Zings Of The Day

Research in Motion (NASDAQ: RIMM) plunged today after the company missed estimates. Must be that "strong" demand for the PlayBook. In Ron Suskind's latest book, there is a claim that the U.S. Treasury ignored a March 2009 order from President Obama to dissolve Citigroup (NYSE: C). Why should the...

"The top priority is to avoid an uncontrolled insolvency, because that wouldn't just hit Greece," German Chancellor Angela Merkel said this morning. Angela, it would kill all of Europe. Glad you're just realizing that. Shares of Bank of America (NYSE: BAC) reacted well to news that CEO Brian...

French banks fell sharply today over fears of an imminent Moody's downgrade. They responded by smoking cigarettes, eating cheese and acting snooty. In other words, it was a typical Monday in France. J.P. Morgan's (NYSE: JPM) Jamie Dimon said the U.S. should exit Basel III, saying its "blatantly...

President Obama last night unveiled his American Jobs Act, which includes $170 billion in payroll taxes, $194 billion for extending jobless benefits, and $105 billion for infrastructure. Sounds like the definition of insanity. Glad to be American. Bank of America (NYSE: BAC) is considering...

Federal Express (NYSE: FDX) is in discussions with Boeing (NYSE: BA) and Airbus for an order of about 50 planes to replace current ones. As long as my Amazon packages get here on time, I don't care how you do it. Amazon (NASDAQ: AMZN) has reached a tentative deal with Californian law-makers. In...

Yahoo (NASDAQ: YHOO) fired CEO Carol Bartz after she was unable to turn around the company. That loud expletive heard was Bartz saying goodbye from her iPad. The Italian Senate voted in favor of a widely criticised austerity package to try to strengthen confidence the country is serious about...

Italian workers carried out an eight-hour strike today to protest the government's €45.5 billion austerity proposals. Apparently, his was an offer they could refuse. Big US banks such as Bank of America (NYSE: BAC), JPMorgan (NYSE: JPM), Wells Fargo (NYSE: WFC), Citigroup (NYSE: C) and Ally...

The Federal Reserve has requested that Bank of America (NYSE: BAC) have a plan of action if its financial situation worsens. Yea, it's called handouts. AT&T (NYSE: T) may have to sell as much as 25% of T-Mobile's business, including airwaves and customers, to get the merger completed. Too...

Russian bailiffs today raided BP's (NYSE: BP) Moscow offices with regards to a lawsuit over the company's joint venture in Russia, through minority shareholders of TNK-BP. In Soviet Russia, nothing goes right. You're screwed. Carl Icahn yesterday saying his board nominees would try to sell...

Dollar General's (NYSE: DG) second quarter came in better than expected as earnings and revenues beat expectations. It's always a great sign for an economy when a dollar store is seeing increased visits. Wealth effect alright. The yield on 10 year Italian debt fell after the ECB purchased $11.1...

55 million people have been told to prepare for Hurricane Irene, which President Barack Obama warned could be "extremely dangerous and costly." Sounds like my last girlfriend Irene. Dangerous and costly. Warren Buffett may have earned $1.3 billion already on his $5 billion investment in Bank of...

Apple (NASDAQ: AAPL) co-founder Steve Jobs is stepping down as CEO and will be replaced by COO and interim CEO Tim Cook. This one won't have a punchline. Just a big "Thank you, Steve." The FCC has asked AT&T (NYSE: T) for more details why it needs to acquire T-Mobile. Duh. To take over the...

UBS AG (NYSE: UBS) said it will cut 3,500 jobs to save 2 billion Swiss francs ($2.5 billion) in annual costs. It will then funnel those savings to tax evaders. So in other words, nothing new. H.J. Heinz Co. (NYSE: HNZ) shares fell today after the company repeated its forecast for full-year...

Several Deutsche Bank (NYSE: DB) employees and its South Korean brokerage face a trial over a flash crash in the South Korean stock market in November. Verizon (NYSE: VZ) said 45,000 striking workers will get back to work tonight after talks came to a truce over the weekend. Phew. I was worried...

Bank of America (NYSE: BAC) is cutting 3,500 jobs by September, and could potentially cut thousands more. What is it called when banks go bankrupt? Oh ya. That's right. It's called Bank of America. Hewlett-Packard's (NYSE: HPQ) planned exit of the personal-computer business may provide a boost...