Massucci’s Take: Is Twitter jumping the shark with CEO’s Oprah appearance?

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Massucci’s Take: Is Twitter jumping the shark with CEO’s Oprah appearance?

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...

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Sony Ericsson’s results show tough times for handset makers

Filed under: Company News , Earnings Sony Ericsson, the handset maker which is the joint venture between the two electronics companies, passed more bad news along to the global cellular industry. For the last quarter Sony Ericsson said it lost 293 million euros ($386 million). The firm also said it...
GE beats forecast, but profits down 35 percent

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GE beats forecast, but profits down 35 percent

Filed under: Company News General Electric ( GE ) posted a net profit that’s down 35 percent from last year, but beat Wall Street expectations. Wall Street expected a 21 cents per share profit and GE posted a profit of 26 cents per share. Revenue for GE fell 9 percent to $38.4 billion. Analysts...
Citigroup exceeds Wall Street expectations

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Citigroup exceeds Wall Street expectations

Filed under: Company News , Earnings Proving that a rising tide can lift even the most leaky of boats, Citigroup Inc. ( C ) became the latest Wall Street firm to post better-than-expected profits. The New York-based bank posted a loss to common shareholders of $966 million because of the payment of...
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...
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...
Was the teabagger protest a News Corp marketing event?

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Was the teabagger protest a News Corp marketing event?

Filed under: Company News , Economy As I posted Tuesday , some people took time off to protest yesterday. I am not sure what exactly they object to or what they want. It appears that they don’t like paying taxes and they object to government spending. Although they may not have realized it, their...
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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