According to Reuters, American Express (AXP) earnings dropped 72% but still beat expectations. Reuters writes that Geithner was confirmed to be Treasury Secretary. Reuters reports that people lost confidence in business globally in 2008.
According to Reuters, The National Association of Business Economics survey found that members believe that the economy has it its worst period in 27 years. Reuters reports that Pfizer (PFE) is close to a…
According to Reuters, Samsung had its first ever quarterly loss. Reuters reports that Pfizer (PFE) is in takeover talks with Wyeth (WYE), a deal that would be worth $60 billion. Reuters reports that a…
The surprise earnings release from Microsoft this morning was meant to ward off leaks on an already-down day. But Google Inc. (NASDAQ: GOOG) was the scheduled duelist against Microsoft for all of the media…
It is almost hard to believe, but there is another merger announcement this morning. Interwoven, Inc. (NASDAQ: IWOV) has entered into a definitive agreement to be acquired by UK-based Autonomy Corporation plc. The merger…
According to Reuters, a House committee advanced the economic stimulus bill. Reuters reports that China’s GDP growth slowed. Reuters reports that exports from Japan dropped sharply. Reuters writes that Sony (SNE) warned of its…
According to Reuters, the financial crisis may speed up the approval of the Treasury Secretary. Reuters reports that Fiat has set a deal to own 35% of Chrysler. Reuters reports that an assault on…
The New York Times will probably not be writing a piece on the fact that Carlos Slim has occasionally been accused of creating his great wealth in part because he has been "close" to…
According to Reuters, Chrysler and Fiat in are in talks about a possible partnership. Reuters reports that Carlos Slim will invest $250 million in The New York Times. Reuters writes that China is weighing…
Fox Business has been sending us PR alerts off and on for the last several business days. Usually the editors here would find them helpful. We are not allowed to watch financial TV because…
What is it with billionaires and newspaper publishers? Carlos Slim, the Mexican telecommunications tycoon, is consideringincreasing his investment in the New York Times Co. (NYSE:NYT) byseveral hundred million dollars, according to The Wall Street…
According to Reuters, there is at least some chance that the US could have to nationalize some banks. Reuters reports that the UK launched a huge new bank rescue plan. Reuters writes that Citigroup…
According to Reuters, Bank of America will get a huge financial aid package from the government. Reuters reports that Congress is advancing legislation to release the balance of the TARP funding. Reuters says that…
By now, even the pygmies have heard that Steve Jobs is taking a medical leave of absence as CEO of Apple Inc. (NASDAQ: AAPL). Where Apple goes from here is one issue dependent upon…
According to Reuters, Steve Jobs will take a medical leave from Apple (AAPL) until June 30. Reuters reports that Bank of America (BAC) is in discussions with the government to get billions of extra…