The stock market of Sri Lanka, birthplace of Galleon hedge fund founder and alleged inside trader Raj Rajaratnam, posted the best return of any national index in the world. Its CSE of the Colombo…
Customer satisfaction with the e-commerce operations at Neiman Marcus and Sears (NASDAQ:SHLD) was particularly bad this shopping season based on research covering the 40 largest US retailers based on internet revenue. The poll results come from…
Two industries expected to post remarkably rapid growth over the next decade are VoIP and biotech. Cable companies and voice providers including Skype and Vonage (NYSE:VG) are expected to damage revenue from the…
Markets in Asia were mixed. The Nikkei rose .4% to 10,183. Sony (NYSE:SNE) and Mitsubish UFJ (NYSE:MTU) rose. The Hang Seng was off 1% to 20,697. HSBC (HNYSE:HBC) dropped. The Shanghai Composte…
Reuters: Merger activity will grow slowly in 2010. Reuters: Bank of America’s new CEO said he would focus on execution. Reuters: Profits at RIM (NASDAQ:RIMM) topped forecasts. Reuters: Oracle (NASDAQ:ORCL) posed a surprise…
The holiday shopping season and price cuts are not helping video game sales. November figures from industry research firm NPD show sales of software and consoles in the US dropped almost 8% to…
Reuters: Citigroup (NYSE:C) and the government are in a dispute over TARP re-payments Reuters: Japan release plans for an $81 billion stimulus package. Reuters: Morgan Stanley’s (NYSE:MS) new CEO will shuffle top management.…
The video game sector is not improving with the economy. It seems to not even be getting ‘less-bad’ with the other sectors that are looking ‘less-bad’ compared to earlier months. Last night’s…
The head of Toyota (NYSE:TM) recently said that a recall of four million cars with floor mat problems would not hurt company profits anywhere near as much as a surging yen and…
Reuters: Goldman Sachs (NYSE:GS) may make bonus payments in stock. Reuters: China is worried about sticking to dollar deposits. Reuters: A well-known economist says housing will continue to fall. Reuters: Bank of…
Markets in Asia were mixed. The Nikkei was up .4% to 10,023. Honda (NYSE:HMC) and Sony (NYSE:SNE) rose but Toyota (NYSE:TM) dropped. The Hang Seng fell .3% to 22,495. Sinopec (NYSE:SNP) fell.…
Nintendo (NTDOY) had a major winner on its hands with the Wii gaming system. Yet no fad lasts forever. It has been known for some time that the Wii gaming system was…
The Japanese government is getting nervous, by most accounts of the financial media. The yen as hit a level where Japan’s big exporters may post large earnings losses this year in the…
Reuters: Japan raised the idea that the G7 make a statement about the dollar. Reuters: Shoppers move into Black Friday with small budgets. Reuters: Dubai’s debt crisis raised the prospect of more trouble…
Markets in Asia were higher. The Nikkei rose .4% to 9,442. Mitsubishi UFJ (NYSE:MTU) was down. Sony (NYSE:SNE), Toyota (NYSE:TM), and Honda (NYSE:HMC) rose. The Hang Seng was up .7% to 22,590.…
