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Michael Dell Ups the Buyout Bid 25 Jul 2013 | 09:53 am
Michael Dell has upped the ante in his bid to take the company he founded, Dell Computer, private. Dell says he will now offer an additional $150 million on top of the original $24.4 billion, this on...
Cisco Systems to Purchase Sourcefire 24 Jul 2013 | 09:37 am
Cisco Systems announces it will acquire Sourcefire, the cyber security company, for $2.7 billion. While much of the IT sector is floundering, cyber security is a burgeoning industry. Cisco has been ...
Wall Street Gains Despite Weak McDonald’s Reporting 23 Jul 2013 | 09:43 am
All the major indices were up slightly on Wall Street, this despite McDonald’s reporting another disappointing quarter for 2Q. Financial shares continued their strong showing, joined by shares of hea...
Italy Delays Needed Tax Policy Reform, Again 22 Jul 2013 | 08:44 pm
It looks like the Italian coalition government will again postpone important tax reform measures. New tax policy, including a property tax levy, being pushed by the nation’s lenders, while it would b...
Home Prices Rise in California Housing Market 19 Jul 2013 | 09:29 am
Home prices are on the rise in California as the housing market is at its highest levels in 6 years. In the San Francisco Bay area, the average price for a home hit $550,000 in June, the highest it h...
Unemployment Applications Drop by 24,000 18 Jul 2013 | 08:26 pm
Good news on the jobs front, this as the Labor Department reports for the first time unemployment applications fell last week by 24,000, dropping to 334,000. The drop was not enough to move the joble...
Global Stock Markets Fall Before Bernanke Testimony 17 Jul 2013 | 09:12 am
Stock markets around the world were down as investors wait to see what Fed chief Ben Bernanke has to say tomorrow before Congress. The Fed chairman is set to make his semi-annual trek to Capitol Hill...
Inflation Stays on Track as Industrial Output Gains 16 Jul 2013 | 08:45 pm
Even as consumer prices moved up in June, signs that inflation has stabilized is good news for the economy and even better for those supporters of quantitative easing. In fact, core prices for June, ...
Hungary to Pay Off IMF Loan Early 16 Jul 2013 | 02:50 am
Hungary says it will pay back its loan to the IMF early. On top of that, it wants the fund to shut down offices in Budapest. The move will show economic stability for the nation and its prime minist...
US Airways Shareholder Approve Merger 12 Jul 2013 | 08:59 pm
Shareholders in US Airways have voted to approve the proposed merger with American Airlines. The next step will be regulatory approval. Although there have been some detractors to the merger, most s...
