Earlier this morning Nokia Corp. (NYSE: NOK) issued a warning on first and second quarter revenue and earnings, but that wasn’t all the bad news the company had coming today. Nokia’s Sunday…
Household debt combined with falling home prices have been more toxic to the economy than previously believed. This is not just true in the United States, according to new IMF data. The…
Alcoa Inc. (NYSE: AA) kicks off the new earnings season after the markets close today, and according to S&P Capital IQ consensus estimates, it looks like earnings are going to be off…
The Android smartphone operating system from Google Inc. (NASDAQ: GOOG) grabbed nearly 70% of sales in China during the fourth quarter of 2011 according to a new report from Chinese research firm…
The Sony (NYSE: SNE) train wreck continues. The Japanese company has appointed a new CEO and will fire 10,000 workers. But annual earnings for the fiscal year are much worse than expected. Sony…
Facebook is rich and has money to burn. Why not spend it on odd acquisitions? The fight over the questionable value of social networks, fueled by the upcoming IPO of Facebook, got…
Despite the fact that Easter and Passover holiday may not be the best time to launch a new product, Amazon. com Inc. (NASDAQ: AMZN) reports that the Lumia 900 from Nokia Corp.…
Lists of top-sellers at single destinations do not always equate to broad-reaching trends around the entire nation nor around the entire globe. Still, when you see a surprise like this it tends…
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…
