The OECD has today published its Employment Outlook 2012, and the group’s conclusions are not happy ones either for the global economy or for those who are out-of-work. The OECD, a group representing 30…
The now-former CEO of Barclays plc (NYSE: BCS), Robert Diamond, has given up his claim on $31 million in stock bonuses after being forced to resign following the scandal over the bank’s fiddling with…
In a speech today in London, St. Louis Federal Reserve President James Bullard told the audience that “among many factors affecting the U.S. in the medium term, the ongoing European crisis is the most…
Intel Corp. (NASDAQ: INTC) announced after markets closed last night that it would buy a 10% stake in Dutch chip-equipment maker ASML Holding NV (NASDAQ: ASML) for $2.1 billion. Intel will also cough up…
The government of Norway has ended a 16-day strike against offshore oil and gas producers and killed the threat of an industry lockout that was set to begin at midnight last night. The labor…
The three major US stock indexes opened lower this morning following report from China that it has cut inflation to an annualized rate of 2.2% in June (our coverage here). Lower inflation, however, brings…
Rare earth minerals miner Molycorp Inc. (NYSE: MCP) held its IPO just less than two years ago, in late July 2010, at an offering price of $14/share, below the anticipated range of $15-$17. Shares…
An association representing oil companies working on Norway’s continental shelf is preparing for a lockout against striking workers beginning at midnight tonight. If the lockout is enforced, about 6,500 workers will be affected and…
Ashford University, a unit of Bridgepoint Education Inc. (NYSE: BPI), has been denied its initial accreditation by the Western Association of Schools and Colleges (WASC), an action that could force the school to close.…
Shares of Nokia Corp. (NYSE: NOK) hit a new 52-week low of $2.00 last Thursday and have continued to slide since then. Shares are down -8% just before noon this morning, even after the…
The Conference Board this morning released its Employment Trends Index for June. Compared with June 2011, the index is up 5.6%, but compared with a revised May index the reading is down by about…
The OECD has joined the parade of economic think tanks saying that the global economy is slowing down. The agency’s May 2012 composite leading indicators for China and India have declined slightly, as has…
Food products giant Campbell Soup Co. (NYSE: CPB) said this morning that it would acquire fresh food processor Bolthouse Farms from private equity firm Madison Dearborn Partners LLC for $1.55 billion in an all-cash…
In the first new sales order coming from the Farnborough Air Show near London, Boeing Co. (NYSE: BA) announced this morning that Air Lease Corp. (NYSE: AL) will purchase 60 of Boeing’s new 737…
Health insurance provider Wellpoint Inc. (NYSE: WLP) announced this morning that it has reached a definitive agreement to acquire managed care provider Amerigroup Corp. (NYSE: AGP) for a total of $4.9 billion. Amerigroup shareholders…
The three major US stock indexes opened sharply lower this morning following a tepid report on US job growth. The US economy managed to create just 80,000 jobs in June, below the consensus estimate…
Manipulation in setting the London Inter Bank Offered Rate (Libor) has already cost the CEO of Barclays plc (NYSE: BCS) his job and cost the bank about $450 million in fines. Now the German…
Advanced battery maker A123 Systems Inc. (NASDAQ: AONE) said this morning that it will raise about $39 million through a sale of shares and warrants to institutional investors combined with the release of restricted…
Markets widely interpreted Germany’s recent agreement permitting the European Financial Stability Fund (EFSF) and the European Stability Mechanism (ESM) to purchase Eurozone sovereign debt as a major step on the road to Eurozone economic…
When data integration software maker Informatica Inc. (NASDAQ: INFA) warned on second quarter earnings after markets closed last night, the company’s share price fell by more than -25% and now down nearly -29%. The…