Reuters: GM (GM) is close to bankruptcy after a deal with bondholders. Reuters: Banks are lobbying Washington on derivatives rules. Reuters: Dell’s (DELL) profits fell but beat estimates. Reuters: Iacocca will lose his…
Microsoft Corp. (NASDAQ: MSFT) is making some strong projections and updates for its Xbox video gaming system. The company noted that global sales of the Xbox 360 unit have now crossed the…
Reuters: Central bankers in the US and Europe are battling deflation and inflation simultaneously. Reuters: GM (GM) is close to bankruptcy but the fate of Opel is still open. Reuters: Citigroup (C)…
The sharp rally in technology stocks over the past two weeks has pushed short sellers out of the market. The short interest in Microsoft (MFST) fell 29% in the period ending May…
Nintendo’s strategy with its immensely popular Wii has been to market a simple game console that is easy to operate and appeal to a broad set of consumers. It has largely left the…
Reuters: GM (GM) is close to filing Chapter 11. Reuters: A poll of economists says the US recession will end soon followed by modest growth. Retuers: The mood of US consumers rose…
There is news out today that social networking leader Facebook has secured a $200 million financing from Digital Sky Technologies, an internet investment group with significant stakes in Eastern European and Russian…
Microsoft (MSFT) has come up with a name for its new search engine technology–“Bing”. The world’s largest software company is prepared to spend as much as $100 million promoting the product. There…
The West, particularly the US, has been able to hang onto its lead in technology innovation for the better part of thirty years while the manufacturing economy was driven by cost savings…
When Rupert Murdoch’s News Corp (NWS) bought MySpace for $580 million, Wall St. viewed it as a brilliant move. Murdoch got one of the fastest-growing properties on the Internet and it was…
Sony’s (SNE) plan to turn itself around is all about cutting costs and has nothing to do with building new products or restructuring the firm’s content operations. Sony’s management laid out a…
Reuters: Congress passed a bill to put restrictions on credit card companies. Reuters: The Fed mulled increasing securities during its April meeting. Reuters: Geithner said the US was making progress fighting the…
The most provocative question about huge social networks like MySpace, Facebook, and YouTube is whether they will ever make money despite the tens of millions of users that they have. The money…
NetFlix (NFLX) is making another move to keep it ahead of rivals including Amazon (AMZN) and Blockbusters. It will adding its video-on-demand service to the Microsoft (MSFT) Window Media software. According to…
Intel (INTC) plans to introduce a PC operating systems for low-end machines. The software is based on Linux, an open source platform that allows developers to create products that are often less…
