The Congressional Oversight Panel is skeptical that the Treasury Department will ever recoup its investment in GM. The new report from the panels says: GM is furthest along in the process of repaying taxpayers.…
Any hope of a recovery for the economies of developed nations in the near term was questioned rigorously by The World Bank. Growth in the developed world, in fact, will be inadequate so far…
AIG (NYSE: AIG) will meet banks to choose those that will handle the sale of the Treasury’s share in the company. (Reuters) With a split Congress it is less likely that there will be…
The Mortgage Bankers Association publishes a summary of mortgage applications every week, and as a barometer of home sales it adds some color to the official reports from the government. For last week, the…
India’s low-fare airline IndiGo has placed a $15.6 billion order with European Aeronautic Defence and Space NV (OTC: EADSY) for 180 new aircraft, including 150 of EADS’s re-modeled Airbus A320. The order could push…
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Affymetrix, Inc. (NASDAQ: AFFX), China Recycling Energy Group (NASDAQ: CREG), Lululemon Athletica (NASDAQ:…
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 head of AMD (NYSE: AMD) left because of differences with the board over the firm’s mobile strategy (WSJ) Comverse Technology may sell its majority share in Verint Systems (WSJ)…
Short sellers cut their bets against tech shares as earnings seasons approaches, based on data of short interest in major stocks as of December 31. Shares short in Intel (NASDAQ: INTC) dropped 17% to…
The Apple (NASDAQ: AAPL) App Store may have 300,000 downloadable software applications, but Google (NASDAQ: GOOG) is gaining on that number at a remarkable pace. The Apple app figure doubled in 2010. Android apps…
The U.S. Equal Employment Opportunity Commission said that job bias claims reached a record in its fiscal year which ended last September. As evidence, the agency said reports by workers “hit an unprecedented level…
It was only a few weeks ago that the Irish debt crisis caused investors to lose confidence in the sovereign debt of other financially weak EU nations. There has been recent speculation that Portugal…
Goldman Sachs Group (NYSE: GS) will increase financial disclosure but the firm will do little else to change its business practices. (Reuters) A few economists believe the Fed could run out of money. (Reuters)…
The real estate web site Zillow ginned up a real doozy of a statistic about the state of the real estate market today arguing that the “Zillow Home Value Index has now fallen 26%…
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Apollo Group inc. (NASDAQ: APOL), Glu Mobile (NASDAQ: GLUU), Dot Hill Systems Corp (NASDAQ:…
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. MySpace will layoff 500 workers. The company is a division of News Corp (NYSE: NWS) (WSJ) The Apple (NASDAQ: AAPL) iPhone will cost Verizon $5 billion in subsidies (Bloomberg) Douglas…
Sprint-Nextel (NYSE: S) did not get the Apple (NASDAQ: AAPL) iPhone. Verizon Wireless did. Analysts say that Verizon may have to pay $2.5 billion to purchase iPhones this year. It cannot make that money…
Underwater mortgages are a serious problem affecting the economy, but much of the conventional wisdom about the issue makes no sense. For instance, no one is quite sure how many mortgages are “underwater”, meaning…
Microsoft’s (NASDAQ: MSFT) CEO Steve Ballmer is not going anywhere. Some analysts say that the company’s performance at CES was poor. The world’s largest software firm said sales of its Kinect video game device…