Updated throughout the day. MySpace will layoff 500 workers. The company is a division of News Corp (NYSE: NWS) (WSJ) The Apple (NASDAQ: AAPL) iPhone will cost Verizon $5 billion in subsidies…
The cost of carrying Monday Night Football is about to go from being expensive to off the charts. We Americans probably never think of the costs behind carrying the game. The costs…
Twitter has, by most estimates, 145 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
Douglas A. McIntyre Updated throughout the day. China car company SAIC will buy a stake in the GM IPO (Reuters) Facebook will add and e-mail service (WSJ) Goldman Sachs Group’s (NYSE: GS) bid to pay…
There is a rumor that Yahoo! (NASDAQ: YHOO) will layoff 20% of its workforce or 20% of the workforce in one of its divisions. Neither may be true. Yahoo! has become the…
The Federal Reserve may allow some of the nation’s strongest banks to raise their dividends. (Reuters) The S&P and DJIA hit 2 year highs. (Reuters) China attacked the US over its plans…
The Federal Reserve took a risky step that will involve the purchase of $600 billion in securities. (Reuters) Nations in Asia and Latin America said they would alter policy to combat dollar inflows…
The Federal Reserve will begin monetary easing shortly. (Reuters) Oracle (NASDAQ: ORCL) CEO Larry Ellison claims he can prove wrongdoing by Hewlett- Packard’s (NYSE: HPQ) new chief executive. (Reuters) The International Energy…
Updated throughout the day. News Corp (NYSE NWS) has killed its digital newsstand (Reuters) Cnooc of China and Ghana National Petroleum have bid $5 billion for Kosmos Energy’s assets in Ghana (NYT)…
Douglas A. McIntyre One of the few bits of investing conventional wisdom that nearly everyone accepts is that people should always look out for number one. The problem with following that advice is investors may…
Reuters: Obama must decide whether China will be designated a “currency manipulator” before the midterm election. Reuters: Google (NASDAQ: GOOG) shares were up after earnings. Reuters: GM’s IPO should be in mid-November.…
Good thing that Barry Diller and Sidney Harman don’t work for the CIA because the two media tycoons are doing a terrible job in keeping word of the potential merger between The…
Douglas A. McIntyre Reuters: BP plc (NYSE: BP) says its $20 billion escrow has paid out 19,000 claims which total $240 million. Reuters: The US said that BP has “killed” the leaking well. Reuters: Bank…
ABC News President David Westin, who has served as the head of the Walt Disney Co. (NYSE:DIS) for 13 years, is calling it a career at the end of the year. Finding…
WSJ: Burger King (NYSE: BKC) is considering a private equity buyout. Reuters: China’s manufacturing sector grew. Reuters: China may probe the BHP Billiton (NYSE: BHP) buyout offer for Potash (NYSE: POT). Reuters: …
