Vanity Fair has announced its “The New Establishment 100″ list for 2009. The selections are based on wealth, influence, and philanthropy, as well as such intangibles as vision and the X factor.” Topping the…
Reuters: Ebay (EBAY) will sell Skype to private investors. Reuters: China’s manufacturing index gained. Reuters: A late Labor Day will hurt August retail sales. Reuters: A US judge ruled against AIG (AIG) in a…
Reuters: The best investment for Chinese companies may be the nation’s own 1.3 billion person home market. Reuters: Japan’s Democrats took power. Reuters: Economists say there is no need for a second stimulus package.…
Reuters: Price cuts on video consoles by Microsoft (MSFT) and Sony (SNE) have causeD the competition in the field to heat up. Reuters: AIG’s (AIG) new CEO says he is working hard and is…
Shares of Vonage (VG) decreased from their peak price of the day yesterday as investors raised concerns about the company’s rapid stock valuation increase. Vonage traded as high as $2.63 before closing at $2.17. …
What had been rumored is now true. Microsoft (MSFT) will cut the price of its Xbox 360 Elite by $100 to $299, the same price as the Sony (SNE) PS3. Microsoft and Sony are…
Shares of Vonage (VG) decreased from their peak price of the day yesterday as investors raised concerns about the company’s rapid stock valuation increase. Vonage traded as high as $2.63 before closing at $2.17. …
Reuters: Derivatives traders dipped into $4 trillion in client collateral. Reuters: Home sales and durable orders improved. Reuters: The US softened its stance on private equity deals to buy banks. Reuters: The “pay car”…
Sales of the Sony (SNE) PS3 and Microsoft (MSFT) Xbox 360 run behind those of the Nintendo Wii most months and in most countries. Sony has attempted to remedy that by dropping the price…
Reuters: Senator Edward Kennedy died at age 77. Reuters: The US Postal System is seeking 30,000 job cuts. Reuters: US housing and confidence data moved up. Reuters: White House and CBO debt revisions will…
The Administration raised its budget deficit forecast for the next ten years to $9.05 trillion from $7.1 trillion, an astonishing 27% increase. The new estimate is much closer to the number that the Congressional…
Sony Corporation (NYSE: SNE) must be betting that it can retake the lead and it must be betting hard that the economic recession’s effects of creating high price-sensitivity are soon to end. In the…
Reuters: Bernanke will be reappointed as Fed chief. Reuters: New deficit projects could hurt Obama’s plans. Reuters: The SEC and Bank of America (BAC) asked a judge again to approve a deal regarding Merrill…
WPT Enterprises, Inc. (NASDAQ: WPTE) has announced that Peerless Media Ltd., a subsidiary of PartyGaming Plc, has agreed to purchase substantially all of WPTE’s operating assets other than cash, investments and certain excluded assets. …
Reuters: A faltering stock market may make it hard for China to cut financial support to the capital markets. Reuters: Roubini warned of a double dip recession. Reuters: Warner Chilcott will buy the P&G…