Sox First

Things are getting tough in the networking business. Nokia-Siemens has announced that it will lay off 17,000 workers worldwide, or about 23 per cent of tis workforce, in a bid to save more than $1 b…

Greece is a sitting time bomb. George Papandreou is out, Lucas Papademos in as the new prime minister, a new Greek bailout approved, and a realistic bond swap deal is moving forward. So you would th…

With France's credit rating looking dicey, French president Nicolas Sarkozy has come up with a way to solve their problems. He says they should be more like the Germans. "The problem is not…

Microsoft has signed a non-discloure agreement that will give it a chance to look at Yahoo's books, according to the New York Times. If the report is correct, Microsoft is a strong bidder for wh…

American collection agencies are now taking advantage of archaic state laws to have some debtors arrested and sent to jail.
Debtors' prison is fast becoming a reality in the United States. As T…

In the last few weeks I have done blog entries, like this one, on Google's plans to enter the TV market. The basic idea is to snaffle advertising from the rest of the industry as Google is alrea…

Knowing that their necks are on the chopping block, US banks have been spending a fortune lobbying to change the rules. The Charlotte Observer reports that lobbying spending by the five biggest bank…

For years, Facebook has been looking to get into the phone business. Now we learn that,Facebook has tapped Taiwanese cellphone maker HTC to build a smartphone that integrates the social network. It&…

With Europe in melthdown, global investors are heading for the hills. The New York Times reports that investors are increasingly deciding that it's better to be safe than sorry, and they're …

What's wrong with this picture?First we have the report that a woman in Mississippi has been given a three year jail term for lying on her food stamp application. And yet the chief executives of…