It looks like Google (GOOG) will strike a deal to be the default search feature on all of Verizon’s (VZ) cellular handsets. Since the phone company has about 70 million subscribers, the…
According to Reuters, Warren Buffett and the head of Blackstone (BX) called for a solution to the govenment’s growing debt load and reliance of foreign investors to finance US borrowing. Reuters reports…
The New York Times reports that T-Mobile will be the first carrier to offer a cell phone powered by Google’s (GOOG) much-anticipated Android software. HTC will provide manufacturing, and the phone could…
Verizon (VZ) managed to dodge a strike by about 65,000 of its workers. It would have crippled the company’s landline and broadband businesses and might have caused investors to dump the stock…
Douglas A. McIntyre Reuters reports that UPS (UPS) is trying to buy Dutch rival TNT Reuters writes that credit unions are being hit by mortgage market problems. Reuters reports that GATX (GMT) is offering over…
Last night there was a filing from Gabelli Entertainment & Telecommunications Acquisition Corp. to come public via an initial public offering for a special purpose acquisition company (SPAC) or a blank-check company.…
Douglas A. McIntyre Comcast Corp. (NASDAQ: CMCSA) is a company that Wall Street just loves to hate. Much of the antipathy directed toward the Philadelphia-based cable giant seems justified since it faces a myriad of…
Palm, Inc. (NASDAQ: PALM) has not been without its problems. But there seems to be a saving grace here with strong unit sales. The Palm Centro has now reached its 2-millionth unit…
Douglas A. McIntyre According to Reuters, Merrill Lynch (MER) said that it would sell $8.5 billion in stock and take large write-downs. Reuters report that KKR says the market slump is a good time to…
Wireless and broadband sales drove a strong quarterly performance for Verizon (VZ) EPS rose to $.66 from $.58 in the same period a year ago. The company added 1.5 million new wireless…
Since 2006, 24/7 Wall St. has scrutinized public companies on a regular basis, focusing on those with poor management and has suggested which big company CEOs needed to be replaced. Hector Ruiz…
According to Reuters, Apple (AAPL) missed Wall St. expectations, sending the stock down by 10%. Reuters reports that American Express (AXP) profits fell on credit losses.
Most Wall St. observers now think that the merger between Sirius Satellite Radio (SIRI) and XM Satellite Radio (XMSR) will go through. The FCC, pushed by some members of Congress and the…
The market took big dips in 2001 and 1987. One was due to a national catastrophe and another was focused on Wall St.’s impression that the market had run too far, too…
Also-ran multimedia company Real Networks (RNWK) and Viacom (VIA) are going to take another run at Apple (AAPL) iTunes. They have a music download service call Rhapsody. One of the reasons it…
