The House defeated a bill to raise the national debt limit. (Reuters) Google (NASDAQ: GOOG) unsuccessfully tried to form a venture with Facebook. (Reuters) SAC is under investigation for its trading of…
Korean car companies sold 109,000 units in May, according to car research firm Edmunds. That would put the sales of Kia and stablemate Hyundai ahead of Japan’s Honda (NYSE: HMC) and Nissan.…
Unit Sales Forecast Manufacturer May 2011 Forecast % Change vs. April 2011 % Change vs. May 2010 Chrysler 110,132 -5.3% 5.1% Ford 188,280 -0.5% -1.9% GM 225,394 -3.1% 1.5% Honda 92,889 -25.6%…
Experts say a Greek default would harm other EU nations and banks. (Reuters) Several insurers face large losses because of US weather damage. (Reuters) AIG (NYSE: AIG) will price shares to be…
NYSE (NYSE: NYX) was thrashed as Nasdaq (NASDAQ: NDAQ) and ICE pulled their buyout offer due to regulatory concerns. Hewlett-Packard (NYSE: HPQ) was savaged by the press as information from its CEO…
Today’s alternative energy news leads off with a warning from Evergreen Solar, Inc. (NASDAQ: ESLR) that it may not be able to continue as a “going concern.” The state of Connecticut has…
The government may stop the sale of $9 billion in AIG (NYSE: AIG) shares if it does not do well. (Reuters) Taketa may take over Nycomed for $14.2 billion. (Reuters) Cisco (NASDAQ:…
First Trust has launched yet another global ETF, this one being based upon the NASDAQ OMX Global Auto Index. It doesn’t take a rocket scientist to get what it invests in. This is…
China eased restrictions on US companies to give them access to supply the People’s Republic services and to sell mutual funds. (Reuters) Toyota’s (NYSE: TM) operating profit dropped 52% in the last…
Earnings season is slowing down as we have over 80% of the S&P 500 companies having reported earnings for the first quarter of 2011. We do still have key companies reporting earnings…
A new study from the Asia Society published in The New York Times says that China may invest $1 trillion in markets outside its borders before 2020. Much of the capital could…
Douglas A. McIntyre VW has stated that it cannot overtake GM (NYSE: GM) and Toyota (NYSE: TM) as the world’s No.1 car company without a large expansion of its US sales. The German company should…
Alternative energy news today ponders electric vehicles and the batteries that power them, takes a look at solar installation in India and the risks still involved with solar plants generally, and closes…
Updated throughout the day. The FTC has readied a complete investigation into Google’s (NASDAQ: GOOG) dominance in search. (Bloomberg) A sale of Warner Music Group (NYSE: WMG) could happen as early as…
A great deal of the most harsh business press is related to Warren Buffett companies and the Sokol insider trading scandal. The puts Berkshire Hathaway and Lubrizol on the list Allergan received…
