Business Coverage

Government/General Motors announced today that it lost $4.3 billion during the second half of 2009 (actually from July 10 through the end of the year). A further look at that result will come later after yours truly has time to digest GM's 10K Report to the Securities and Exchange Commission. What stood out even further for me about the announcement was GM's top line, i.e., global revenues. That…

It's a simple law of economics, right?  If there's a demand for a certain service or good, that business has a strong shot at thriving. Since the now-defunct Air America shut down for the last time earlier this year, the casual observer must conclude that no one wanted to hear left-wing diatribes over the broadcast airwaves.  But that's not the case according to a panel on HLN's April 5 "The Joy…

I'm sure they'll have an excuse for this, but whatever it is, it won't fly with yours truly. Saturday, the New York Times published a feature called "The Pay at the Top." Instead of preparing the usual "Who made the most?" list, it instead disclosed the "pay for 200 chief executives at 199 public companies that filed their annual proxies by March 27 and had revenue of at least $6.3 billion."…

The "obesity epidemic" is the fault of poor individual choices and sedentary lifestyles, but in the news, blame typically falls on companies, rather than on the individual. CNN has attacked grocer stores, restaurants and food manufacturers for creating supposedly "addictive" products and in story after story called for more food regulations, taxes or other intervention. CNN's hearty…

Yesterday, Government/General Motors announced changes in its financial management team. Chris Liddell, who himself just started at GM in January, brought on a new VP to be involved with its pension investments. More interestingly, he hired a new VP and Treasurer with an interesting background (bold is mine): During his 11 years at Morgan Stanley (head of Industrials Investment Banking), (Daniel…

After cheerleading and campaigning on the issue for months, the network news media gleefully reported the signing of the $938 billion monumental health care "reform" bill on March 23. At the signing, President Barack Obama emphasized "tax credits" in the bill to help roughly "4 million small-business men and women, to help them cover the cost of insurance for their employees." The…

Here's a story you might not be aware of what with all the media's focus on ObamaCare's passage and the MSM's short attention span when it comes to international news. Yesterday, French President Nicolas Sarkozy decided to back down from a July deadline to pass a carbon dioxide tax into law. Apparently French business leaders had voiced strong objection, noting that it would put French business…

Following up on a post earlier today (at NewsBusters; at BizzyBlog) -- a 16 year-old in southern New Jersey was arrested and charged with "harassment and bias intimidation" for getting onto an area Wal-Mart store's intercom and saying, "Attention, Walmart customers: All black people, leave the store now." Though the company had told the local press Friday evening that it believe that a non-…

While a vote on health care reform legislation appears to be imminent, should it pass it could have broader economic implications, even if the bill itself won't take effect for some time. As CNBC "Mad Money" host Jim Cramer predicted - if it passes, get ready to see a sell-off on Wall Street. Cramer appeared on CNBC's March 18 "The Kudlow Report," with his former broadcast partner Larry Kudlow.…

The problem with the liberal mindset is that it sees government solutions, even when there isn't really a problem. Case in point: broadband internet. Roughly 200 million Americans have broadband internet at home. Millions of others have access to it at work, school, the public library or on smart phones. Only about 5 percent of Americans lack broadband internet access according to The Wall…

It's a topic that would probably make the average individual's eyes glaze over, but will have a profound impact on the economy - for better or worse. The topic - financial regulation reform. With Senate Banking Chairman Sen. Chris Dodd, D-Conn., setting his proposal out for the public, the take away on the reporting from two of the country's major newspapers - The New York Times and Wall…

In 2009, according to financial information at nasdaq.com, the New York Times Company's revenues fell by over 17%. The Wall Street Journal reports that the company's full-time employee count shrunk by 1,681, or over 18%. Rumor has it that more layoffs are planned for 2010. Beginning almost a year ago, the company announced corporate salary cuts of 5%, negotiated similar cuts with newspaper guild…

Two reports linked by Instapundit earlier today demonstrate at a macro and micro level how weak the claim that Toyota has deliberately jeopardized consumer safety in connection with "sudden acceleration" complaints may ultimately turn out to be. The macro piece comes from Megan McArdle (pictured at left; "How Real are the Defects in Toyota's Cars?") at her blog at the Atlantic. The magazine's…

NBC's "Today" gave backhanded praise to Bank of America (BofA) on March 11 because of its decision to stop charging overdraft fees for debit-card transactions. "This is clearly an effort by Bank of America to repair its battered image," senior investigative correspondent Lisa Myers said. "But it's also a meaningful step that will save consumers money and keep families from spending more than…