Reuters: Baclays (BCS) sold BCI to Blackrock (BLK) for $13.3 billion Reuters: WHO declared a flu epidemic Reuters: Congress bash Fed, Treasury, and B of A (BAC) on Merrill Reuters: US is…
Facebook recently took in a new $200 million investment which puts the value of the company at $10 billion. That is down from a $15 billion valuation based on an investment that…
Facebook is not likely to make much money selling advertising. Marketers find it hard to target users on social networks. The cannot be neatly grouped like the people who go to Yahoo!…
Douglas A. McIntyre Micro-blogging platform Twitter has 32 million users, which is an increase from about 2 million a year ago, according to research mentioned in The Wall Street Journal. Some Internet measurement services show…
Reuters: Bears control the dollar because of concerns about the deficit and heal of the US economy. Reuters: Crunch time looms for the GM (GM) and Chrysler restructurings. Reuters: The US is…
Reuters Obama hopes to have healthcare bill by July Reuters Documents on Paulson’s meetings with banks forcing them to take TARP have been released Reuters Banks sued MBIA (MBI) over its $5 billion…
Several of the best-funded and most-publicized tech launches of the last ten years have ended in failure. Many large technology companies which had significant market share and product advantages in large industries…
Downloads of Apple (AAPL) applications for iPhones and iTunes have reach one billion. It only took nine months. Most analysts view this as a strategic advantage over RIM’s (RIMM) Blackberry and Google’s…
According to Reuters, a bill to restrict credit card charges cleared a key committee in Congress. Reuters reports that Ken Lewis of Bank of America (BAC) says his firm what urged by…
eBay Inc. (NASDAQ: EBAY) has just posted its first quarter earnings. The online auction giant reported a non-GAAP earnings of $0.39 EPS and $2.02 billion in revenue. Thomson Reuters had estimates at…
Douglas A. McIntyre Overstock.com, Inc. (NASDAQ: OSTK) has just reported earnings. The online ‘overstock’ retailer, or “The O,” has posted an 8% decline in revenue of $187.4M and a net loss at -$0.09 EPS. We…
States and the federal government have monkeyed around with the idea of forcing e-commerce sites to collect state taxes for years. That would require companies such as Amazon (NASDAQ:AMZN) and eBay (EBAY)…
According to Reuters, Obama vowed to overhaul the tax code. Reuters reports that GM (GM) is working on a plan to cut dealers at an accelerated pace. Reuters writes that China’s first…
eBay (EBAY) announced that it would do an IPO of its Skype internet phone business. According to eBay’s CEO John Donahoe, “Skype is a great stand-alone business with strong fundamentals and accelerating…
According to Reuters, Goldman Sachs (GS) would like to return to its old businesses and compensation practices, but it may not be able to. Reuters reports that the US is planning to…
