The deal between China’s government-owned aluminum company, Chinalco, and Rio Tinto plc (NYSE: RTP), in which Rio gets $19.5 billion and Chinalco gets a larger stake in Rio may be changing. There are several…
The Labor Department has released some mixed data on weekly jobless claims. The figures show a level of 631,000. This sounds better on the surface as Bloomberg had estimates pegged at 645,000, which would…
Suntech Power Holdings Co. Ltd. (NYSE: STP) is seeing shares take a hit this morning after the solar player filed to raise capital afterissuing earnings. The company’s profit slid to $1.8 million, or only…
These are some of the top analyst upgrades and positive research calls which we have seen from Wall Street early this Thursday morning: Canadian Solar (CSIQ) Raised to Outperform at Oppenheimer. Expedia (EXPE) Started…
It has begun to dawn on more and more large companies that high-priced goods are costing them sales during the recession. Maybe the only way for them to hold onto customers is to offer…
The recovery of the Chinese economy always sounded too good to be true. Granted, the central government put $585 billion into helping bolster GDP. But, exports and manufacturing cannot do better without a recovery…
Sony’s (SNE) plan to turn itself around is all about cutting costs and has nothing to do with building new products or restructuring the firm’s content operations. Sony’s management laid out a program to…
Bank of America (BAC) is hinting strongly that it plans to pay back the US government the $45 billion that it owes by the end of this year. Bank stress tests showed that B…
No one in the US worried much when S&P downgraded the sovereign debt of The Ukraine or the Republic of Kazakhstan. Now, the trouble has moved much closer to home as the credit agency lowered…
The FOMC minutes are like most other documents produced inside the government’s bureaucracy. The bulk of the information has been gathered long before the report reaches the public. In the case of the Fed’s…
The federal government will end up owning bits and pieces of businesses including banks, car companies and insurance firms as it puts money into industries weakened by the recession. The Achilles Heel of this…
Reuters: Congress passed a bill to put restrictions on credit card companies. Reuters: The Fed mulled increasing securities during its April meeting. Reuters: Geithner said the US was making progress fighting the credit crisis.…
Markets in Asia were lower. The Nikkei fell .9% to 9,284. The Hang Seng fell 1.3% to 17,248. The Shanghai Composite was down 1.5% to 2,611. At the open in Europe, the FTSE fell…
While the Fed has noted nothing about inflationary pressures, we have started seeing yet another return to the reflation trade as the economy seems to be bottoming out and all the new printed money…
We have just gotten the minutes from the FOMC meeting that ended on April 29. 2009. What we were looking for were comments regarding a potential exit strategy for near-zero rates on Fed Funds…
YRC Worldwide Inc. (NASDAQ: YRCW) has not been without its problems. We recently saw reports about how it was trying to raise funds from the government and we have just seen an SEC filing…
by Olga Pierce, ProPublica The Obama administration has unveiled its plan for measuring how well the stimulus package works, and the bottom line is: Many questions will remain unanswered. While pitching the stimulus package,…
It looks like we are seeing the second week of draws in crude oil and oil products. The Department of Energy is confirming data from the EIA last night showing a second week of…
The most provocative question about huge social networks like MySpace, Facebook, and YouTube is whether they will ever make money despite the tens of millions of users that they have. The money that these…
The $10 billion loan from the China Development Bank to Brazil’s Petroleo Brasiliero SA, known as Petrobras (NYSE: PBR), has been finalized. This deal has been in our pending file since late February. Many…