Zings Of The Day

Warren Buffett disclosed a 5.5% stake in IBM (NYSE: IBM) yesterday. Buffett has always eschewed investing in tech because he didn't understand it. At 81, I guess he finally learned how to turn on a computer. Harrisburg, Pennsylvania missed a final deadline last night to agree with its creditors...

Green Mountain (NASDAQ: GMCR) reported worse than expected earnings, and shares plunged today as a result. "Good to the last drop in shares" is the company's new motto. Jefferson County in Alabama filed for chapter 9 bankruptcy protection, the largest municipal failure in U.S. history. That Taj...

Groupon lowered the amount of money it intends to raise when it goes public, selling $540 million worth of stock, down from $750 million. I'll be waiting for my daily email with 100 free share. A cyber attack last year on Nasdaq OMG Group (NASDAQ: NDAQ) was more serious than the exchange let on...

Moody's yesterday downgraded Spain to A1 from Aa2 with a negative outlook. Probably because everyone takes a siesta in Spain every time they do something good. Not exactly a way to run a country. Samsung and Google (NASDAQ: GOOG) introduced their Galaxy Nexus phone, which runs on the latest...

Deutsche Bank (NYSE: DB) CEO Josef Ackerman said the banks would "do everything" in its power to avoid a forced recap. So making investments The outages for Research in Motion's (NASDAQ: RIMM) Blackberry spread to North America, and many users continue to complain about the service, or lack...

Hewlett-Packard (NYSE: HPQ) is reconsidering its plan to spin off its PC division, as the costs may outweigh the benefits. HP is flipflopping. Must be why they hired Meg Whitman to be their new CEO. Remember, she ran for California Governor. Research in Motion (NASDAQ: RIMM) is in its third...

Sony (NYSE: SNE) said the outlook in Europe and North America for the end-of-year shopping season is "murky." Talk about spreading good cheer. Who's your new CEO? Scrooge?

Oracle (NASDAQ: ORCL) agreed to pay $199.5 million to settle a lawsuit that accused Larry Ellison's company of overcharging the U.S. government for nine years. Everyone over charges Uncle Sam. It's the American way. The European Commission is going to discuss plans over the weekend on how it will...

European Commission President Jose Manuel Barroso said today there is more than likely going to be a plan to recapitalize European banks and "get rid of toxic assets they may have." If they just get swept under the rug, everything will be fine. No worries Europe. It's all good. Spain was able to...

Moody's downgraded Italian debt to A2 with negative outlook, but markets shrugged it off. Probably watched a really good episode of the Sopranos. The U.S. and New York attorney generals filed lawsuits against Bank of New York Mellon (NYSE: BK) saying it inflated exchange rates on currency...

Boeing (NYSE: BA) finally delivered its first 787 Dreamliner yesterday to All Nippon Airways. Nothing like a day late, and a dollar short. Or if you're Boeing, 1095 days late. Groupon is now unsure of when it will go public, the company is still committed to going public. Friday, it changed the...

The Federal Reserve announced Operation Twist yesterday, where it will sell $400 billion worth of U.S. Treasuries for longer dated maturities. Sadly, Chubby Checker dissented on the FOMC. European PMI came in much lower than expected this morning, as worries about a global slowdown are firmly...

AOL (NYSE: AOL) fell 12% after Arianna Huffington said the company won't merge with Yahoo (NASDAQ: YHOO). The company's new slogn is "You've Got Fail." SABMiller announced it was buying Australian brewer Foster's. Foster's. Australian for takeover.

S&P cut Italy's credit rating to A from A+, with a negative outlook. Why do I have a feeling S&P is going to get made an offer it can't refuse? Greek Prime Minister George Papandreou is considering potentially exiting the euro. Gyros for no one.

General Motors (NYSE: GM) agreed to a new contract with the UAW on Friday, the first of the three major American automakers. Still can't agree on a higher share price though. European central banks are now net buyers of gold for the first time in more than twenty years. So is the local pawn shop...