6:37am ET
Economy
Have America’s Most Crippled Regions Begun to Recover?
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…
GM Coverage Page 154
7:39am ET
Industrials
Salesforce Places Big Bet on Social Networks (CRM, FB, GM, LNKD, GOOG, ORCL)
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…
6:39am ET
Media
Media Digest (6/4/2012) Reuters, WSJ, NYT, FT, Bloomberg
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…
1:14pm ET
Investing
GM Chops At Pension Plan Liabilities
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…
9:01am ET
Investing
Verizon Picks Up Telematics Firm, But No Bargain (VZ, HUTC, GM, TM, QCOM, TRMB)
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…
6:26am ET
Cars and Drivers
The Most Dangerous Cars in America
Some vehicles can survive car crashes and protect the occupants much better than others. To find out which motor vehicles perform best and which the worst, nonprofit group Insurance Institute for Highway Safety performed…
Douglas A. McIntyre 6:23am ET
Investing
Europe Turns Against China
China wants to do business in Europe. It is the world’s largest region by GDP, even if the economy has slowed. But many companies in European nations have lost some of their…
6:29am ET
Investing
What’s Important in the Financial World (5/24/2012) Costco Earnings, Oil Below $90
Oil has hit an extraordinarily low price, below $90 a barrel for WTI crude. That is the lowest level since October. It shows no inclination to spike back up. PMI data from Europe and China actually…
6:18am ET
Investing
A Look Back At Largest IPOs
A quick review of the 25 largest US IPOs ever shows how badly Facebook (NASDAQ: FB) has done in early trading. Most of the company’s on the list have tremendous revenue, traditional business…
6:43am ET
Investing
What’s Important in the Financial World (5/23/2012) China GDP Trouble, Fiat’s New Car
The World Bank’s new “East Asia and Pacific Economic Update” forecasts that China’s GDP growth will only be 8.2% in 2012, which is a substantial come down for a nation that has grown…
4:27pm ET
Cars and Drivers
GM Could Be Upgraded To ‘Investment Grade’ at Moody’s
General Motors Company (NYSE: GM) may soon get to be an ‘investment grade’ company on its credit ratings. While this might not mean much on the equity level of the company, the news…
Jon C. Ogg 9:53am ET
Investing
Facebook Deathwatch: Who Gets Blame
Shares of Facebook Inc. (NYSE: FB) traded down nearly -7.5% in pre-market action this morning and opened down at $32.59 after closing at $34.03 last night. The stock is down about -26%…
6:16am ET
Investing
Zynga’s 15% Stock Loss — Lemmings over the Cliff
ZyngaZynga’s (NASDAQ: ZNGA) shares are down 15% over the past two days, a little more than those of Facebook (NASDAQ: FB) after its initial public offering. There are several critical difference between the…
6:39am ET
Investing
How Far Could Facebook’s Shares Fall? To $28
courtesy Facebook Inc.At some point during the past two weeks, Facebook’s (NASDAQ: FB) expert bankers raised the price range of its initial public offering from between $28 and $35 to between $34 and…
6:31am ET
Media
Media Digest (5/21/2012) Reuters, WSJ, Financial Times
Alibaba buys back a 20% share held by Yahoo! (NASDAQ: YHOO) for a combination of cash and preferred shares worth $7.1 billion. (Reuters) The heads of Samsung and Apple (NASDAQ: AAPL) will discuss…