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Michael R Foster

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Louis Hyman, Author of Borrowed, Sees Fundamental Flaws in the American Economy
02/21/2012 - 1:55pm

While many pundits have called the recent economic downturn an unprecedented event, economics historian Louis Hyman disagrees.

Digital Books' Popularity Not Enough for Barnes and Noble
02/21/2012 - 11:31am

Barnes and Noble (NYSE: BKS) spiked nearly 4.5 percent in early morning trading Tuesday after reporting quarterly net income of $52 million, giving investors an EPS of 71 cents per share. While much better than last year's $60.6 million loss, it is below analyst expectations of 94 cents per share.

Deal on Greece Prompts Worries for BNP, Deutsche Bank
02/21/2012 - 10:06am

After twelve hours of back-and-forth negotiating, European leaders have agreed to help Greece avoid a default by providing it with €130 billion ($172 billion).

Wal-Mart's Poorly Timed Investment in China
02/21/2012 - 8:17am

Even when consumers were shopping less, e-commerce was booming. The convenience of online shopping made online retail sales jump by 12.6 percent in 2010 to $176.2 billion, and that number is expected to jump to $278.9 billion by 2015, according to Forrester Research.

Wireless Spectrum Auction Could Benefit Verizon over AT&T, Sprint
02/20/2012 - 12:38pm

An upcoming auction of airwaves to wireless companies may boost revenues for telecommunications companies, although the gains may not be seen for years.

TNT Investors Eager for UPS Takeover
02/20/2012 - 9:35am

Investors in Netherlands-based logistics company TNT Express (AMS: TNT) are eager to see the company accept an offer from America-based United Parcel Service (NYSE: UPS). On Friday, management at TNT rejected an offer of €4.89 billion ($6.43 billion) from the American company.

Payroll Tax Cut Not Enough to Bring Shoppers to Wal-Mart, Costco, Family Dollar
02/17/2012 - 2:12pm

Finally, Congress approved a payroll tax cut that would put more money in the pockets of 160 million American workers.

Apple Loses Market Share as Chinese Users Prefer iPhone Alternatives
02/17/2012 - 12:40pm

China is becoming a bigger headache for Apple (NASDAQ: AAPL), as Chinese consumers eschew the iPhone for other options.

Can Kindle Sales Help Amazon Prove Analysts Wrong?
02/17/2012 - 8:41am

Morgan Stanley downgraded Amazon (NASDAQ: AMZN) yesterday, citing "mixed data points" that suggest the company's stock might hit a ceiling soon. Analysts at the investment firm believe that the company will see lower sales volumes as the transition to tablets forces the company to accelerate its transition to digital media sales.

The Republicans Don't Like the Look on Geithner's Face
02/17/2012 - 7:30am

Representative Jason Chaffetz, a Republican from Utah, wasn't too impressed with Treasury Secretary Timothy Geithner. "You can smile and laugh about it all you want," he said before adding that he was sick of the "silly little smirk" on Geithner's face.

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Louis Hyman, Author of Borrowed, Sees Fundamental Flaws in the American Economy
02/21/2012 - 1:55pm

While many pundits have called the recent economic downturn an unprecedented event, economics historian Louis Hyman disagrees.

Digital Books' Popularity Not Enough for Barnes and Noble
02/21/2012 - 11:31am

Barnes and Noble (NYSE: BKS) spiked nearly 4.5 percent in early morning trading Tuesday after reporting quarterly net income of $52 million, giving investors an EPS of 71 cents per share. While much better than last year's $60.6 million loss, it is below analyst expectations of 94 cents per share.

Deal on Greece Prompts Worries for BNP, Deutsche Bank
02/21/2012 - 10:06am

After twelve hours of back-and-forth negotiating, European leaders have agreed to help Greece avoid a default by providing it with €130 billion ($172 billion).

Wal-Mart's Poorly Timed Investment in China
02/21/2012 - 8:17am

Even when consumers were shopping less, e-commerce was booming. The convenience of online shopping made online retail sales jump by 12.6 percent in 2010 to $176.2 billion, and that number is expected to jump to $278.9 billion by 2015, according to Forrester Research.

Wireless Spectrum Auction Could Benefit Verizon over AT&T, Sprint
02/20/2012 - 12:38pm

An upcoming auction of airwaves to wireless companies may boost revenues for telecommunications companies, although the gains may not be seen for years.

TNT Investors Eager for UPS Takeover
02/20/2012 - 9:35am

Investors in Netherlands-based logistics company TNT Express (AMS: TNT) are eager to see the company accept an offer from America-based United Parcel Service (NYSE: UPS). On Friday, management at TNT rejected an offer of €4.89 billion ($6.43 billion) from the American company.

Payroll Tax Cut Not Enough to Bring Shoppers to Wal-Mart, Costco, Family Dollar
02/17/2012 - 2:12pm

Finally, Congress approved a payroll tax cut that would put more money in the pockets of 160 million American workers.

Apple Loses Market Share as Chinese Users Prefer iPhone Alternatives
02/17/2012 - 12:40pm

China is becoming a bigger headache for Apple (NASDAQ: AAPL), as Chinese consumers eschew the iPhone for other options.

Can Kindle Sales Help Amazon Prove Analysts Wrong?
02/17/2012 - 8:41am

Morgan Stanley downgraded Amazon (NASDAQ: AMZN) yesterday, citing "mixed data points" that suggest the company's stock might hit a ceiling soon. Analysts at the investment firm believe that the company will see lower sales volumes as the transition to tablets forces the company to accelerate its transition to digital media sales.

The Republicans Don't Like the Look on Geithner's Face
02/17/2012 - 7:30am

Representative Jason Chaffetz, a Republican from Utah, wasn't too impressed with Treasury Secretary Timothy Geithner. "You can smile and laugh about it all you want," he said before adding that he was sick of the "silly little smirk" on Geithner's face.