In an extremely dangerous move, the Chinese central government has put a halt to a great deal of the bank lending in the country. According to The Wall Street Journal ... Read Full Story »
Mubadala Development Co, the investment arm of the Abu Dhabi government, put $622 million into AMD (AMD) last week to buy 8.1% of the company at $12.70 a share. The ... Read Full Story »
The $650 billion Abu Dhabi Investment Authority is planning to move more if its investment capital into emerging markets. Its management believes that countries like India and China have more ... Read Full Story »
The Washington Post Company (WPO) and New York Times (NYT) have been posting very different numbers in their online businesses. While the NYT figures show that its internet operations could ... Read Full Story »
Citigroup (C) may look outside the US for its next CEO. According to The Telegraph, Royal Bank of Scotland CEO, Sir Fred Goodwin, "is understood to have been informally approached ... Read Full Story »
It looked like things were getting better for the US car industry, but then along came higher fuel prices and the housing slump. Those UAW deals don't look like such ... Read Full Story »