Filed under: Company News , Technology , Columns , People Twitter co-founder and CEO Evan Williams appeared on Oprah to talk about Twitter’s meteoric rise to fame. Oprah sent her first Tweet and got all giddy when she was Tweeted back from Shaq and Ellen DeGeneres. Williams was on the show for...

Filed under: Indices , DJIA , Financial Crisis , Obama Picks In February I interviewed Bill Gross back when the Dow traded at 7,182. Gross’s message? Equities are dead. Or more specifically, in light of his expectation that there would be no economic growth for the foreseeable future, there was...

General Electric climbed and Citigroup fell after each announced first-quarter results this morning, and a key gauge of consumers’ mood registered its highest reading since September, with the net effect of pushing the Dow Jones Industrial Average up six points, or 0.07 percent, to 8,131. American...

Filed under: Google (GOOG) , General Electric (GE) , Citigroup Inc. (C) , Mattel, Inc (MAT) , Electronic Arts (ERTS) Today was a very light event day outside of two DJIA components reporting earnings. We saw another instance where stocks held on to gains and did not sell the news too bad. It looks like...

Filed under: Company News When we hear of pharmaceutical companies’ ventures it’s usually either a straight merger & acquisition or a collaboration on a drug or two in their pipelines to share costs and, of course, potential profits. But Pfizer Inc. ( PFE ) and GlaxoSmithKline ( GSK...

Filed under: Company News An interesting article crossed my desk this morning. Turns out Fidelity Investments may cut bonuses and profit-sharing this year , if the recession continues. Fidelity’s president, Rodger Lawson broke this news to his employees in a memo. That said, Fidelity spokeswoman...

Filed under: Company News On Thursday, Starwood Hotels and Resorts sued Hilton Hotels, including two former employees who now work for the massive chain. Starwood’s claim is that Hilton has stolen confidential information that it intended to use in the launch of its new Denizen “lifestyle...

Filed under: Economy The dollar has had much working against it in the past decade: roughly eight years of policy errors, an inability by public officials to recognize the mercantilism of major economic powers, and (until recently) a U.S. consumer unable to curb profligate spending habits. But the buck...

Filed under: Company News , Earnings Citigroup ( C ) surprised Wall Street today, reporting a lower than expected loss of 18 cents per share and higher than expected net income of $1.6 billion, further fueling sentiment that a recovery in the banking sector may be underway. Citi reported revenues of...

Filed under: Company News , Economy Sony Ericsson succumbed to rapidly falling global handset sales. The number of units it shipped in the first quarter dropped 35 percent compared with the same period last year, and the joint venture posted a 293 million-euro ($382.7 million) net loss. Experts say...