Business news for Mon, 31 Dec 2007 & with word bad. 4 news.

The year just past was not a good one for the stocks of Long Island's publicly-traded companies, which fell 11.5 percent overall, pulled down mostly by two companies involved in the mortgage industry crisis.

Is the desktop metaphor dead? Or is Vista just really bad?

Merrill Lynch is in more trouble than it cares to admit and the recent investment by Singapore's Temasek does not appear to be enought to stave off questions about the extent of the banks exposure to bad loans in the mortgage market.

My last article of every year looks back on the predictions I made in early January to shed some light on the economic and financial events of the previous 12 months. This tends to be a humbling experience, and this year it is even more so than usual.