High oil prices were supposed to be a thing of the past, driven lower by over-supply in the US and a continuing recession is almost every large economy other than ... Read Full Story »
HSBC (HBC) announced that its earnings fell 57% to $3.35 billion during the first half of the year. The largest bank in Europe was able to temper some of its ... Read Full Story »
New date from S&P LCD presented by the FT, shows that large private equity firms have $400 billion in debt that needs to be paid in the next five years. ... Read Full Story »
Nissan's new Leaf car doesn't use any gas and it does not produce any emissions. It is electric and it will be available in the US, Japan, and Europe next ... Read Full Story »
The inclination of the Administration's "pay czar" will be to pressure Citigroup (C) not to pay $100 million due to the head of its Phibro energy trading unit. The amount is ... Read Full Story »
China’s manufacturing sector expanded again in July, according to the central government. The official Purchasing Managers’ Index rose to a seasonally adjusted 53.3 in July from 53.2 in June, the ... Read Full Story »
Reuters: Video games hope to make a comeback with new titles and price cuts. Reuters: "Cash for clunkers" should help July car figures. Reuters: USB (UBS) shares should do well ... Read Full Story »
Markets in Asia were mixed. The Nikkei fell a fraction of a percent to 10,352. Toyota (TM) rose on Ford's (F) strong July numbers. The Hang Seng rose .2% to ... Read Full Story »