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Ukraine May Have to Choose Between Russia and the IMF to Avoid Collapse
03/08/2012 - 10:25am

Ukraine has found itself caught between a rock and a hard place, as the country's dwindling cash reserves could force it to make the tough decision of seeking support from either the International Monetary Fund (IMF) or Russia.

Ukraine has found itself in a predicament because the country is dependent on the steel industry for much of its revenue and Rus

Greece Closer To A Deal With Private Sector Bond Holders
03/07/2012 - 2:37pm

Greece is edging closer to having enough of the private sector holders of the country's outstanding debt accept a debt restructuring deal would see the face value of their bonds take a major, while reducing the financial burden of the nearly bankrupt Greek government.

Pandora Media Shares Plunge 23% After Company Misses Targets
03/07/2012 - 11:03am

Shares of Pandora Media (NYSE: P) were down nearly 24% shortly after the market opened on Wednesday morning because the company released disappointing earnings and guidance numbers on Tuesday after the stock market closed.

Pandora Media reported a wider than expected fourth quarter fiscal 2012 adjusted loss of 3 cents per share, compared to the Wall St

American Express Teaming Up With Twitter
03/07/2012 - 9:27am

American Express (NYSE: AXP) and Twitter have announced that the two companies have teamed up to offer American Express cardholders discounts when they use their Twitter accounts to send tweets that include special merchant hashtags.

American Express cardholders can sync their cards with their Twitter accounts at

Qualcomm Announces $4 billion Stock Buyback and 16% Dividend Increase
03/06/2012 - 1:35pm

Mobile phone fabless semiconductor producer Qualcomm (Nasdaq: QCOM) announced a $4 billion stock repurchase program on Tuesday morning. The company also said that it would increase the dividend that it pays to its shareholders by 16 percent to 25 cents per share, up from the previous dividend of 21.5 cents.

Qualcomm Chairman and CEO Dr. Paul E.

Has China Short Seller Muddy Waters Research Lost Its Touch?
03/06/2012 - 11:53am

Integrity Research Associates is out with a report questioning the latest short sell calls of Muddy Waters Research, the company that made a name for itself by short selling Chinese companies it accused of financial irregularities.

Muddy Waters Research is run by Carson Block and has an unusual business model in which it gives away its research for free.

Yahoo Reportedly Planning Thousands of Layoffs
03/05/2012 - 1:55pm

According to AllThingsD.com's Kara Swisher, Yahoo! (NASDAQ: YHOO) Chief Executive Officer Scott Thompson is planning a company wide restructuring that could see thousands of Yahoo employees being laid off.

Stocks Fall After China Lowers Growth Target
03/05/2012 - 12:09pm

China is lowering its economic growth target to an eight year low, so that it can focus on increasing domestic demand and prepare for next year's leadership change.

Sprint Nextel Could Profit from AT&T Policy Change
03/02/2012 - 2:47pm

AT&T (NYSE: T) announced that it will begin to reduce mobile phone download speeds for any of its unlimited data plan users who reach specific data thresholds.

AT&T said that the changes to its unlimited data plans were necessitated because of skyrocketing mobile phone broadband usage and a "limited availability of wireless spectrum", which may have be

Overstock.com Blames Surprise Loss On Google Penalty
03/02/2012 - 12:47pm

Online retailer Overstock.com (NASDAQ: OSTK) shocked its investors today when the company announced an unexpected quarterly loss and plummeting revenue.

Overstock.com reported a fourth quarter loss of $3.4 million, or 15 cents per share, compared with a profit of $14.9 million, or 63 cents per share, a year earlier.