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. Chrysler is in conversations with banks to refinance its debt ahead of an IPO (Reuters) Regulators have sent a proposal to banks as part of a settlement proposal for their…
For decades, public employees have had pension plans identical to those provided by most large American companies. These are defined benefit plans that pay workers a fixed sum each year after they have retired…
IMF researchers believe that high food prices are a problem which will linger, at least in the foreseeable future. Bad weather is part of the reason. The growth in bio-fuels in another. The IMF…
Several media outlets reported that a venture division of JPMorgan (NYSE: JPM) would invest $450 million in Twitter. The investment would have given Twitter a value of $4.5 billion. The reports were completely wrong.…
Google (NASDAQ: GOOG) challenged the entrenched providers of video compression software when it bought small firm On2. The search company took On2’s advance video compression product and open sourced it. The company made the…
Jobs are expected to be at a nine-month high in February. (Reuters) Chrysler hopes to refinance its debt ahead of an IPO (Reuters) Banks which mishandled mortgage paperwork have been approached by state and…
One of the co-founders of Facebook is looking to unload $300 million worth of shares in the pioneering social networking company, according to the New York Post. The question is why. Sales by insiders…
The time is getting nearer for Swiss-based commodity trading house Glencore International AG to take its shot at entering the public markets. The company has been positioning itself for either an IPO or a…
The Las Vegas Sands (NYSE: LVS) rose in the negative press index as a government investigation over potential bribe payments threatened it highly success business in Macau. BP moved higher on the list as…
There’s a lot of action in the retail sector this morning, headed by a rejected buyout offer for Family Dollar Stores Inc. (NYSE: FDO) from hedge-fund manager Trian Group, which is headed by Nelson…
Unemployment is rising. Or, it may not be. New applications for jobless claims fell 20,000 from last week to 368,000. That is the lowest level in three years. A new Gallup poll which tracks…
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Amylin Pharmaceuticals (NASDAQ: AMLN), Biosante Pharmaceuticals (NASDAQ: BPAX), and JA Solar Holdings Co, Ltd.…
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 SEC is examining the structure of small bank loans to see whether they mask weak balance sheets (WSJ) Blackrock may buy a Citigroup (NYSE: C) consumer credit operation (FT)…
CNBC points out that polls in Greece show an increase in an “I Don’t Pay” movement. Greek citizens cannot do much anytime soon about government expenditure cuts. They may eventually vote out the ruling…
The Fed’s Beige Book, which looks at economic activity in the central bank’s regions, did not have much to add to the country’s hope for a recovery. It did not have much to despair…
Americans drove three trillion miles in 2010, the most since 2007 and the third-highest ever recorded, according to The Department of Transportation. Americans had cut back on their driving until recently because of the…
Norway ranks No.12 in the world in oil production. It relies on crude to fuel its economy much like several nations in the Middle East. Some oil production in the politically torn region has…
The Treasury expects $6.4 billion from the sales of AIG’s (NYSE: AIG) sale of its MetLift share (Reuters) The government is examining a number of small banks to see if they restructured loans to…