Can Audi pass BMW, which passed Mercedes? The ongoing race for the prime position among luxury car companies in the U.S. was won by BMW in 2011. It sold 247,907 cars and…
Former Olympus CEO Michael Woodford will sue the troubled company for wrongful dismissal. (Reuters) The International Monetary Fund’s Lagarde says 2012 will not see the end of the euro. (Reuters) MF Global’s trustee…
US markets opened lower today and finally managed modest gains by mid-afternoon. News from Europe on the reluctance of banks to lend, coupled with an higher-than-expected yield on a French bond issue…
Marvell Technology Group Ltd. (NASDAQ: MRVL) is trading up on news this morning that it and Google Inc. (NASDAQ: GOOG) are in a pact called “a major breakthrough in the convergence of…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Thursday morning. AstraZeneca PLC (NYSE: AZN) Cut to Underweight at JPMorgan. BlackRock,…
Too much of a good thing, maybe, for Verizon Communications Inc. (NYSE: VZ). Verizon Wireless, the company’s joint venture with Vodafone plc (NASDAQ: VOD) sold 4.2 million Apple Inc. (NASDAQ: AAPL) iPhones…
Eastman Kodak (NYSE: EK) probably will declare bankruptcy this month. It has too little cash to operate with its current expenses and balance sheet. So far, it has been unable to license…
Eastman Kodak (NYSE: EK), established nearly 140 years ago, soon may declare Chapter 11. It is burdened by debt, loses money and has been unable to license most of its 1,100 patents. It…
Shares of Netflix Inc. (NASDAQ: NFLX) have risen about 7% today and it’s hard to say whether the main cause is speculation that Yahoo! Inc. (NASDAQ: YHOO) might buy the company or…
Yahoo.comYahoo! Inc. (NASDAQ: YHOO) has confirmed that it has appointed Scott Thompson as Chief Executive Officer. He will take over with an effective date of January 9, 2012. At that time, Tim…
Wall St. expects same-store sales for December to rise 4.3%. (Reuters) Returns of holiday online gifts are expect to reach a record. (Reuters) Venezuela says it will pay Exxon Mobil (NYSE: XOM)…
Alibaba hires a Washington lobbying firm in case it decides to bid for all of Yahoo! (NASDAQ: YHOO). (Reuters) Italian yields may fall because of European Central Bank injections of long-term funds…
A Google (NASDAQ: GOOG) executive said that 3.7 million Android devices were activated on December 24 and 25, a sign the sales of smartphones which use the OS were brisk Andy Rubin tweeted…
The latest figure for the number of users of the Google+ social network from Google Inc. (NASDAQ: GOOG) is more than 62 million. The sign-up rate for the Facebook competitor has reached…
Paul Ausick A number of economists believe the U.S. debt burden, budget problems, recession and lack of growth will soon be the same as those now facing many EU nations. This would mean that…
