It is hard to understand why anyone would want to buy Sirius XM (SIR). All it has left is Howard Stern and he will probably leave soon enough. Sales at Sirius... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]...

Much of the crisis in the banking industry has been blamed on the inaction of the boards of directors at companies including Bank of America (BAC) and Citigroup (C). Some of Citi's most prominent members have left, probably not entirely of their own volition. The board at B of A has been savagely at...

As John David Rockefeller discovered at the end of the 19th Century, there is not much money in refining crude if the supply is not abundant. The US has been a net importer of oil for decades. There are very few places left in America where drilling below dry land is profitable. Last summer, several...

BMC Software Inc. (NYSE: BMC) is doing something that many software and technology companies might consider heresy.  It grew earnings, and is raising guidance.  Doen't the company know there is a recession? It posted flat Q3 net income flat of $83.8 million.  This translates to $0.64 ...

ADP is out with its own "pre-unemployment number" again for January, and the jobs lost aren't expected to be pretty.  The payroll company now expects that the US private sector lost some 522,000 jobs in January.  So far, estimates for Friday's unemployment data are for a loss of ...

The car industry in the US is no longer just under siege. It is irreparably broken. There are no longer circumstances under which costs can be cut enough to make the business viable if vehicles are built in the US and sold through dealers. Domestic car sales by American manufacturers are down 40%. E...

If the government is going to force salary caps on banks, financial firms, and car companies that will get federal money, it needs to go further. The argument for limited pay at firms like banks is that, if they get billions of dollars in bailout cash, the money should not go to pay big compensation...

Macy's (M) will cut 7,000 workers, about 4% of its work force. The company says it will also slash its dividend. Macy's same-store sales were off 4% in December. Many analysts believe that retailers which aim at middle class buyers will have an especially hard year. Some estimates put the total numb...

John Tamny  RealClearMarkets Since the U.S. ran its first budget deficit, there have been arguments over the economic implications. The more austere among us have suggested we're living on borrowed money that will eventually cripple us as a nation, while the more optimistic have noted that, so ...

Toyota (TM) has cut its production forecasts for 2009 for the third time. That is hardly good news for Ford (F) and GM (GM) which rely on a balance of foreign and domestic sales as they work toward operating break-even. According to MarketWatch, the latest cut "would be Toyota's third downward revis...