Following a weak fourth quarter earnings report and an even weaker outlook on profits for 2011, Boeing Co. (NYSE: BA) CEO Jim McNerney said on the company’s conference call that Boeing could replace its…
Richard Braddock has been a director of Eastman Kodak since 1987. The CEO of internet grocer Fresh Direct and former top Citigroup Inc. (NYSE: C) executive has held the job as the once important…
Yahoo! Inc. (NASDAQ: YHOO) reported better-than-expected revenue and earnings for its fourth quarter, but not that much better. There were some bright spots, including a jump of 14% in display ad revenue to $635…
The Commerce Department reports that new home sales reached a 47-year low in 2010 at 321,000. According to the AP, the figure was “a drop of 14.4 percent from the 375,000 homes sold in…
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Eagle Bulk Shipping (NASDAQ: EGLE), MIPS Technologies (NASDAQ: MIPS), RF Micro Devices (NASDAQ: RFMD), Pacific…
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. Sara Lee (NYSE: SLE) rejected a private equity offer for the company (NYPost) Glencore may launch its IPO in both London and Hong Kong (NYT)
Kenneth F Duberstein has been a Boeing (NYSE: BA) director since 1997. Prior to joining the board, he was, among other things, White House Chief of Staff in 1988 and 1989 and a lobbiest. Duberstein…
In the late 1990’s and early 2000’s, the number of individual investors surged thanks to the rise of the Internet. As information became instant and ubiquitous, and the fees associated with making trades decreased,…
It seems logical that the longer that people are unemployed the worse their financial situations become. Some people are out of money within a few weeks of losing a job because they had no…
Toyota Motor (NYSE: TM) announced that it will recall 1.7 million cars, most of them in Japan. The vehicles may suffer from fuel leaks. The new recall can be added to another set of…
The new Apple (NASDAQ: AAPL) iPhone 5 will be released sometime later this year, according to rumors. It will have a number of features that the iPhone 4 and iPhone 3 don’t. Among them…
The 2009 National Assessment of Educational Progress report on the ability of students to understand science at three grade levels had depressing results. The data was based on a sample of the knowledge of…
Obama called for a spending freeze for some government discretionary spending. (Reuters) The Federal Reserve will probably stick to it plans to buy bonds and noted economic improvement. (Reuters) Toyota Motor (NYSE: TM) announced…
It was just yesterday that research firm eMarketer reported that microblog company Twitter will have $150 million in advertising revenue this year and as much as $250 million next year. Twitter has 175 million…
The Conference Board Consumer Confidence Index reached 60.6 this month, which was better than expected. The positive signal was mirrored by data from a recent Gallup poll. “Gallup’s Economic Confidence Index improved to an…
Fourth quarter results for Verizon Communications Inc. (NYSE: VZ) were no better than so-so. The company reported revenue of $26.4 billion and EPS of $0.54, excluding one-time items, compared with revenue expectations of $26.47…
Siemens AG (NYSE: SI) carries a market cap about half that of General Electric Co. (NYSE: GE), but the German conglomerate does not have a financing arm comparable to GE Capital. One area where…
How much did the “Best Picture”, “Best Actor”, and “Best Actress” nominated movies for this year’s Academy Awards make? Not much. Three of the “Best Picture” nominees brought in less than $21 million each.…
Anyone who questioned whether the housing depression continues only need look at the new S&P Case Shiller price data. The odds that home values will return to 2006 levels within the next decade get…