There is concern that the new Greek government will not be stable enough to run the nation. (Reuters) As finances in Italy deteriorate, concerns grow about the ability of the government to implement austerity…
Greece may kill a referendum to get an EU bailout and its prime minister may resign in the process. (Reuters) Groupon (NASDAQ: GRPN) raises $700 million with its IPO. (Reuters) Sales at large chain…
Will Greece be kicked out of Eurozone? Greece is on the brink of expulsion from the eurozone. That would cause an immediate default of the nation’s sovereign debt, as well as trigger a series of events that…
The Federal Reserve cuts its forecast for employment and GDP growth. (Reuters) The expanding Greek debt problem will trouble the G20 summit. (Reuters) Groupon’s IPO may be a dollar higher than its $16 to…
Media producer Time Warner Inc. (NYSE: TWX) this morning posted adjusted EPS of $0.79 on $7.07 billion in revenues. Consensus estimates called for EPS of $0.76 on revenues of $6.97 billion. The company also…
Sirius XM Radio Inc. (NASDAQ: SIRI) has gone off the steadily climbing share price trajectory. We argued before that Sirius in many cases may now be tied to Ford Motor Co. (NYSE: F) and…
George Papandreou convinces the Greek cabinet of the virtues of a national referendum on budget cuts, but he now faces the leaders of France and Germany. (Reuters) The FBI may investigate the fall of…
In 1999, about 92% of $13.2 billion in home entertainment spending went to VHS tapes.That percentage fell to zero in 2009. In 2010, spending on DVDs, Blu-Ray discs, and streaming video totaled $18.8 billion,…
There are plenty of challenges facing the network and cable TV industry these day, not the least of which is the growth in streaming video. The well-known troubles of Netflix Inc. (NASDAQ: NFLX) to…
Japan acts to lower the yen before the upcoming G20 meeting. (Reuters) Beacon Power (NASDAQ: BCON), backed by U.S. funds, goes bankrupt. (Reuters) Young and well-educated Greeks begin to leave the country. (Reuters) Panasonic…
After years in the shadows of major media sites, blogs have come into their own. They now compete directly with the most well-funded online content sites, many of which are owned by the largest…
Walmart (NYSE: WMT) will begin to cut hours at some of its 24-hour stores, a sign of flagging traffic as the holiday retail period begins. Walmart has been in the process of rebuilding its…
Google’s (NASDAQ: GOOG) YouTube will launch 100 premium channels, in what will be the start-up of a bone-crushing competitor to online video sites like Hulu and Yahoo! video. YouTube’s size in terms of monthly…
Two of the world’s largest advertising agencies reported earnings this morning, and while the reports are good, the outlook for the current quarter is soft. Things are expected to get better in 2012, with…
Spain’s unemployment rate rose to 21.5% last quarter. (MarketWatch) EU officials not expecting China to invest in the region’s bailout, despite reports to the contrary. (Reuters) Hewlett-Packard (NYSE: HPQ) to keep its PC unit.…