When Google (NASDAQ:GOOG) decided to leave China, don't think it wasn't a calculated strategy to curry favor among the media and others. It was all of that and probably more. The problem for Google is it may have backfired for them, and now they are out of the...
Business (Mar 27th, 10)

Research In Motion (NASDAQ:RIMM) has acquired Viigo, a mobile software developer who's software delivers syndicated content to mobile phones. This is according to a small communication on the Web site of Viigo. Users of Viigo simply open up their software cli...
Business (Mar 27th, 10)

Some reports have the Apple iPad (Nasdaq:AAPL) edition of the Wall Street Journal being offered at $17.99 a month, which has generated a lot feedback from bloggers who say that the price is too high, no matter how good the content and quality is offered. The ...
Business (Mar 27th, 10)

Investment in U.K. business took a plunge in the fourth quarter, dropping to its lowest level in close to a decade. What this says of course is the outlook for the British economy is considered good by businesses, and the recession is far from over. The conti...
United Kingdom (Mar 26th, 10)

Bank of America (NYSE:BAC) warrants auctioned off by the government for $2.55 each in relationship to the bailout, have surged by 33 percent over the first three weeks they've been trading, making investors very happy. The Group B warrants added another 12 ce...
Banking (Mar 26th, 10)

SunTrust Banks (NYSE:STI) has some of its ratings downgraded by Fitch Ratings based on commercial real estate loans, mortgages and home equity loans they still hold. Citing the mortgage, home equity and commercial real estate portfolios held by SunTrust Banks...
Banking (Mar 26th, 10)

Many investors and shareholders in Citigroup (NYSE:C) have been concerned over how the Treasury Department was going to divest its 27 percent stake in the company. To ease those worries the Treasury is exploring the idea of selling their shares on a regular sc...
Banking (Mar 26th, 10)

Hewlett-Packard (NYSE:HPQ) announced today it has chosen Peter Galanis as the new chief executive office and president of HP Canada. In a press release, Hewlett-Packard said about appointing Galanis: "Galanis previously served as director of global accounts ...
Canada (Mar 25th, 10)

A number of banks, including Morgan Stanley (NYSE:MS) and Wells Fargo (NYSE:WFC) had sought dismissal of a lawsuit against them which claims municipal derivatives they were working with were attempted to be rigged by them in the bidding process. This lawsuit ...
Legal (Mar 25th, 10)

While Citigroup (NYSE:C) has been enjoying an extremely strong March, short-sellers have been increasing their bets against the giant financial institution, as there isn't anything in the fundamentals which has warranted the increase in Citigroup stock price o...
Stocks (Mar 25th, 10)

A venture capital arm of Intel, Intel Capital India (NASDAQ:INTC), announced it would be investing in three Indian companies - July Systems Inc., KLG SystelLtd and Multi Commodity Exchange of India, with an overall investment in the three of $23 million. Head...
Capital Markets (Mar 25th, 10)

In an agreement with the U.K. Treasury, Royal Bank of Scotland (LSE:RBS) and Lloyds (LSE:LLOY) have agreed to provide $156 billion in new loans for homebuyers and businesses over the next year. On the business lending side, the Royal Bank of Scotland has ...
United Kingdom (Mar 24th, 10)

In an ongoing plan to divest itself of about $10 billion in assets through 2011, ConocoPhillips (NYSE:COP) announced it'll be selling about half of its stake in Russian-based Lukoil. The chief executive office of Lukoil revealed the plans of Conoco, which own...
Energy (Mar 24th, 10)

Citigroup (NYSE:C) was fined $1.25 million from accusations for 35 states that their CitiFinancial unit didn't report 91,127 residential mortgage loans to the federal government. A law requires all residential mortgage loans to be reported in the U.S. Unfortu...
Banking (Mar 24th, 10)

The decision by Google (Nasdaq:GOOG) to leave China as brought the inevitable comparison to Microsoft (Nasdaq:MSFT) and what they are going to do. To me there is not connection whatsoever, and to bring it up in the first place is to attempt to put Microsoft i...
Technology (Mar 24th, 10)

The announcement by E-Trade (Nasdaq:ETFC)that they've hired a new chief executive officer also signaled the company has taken itself off the market and is no longer for sale. Former Citigroup (NYSE:C) executive Steven Freilberg was hired to take the reins of ...
Financials (Mar 23rd, 10)

AT&T (NYSE:T) announced it would be the first carrier of the new smartphone from Dell (Nasdaq:DELL) named the Aero. The company recently announced they would be offering the Pre Plus and Pixi Plus from Palm Inc. too. The Aero from Dell is their first offe...
Telecommunications (Mar 23rd, 10)

According to Credit Suisse (NYSE:CS), Vale SA (NYSE:VALE) could raise the price of iron ore by 90 percent if they adopt what is called Platts index, which is a new way to price the raw material. “Vale is currently pushing for a change in the iron ore pr...
Commodities (Mar 23rd, 10)

With concerns over the rising inflation in China and vulnerability for asset bubbles in the country, the World Bank recommended China should have a strong exchange rate and tighten up their monetary policy. Both of these considerations have already been mulle...
China (Mar 23rd, 10)

With much at stake, a Rio Tinto executive confessed he had taken bribes, and now Stern Hu faces up to 20 years in prison as a result. Hu was the lead negotiator for iron ore for Rio Tinto with China. It's hard to tell if the sentencing will take into account ...
Australia (Mar 22nd, 10)