Layoffs at big companies are so common now that it is novel when a day goes by without Microsoft (MSFT), Caterpillar (CAT), or Macy’s (MC) letting thousands of people go. There are…
According to Reuters, Allan Stanford was found in Virginia. Reuters reports that the stimulus is unlikely to fix state problems. Reuters writes that US consumer prices probably moved up in January.
Facebook may not make any money, now or in the future. It may only be worth 10% of its maximum valuation of $15 billion. But, in spite of all that it is…
Domestic car sales are down about 30%. Sales at Chrysler have been hit hardest, down 50% in the most recent two months. In a bad economy, it makes sense that consumers will…
Internet display advertising is being challenged by the recession. Traditional media is not the only business being hurt as marketers curtail spending to save money. Barry Diller recently said that the display…
Microsoft (MSFT) is pushing hard to show that it can be a viable competitor in the business of providing operating systems for smartphones. It has done a deal with handset giant LG…
According to Reuters, a poll of economists says the Japanese economy is likely to get worse. Reuters reports that Trump Entertainment may file for Chapter 11. Reuters writes that California may have…
Wall St. is estimating that Microsoft (MSFT) will make $.40 a share in the current quarter and $1.77 for its fiscal year which ends in June. The company’s CEO is sending a…
To cut down on the numbers of stores without Windows in the US, Microsoft (MSFT) is launching its own retail outlets. Given the size of its customer base, it would seem to…
Douglas A. McIntyre According to Reuters, Obama is working on a program to help some homeowners pay their mortgages. Reuters reports that Wall St’s appetite to slim down perks will begin to face tests. Reuters…
According to Reuters, Nissan forecast an annual loss. Reuters reports that the Treasury has delayed it bank bailout announcement. Reuters writes that Fannie Mae (FNM) and Freddie Mac (FRE) will channel new…
A look at the companies which announced layoffs in December and January demonstrates that almost no industry is immune from job losses due to this contracting economy. Tech companies such as Microsoft…
PCs are so well-made now that they do not have to be replaced until they break. The processors put in computers made two years ago are still powerful enough for most consumer…
The massive power in the newest of low-cost PC’s is killing the computer companies PC’s are becoming about the same as refrigerators and toasters. And now the $10 laptop is on the…
S&P has reported that the dividends of companies in its S&P 500 index are being cut at the fastest rate in fifty years. A report by the Associated Press says that even…
