Updated throughout the day The Federal Reserve may auction off AIG (NYSE: AIG) subprime inventory instead of selling it back to the company (WSJ) US banks may settle foreclosure fraud accusations with banks if…
Research In Motion (NASDAQ: RIMM) announced that its fiscal fourth quarter sales for the period which ended on February 26 rose 36% to $4.1 billion. During the quarter, RIM shipped about 14.9 million BlackBerry smartphones…
The L.L. Bean website says the retailer will offer free shipping for any order placed with the company. Unlike other retailers there will be no minimum purchase price to qualify. Amazon.com (NASDAQ: AMZN), the…
The Federal Reserve issued one of the wonderfully detailed reports that only government agencies can create that tells Americans the extent of their poverty. The only weakness of the report is that the most…
America lost its lead as the world’s top manufacturer to China. That is in part the basis of the argument that China’s Gross Domestic Product will pass America’s sometime before the middle of the…
The Federal Reserve will hold press conferences four times a year. (Reuters) In 2006, Fannie Mae was warned about abuses in the foreclosure process. (WSJ) The Apple (NASDAQ: AAPL) iPad will go on sales…
Austerity Watch Daily covers critical news about national sovereign debt, Credit Default Swaps, state and municipal deficit actions, and discussions about the US deficit and debt. States — Call it “pass the buck” or…
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of China Sunergy Co., Ltd. (NASDAQ: CSUN), Drugstore.com, Inc. (NASDAQ: DSCM), and Micron Technology, Inc.…
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…
Google’s (NASDAQ: GOOG) shares have continued a three-month retreat that has pushed them down by 4% compared to a 5% improvement for the NASDAQ. It has occurred to investors that the same issues that…
Eighty-three percent of people think that it is a “bad time to find a job”, according to a new Gallup Poll. The number is depressing but it is at the best level since October…
The AAA reported recently that the number of miles driven by Americans increased for the first time in two years. The AAA also keeps daily gas price numbers. The average price for a gallon…
The market does not expect much from Best Buy (NYSE: BBY). The company is about to release quarterly figures. Analysts think that results will be hurt by low TV sales. Best Buy management counters…
Minority parties within the Portuguese government have rejected an austerity program proposed by Prime Minister Jose Socrates. He stepped down. As MarketWatch pointed out, the incentives for politicians in debt ridden nations to accept…
The head of Goldman Sachs Group (NYSE: GS) said that an ex-director leaked confidential information. (Reuters) The prime minister of Portugal stepped down as his austerity plan was rejected by Parliament. (Reuters) Best Buy…
Austerity Watch Daily covers critical news about national sovereign debt, Credit Default Swaps, state and municipal deficit actions, and discussions about the US deficit and debt. Late today, Portugal’s prime minister said he may…
Delta (NYSE: DAL) suffered from bad press after its CEO noted the airline could lose $400 million in sales due to flight reductions to Japan. Honda was hurt by news that its Japan plants…
This is the Twitter-24/7 Wall St. market report for March 23, 2011.These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Cree, Inc. (NASDAQ: CREE), Motricity, Inc. (NASDAQ: MOTR), and XOMA Limited (NADAQ: XOMA). Cree,…
Updated throughout the day. Inventories of Samsung Galaxy tablets are building (Reuters) Glenn Beck may start his own cable network (NYT) Parts shortages of the Apple (NASDAQ: AAPL) because of the Japan quake will…