Today’s Best Market Rumors (5/27/2010)
Updated throughout the day. Goldman Sachs Group (NYSE: GS) wealth management customers are in danger of leaving the firm (Reuters) Sovereign debt issues outside Europe will pick up (CNBC) Sony Corp. (NYSE:SNE)…
Updated throughout the day. Goldman Sachs Group (NYSE: GS) wealth management customers are in danger of leaving the firm (Reuters) Sovereign debt issues outside Europe will pick up (CNBC) Sony Corp. (NYSE:SNE)…
From 24/7 Wall St. partner Investor Place Back in our February Apple iPad survey report we found “The pre-launch demand for the new iPad is greater than the pre-launch demand for the…
MarketWatch: Shanghai closed down 2% and Europe is weak MarketWatch: The euro hit a four year low against the dollar. Reuters: BP plc (NYSE; BP) says it is making progress with the…
Video game sales in the US were decimated in April. It is not clear whether this is due to the growth of free games, especially online and on social network sites, or a…
Sony (NYSE: SNE) said that its numbers for the fiscal year ending on March 31 were better than last year. They were, but only marginally. And, in several key segments of its…
NYT: NY Attorney General is investigating eight banks for allegedly providing misleading information about mortgage instruments to rating agencies: The Goldman Sachs Group (NYSE: GS), Morgan Stanley(NYSE: MS), Deutsche Bank (NYSE: DB),…
The news is bad for Nintendo. It reported its fiscal year numbers. The video game company posted its first full-year drop in revenue in six years. Wii sales were down 21% year-over-year…
Amazon (NASAQ: AMZN) announced that it would begin to sell its Kindle digital book reader in some Target (NYSE: TGT) stores. The news was viewed as a big “win” for Amazon, which has…
There are too many companies in the business of streaming or downloading premium video over the internet. Sony (NYSE: SNE) announced that it will begin to stream major league baseball games into markets…
Reuters: The head of GM says taxpayers may get their entire investment back. Reuters: Obama will urge tougher rules on Wall St. Reuters: The CEO of Goldman Sachs Group (NYSE: GS) attacked…
The recession nearly ruined the video game business, pushing some publishers such as Take-Two Interactive (NASDAQ: TTWO) to the financial brink. Even Electronic Arts (NASDAQ:ERTS) reported huge losses and laid off more…
Reuters: A suicide bomber killed 37 in Moscow. Reuters: China sentenced Rio Tinto (RTP) executives in prison for ten years. Reuters: A JPMorgan $1.4 billion tax write-off faces FDIC scrutiny. Reuters: Some Apple…
Time Warner (TWX) has spun out its Time Warner Cable (TWC) operation and AOL (AOL). That has left the company with TV programming, magazine, and studio assets. Wall St. has been waiting…
Nintendo has been able to keep a lead over Microsoft (MSFT) and Sony (SNE) in the high-end game console business. Its Wii routinely outsells the Xbox 360 and PS3. Now Nintendo plans to…
Research that tries to forecast consumers’ buying plans is notoriously inaccurate. It is hard to determine what someone will buy if they have not seen it. Purchase intent based on brand can be…