Updated throughout the day. Deutsche Bank will restructure in the US to avoid certain federal regulations (WSJ) Schneider Electric made a $30 billion offer for Tyco (Reuters) BP may sell its stake in BP-TNK…
The Bell System divestiture was the final act in an epic antitrust battle between the phone company and the federal government. It caused AT&T to shed its local phone companies in 1984. The legal…
The new OECD Society at a Glance report shows that men in Asia do more hours of paid work than their counterparts in other regions of the world. Paid work hours in China, Japan,…
The IMF’s new Fiscal Monitor says “The United States will require significant deficit cuts in 2012 and 2013 to meet their commitments over the next few years. A downpayment in the form of deficit reduction…
The Fed’s exit from QE2 may involve rate increases (Reuters) Deutsche Bank will restructure its US bank business to avoid regulation (WSJ) Google’s (NASDAQ: GOOG) new CEO will be carefully watched as the search…
The idea of compensating donors of vital organs, which strikes many as morally repugnant, is gaining acceptance among some parts of the medical community which has grown frustrated at watching thousands of patients die…
Here’s an excuse to party if anyone needs one: it’s Tax Freedom Day. It’s a “holiday” invented in 1948 to commemorate the time of the year when Americans have paid off the amount…
John Chambers , CEO of Cisco (NASDAQ: CSCO), may have made good decisions several years ago to enter several consumer-facing technology ventures. Now his company is suffering from the fact that most of these…
In today’s round-up of fiscal news, Daily Austerity Watch will examine developments in the U.K., and Spain. But first up, let’s talk about Tasty Kakes. The snack treats are as much a part of…
It may be the surge in inflation or the lengthy drop in home prices or the 6.2 million unemployed America–but consumer economic optimism fell apart in March. That bodes poorly for second quarter GDP…
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Allied Irish Bank (NYSE: AIB), ARM Holdings PLC (NASDAQ: ARMH), Exelixis, Inc. (NASDAQ: EXEL), Extreme…
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. Bank of America (NYSE: BAC) financial executives were not told about plans that would prevent the firm from reinstating its dividend (WSJ) Deutsche Boerse will not raise its offer for NYSE…
NokiaNokia (NYSE: NOK) launched two new smartphones based on the aged Symbian operating system. Symbian has been rejected by the developer market to the extent that Nokia will phase out its use when its…
America’s position as “Breadbasket of the World” is being eroded by the growing strength of rivals such as Canada, Australia, the former Soviet Union and China. As yields continue to rise along with commodity…
The head of the opposition in Portugal, Pedro Passos Coelho, wants a seat at the table when his country negotiates with the EU and IMF about a bailout which could total $114 billion. The current lame…
Short sellers who have bet against tech shares hit the exits during the period which ended on March 31. The short interest in the world’s largest chip company, Intel (NASDAQ: INTC), dropped 3% to 56.7…
Japan raised the severity of its nuclear crisis to the same level as Chernobyl. (Reuters) Alcoa (NYSE: AA) beat earnings but missed sales.(Reuters) Nasdaq OMX (NASDAQ NDAQ) and Deutsche Boerse have approached NYSE Euronext’s (NYSE: NYX) largest shareholders in…
As we begin the week, prices for many commodities are rising, while only gold and oil are falling. Corn prices continue to climb and cocoa futures are up again as well. First, there have…
The International Monetary Fund today joined the ever-increasing numbers of experts that argue that the worldwide economy is on the road to recovery. Unfortunately, that’s like saying someone in a hospital is better because…