On Tuesday the US Department of Energy announced awards to 13 projects totaling more than $54 million. According to the press release: to advance transformational technologies and materials that can help American…
Nokia (NYSE: NOK) to lay off 10,000 people. (Reuters) RealtyTrac reports foreclosures rise for the first time in 27 months. (Reuters) China may cut rates rather than press stimulus. (Reuters) A number…
Leading business TV network CNBC, which is controlled by Comcast (NASDAQ: CMCSA), and Yahoo! Finance, one of the most successful parts of the Yahoo!’s (NASDAQ: YHOO) content operations, will join forces in an attempt to form a…
GM’s (NYSE: GM) CEO Dan Akerson used the car company’s annual meeting to make several senseless comments. The first was that politician in Washington will need to end gridlock about how the…
Douglas A. McIntyre Members of the Chesapeake Energy (NYSE: CHK) board are close to picking a new chairman. (Reuters) Apple’s (NASDAQ: AAPL) lack of success blocking rivals in court and the slow introduction of the iPhone…
US lithium-ion battery maker A123 Systems Inc. (NASDAQ: AONE) has definitely had a rough year. Shares are down about -72%, making it the worst performer out of US battery makers like EnerSys…
Apple (NASDAQ: AAPL) will challenge Google (NASDAQ: GOOG) with its own map service. (Reuters) A Manpower Group survey shows that companies in most parts of the world do not want to add…
China’s auto dealers are taking more deliveries of new cars than they can sell. Deliveries totaled 1.28 million vehicles in May, higher than the consensus estimate of 1.22 million and the third…
Moody’s has telegraphed a banking sector review for quite some time, and it has actually been ongoing and the ‘bad news’ should be out very soon. We skipped many of the smaller…
Just last week, A123 Systems Inc. (NASDAQ: AONE) filed a notice with the US SEC regarding the company’s ability to continue as a “going concern.” Nothing much has changed for the company…
Paul Ausick The Bureau of Economic Analysis released its data on GDP growth by state for 2011. One of the trends the data show are that many of the states most badly hurt by…
Customer relationship management firm Salesforce.com Inc. (NYSE: CRM) has signed a definitive agreement to acquire privately held Buddy Media for approximately $689 million in cash and stock. The transaction is expected to…
The European Union may form a central office of treasury to match the European Central Bank. (Reuters) Ford (NYSE: F) may create brands specific to the Chinese market. (Reuters) The slowing economy…
General Motors Co. (NYSE: GM) is trying to get dwindle down its massive pension exposure. The company announced that it is offering some select salaried retirees a lump-sum payment option. It is…
Verizon Communications Inc. (NYSE: VZ) has announced a definitive merger agreement with Hughes Telematics Inc. (OTC: HUTC). The all-cash offer totals $612 million, or $12/share. Hughes closed at $4.35 last night, calculating…
