It seems impossible to believe that the profits of the global airline industry could be robust this year. But the The International Air Transport Association (IATA) revised its “global aviation outlook” higher, which reflects…
nationsonline.orgResearch firm Markit set final numbers for Europe’s PMI. The index for September rose to 46.1, from 45.1 in August, and was revised up from a preliminary estimate of 46.0. But a figure below 50 indicates a contraction. And, in…
Have China’s sluggish trade and PMI been caused by trouble in Europe and the U.S. economies, or did a possible year-long slowdown of China consumer confidence hurt export activity from the developed world to the People’s…
The economy of the People’s Republic has begun to show a collapse which simply could not be contemplated a year ago. Weakness in Europe and a slowdown of GDP in the U.S. have combined with…
Bank of America Corp. (NYSE: BAC) received one more hit in a long line of bad publicity. Its reputation was damaged once again. Again, its image as the worst of America’s large banks was…
Updated throughout the day on the 24/7 Wall St. Wire: Greece will release a budget with deep cuts for 2013, with the assumption that its recession will linger. (Reuters) Oracle Corp. (NASDAQ: ORCL) will…
Paris Auto Show The Paris Auto Show had its usual large number of new model introductions, along with dozens and dozens of displays of cars and light trucks already on sale around the world. Products from…
General Electric Co.’s (NYSE: GE) current management never has liked being reminded of the conglomerate’s share price when superhero CEO Jack Welch left almost 12 years ago. Shares traded at approximately $37 when he departed…
Fitch is the latest of the ratings firms and global research houses to cut growth forecasts of what have been very resilient economies, particularly China. Fitch has marked the major cause to overall malaise…
The future of French President Francois Hollande likely will be determined by the fate of his new austerity budget. (Reuters) EADS says it will stay with a deadline set by regulators for its merger…
The real trouble for U.S. companies that operate abroad is supposedly sales in the European Union. Legions of public corporations with significant portions of their revenue from the region will report that a slow economy has…
Spain Seeks Budget Cuts The search for solutions to Spain’s financial trouble continues and becomes more complicated by the moment. It has not been determined whether Spain can cut its own budget before it…
AppleIn the months leading up to the release of the new Apple Inc. (NASDAQ: AAPL) iPhone 5 and in the days afterward, many media have practically lived on news and opinion about the device.…
People would rather watch Internet-delivered content on their TVs than on their PC screens. That makes sense. With larger screens and new display technology, the HDTV offers a better viewing experience at 50 inches…
The fiscal cliff has been described as a potential disaster for the finances of individuals and corporations alike. If Congress and the White House do not reach an agreement on the budget and tax…
Spain will cut its budget ahead of a possible request for aid. (Reuters) Bank of America Corp. (NYSE: BAC) tests systems that allow people to make payments via smartphone. (Reuters) Procter & Gamble Co.…
Updated throughout the day on the 24/7 Wall St. Wire: Some owners of Russia oil firm TNK-BP may try to buy out BP PLC’s (NYSE: BP) 50% ownership in their joint venture. (Reuters) An employee of…
Strikes in Greece Spain is not the only nation with the problem of citizens who have taken to the streets to attack austerity. In Greece, the protesters numbers as high as hundreds of thousands…
courtesy Barnes & Noble Inc.Barnes & Noble Inc. (NYSE: BKS) believes that a light, high-definition version of its Nook e-reader tablet will do what Samsung and other large electronics firms have not. It will…
Short sellers aimed their guns at the stocks of the financially weakest companies, as data from the period that ended on September 14 shows. The actions hold true for shares that trade on both the…