Reuters: Airlines are cutting back on first class seating. Reuters: Xstrata wants merger talks with mining rival Anglo American. Reuters: Employers are cutting 401 (K) plans. Reuters: Brand loyalty is being hurt by…
Reuters: A survey shows the global stimulus spending lacks direction. Reuters: The race for “green” cars is still wide open. Reuters: GM (GM) and Chrysler will face Senate scrutiny are dealer closings.…
Word is out that the Dow Jones Indexes team is set to release the name of the replacement for General Motors (NYSE: GM) in the Dow Jones Industrial Average. We have heard…
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…
The bets are on that General Motors Corp. (NYSE: GM) is done as far as the current stock is concerned. While it seems that the equity holders of today will keep 1%…
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…
A huge population of red ants has bedeviled Texas farmers for years. By some estimates the insects cost state businesses close to $1 billion a year due to crop and machinery destruction.…
Oracle Corp. (NASDAQ: ORCL) is already in the process of acquiring Sun Microsystems Inc. (NASDAQ: JAVA). This morning came an announcement that Oracle was buying a private company called VirtualIron. Normally private…
Short sellers may have helped themselves by moving out of tech stocks just as shares in the sector began to make big advances. In the period ending. May 11, short interest in Microsoft (MSFT) fell…
According to Reuters, stress tests results will force ten banks to have to raise nearly $75 billion. Reuters reports that Toyota (TM) lost $6.9 billion and warned of more losses ahead. Reuters…
According to Reuters, lenders will object to the Chrysler Chapter 11 filing. Reuters reports that Switzerland is asking US a court to halt a case against UBS (UBS). Reuters reports that SMFG will buy…
The term “material adverse effect” was not in the business vocabulary until about two years ago when LBO deals began to fall apart. Acquirers who got cold feet, or could not get…
According to Reuters, the days of the CEOs of Bank of America (BAC) and Citigroup (C) may be numbered. Reuters reports that a deal has been reached to cut Chrysler’s debt but…
According to Reuters, the government will give Chrysler and GM (GM) new aid. Reuters reports that IBM (IBM) revenue fell more than expected. Reuters writes that the Treasury’s plan to get toxic…
Larry Ellison, who built his reputation on being bad and bold, just got badder and bolder. His Oracle (ORCL) bought Sun (JAVA) making an end-run around IBM (IBM), which had hoped to…
