AIG (NYSE: AIG) said ailing CEO Benmosche will remain through 2012. (Reuters) The Financial Crisis Inquiry Committee has referred several cases of potential law violations from the credit crisis to authorities inside the government.…
Pope Benedict this morning proclaimed that social network sites, which have been blamed for adultery and other ills of modern life, are not all bad. The endorsement from the Holy Father may further bolster…
Now that the holiday numbers are in for US retailers, it’s time again for the annual ritual of shuttering some under-performing stores. One of the first is J.C. Penney Co. (NYSE: JCP), which has…
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 Clinical Data, Inc. (NASDAQ: CLDA), Genoptix, Inc. (NASDAQ: GXDX), NVIDIA Corporation (NASDAQ: NVDA), Optical Cable…
Updated throughout the day. Several private equity firms have made bids for Sara Lee (NYSE: SLE) (Reuters) Kamal Ahmed, of Morgan Stanley (NYSE: MS) is under investigation as part of the Galleon case (WSJ)…
GM (NYSE: GM) is supposed to be a badly crippled giant. Toyota (NYSE: TM) is the global car company with the most efficient manufacturing plants, the highest quality cars and the strongest balance sheet.…
The National Association for Business Economics puts out a periodic review of how corporations view their prospects. The data shows the level at which companies are hiring or firing workers. The December data was…
New data from the Bureau of Labor Statistics shows that the number of union members in the US dropped by 12.3% last year. Union members are now only 11.9% of the working population. The…
RockTenn (NYSE: RKT) will buy Smirft-Stone (NYSE: SSCN) for $3.5 billion. (Reuters) Assets in the Treasury’s toxic asset fund rose 27% in value last year to $6.3 billion. (Reuters) China will pass its higher…
Online research firm comScore reports that more than 172 million Americans watched video online last month. Industry experts are not certain whether any of the largest providers of these videos make money, but there…
Americans still do not believe that they can find jobs. The news should not be surprising in an environment in which large companies still cut hundreds if not thousands of people at a time,…
Apple (NASDAQ: AAPL) App Store downloads reached 10 billion, more than one download for each man, woman, and child on earth. Many experts believe that these applications are what tethers many iPhone and iPad…
Foodborne illnesses should not be a major medical problem in the developed world. The United States has one of the most sophisticated health care systems in the world and several federal agencies, including the…
The recorded music business, currently floating on a sea of red, does not appear to be a solid investment, but that’s not keeping some industry giants from trying either to buy or sell assets.…
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of Acorda Therapeutics and Vivus Technologies. Acorda Therapeutics (NASDAQ: ACOR) is down…
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) plans to change the security of hardware on the iPhone 4 (Reuters) Lenovo and NEC may merge PC operations (Reuters) Hughes Communications is up for sales (Reuters)…
GE (NYSE: GE) beat analyst estimates are its revenue last quarter rose 1% to $41.4 billion. Fourth-quarter 2010 earnings from continuing operations (attributable to GE) were $3.9 billion, or $0.36 per share, up 33%…
The new ‘‘Spending Reduction Act of 2011’” bill will be introduced to the House of Representatives shortly. It is a plan “To reduce Federal spending by $2.5 trillion through fiscal year 2021.” The results of…