Sprint-Nextel (NASDAQ: S) may not have the Apple (NASDAQ: AAPL) iPhone but that has not impeded its recover. The wireless provider posted relatively good numbers for the period which ended on December 31. The…
Anyone who enters one of the 77 high-end supermarkets owned by Wegmans Food Markets Inc. throughout the Northeast or clicks on the website of the Rochester, NY-based company quickly learns that it has been…
The Independent Evaluation Office of the International Monetary Fund issued its report on the IMF’s actions as the credit crisis unfolded. It argued that the IMF could have done a better job. The report…
“Pay Czar” Kenneth Feinberg failed to reign-in Wall Street pay practices, according to a Congressional Oversight Panel report entitled “Executive Compensation Restrictions in the Troubled Asset Relief Program.” The panel did not mince words…
Short sellers moved into the shares of companies that Wall St. views as having weak earnings capacity and poor business strategies. Shares sold short in AMD (NYSE: AMD), which recently pushed out its CEO,…
Bernanke warned that sharp budget cuts could derail the recovery. (Reuters) The Hong Kong exchange said it was open to mergers after marriages began between North American and European exchanges. (Reuters) Facebook and Google…
The illicit trade in humans, drugs, organs, and nine other huge international criminal activities produces $650 billion in revenue per year. 24/7 Wall St. gathered data from from a Global Financial Integrity report entitled…
House Appropriations Chairman Hal Rogers disclosed a partial list of 70 spending cuts that will be included in an upcoming Continuing Resolution bill. The CR legislation will fund the federal government for the seven…
Q4 Funding, L.P. and Q Funding III, L.P. which own 10,021,418 units in LP Cedar Fair (NYSE FUN), which constitutes approximately 18.1% of the total number of units outstanding, attacked the public company board and accused…
“Until we see a sustained period of stronger job creation, we cannot consider the recovery to be truly established.” Federal Reserve Chairman Ben Bernanke, February 9, Before the Committee on the Budget, U.S. House…
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Atmel Corporation (NASDAQ: ATML), Motricity, Inc. (NASDAQ: MOTR), Photronics, Inc. (NASDAQ: PLAB), Take-Two Interactive Software…
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. Apple (NASDAQ: AAPL) has begun to build the next generation iPad (WSJ) Arcos Dorados, the world’s largest McDonald’s (NYSE: MCD) franchisee will file for an IPO (FT) Google (NASDAQ: GOOG)…
Americans are fat and getting fatter by the year. Recent data reported in medical journal Lancet showed that BMI (Body Mass Index), a recognized measurement of obesity, is higher on average in America than…
Housing prices may not return to pre-credit crisis levels for another five years, so experts say. They may never recover to those levels at all in hard-hit areas such as Las Vegas and South…
The U.N.’s Intergovernmental Panel on Climate Change released a report in 2007 which said that “up to 40 percent of the Amazonian forests could react drastically to even a slight reduction in precipitation.” The report made…
GM (NYSE: GM) workers will probably get about $3,000 in profit-sharing for 2010. The reward would cover 53,000 union members who are also hourly workers. The program is part of a plan to get…
The SEC will try to make market traders less reliant on ratings agencies. (Reuters) GM (NYSE: GM) will set up a profit-sharing plan for workers. (WSJ) S&P warned Japan on its credit rating. (Reuters)…
A new Gallup poll says people are more optimistic than they have been in three years. Forty-one percent of Americans in January said the economy is “getting better,” up from 35% in December and…
Spring is traditionally the best season for new home builders. In 12 of the past 14 years, sales of new homes peaked in March or April. If 2011 is going to live up to…