Sony (NYSE: SNE) to fire 10,000 people as its tries to improve its long-term profit growth. (Nikkei) The number of U.S. public jobs continues to fall along with tax receipts. (Reuters) Iraq…
Companies will begin to release first quarter results this week. S&P says it expects a sharp slowdown in earnings improvements among the S&P 500. This, in turn, could knock the stock market…
The press covered the decision by Facebook to list on Nasdaq rather than the NYSE (NYSE: NYX) as if a real contest existed between the two exchanges. Facebook could not have done otherwise…
Several media sources report that Microsoft (NASDAQ: MSFT) has given app developers financial incentives to create software for its Windows mobile OS. The operating system, combined with phones from Nokia (NYSE: NOK)…
JCPenney (NYSE: JCP) will cut 900 jobs at its headquarters, which is about 13% of the total. New CEO Ron Johnson, formerly of Apple (NASDAQ: AAPL), claims this will turn the crippled…
A federal judge approves a $25 billion mortgage misconduct settlement between the federal and several state governments and Bank of America (NYSE: BAC), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC), JP Morgan (NYSE:…
Markets opened lower this morning and there was no news sufficient to unleash significant buying. The report on new claims for unemployment benefits came in about as expected (our coverage here), and…
Viacom Inc. (NASDAQ: VIAB) sued Google Inc. (NASDAQ: GOOG) for $1 billion in 2007 over the use of Viacom-copyrighted content without permission on Google’s recently acquired YouTube. The judge threw the case…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Thursday. American International Group (NYSE: AIG) Reiterated Buy with $40 target at BofA/ML.…
After legal issues slowed their progress last year, foreclosures are about to increase. (Reuters) Time Warner Cable (NYSE: TWC) may end its deal with Current TV because of low ratings. (Reuters) The…
Not satisfied with being the leading global supplier of smartphones, Samsung Electronics (OTC: SSNLF) is going into the mobile ad network business. The company yesterday announced a partnership with OpenX Technologies Inc.,…
Google Inc. (NASDAQ: GOOG) has announced a deal with Paramount Pictures, owned by Viacom Inc. (NASDAQ: VIAB), that will add 500 Paramount titles (including “The Godfather”) to its video rental store on…
Research firm comScore Inc. (NASDAQ: SCOR) is out with its report on the US mobile phone market for the rolling three-month period through February 2012. The data shows that 234 million Americans…
The folks at comScore Inc. (NASDAQ: SCOR) have an interesting bit of research out comparing Wi-Fi usage by smartphone users in the UK and the US. comScore wanted to “provide insight into…
Google (NASDAQ: GOOG) made a $6 billion offer for Groupon (NASDAQ: GRPN) late in 2010. The rumor then was the Groupon had revenue of $2 billion that year. It turned out not to be true, and…
