Mitt Romney Could Pick CBS’ Hubbard to Replace Ben Bernanke
COLUMBIA BUSINESS SCHOOL DEAN GLENN HUBBARD TELLS FOX BUSINESS NETWORK THAT IT IS “PREMATURE SPECULATION” ON TO WHETHER ROMNEY WILL ASK HIM TO BE CHAIRMAN OF THE…
Read MoreAugust 2012
Navistar International Surges On EPA’s Final Ruling on Engines
The stock price of Navistar International Corp (NYSE:NAV) surged to as much as $23.49 per share during the midday trading today, following reports that the Environmental…
Facebook Gets Some Love From Apple Guru Gene Munster
Gene Munster is probably the only analyst with name recognition outside of the financial sector. His constant focus on Apple Inc. (NASDAQ:AAPL), and past correct…
Merger of Glencore-Xstrata is Opposed by Qatar Sovereign Fund
Qatar Sovereign Fund (Qatar Holdings) (Qatar Investment Authority) has reiterated its position to vote against the much awaited decision on the proposed merger between Xstrata PLC (LON:XTA) and Glencore…
Morgan Stanley Smith Barney Advisers Threaten To Leave The Company
Brokerage Morgan Stanley Smith Barney (MSSB) is facing somewhat of a revolt from some of its advisers, who are fed up with glitches in the…
Two-Thirds Of Apple’s App Store Has Not Been Dowloaded
Despite the extreme popularity of Apple Inc. (NASDAQ:AAPL)’s App Store, two-thirds of the mobile applications for the iPhone and iPad have never been downloaded. This piece of information…
Initial Public Offering Announced For Workday, a Rival of Oracle
HR and payroll software company, Workday Inc., filed its S-1 form declaring its intention to go public and to raise $400 million in an IPO….
Strategic Petroleum Reserve Loans 1M Barrels Of Oil To Marathon
Marathon Petroleum Corporation (NYSE:MPC) received a loan of one million barrels of sweet crude oil from the Department of Energy in response to its request…
New Auto Sales To Jump A Healthy 19% In August: Kelley Blue Book
Riding on the retail demand from consumers, new car sales in the US is expected to rise 19 percent in August, to 1.3 million units,…
Diet Pepsi Sweetener Being Changed by PepsiCo
PepsiCo, Inc. (NYSE:PEP) is trying to revitalize its drinks business in the American continents, with an emphasis on sodas. The flagship Pepsi-Cola may get a…
Amazon Kindle Fire 2 May Include Nokia Navigation
Amazon.com, Inc. (NASDAQ:AMZN), the online retail giant, is getting ready to launch Kindle Fire 2, the successor to one of their hottest selling gadgets. A new…
Fannie Mae and Freddie Mac Increase Guarantee Fees Per Regulations
The Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to increase its guarantee fees on mortgages for single-family homes by 10 basis…
SAIC Inc Trades Up On News Of Plans To Split The Company
SAIC, Inc. (NYSE:SAI) is up almost 4.5% today to $12.34 in response to the company’s announcement that it will split into two public companies. SAIC,…
Apple Rivals To Launch Devices Ahead Of iPhone 5 Launch
Next week will witness a number of launches from Apple Inc. (NASDAQ:AAPL) competitors, including Nokia/Microsoft, Motorola, and Amazon. Let’s take a look at them briefly…
Ben Bernanke at Jackson Hole Strongly Hints of QEIII
Federal Reserve chairman Ben S. Bernanke clearly stated that he wouldn’t rule out any attempt, including bond purchases (AKA QEIII), that can reduce the unemployment…