s earnings remain high due to parts and production shortages. Community…
Unless there is something really good on cable, Daily Austerity Watch will be grabbing a tub of non-fat popcorn and watching today’s speech by President Barack Obama detailing his plans to tackle the deficit. …
Steven M. West, who has been a board member of Cisco (NASDAQ: CSCO) since April 1996, runs a company called Emerging Company Partners LLC. It claims to help companies execute business strategies and aid…
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Adtran, Inc. (NASDAQ: ADTN), Identive Group, Inc. (NASDAQ: INVE), Graham Packaging Company (NYSE: GRM), Riverbed…
This is the Twitter-24/7 Wall St. market report for April 11, 2011.These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?