Pressure mounts to break CEO and chairman roles at Bank of America

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Pressure mounts to break CEO and chairman roles at Bank of America

Filed under: Company News When Bank of America ( BAC ) was in deep trouble due to write-offs and possible scandals about payments to employees at Merrill Lynch just before it was acquired by the huge bank, a number of investors called for chairman and CEO Ken Lewis to step down. A more moderate group...
Google beats earnings estimates, sales fall from previous quarter

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Google beats earnings estimates, sales fall from previous quarter

Filed under: Company News , Technology , Earnings Google ( GOOG ) beat analysts’ profit estimates after cutting jobs and costs, but the online ad giant saw its first quarter-to-quarter drop in sales since going public in 2004. “We’re still basically in uncharted territory,” Eric...
Texas Rangers owner behind in the count

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Texas Rangers owner behind in the count

Filed under: Company News , Investing In the chain of dominoes that is the American economy, sports teams fall somewhere in the middle, knocked over by the owner, landing on top of the fan. For major league baseball’s Texas Rangers and the NHL’s Dallas Stars, the dominoes are wobbling as...
For General Electric, ‘how’ of Q1 earnings may trump ‘how much’

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For General Electric, ‘how’ of Q1 earnings may trump ‘how much’

Filed under: Company News , Earnings What a quarter it has been for General Electric ( GE ). Manufacturer of everything from light bulbs to nuclear reactors, it has seen its stock fall 25 percent so far this year — and that’s including a six-week-long surge in which it has nearly doubled...
For General Electric, ‘how’ of Q1 earnings may trump ‘how much’

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For General Electric, ‘how’ of Q1 earnings may trump ‘how much’

Filed under: Company News , Earnings What a quarter it has been for General Electric ( GE ). Manufacturer of everything from light bulbs to nuclear reactors, it has seen its stock fall 25 percent so far this year — and that’s including a six-week-long surge in which it has nearly doubled...
Led by banks, tech and an IPO, stocks rise

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Led by banks, tech and an IPO, stocks rise

The financial sages have started calling the market grossly overbought on the near-term, but enthusiasm for stocks is exactly as high now as it was low six weeks ago. That optimism pushed the Dow Jones Industrial Average up 96 points, or 1.2 percent, to 8,125 today. Tech stocks like Microsoft ( MSFT...
Massucci’s Take: Sun reminds IBM it’s interested, is IBM listening?

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Massucci’s Take: Sun reminds IBM it’s interested, is IBM listening?

Filed under: Company News , Technology , Columns It’s a story that is playing out quite similarly to the failed Yahoo and Microsoft talks last year. It’s a story of a company with lots of money to invest (IBM, Microsoft), wanting to buy a company (Sun, Yahoo) that has seen its growth stall...
Massucci’s Take: Sun reminds IBM it’s interested, is IBM listening?

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Massucci’s Take: Sun reminds IBM it’s interested, is IBM listening?

Filed under: Company News , Technology , Columns It’s a story that is playing out quite similarly to the failed Yahoo and Microsoft talks last year. It’s a story of a company with lots of money to invest (IBM, Microsoft), wanting to buy a company (Sun, Yahoo) that has seen its growth stall...
Obama names activist to head Bureau of Consumer Protection

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Obama names activist to head Bureau of Consumer Protection

Filed under: People Those who are convinced that President Obama is anti-business will probably shout “Aha!” when they see his choice for the new head of the Federal Trade Commission’s Bureau of Consumer Protection. David C. Vladeck is a long-time part of the legal team for Public...
Is GM the best partner for Chrysler?

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Is GM the best partner for Chrysler?

Filed under: Company News By now, it is an old idea. General Motors ( GM ) should merge with Chrysler, cut weak brands, bargain with the UAW for better pay and benefit terms, and downsize plants. Based on news reports, the companies talked about merging several month ago. The talks fell apart and it...

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