The cost for Italy to borrow money rose again, and to an unsustainable level. The nation’s 10-year paper yield increased to 7.56%. The southern European nation cannot cover its deficits for long…
S&P may cut its outlook on France’s AAA debt. (Reuters) A judge blocks the $285 million settlement between Citigroup (NYSE: C) and the SEC. (Reuters) Amazon.com (NASDAQ: AMZN) says Kindle sales rose…
November car sales are expected to be strong, which would continue a string of good months for the industry, despite a rough economy Research firm Truecar reports that The November 2011 forecast…
It takes little bad news to ruin a new product’s launch, particularly if the product is revolutionary enough to be strange to the public. According to the National Highway Traffic Safety Administration,…
The Obama administration has begun to push the car industry to double the average MPG each company’s fleet gets by 2025. That would push the number to 54.5 MPG, a figure unimaginable…
Japan’s GDP grew at 1.5% in the quarter that ended in September. It is an impressive figure and one that shows the Asia nation’s economy has rebounded faster than expected. To keep…
The recession and high gas prices have been major forces shaping Americans lives in the past several years. When it comes to the auto market they had a profound impact on our…
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…
Sovereign debt crisis update. Some analysts claim the sovereign debt crisis in the eurozone has worsened in the past day. Others say it has gotten better. Each group is only guessing. Greece received the…
Olympus says it concealed losses for decades. (Reuters) Italy’s sovereign debt interest rates rise sharply. (Reuters) Toyota’s (NYSE: TM) profits fall and it withdraws its full-year forecast. (Reuters) Greece cannot decide on…
General Motors (NYSE: GM) management says it will double sales in China by 2015, according to several media reports. GM executives should know better. It would be better to underpromise and overdeliver,…
Earnings season has peaked, but we still have many key earnings reports and economic events coming in the week ahead. 24/7 Wall St. has featured a calendar with events scheduled all-week on…
Greeks will vote on planned austerity, which could wreck the chances of a conclusion to the bailout. (Reuters) China’s PMI falls to the lowest level since early 2009. (Reuters) Chemical and defense…
European Financial Stability Facility $1 trillion saves greece. The eurozone has set a larger European Financial Stability Facility (EFSF), which may have a balance as high as $1.4 trillion. This amount will…
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…
