If China is not going to be named a “currency manipulator” perhaps some other form of designation with a similar effect will do. The U.S. Commerce Department may soon begin an investigation into whether the People’s…
The Special Inspector General for the Troubled Asset Relief Program thinks that the Administration made a wrong turn on its path to help struggling American homeowners. Neil Barofsky said of the Home Affordable Modification Program…
Goldman Sachs Group (NYSE: GS) may have done several terrible things including an alleged sale of mortgage-backed securities to financial firm ACA. Goldman may have allowed Paulson & Co. to determine the mix of the underlying…
Reuters: Google Inc.’s (NASDAQ: GOOG) password operation was hit by cyberattacks. Reuters: A leading political party in Germany is urging that the nation not deal with Goldman Sachs Group (NYSE: GS). Reuters: The fortunes…
The top five officers at Wal-Mart Stores, Inc (NYSE: WMT) made $65 million in aggregate in the company’s fiscal year ending January 31. Shareholders did not do quite as well. Wal-Mart shares rose only 10% over…
There have been recent reports that demand for Iranian crude oil is faltering and that the country has begun filling VLCC tankers and having them sail around in circles on the Persian Gulf. Estimates of…
A look at important issues that have come before the Securities Exchange Commission in the last year indicate that the agency is heavily politicized. Republican Commissioners Kathleen Casey and Troy Paredes voted against making the charges…
In terms of financial performance of their respective firms, Vikram Pandit the CEO of Citigoup Inc (NYSE: C) has been a goat for the last two years and Lloyd Blankfein has been a hero. Today, the tables turned.…
Bank closings hit eight last week bringing the total to 48 for the year. The rate of the failures is greater than in the previous two years. FDIC chief Sheila C. Bair recently said…
Ecuador is a relatively unknown member of OPEC, due mostly to its up and down relationship with the cartel. Ecuador first joined OPEC in 1973, then in 1992 suspended its membership for 15 years…
Lloyd Blankfein, the CEO of Goldman Sachs Group (NYSE: GS) is not going anywhere. The 56-year-old banker has run the firm since May 31, 2006. During that time, the bank’s stock has done no better…
Updated throughout the day. Goldman Sachs Group, Inc. (NYSE:GS) will pay its London bankers a total 3.5 billion pounds. (Times of London) French firm L’Occitane Groupe plans a China based IPO to raise $700 million.…
Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
By John Tamny, Forbes The story about the alleged Goldman Sachs scandal is that there’s no story. With no client base ever monolithic, it’s apparent that Goldman served clients with bullish and bearish views…
According to many media sources, Toyota Motor Corporation (NYSE: TM) will pay the $16.4 million penalty levied on it for not disclosing sticking pedal information which eventually caused the company to recall millions of…
Germany’s Chancellor Angela Merkel cannot make up here mind about the bailout of Greece. That is probably for a reason that his been well-articulated. The German people do not want to help weak economies by…
The IMF said that the growth of the global economy is heating up and that worldwide GDP will be 4% this year. Last October the estimate was as low as 3.1%. China, of course,…
According to United States Geological Survey, there is a 50% chance or better of an earthquake measuring 7 or greater on the Richter scale hitting San Francisco in the next 75 years. Based on 24/7…
Reuters: Goldmand Sachs Group, Inc (NYSE: GS) are standing behind the company. Reuters: Chinas said the chances of the yuan rising are more likely. Reuters: Toyota Motor (NYSE: TM) is expect to pay it…
Robert Herbst, airline analyst and founder of AirlineFinancials.com, estimates the five US passenger airlines with European operations are collectively losing $35.8 million in revenue per day since Friday, April 16 (losses for Thursday, April…