Macau Gambling Revenue Macau gambling revenue came in short of expectations. Macau has become the Mecca of gaming firms as activity has slowed, particularly in places like Las Vegas and Atlantic City.…
Douglas A. McIntyre China begins to use its currency for cross-border transactions — a challenge to the dollar. (Reuters) Google Inc. (NASDAQ: GOOG) is denied summary judgement in a patent fight with Vringo. (Reuters) The head…
Bank of America Merrill Lynch is out with a preview of its third-quarter Internet expectations this morning, and it is raising some price targets on key companies. Bank of America said that large…
A court will allow Samsung to sell its Galaxy Tab 10.1 in the U.S. despite efforts by Apple Inc. (NASDAQ: AAPL) to block it. (Reuters) Germany wants Spain to delay a request…
Facebook Inc. (NASDAQ: FB), Groupon Inc. (NASDAQ: GRPN), and Zynga, Inc. (NASDAQ: ZNGA) have all been duds for the market around initial public offerings. These three IPOs have destroyed billions of dollars worth…
The three major U.S. stock indexes opened lower this morning following a weaker-than-expected report on U.S. personal income and inline personal consumption spending (more coverage here). U.S. markets followed Europe, where today’s…
The market may still be cautious when it comes to the IPO market. After all, Facebook, Inc. (NASDAQ: FB), Groupon Inc. (NASDAQ: GRPN), and Zynga, Inc. (NASDAQ: ZNGA) have all proven to…
Jon C. Ogg The conventional wisdom says that China has no (or very few) users of social media sites like Facebook Inc. (NASDAQ: FB) and Twitter. But that wisdom may be off the mark. Internet…
Paul Ausick The future of French President Francois Hollande likely will be determined by the fate of his new austerity budget. (Reuters) EADS says it will stay with a deadline set by regulators for…
The fiscal cliff has been described as a potential disaster for the finances of individuals and corporations alike. If Congress and the White House do not reach an agreement on the budget…
Douglas A. McIntyre Spain will cut its budget ahead of a possible request for aid. (Reuters) Bank of America Corp. (NYSE: BAC) tests systems that allow people to make payments via smartphone. (Reuters) Procter &…
Internet jobs site Glassdoor has released its 2012 list of the 25 U.S. companies that offer the best career opportunities. The company also produces a list of the best places to work…
Paul Ausick The three major U.S. stock indexes opened mixed this morning as yields on Spain’s 10-year bonds took a run at 6% again and the Catalan regional government announced a “snap” election to…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Wednesday. Akorn Inc. (NASDAQ: AKRX) started as Buy with $18 target at BofA/ML.…
Jon OggThe short interest in the actively traded cult stocks and also in some of the active low-priced shares can tend to be volatile, to say the least. We tracked some rather…
