The many problems facing Sprint Nextel Corp. (NYSE: S) are nearly enough to sink the company without any more help. A shrinking subscriber base, an expensive network upgrade, operating losses, and junk-rated…
Some boards of directors of America’s largest public companies have shown such poor judgment guiding their troubled corporations that they have long stopped being effective. Just recently, the misguided actions of the…
Oracle (NASDAQ: ORCL) posts strong earnings due to corporate IT strength. (Reuters) Federal Reserve probably will ease monetary policy to help a struggling economy. (Reuters) GM’s (NYSE: GM) labor deal will create…
Debt and credit rating agencies made a number of changes yesterday, led by the downgrade of Italian sovereign debt by Standard & Poor’s. The agencies also issued changes to debt ratings for…
The largest US wireless carrier, AT&T (NYSE: T) is set for a marketing launch of its fourth generation network, LTE or Long Term Evolution. The five lucky cities are Atlanta, Chicago, Dallas,…
The chairman of China Mobile Ltd. (NYSE: CHL) has said that the world’s largest mobile carrier, with more than 610 million subscribers, does not have a timetable to begin offering the iPhone…
The 30-Year Treasury auction, the so-called Long Bond, had a strong participation for what is technically a 29-year and 11-month bond. The participation rate was strong enough that this still shows a…
Smartphone adoption in the US market has reached 35% of US adult mobile phone users, and 42% of all mobile phone owners. In Europe’s five leading markets (France, Germany, Italy, Spain, and…
Obama proposes a $447 billion job stimulation package. (Reuters) Economic problems to be the focus of G7 meetings. (Reuters) One Super Congress member threatens to quit over concerns about military budget cuts.…
Updated throughout the day Google’s (NASDAQ: GOOG) offices in South Korea were invaded by government officials (Reuters) AT&T (NYSE: T) may be able to lower its offer for T-Mobile if regulators force…
Yahoo! (NASDAQ: YHOO) CEO Carol Bartz fired over the phone. (Reuters) Obama may propose a $300 billion employment package with tax cuts and new expenditures to train workers. (Reuters) Pressure increases on…
Not even a week after the US Department of Justice filed a complaint to block the proposed $39 billion merger of AT&T (NYSE: T) and the T-Mobile USA division of Deutsche Telekom…
Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC) and Citigroup (NYSE: C) may settle charges made by several states over “robo-signing” practices. (FT) Lockheed Martin (NYSE: LMT)…
Jon OggThe recovery has been stalling and it is becoming easier and easier to argue that the next recession (often mislabeled as a double-dip recession) is afoot. Friday’s net-zero in August non-Farm…
U.S. regulators may ask high-frequency trading firms to provide details of their trades. (Reuters) The Federal Reserve tells Goldman Sachs (NYSE: GS) it must review its foreclosure records. (Reuters) Experts cut expectations…
