Safeway’s Prepaid Card Issuer Files for IPO
ThinkstockThe unit of Safeway Inc. (NYSE: SWY) that issues gift cards and other prepaid and reloadable cards this morning filed a Form S-1 with the U.S. Security and Exchange Commission (SEC) to raise up…
Archive
Year: 2013
All Year: 2013 Articles
Newest first · Page 353Deutsche Bank Says to Buy These Small Cap Stocks (SHFL, WBS, RHI, TBI, MAN, IWM)
We have written a great deal these past few months about the signs that may be emerging to signal a true bull market. The media love to embrace their idea that we have been…
Suntech Defaults on Bond Payment
thinkstockAs expected, Suntech Power Holdings Co. Ltd. (NYSE: STP) failed to make a required $541 million bond repayment scheduled for last Friday. The company claimed last week to have reached forbearance agreements with about…
Verizon Looks to Shake Up TV Business
thinkstockVerizon Communications Inc. (NYSE: VZ) wants to turn the model for payment to creators of premium content on its head. Its proposal is to pay based on the audience that shows and movies produce.…
HSBC Could Lay Off Thousands
ThinkstockThe restructuring of the financial services industry, which has ranged from 30,000 layoffs at Bank of America Corp. (NYSE: BAC) to cuts at Citigroup Inc. (NYSE: C) and Barclays PLC (NYSE: BCS), has reached…
China Seeks to Prevent Housing Bubble
ThinkstockOne of the most substantial concerns about the Chinese economy is that inflation in securities, food prices and real estate could create bubbles. The central government has hoped to keep this under control with…
As China Becomes a Top Weapons Exporter, North Korea Issues Linger
ThinkstockThe Stockholm International Peace Research Institute research on arms imports and exports of weapons remains the gold standard in this sort of measurement. The top line news from its new Trends in International Arms Sales…
Cyprus Tax a Reason for Rich to Flee
ThinkstockHigh tax rates in European Union nations have caused some high profile news, including when French actor Gerard Depardieu decided to become a Russian citizen rather than pay a 75% tax rate on people who earn more…
The Best Recent Car Recall
courtesy Ford Motor Co.Hundreds of thousands of cars made by major manufacturers have been recalled this year. The most outrageous of these is among the smallest. Chrysler recalled 4,459 Dodge Challenger V-6 models because their…
What’s Important in the Financial World (3/18/2013)
ThinkstockHSBC Job Cuts The restructuring of the financial services industry, which has ranged from 30,000 layoffs at Bank of America Corp. (NYSE: BAC) to cuts at Citigroup Inc. (NYSE: C) and Barclays PLC (NYSE:…
Media Digest (3/18/2013) Reuters, WSJ, NYT, FT, Bloomberg
ThinkstockJ.P. Morgan Chase & Co. (NYSE: JPM) and many other banks change risk models to cover Basel III requirements. (Reuters) Boeing Co. (NYSE: BA) will measure its batteries by a high standard that it created…
Cyprus Bank Panic Pushes Down Global Stocks
A panic over plans to levy taxes on deposits in Cyprus banks has pushed all global markets lower. According to MarketWatch: “The introduction of a levy on bank deposits — worth around €5.8 billion —…
St. Patrick’s Day Finances, Facts and Figures … Likely More Than $5 Billion Spent
ThinkstockIf there is an event, there is a cost or an economic impact associated with it. St. Patrick’s Day comes every year on March 17, and 24/7 Wall St. wanted to see what sort…
Companies Paying the Least in Taxes
ThinkstockAs Washington tries to find its way out of increasing debt, the debate continues over whether American companies should pay more or less in taxes. Meanwhile, some of the largest U.S. public corporations paid…
Market Close: Big Winners & Losers for March 15, 2013 (PGNX, HGSH, BRN, AXX, GLUU, SNMX, TISI, SUPN, GLDD, ULTA)
thinkstockHere are today’s five biggest gaining stocks at closing: Progenics Pharmaceuticals Inc. (NASDAQ: PGNX) is up 28.7% at $4.35. China HGS Real Estate Inc. (NASDAQ: HGSH) is up 22.7% at $6.39. Furniture Brands International…