The large Middle East mobile provider Orascom, has been put on the market. The company has 65 million customers which would make it as large as any provider in the US. Speculation…
The November 30 short interest of NYSE traded stocks shows that the market is predicting a further drop in financial and tech stocks. The numbers compare to November 15, 2007. The short…
According to Reuters, the former head of UnitedHealth gave up $400 million in stock options to settle chages with the SEC and the company. Reuters writes that the head of Rio Tinto…
It grates on the management of Nokia (NOK) that they have beaten Motorola (MOT) in the global markets but the the US company still has the lead in share in it own…
Research-In-Motion (RIMM), the famous Blackberry marketer, is having a rough time. After its stock made a huge run taking it up over 200% YTD in early November, it has sold off. Over…
According to Reuters, Fed chief Bernanke said the resurgence in financial strains in recent weeks had dimmed the outlook for the U.S. economy. Reuters writes that Dell’s (DELL) profit rose but if…
According to Reuters, a fire closed most of the oil pipeline between the US and Canada. Reuters writes that the head of VW said the the Russian car market would eventually be…
In a move that is certain to rock the cell carrier industry, Verizon Wireless, a JV between Verizon (VZ) and Vodafone (VOD) will open its network to phone and software not purchased…
It looked like the FCC was going to have cable companies for dinner. The commission was talking about forcing cable systems to open channels to small networks, and perhaps planning to halt…
According to Reuters, Goldman Sachs (GS) issued a report saying the housing sector had much further to fall and that some financial institutions would have to raise money to stay in business.…
A number of rumors about an AT&T (T) buy-out of satellite TV provider Echostar (DISH) took the stock up 19% today to $47.49. But, it may all have been too good to…
According to Reuters, some auto industry experts think car sales could hit a 15-year low in 2008. Reuters reports that the OPEC summit ended with members disagreeing about what to do about…
The Wall Street Journal claims that Google (GOOG) is about to invest at least $4.6 billion in buying wireless spectrum at the FCC auction in January. Owning a big piece of the…
Fly On The Wall And Barron’s are mentioning a rumor that cable giant Comcast (CMCSA) might buy WiMax IPO Clearwire. It is not likely to happen, but it should. Cable is being…
According to Reuters, executives at Ford (F) say that they see a tough US market and will cut production as necessary. Reuters reports that Northern Rock received an injunction from the publication…
