A Washington Post/ABC poll showed Obama’s ratings on the economy hit a low. (Reuters) Steve Jobs of Apple (NASDAQ: AAPL) introduced the company’s new iCloud product. (Reuters) Wall St. stocks hit a…
Taiwan smartphone company HTC has an annual revenue run rate of close to $20 billion and it is currently growing at a rate of about 100% a year. HTC will ship 60…
Did you heed the call “Sell in May and Go Away!” this year? It turns out that as of mid-day we now have nearly half of the 30 Dow Jones Industrial Average…
Updated throughout the day. PE firm Gore is in talks to buy part of Borders (WSJ) SAC will be probed for its use of “expert networks”. (NYT) Microsoft (NASDAQ: MSFT) will but…
May retail sales may be hurt by a weakened economy. (Reuters) Some Fed officials believe that poor jobs results should cause interest rates to stay low. (Reuters) An academic models shows LinkedIn…
Updated throughout the day. SAC faces a government investigation on insider trading activity from the MedImmune takeover (WSJ) Steve Jobs will unveil Apple’s (NASDAQ: AAPL) iCloud service this month (Reuters) Carlyle Group…
The House defeated a bill to raise the national debt limit. (Reuters) Google (NASDAQ: GOOG) unsuccessfully tried to form a venture with Facebook. (Reuters) SAC is under investigation for its trading of…
Nokia (NYSE: NOK) chairman Jorma Ollila really should not be on the 24/7 Wall St. America’s Worst Directors List. Nokia is based in Finland, but it is traded on the NYSE and…
Over the last week, 24/7 Wall St. has been working on two different pieces about Nokia Corporation (NYSE: NOK) and Research-in-Motion Ltd. (NASDAQ: RIMM). Nokia was “Nokia’s No Way Out Scenario” and…
Microsoft (NASDAQ: MSFT) says that the sales of Windows in China are about 5% of what they are in the US although each country has about the same number of PCs. Piracy…
Google (NASDAQ: GOOG) was sued by PayPal and Ebay (NASDAQ: EBAY) over the use of trade secrets in its new e-commerce payment system. (Reuters) A power shortage in China may cause the…
In defense of Steve Ballmer, Microsoft (NASDAQ: MSFT) may not be a company that can be greatly improved, no matter who runs it. Hedge fund chief David Einhorn of Greenlight Capital called…
G8 leaders will met and will probably focus on the IMF and upheaval in Africa and the Middle East (Reuters) Hedge fund manager David Einhorn wants Steve Ballmer replaced as CEO of…
Sony Corp. (NYSE:SNE) Chief Executive Howard Stringer is living proof of “Murphy’s Law.” Everything that could have gone wrong for the media and electronics giant has done so. Last month came word…
Apple’s (NASDAQ: AAPL) share price is supposed to keep going up. Many brokers have price targets for the stock above $400 and some are as high as $450. The stock trades at…
