Reuters: A plan for universal healthcare in China could cut the savings rate. Reuters: Bank regulators are opposing the Obama shake-up of the system. Reuters: Bank of America (BAC) settled SEC charges over Merrill…
Reuters: Video games hope to make a comeback with new titles and price cuts. Reuters: “Cash for clunkers” should help July car figures. Reuters: USB (UBS) shares should do well after it settled with…
The Times of London reports that the Guardian Media Group may close its venerable Observer newspaper. The cuts by the firm may have to go deeper than that based on its most recent financial…
Reuters: Banks paid out billions of dollars in bonuses last year while losing money. Reuters: The US closed its car “clunkers” program just as it began as funds ran out. Reuters: Obame faces more…
Today we had earnings from casino rivals Wynn Resorts Ltd. (NASDAQ: WYNN) and Las Vegas Sands Corp. (NYSE: LVS). While many consider these companies very similar for having higher-end operations and Macau operations or…
Rosetta Stone, Inc. (NYSE: RST) just gave us its first earnings report that had a full quarter’s worth public data in it. The language learning software solution provider did not disappoint. In fact, this…
Investors found a lot wrong with the deal in the search engine industry between Microsoft (MSFT) and Yahoo! (YHOO) The smaller company’s stock dropped 12% and analysts felt that it was particularly badly served…
Nintendo had its worst quarter in a long time. Sales of its aging Wii video console fell by over half to 2.23 million units for the last period. Profits also dropped by more than…
Reuters: Unemployment is causing further stress in the housing market. Reuters: The Microsoft (MSFT) deal with Yahoo! (YHOO) may have challenges with regulators. Reuters: Sony (SNE) lost money on weakness in its TV business.…
Reuters: China and the US vowed close ties to bring the economy out of recession. Reuters: Microsoft (MSFT) and Yahoo! (YHOO) are close to a search deal. Reuters: The Senate may drop a public…
We have two very pertinent earnings this week for casino and resort investors from rivals Wynn Resorts, Limited (NASDAQ: WYNN) and Las Vegas Sands Corp. (NYSE: LVS). Wynn will release results for the June…
A new Gallup poll shows that only 30% of those asked said the Fed was doing an “excellent or good” job. The figure was 53% when Alan Greenspan was chief in 2003. Ben Bernanke,…
Viacom (VIA) had a bad quarter, which was to be expected. Media companies are suffering from drops in advertising revenue and the number of consumers who subscribe to their content services and go to…
Reuters: The recession has badly hurt investments in green technologies. Reuters: Obama called for deeper China ties with the US. Reuters: BP’s (BP) profits fell sharply. Reuters: Bank of America (BAC) will cut 10%…
The earnings of companies including Starbucks (SBUX) and Caterpillar (CAT) have been better than expected. A number of analysts and the press have pointed out that one-time cost cuts, including lay-offs, can’t be sustained.…