Reuters: GM (GM) is close to filing Chapter 11. Reuters: A poll of economists says the US recession will end soon followed by modest growth. Retuers: The mood of US consumers rose…
Micro-blogging platform Twitter has 32 million users, which is an increase from about 2 million a year ago, according to research mentioned in The Wall Street Journal. Some Internet measurement services show…
There is news out today that social networking leader Facebook has secured a $200 million financing from Digital Sky Technologies, an internet investment group with significant stakes in Eastern European and Russian…
When Rupert Murdoch’s News Corp (NWS) bought MySpace for $580 million, Wall St. viewed it as a brilliant move. Murdoch got one of the fastest-growing properties on the Internet and it was…
The most provocative question about huge social networks like MySpace, Facebook, and YouTube is whether they will ever make money despite the tens of millions of users that they have. The money…
Central European Media Enterprises Ltd. (NASDAQ: CETV) issued a statement this morning that the Time Warner Inc. (NYSE: TWX) investment closed. It is usually hard to know if the seller or the…
Douglas A. McIntyre Sir Howard Stringer is the first non-Japanese to run Sony (SNE) and putting him into the job was probably a mistake. He was promoted to “re-invent” the company. Instead, he has done…
The May 11 issue of Fortune Magazine is a perfect demonstration of what the three largest business magazines have done for decades. Its cover story, “How Bernie Did It’ is the culmination…
Douglas A. McIntyre According to Reuters, Bank of America (BAC) shareholders voted to separate the chairman and CEO roles and Ken Lewis was replaced as chairman. Reuters reports that talks to keep Chrysler out of…
The advertising recession caught up with Time Warner (TWX) in the first quarter. Revenues declined 7% from 2008 to $6.9 billion, due mainly to decreases at the AOL, Publishing and Filmed Entertainment…
Douglas A. McIntyre Both Yahoo! (YHOO) and The New York Times Company (NYT) reported earnings for the first quarter and there was noticeable synchronicity between them. Yahoo!’s revenue dropped 13% to $1.58 billion and net…
According to Reuters, some members of Congress were unhappy with Defense budget cuts. Reuters reports that Americans are more optimistic about the economy since Obama came into office, according to a New…
These are some of the top pre-market analyst upgrades and positive research calls we have seen from all Street this Monday morning: Abercrombie & Fitch (ANF) Started as Buy at Brean Murray.…
At 842, the S&P is pushing near a 25% gains since it bottomed for the year-to-date at 677 on March 9th. The bank stocks continue an extraordinary run over that period. Citigroup…
The business of having online sites with content created by amateurs to be viewed by other amateurs never had a reasonable chance of making money. The fact that at one point Facebook…
