Photo by Andrzej Grygiel/AFP/Getty Images “U2 were never dumb in business,” Bono told music journalist Michka Assayas in the book Bono. “We don’t

The market for timeshares, that odd sliver of the luxury vacation business that has more or less flourished since the 1970s, has never been worse. Americans now own 1.5 million timeshares around the

Today, at an advertising festival in Cannes, Google (GOOG) CEO Eric Schmidt said he believes the economic and financial crisis is largely behind us. In a story by Dow Jones, Schmidt said the worst pe

The Holy Grail de jour of financial market prognostication is predicting the bottom in housing. It's a fool's errand, however. Investing based on a perceived end to declining property values has&

According to Bloomberg, the New York Times Company (NYT) said today that advertising revenue at its newspapers and Web sites fell 13% in May. It was the biggest monthly decline this year for the third

To drill or not to drill? What's good for offshore drillers such as Transocean (RIG), Noble Corporation (NE) and ENSCO (ESV) isn't necessarily good for consumers. Even a major oil discovery off the co

South Africa’s electricity provider, Eskom, was given permission to raise prices another 13.3 percent (starting in July) after already being given permission to raise prices 14.2 percent, for a

Social networking is moving from infancy to adolescence, as the market landscape evolves and competing business models vie for superiority.Venture capitalists are betting LinkedIn can thrive in an inc

Hello from New York where, whatever "life-related" challenges I might be presented with today, at least I'm not FedEx (FDX). In addition to FDX's much publicized earnings warning this mornin

Citrix Systems (CTXS): Just yesterday this stock was downgraded. In the interview with Reuters the CFO is calling for a strong second half, though he cited continued sluggish results in the U.S. Virtu