The U.S. Postal Service has begun a cost-cutting process meant to save it $10.5 billion between now and 2015. The first tranche is a consolidation or shuttering of 223 locations. The effect of the…
Steve Wynn pushes major shareholder Kazuo Okada off the board of Wynn Macau. (Reuters) AIG (NYSE: AIG) makes a large profit on portfolio gains. (Reuters) Apple’s (NASDAQ: AAPL) legal fight with Proview International…
It is hard to imagine how PC and smartphone keyboards could get any smaller. They are already difficult enough for people with large hands to use. Apparently Apple thinks otherwise and may…
Douglas A. McIntyre Apple Inc. (NASDAQ: AAPL) has held its shareholder meeting. All Apple directors were reelected to the board of directors. Executive compensation passed and two proposals on conflicts of interest and on political…
Jon C. Ogg A court in Shanghai has suspended proceedings in a lawsuit brought by Proview Technology (Shenzen) against Apple Inc. (NASDAQ: AAPL) for infringing Proview’s claim to the iPad trademark. The suspension comes as…
Paul Ausick Several initiatives were set in the past two days to protect consumers against private data collected by providers of browsers, apps and websites that keep personal information. Such information is used to target…
The European Commission forecast a growth rate of 0.5% for the eurozone as recently as late last year. Now, it expects a contraction of 0.3%. That means a second recession in four years.…
A panel suggests that Vivus diet drug Qnexa be approved by the FDA. (Reuters) Japan may cut crude oil imports from Iran by 20%. (Reuters) Poor results cause shares of Hewlett-Packard (NYSE: HPQ)…
As a part of a series of major privacy intiative meant to protect people from data gathering by websites, apps, and browsers, several companies have agreed to insist customers know what information…
lululemon The past few years have been challenging for the retailing industry, and there are signs that 2012 will be no different. One key metric used to judge the health of a…
US equities markets opened lower this morning following surprisingly weak manufacturing reports from Europe and China. Fitch Ratings’ downgrade of Greek debt to ‘CCC’ could not have been a surprise, but the…
Jon OggThese are some of this Wednesday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Advanced Semiconductor Engineering, Inc. (NYSE: ASX) Cut to Neutral at BofA/ML. Apple Inc.…
On January 25, new JCPenney (NYSE: JCP) CEO Ron Johnson, former head of Apple’s (NASDAQ: AAPL) retail operations, unveiled his vision for the retailer’s turnaround. His “Fair and Square” price plans would…
Comcast (NASDAQ: CMCSA) announced that it will offer a new streaming service to current TV and internet subscribers. The service, called Xfinity Streampix, will have a library of 75,000 television shows and movies.…
President Obama may propose a new corporate tax rate. (Reuters) The U.S. Consumer Financial Protection Bureau will examine overdraft fees. (Reuters) Apple (NASDAQ: AAPL) will hold its annual meeting with the company in…