Recently public companies Groupon Inc. (NASDAQ: GRPN) and Zynga Inc. (NASDAQ: ZNGA) rose sharply following their IPOs, but have taken a turn south that has taken shares off post-IPO highs by more…
U.S. foreclosures rise for the second straight month. (Reuters) Twitter’s ad business may have hurt new product development. (Reuters) Peugeot will cut 8,000 jobs. (WSJ) SUPERVALU (NYSE: SVU) puts itself up for…
The three major US stock indexes opened slightly lower this morning ahead of the release later today of the minutes of the last FOMC meeting. Asian markets were mixed overnight and markets…
By now investors have had time to digest the notion that technology company sales and earnings are just not going to live up to prior expectations in most cases. Investors are learning that…
There are more rumors — or news, based on the credibility of the reports — that Amazon.com (NASDAQ: AMZN) has signed up suppliers in Asia to build a smartphone. The device would…
Spain has decided the only way to tackle its budget deficit is via extremely sharp expense cuts coupled with a more modest move to increase taxes. Prime Minister Mariano Rajoy says his government will…
Research In Motion Limited (NASDAQ: RIMM) is acting like the next Palm. They are dying. The company’s CEO has said that RIM and the formerly great Blackberry operating system is not in…
Updated throughout the day on the 24/7 Wall St. Wire Google (NASDAQ: GOOG) will pay $22.5 million to settle FTC privacy charges (WSJ) John Paulson’s hedge fund posted huge losses last month…
Douglas A. McIntyre The world’s largest companies have never had a reputation for showering investors with information about their financial situations and operations. The rules that might make them do so are too lax. Government authorities…
Intel (NASDAQ: INTC) invests in next-generation chip company ASML (NASDAQ: ASML). (Reuters) The Federal Reserve Bank of New York may have known in 2007 that the way Libor was set was incorrect. (Reuters)…
Shares of Nokia Corp. (NYSE: NOK) hit a new 52-week low of $2.00 last Thursday and have continued to slide since then. Shares are down -8% just before noon this morning, even…
Forget about your Fourth of July time off! Earnings season is starting this week and it is the tough summer trends that investors have to worry about. While many businesses have held…
The display advertising industry, shaken by the falling prices it can get for its online ads, has taken to showing full-page marketing messages at websites. These blot out all of the content on website pages,…
Bloomberg reports that Amazon.com (NASDAQ: AMZN) may launch a smartphone, which would mean the world’s largest e-commerce company would join the mobile phone sector just after Microsoft (NASDAQ: MSFT) and Google (NASDAQ: GOOG)…
Shares of Nokia Corp. (NYSE: NOK) set a new 52-week low of $2.00 today. The one-time leader in sales of mobile phones did not have any news, but the company’s prospects are…
