Short sellers must not agree with the conventional wisdom that high gas prices and unemployment will keep Americans out of stores and malls this summer. These investors decreased their negative bets against…
Every state posted GDP growth between 2000 and 2010, according to the latest U.S Department of Commerce data, which was released earlier this week. The growth rates, however, were very wide. Michigan’s…
The acting head of the IMF said that the US does not need stimulus because exports and disposable income will lift GDP. (Reuters) Facebook’s facial recognition technology is increasing worries about privacy.…
Apple (NASDAQ: AAPL) announced its new iCloud multimedia storage system and a new version of its OS called Lion. Nothing was said about updated versions of the iPad or iPhone at Apple’s…
A Washington Post/ABC poll showed Obama’s ratings on the economy hit a low. (Reuters) Steve Jobs of Apple (NASDAQ: AAPL) introduced the company’s new iCloud product. (Reuters) Wall St. stocks hit a…
China’s three largest mobile phone operators are all being investigated for corruption by the Chinese Communist Party’s Central Commission for Discipline Inspection. So far, at least three managers have been forced to…
Deutsche Telekom has a problem. It has effectively sold T-Mobile to AT&T (NYSE: T) for $39 billion. T-Mobile management has almost certainly begun to work on a transition which will include layoffs…
Douglas A. McIntyre The House defeated a bill to raise the national debt limit. (Reuters) Google (NASDAQ: GOOG) unsuccessfully tried to form a venture with Facebook. (Reuters) SAC is under investigation for its trading of…
Moody’s said it may downgrade Japan’s debt because of its economic problems and huge debt. (Reuters) Goldman Sachs traded $1.8 billion in Libyan sovereign capital in 2008 and lost most of it.…
Updated throughout the day. California may review the AT&T (NYSE: T) offer for T-Mobile (Bloomberg) The Indian government may raise the amount it charges for diesel fuel (Bloomberg) Douglas A. McIntyre
Douglas A. McIntyre Google (NASDAQ: GOOG) was sued by PayPal and Ebay (NASDAQ: EBAY) over the use of trade secrets in its new e-commerce payment system. (Reuters) A power shortage in China may cause the…
Now that the 10-Year Treasury Note has been back to close to the 3.00% yields again, we wanted to see which Dow Jones Industrial Average components had a higher dividend yield than…
Strauss-Kahn resigned at managing director of the IMF. The Japanese economy has fallen into recession and should recover late in the year. (Reuters) LinkedIn priced at $45, the top of its range.…
The two telecom giants of AT&T, Inc. (NYSE: T) and Verizon Communications Inc. (NYSE: VZ) are both Dow Jones Industrial Average members. They are both considered to be very defensive stocks in…
GS.COMGoldman Sachs Group (NYSE: GS) may be the most hated large financial firm in the world. That does not seem to have hurt its business prospects. It may even help them. Companies…
