Updated throughout the day. Citigroup (NYSE: C) has sold EMI’s record business to Vivendi Universal and its publishing business to a group which includes Sony (NYSE: S) Facebook is near a privacy…
The realm of global geopolitics is going beyond nerve-racking in many instances. It is not just the U.S. that is being held hostage by Europe as Japan has a pricey Yen against…
Amazon.com (NYSE: AMZN) has set the price of the Kindle Fire so low that many analysts believe each unit sold will lose money for the e-commerce company. Amazon will offer free shipping…
Media producer Time Warner Inc. (NYSE: TWX) this morning posted adjusted EPS of $0.79 on $7.07 billion in revenues. Consensus estimates called for EPS of $0.76 on revenues of $6.97 billion. The…
Germany’s PMI contracts. Germany’s PMI contracted for the first time since September 2009, and to the lowest level since July 2009 — in the midst of the recession. This signals that the slowdown…
George Papandreou convinces the Greek cabinet of the virtues of a national referendum on budget cuts, but he now faces the leaders of France and Germany. (Reuters) The FBI may investigate the…
Sony (NYSE: SNE) has made another in a long line of disappointing announcements about earnings. This one should cost chairman and CEO Sir Howard Stringer his job. He has been a failure…
In 1999, about 92% of $13.2 billion in home entertainment spending went to VHS tapes.That percentage fell to zero in 2009. In 2010, spending on DVDs, Blu-Ray discs, and streaming video totaled…
Last week Sony Corp. (NYSE: SNE) said it would buy out the 50% stake in Sony Ericsson owned by its partner L.M. Ericsson Telephone Co. (NASDAQ: ERIC) for about $1.46 billion. The…
Sony (NYSE: SNE) has decided to buy out its 50% partner in the Sony Ericsson smartphone joint venture. That is another bad decision, one that will cost the Japanese company in money and…
The failure of the new Nintendo 3DS and upgraded Wii have caused the Japanese company troubles similar to those faced by Motorola, Research In Motion (NASDAQ: RIMM), and Nokia (NYSE: NOK) in…
Eurozone officials decide on a second bailout of Greece and a larger EFSF. (Reuters) Private financial firms have positive reactions to the Obama plan to aid more homeowners with underwater mortgages. (Reuters)…
You know the Wall Street rumor mill goes into overdrive from time to time. This is not so much of a “today” issue but an “all of them, right now!” issue. There are…
Alcoa (NYSE: AA) earnings bring markets lower. (Reuters) Senate defeats the Obama jobs bill. (Reuters) Sony (NYSE: SNE) says a third party tried to sign into 93,000 PlayStation accounts. (Reuters) The Research…
Updated throughout the day. Sberbank of Russia may make an offer for the Turkish unit of troubled Belgian-French financial group Dexia (Les Echos) Yahoo! (NASDAQ: YHOO) is in the early stages of…
Douglas A. McIntyre 
