About 45,000 Verizon (NYSE: VZ) workers have walked off the job after their contract expired and management and union failed to reach a deal. While 45,000 sounds impressive, it doesn’t come close…
The Federal Reserve is under pressure to offer solutions to falling markets and a slow economy. (Reuters)The Swiss franc hits a record against the euro. (Reuters)Bank of America (NYSE: BAC) sued by…
Verizon (NYSE: VZ) faces a strike of 45,000 of its workers. Members of the Communications Workers of America and the International Brotherhood of Electrical Workers walked out because Verizon wants sharp cuts…
The next challenge for Congress will be a tax deadlock. (Reuters)The Nikkei falls another 2% on news of a U.S. downgrade. (Reuters)Yields on Italian and Spanish bonds fall as the ECB agrees…
The FCC has been concerned for some time that not all Americans have broadband, and that those who do have slower connections than they believe. The agency released a report, it claims,…
Pre-paid wireless provider MetroPCS Communications, Inc. (NYSE: PCS) reported earnings and revenues this morning that did not live up to expectations, pushing the shares down -28% in the first half-hour of trading.…
The intensely competitive wireless sector showed some additional blood-letting this week when Sprint Nextel Corporation (NYSE: S) announced second-quarter earnings. The shares closed down 16% at $4.34 after being down as much…
Plans for a budget vote by Republicans in the House fell apart (Reuters)Moody’s threatened to downgrade Spain (Reuters)BSkyB will have a $1.6 billion share buyback (Reuters)S&P said the U.S. should cut $4…
Verizon Wireless is owned 55% by Verizon (NYSE: VZ) and 45% by UK-based Vodafone (NYSE: VOD). Yesterday, the cellular service provider said it would pay a dividend of $10 billion next year.…
This is the Twitter-24/7 Wall St. market report for July 22, 2011. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in…
Next week will mark the true ‘opening the floodgates’ for earnings season. We have given some brief earnings previews and added in color for the DJIA components set to report earnings in…
China’s GDP grew at a 9.5% rate last quarter and the country increased inflation forecasts (Reuters)Moody’s cut Ireland’s rating to junk (Reuters)EU leaders may let Greece default (Reuters)Netflix (NASDAQ: NFLX) raised most…
Each year, Capgemini publishes the U.S. Metro Wealth Index, which ranks the number of high-net-worth individuals living within the ten largest metropolitan statistical areas. According to the report, high-net-worth Individuals “are defined…
HTC announced fiscal third quarter results. The information was good for HTC but not good for rival smartphone firm, Blackberry maker Research In Motion (NASDAQ: RIMM).HTC said revenue more than doubled to…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning.American International Group, Inc. (NYSE: AIG) Started as Neutral at Goldman Sachs.…
