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AT&T Wins FCC Approval - Acquires Leap And Cricket
Friday, March 14, 2014 - 1:25pm | 594Read More...AT&T (NYSE: T) announced Thursday that its $1.3 billion acquisition of Leap Wireless (NASDAQ: LEAP) and its Cricket brand was now complete. The announcement followed a statement by the Federal Communications Commission on its website that it had approved the deal, which had originally been...
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Target Blew It And Here's How
Thursday, March 13, 2014 - 12:21pm | 640Read More...If you think the biggest retail hack in U.S. history happened because Target (NYSE: TGT) didn’t have a strong enough security system, you are wrong. Target’s security system, provided by computer security firm, FireEye (NASDAQ: FEYE), worked just fine, according to a recent report by Bloomberg...
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Warren Buffett: America's Best Days Lie Ahead
Monday, March 3, 2014 - 12:07pm | 665Read More...Berkshire Hathaway (NYSE: BRK-B) founder Warren Buffett’s annual letter to stockholders is considered one-part corporate guidance and one-part “investor’s almanac” by many on Wall Street – not just Berkshire shareholders. According to The Wall Street Journal, Buffett’s habit of including a...
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Google Obsessed With Speed, Says 10 Gigabit Internet On The Way
Friday, February 14, 2014 - 2:27pm | 560Read More...Google (NASDAQ: GOOG) is obsessed with speed. So said Google chief financial officer, Patrick Pichette, during the Goldman Sachs Technology and Internet Conference as reported by USA Today. Part of that “speed obsession” is currently being manifested in somewhat feverish attempts to develop and...
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Comcast Set To Acquire Time Warner Cable And Also Reportedly Compete with Netflix
Thursday, February 13, 2014 - 11:07am | 601Read More...In the world of entertainment-related news stories, it’s what you call a double feature. Comcast (NASDAQ: CMCSA), the largest cable television operator in the U.S. will acquire the second largest, Time Warner Cable (NYSE: TWC), according to The Wall Street Journal. At the same time, the...
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Rising Vehicle Inventories In Detroit: Kelley Blue Book Analysts Weigh In
Wednesday, February 12, 2014 - 1:22pm | 610Read More...The problem: Automakers including General Motors (NYSE: GM) and Ford (NYSE: F) have too much unsold inventory. According to Jack Nerad, executive editor and market analyst at Kelley Blue Book, when inventories rise, incentives (discounts) are inevitable. In an email to Benzinga, Nerad said, “...
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Janet Yellen Expresses Optimism, But Says Economy Is Not 'Close to Full Recovery'
Tuesday, February 11, 2014 - 4:02pm | 560Read More...As testimony continued in a manner one blogger described as a "remarkably slow cadence," incoming Federal Reserve Chairwoman, Janet Yellen, told Congress Tuesday that the central bank remains optimistic on the economy and was determined to retreat from its stimulus program slowly. In prepared...
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Another Obamacare Delay For Businesses, But Not For Individuals
Tuesday, February 11, 2014 - 1:22pm | 464Read More...The White House on Monday announced it would give mid-sized employers more time to determine how to comply with the so-called “employer mandate” in the Affordable Care Act. Republicans immediately drew attention to the fact that, despite the fact employers are catching a break, individual...
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IBM Looking To Sell Chip Manufacturing Business
Friday, February 7, 2014 - 2:23pm | 543Read More...U.S. technology giant, International Business Machines (NYSE: IBM) has appointed Goldman Sachs (NYSE: GS) to help it explore the possibility of selling its semiconductor manufacturing business, according to a report in the Financial Times on Thursday. Sources told the newspaper that in lieu of...
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Sony's PCs Are Dead – Up Next, TVs
Friday, February 7, 2014 - 10:28am | 485Read More...The ways in which we consume information and entertainment are changing and Sony (NYSE: SNE) knows it. The company announced Thursday that it would give up its PC division, selling it to Japanese investment fund, Japan Industrial Partners Inc. In addition, Sony said it would spin off its TV...
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Target Set To Lead The Way On Chip And Pin Credit Card Technology
Wednesday, February 5, 2014 - 4:36pm | 556Read More...Almost everyone agrees U.S. credit and debit card security technology is outdated and needs to be changed. The problem, until now, was that nobody wanted to be first. But Target Corp. (NYSE: TGT), which suffered a massive and highly-publicized security breach during the recent holiday shopping...
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Did The Last Anti-Keystone Argument Just Bite The Dust?
Monday, February 3, 2014 - 3:02pm | 595Read More...With the State Department’s release of a report Friday concluding the Keystone XL pipeline would not substantially worsen carbon pollution, the Obama administration apparently had one less reason for not approving the project. Last summer, the President said he would approve the 1,700-mile...
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Should Corporate Income Tax In The U.S. Be Abolished?
Tuesday, January 14, 2014 - 4:07pm | 770Read More...As with any controversial topic, the question of corporate incomes taxes – whether to impose them or not - has two sides. In a January 5 OpEd in The New York Times, Boston University economics professor, Laurence Kotlikoff took the “dump them” side. According to Kotlikoff, eliminating or...
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Dell Rumored To Lay Off Up To 9,000 Employees Worldwide
Friday, January 10, 2014 - 11:35am | 600Read More...If you work in sales and marketing for Dell (NASDAQ: DELL) in Europe, the Middle East or Africa, look at the employee to your left and to your right. One of you is about to be laid off. At least that’s what sources told the U.K.’s The Register. According to the sources, Dell planned to cut 30...
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IBM Bets $1 Billion On 'Watson'
Friday, January 10, 2014 - 11:30am | 598Read More...Despite a less-than-stellar performance as a revenue generator so far, IBM's (NYSE: IBM) Watson supercomputer is getting significant financial support in an attempt to bring the company’s Jeopardy-winning bundle of wires and chips to a large array of applications. Originally, IBM Chief...
















