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. Here are some highlights from media reports: 1.…
Barnes & Noble (NYSE: BKS) was swamped with bad press as it was sued by Microsoft (NASDAQ: MSFT) over patents on technology used in the Nook e-reader. PG&G has applied to renew licenses to…
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. The Libya army is financing itself with the nation’s gold holdings (FT) AT&T (NYSE: T) will offer concessions to the government to close the T-Mobile deal (FT) Douglas A. McIntyre
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of American Capital Agency Corp. (NASDAQ: AGNC), Hot Topic, Inc. (NASDAQ: HOTT), and Netflix, Inc.…
SK Telecom, one of the largest companies in South Korea, apparently tried to buy Sprint-Nextel (NYSE: S) in 2008. It was always hard to understand why an Asia firm would want to own a…
The Nikkei rose 4.3% today to 9,608. Another two days of similar gains would put the index at nearly 10,550, which is close to where it traded before the devastating earthquake and tsunami. It…
Are investors forgetting the lessons of the dot-com bust of the 1990s?It would seem to be the case. Just like in the Clinton administration, companies with uncertain prospects are attracting insanely high valuations. …
A monopoly is either what the government says it is or what a dominant company’s competitors claim. The government’s opinion is the only one that counts, however, as Sprint will find out as it…
Japan may need to work with the G7 to keep the yen low. (Reuters) Sony (NYSE: SNE) factories and Rio Tinto (NYSE: RTP) expansion plans were hurt by the earthquake’s aftermath. (Reuters) AT&T (NYSE:…
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 Monday morning. We are tracking news and moves in shares of Verigy Limited (NASDAQ: VRGY), Vodaphone Group Plc. (NADAQ: VOD), and Xenoport, Inc. (NASDAQ: XNPT).…
Updated throughout the day. Nasdaq OMX (NASDAQ: NDAQ) worries it will face regulatory scrutiny if it bids for NYSE Euronext (NYSE: NYX) (WSJ) Intel (NASDAQ: INTC) tried to hire a Hewlett-Packard (NYSE: HPQ) executive…
Google (NASDAQ: GOOG) is the world’s most valuable brand with a $43.3 billion valuation. It is followed by Microsoft (NASDAQ: MSFT), Wal-Mart (NYSE: WMT), IBM (NYSE: IBM), Vodafone (NYSE: VOD), Bank of America (NYSE:…
Some economists look at American attitudes toward spending, stagnant wages, and high fuel prices and conclude that the recession has not ended–at least for the average citizen. A new Gallup poll shows that they…
It is not unusual for companies with highly successful products to run out of inventory. Oftentimes, companies are forced to scramble at the last minute to meet an unexpected upsurge in demand. Some analysts…
Antitrust regulators will get a great deal of exercise this spring. AT&T (NYSE: T) has announced it will buy T-Mobile from Deutsche Telekom. Sprint-Nextel (NYSE: S), the struggling wireless company, will object to the…
Warren Buffett of Berkshire Hathaway (NYSE: BRK.B) says the Japan disaster is a buying opportunity for companies based there (Reuters) AT&T (NYSE: T) will buy T-Mobile USA from Deutsche Telekom for $39 billion (Reuters)…
Its no secret, Microsoft Corp. (NASDAQ:MSFT) has been left in the dust by Google (NASDAQ:GOOG) and Apple Inc. (NASDAQ:AAPL). In the past year, the NASDAQ increased 11% while Microsoft (MSFT) shares have declined 16%. …
The IMF reports that sovereign debt has returned to the levels last reached 60 years ago . The organization unfortunately does not offer any novel solutions. John Lipsky, the First Deputy Managing Director of…