Bernanke warned that sharp budget cuts could derail the recovery. (Reuters) The Hong Kong exchange said it was open to mergers after marriages began between North American and European exchanges. (Reuters) Facebook…
NokiaNokia Corp. (NYSE: NOK) CEO Stephen Elop is scheduled this Friday to announce a plan to turn the Finnish phone giant around. An internal memo from Elop has hit the street, and…
Updated throughout the day. Apple (NASDAQ: AAPL) has begun to build the next generation iPad (WSJ) Arcos Dorados, the world’s largest McDonald’s (NYSE: MCD) franchisee will file for an IPO (FT) Google…
The SEC will try to make market traders less reliant on ratings agencies. (Reuters) GM (NYSE: GM) will set up a profit-sharing plan for workers. (WSJ) S&P warned Japan on its credit…
Apple Inc. (NASDAQ: AAPL) is seeing yet one more analyst upgrade ahead of Thursday’s launch of the iPhone with Verizon Communications Inc. (NYSE: VZ). The move is eliminating the AT&T Inc. (NYSE:…
Media reports questioning whether the United States will keep its “Triple-A Rating” in the future are frequent. The fear of endless budget deficit spending and quantitative easing have only added fuel to…
Data released by comScore about mobile phone sales in December showed that trends from earlier in the year continued. Sales of Samsung handsets bested all of its rivals in the US with…
The joint venture between Sony Corp. (NYSE: SNE) and L.M. Ericsson Telephone Co. (NASDAQ: ERIC), aptly called Sony Ericcson, tantalized gamers with a commercial during yesterday’s Super Bowl for a device everyone’s…
AOL (NYSE: AOL) bought the Huffington Post for $315 million. (Reuters) Sanofi-Aventis and Genzyme (NASDAQ: GENZ) are closer to a deal (Reuters) Hackers who broke into the NASDAQ will undermine investor confidence.…
Apple (AAPL) may make significantly more money from its new iPad that it has on any other product it has launched since 2001 when the iPod came to market. Research firm iSuppli…
Video game retailer GameStop Corp. (NYSE:GME) today authorized a boost of $500 million in its share buyback program, replacing a $300 million authorization made in September 2010, and about half of which…
Unemployment most likely improved last month but the jobless rate may rise. (Reuters) JPMorgan (NYSE: JPM) may have ignored signs that Madoff was committing fraud. (Reuters) Ben Bernanke said that if the…
Facebook is now worth $50 billion and has become the hottest property on the Internet. The problem is that the site may find it more difficult to generate revenue than many imagine.…
A judge said BP plc (NASDAQ: BP) $20 billion fund head Ken Feinberg is not independent of the oil company. (Reuters) Record snow will hurt retail sales. (Reuters) Poor weather will move…
Corporate turnarounds are almost never engineered by a single person. A CEO who takes a failing company and makes it successful again obviously got help from management, a board, along with customers…
