Foreign oil companies may have to give up natural gas rights in Iraq. (Reuters) Several large pharma firms are in the early stages of an attempt to find new and more effective…
Most companies want to be number one in their markets. Once there, however, they have trouble keeping the top spot for long. They are flanked by smaller, nimbler companies that have better…
Two of the world’s largest car makers have announced a development project that could lead to a gasoline/electric hybrid drive train for light trucks and SUVs by the end of the decade.…
Auto sales now are expected to be well below estimates made earlier this year. They seemed to have recovered in the first half from the sickeningly low rates of 2008 and 2009.…
General Motors (NYSE: GM) will build a Cadillac fueled by electricity. And it will be added to a long line of new electric-powered models that are unlikely to have many buyers. The…
China became the largest car and light truck market in the world when it passed the U.S. two years ago. This has prompted all of the big auto manufacturers to quicken their…
Chrysler has tried to rebuild its image under the management of Italian car company Fiat. The number three U.S. manufacturer even makes money. The issue that continues to nag the firm is…
Saab is one of the major brands that will go under this year. Once owned by GM (NYSE: GM), it has not been able to find financial backers to take it forward.…
Retail data becomes the focus of Wall St. (Reuters) China locates another 22 fake Apple (NASDAQ: AAPL) stores. (Reuters) The Nikkei drops below the important 9,000 mark. (Reuters) Brent drops below $108…
Risk in Europe continues to drag on global shares. (Reuters) Concerns about how S&P (NYSE: MHP) sets rating bring calls for reform. (Reuters) Rules on CME (NASDAQ: CME) margins move gold lower.…
Goldman Sachs (NYSE: GS) says QE3 was likely after the Fed’s recent comments. (Reuters) HSBC (NYSE: HBC) sells its U.S. credit card business to Capitol One. (Reuters) China not likely to raise…
4.00 PM VIX panic index up 40% to highest level since credit crisis. DJIA closes at lows off 628 which is 5.3%.NYSE trades 2.3 billion shares NASDAQ off 6.9%. S&P down nearly…
When you have a credit rating downgrade of the U.S. followed by a 300+ point drop in the DJIA and another near-100 point drop in the NASDAQ, it is no shock at…
Verizon (NYSE: VZ) faces a strike of 45,000 of its workers. Members of the Communications Workers of America and the International Brotherhood of Electrical Workers walked out because Verizon wants sharp cuts…
Wall St. had its worst sell-off in two years (Reuters) Regulators have begun to tussle over interpretations of the Dodd-Frank financial reform bill (Reuters) LinkedIn (NYSE: LNK) posted strong earnings and a…
