A number of central banks say they will act in concert if the EU financial situation worsens. (Reuters) The UK government and Bank of England could inject as much as 100 billion…
The three major US stock indexes opened slightly higher this morning following the data on new US unemployment benefits claims (more coverage here) and 10-year Spanish bond yields that topped 7% (more…
Nokia (NYSE: NOK) to lay off 10,000 people. (Reuters) RealtyTrac reports foreclosures rise for the first time in 27 months. (Reuters) China may cut rates rather than press stimulus. (Reuters) A number…
NokiaWhat CEO Stephen Elop called Nokia’s (NYSE: NOK) “burning platform” just got much smaller. He described Nokia with that analogy immediately after he joined Nokia just over a year ago. The company will…
Members of the Chesapeake Energy (NYSE: CHK) board are close to picking a new chairman. (Reuters) Apple’s (NASDAQ: AAPL) lack of success blocking rivals in court and the slow introduction of the iPhone…
Texas Instruments Incorporated (NASDAQ: TXN) is out with guidance in its second quarter business update. While the results are said to be “narrowed” they are narrowed equally between the high-end and low-end…
The three major US stock indexes opened higher this morning as investors reacted positively to the $125 billion bailout of Spain’s banks (more coverage here). Once investors understood that this was yet…
Shares of Nokia Corp. (NYSE: NOK) rose more than 12% last week, about half that on Friday as rumors swirled that the company might be acquired. Nokia, now partners with Microsoft Corp.…
The three major US stock indexes opened lower this morning as investors wait for weekend data on Chinese trade and industrial production. The drop in US unemployment benefits claims didn’t spur much…
NokiaNokia Corporation (NYSE: NOK) has been one of the greatest disasters in telecom and communications out there as far as raw market value lost. Research-in-Motion Ltd. (NASDAQ: RIMM) is a runner-up, and…
LinkedIn (NYSE: LNKD) and eHarmony suffer data breaches that allow millions of passwords to be released. (Reuters) Janet Yellen of the Fed argues a slow economy may prompt more easing by the…
Growth in mobile phone shipments this year is expected to be about 4%, the lowest growth rate since 2009. That’s according to the latest global mobile phone tracking data from IDC. Total…
Nokia (NYSE: NOK) has launched a line of inexpensive touchscreen phones, perhaps to offset its failure in the high end of the smartphone market. Tens of millions of people around the world…
It is hard to imagine how the situation in Greece could worsen. G7 financial ministers met by phone yesterday to encourage leaders in the region to build a support system for weak…
Douglas A. McIntyre Nasdaq (NASDAQ: NDAQ) will announce what compensation it will give Facebook (NASDAQ: FB) brokers. (Reuters) The European Union continues to look at ways to help the region’s damaged banks. (Reuters) Spain says it has…
