Brent crude rose above $125 on news of the explosion of a Saudi pipeline. The news turned out to be a rumor, and the price dropped several dollars. There is a lesson…
Douglas A. McIntyre Anheuser-Busch InBev NV may buy China’s Kingway Brewery Holdings’ assets. (Reuters) The Department of Justice is expected to widen its probe of mortgage-backed securities. (Reuters) AT&T (NYSE: T) sets new standards that will impose penalties…
Networking giant Cisco Systems Inc. (NASDAQ: CSCO) has announced the development of technology that would permit mobile wireless carriers to more cheaply move the masses of data expected to be sent over…
Yahoo! (NASDAQ: YHOO) threatens a patent suit against Facebook, citing a number of violations. (Reuters) TransCanada (NYSE: TRP) cuts the length of its Keystone XL pipeline in the hopes of finishing some…
A deal for Sprint Nextel (NYSE: S) to buy Metro PCS as a means of adding to its troubled subscriber base, has been killed–presumably by the Sprint board. It is one of the…
Wireless carrier T-Mobile USA plans to spend about $4 billion to build out its own 4G LTE network. Oddly enough, the $4 billion is likely coming from a cancellation fee paid by…
Google has applied to provide TV products to homes in Kansas City, Mo. The media has pointed out that this puts the search company into direct completion with cable TV. The offering would also include high…
Comcast (NASDAQ: CMCSA) announced that it will offer a new streaming service to current TV and internet subscribers. The service, called Xfinity Streampix, will have a library of 75,000 television shows and movies.…
Moody’s may cut Morgan Stanley (NYSE: MS) and UBS (NYSE: UBS) as the global euro crisis spreads. (Reuters) Officials in Japan arrest former Olympus executives. (Reuters) Congress reaches a deal on payroll tax…
The latest report from Cisco Systems Inc. (NASDAQ: CSCO) on mobile data traffic offers any number of ‘gee whiz’ moments, but perhaps the most telling is the absolute explosion expected in data…
Updated throughout the day on the 24/7 Wall St. Wire Apple (NASDAQ: AAPL) is at work on a small screen iPad with an 8 inch screen (WSJ) AT&T (NYSE: T) and Verizon…
The relentless attack by U.S. credit rating agencies on the risk of the sovereign debt of EU members continues. It happened again yesterday when Moody’s downgraded a number of nations just after a deal was set for…
Google (NASDAQ: GOOG) gets approval from the European Commission and the U.S. to buy Motorola Mobility (NYSE: MMI). (Reuters) Boeing (NYSE: BA) signs a $22.4 billion deal with Lion Air. (Reuters) Moody’s…
AT&T Inc. (NYSE: T) is announcing the introduction of its “virtual private cloud” as a service along with VMware Inc. (NYSE: VMW) with VMware vCloud Datacenter Service. This is not for Joe Public…
AT&T Inc. (NYSE: T) is planning to issue a benchmark offering of 3-, 5-, and 10-year notes as coupons on corporate bonds are approaching the record low of 3.45% set last August.…
