Strikes by union members across Spain represent another major obstacle to the future of austerity in the most financially troubled EU countries. The strikes can be added to the threat that the coalition government in…
Europe moved closer to raising the value of all of its bailout funds to a total of $1.3 trillion. Many economists believe that sum will calm the global capital markets. Worry remains that the amounts…
The heads of the BRIC nations say the pace of IMF-led reforms concerns them. (Reuters) Facebook cuts trading of its stock in the secondary markets. (Reuters) The board of Goldman Sachs (NYSE: GS) continues to…
GS.COMAs it meets in India, the board of Goldman Sachs (NYSE: GS) is apparently still considering whether the roles of chairman and CEO at the investment bank should be split. If they are, embattled…
Germany continues to strengthen as the most powerful economy in Europe as it avoids a region-wide recession. Its Labor Office reports that the jobless rate fell to 6.7% in Mach. Reuters writes that this…
Exxon Mobil (NYSE: XOM) is no longer the world’s largest corporate producer of oil. That distinction has gone to PetroChina (NYSE: PTR). Reuters reports that “PetroChina announced Thursday that it pumped 2.4 million barrels…
nationsonline.orgEurope pressed closer to raising the value of all of its bailout funds to a total of $1.3 trillion. Many economists believe that this sum will calm the global capital markets. There is still…
Shares across Asia fell on worry that commodities prices, particularly metals, will continue to fall. Many miner and refinery stocks dropped. The Hang Seng was off by 1.6% to 20,543. The Shanghai Composite was…
Updated throughout the day on the 24/7 Wall St. Wire Goldman Sachs may split the roles of chairman and CEO (Reuters) The board of Opel may decide to close plants in the UK or…
With national elections in Greece only a few weeks away, the coalition that rules the nation finds itself in trouble. Politicians who supported austerity measures as a means to get a bailout of the country’s…
French paper Le Monde reports that the heads of France, the United Kingdom and United States have begun discussions about a release of some of the crude in their strategic oil reserves. Media coverage…
Oil prices are more than $100 a barrel for West Texas Intermediate. Gasoline is approaching $4 a gallon. But Americans worry more about the economy than they do the price of energy, though it…
Concerns about a slowdown in China’s economy and the effect it will have on the earnings of big companies based there have begun to hammer the stock market. The Shanghai Composite suddenly fell 2.7% overnight. That…
Energy prices have begun to smother President Obama’s popularity. A new Reuters/Ipsos shows that 68% of Americans do not approve of how Obama has handled the gas price crisis. Reuters reports that: The disapproval…
Britain’s gross domestic product dropped more than previously forecast in the final quarter of last year. The Office of National Statistics reported the contraction was 0.3% in the fourth quarter of 2011 and not the 0.2%…
Pressure from the American Federation of State, County and Municipal Employees, a Goldman Sachs (NYSE: GS) shareholder, to change the investment bank’s board composition has dropped. That has not stopped senior management and the…
Worries about a slowing in China’s GDP and the impact it will have on the earnings of big companies based there have begun to hammer the stock market. The Shanghai Composite suddenly fell 2.7% overnight. That is…
A Reuters/Ipsos poll shows that two-thirds of Americans disapprove of the way President Obama has handled the gasoline crisis. (Reuters) Apple (NASDAQ: AAPL) will offer refunds for iPads sold in Australia as local government…
The Shanghai Composite fell 2.7% on fears that the China economy has slowed and that this will hurt the earnings of countries in the People’s Republic. Metals companies in particular are likely to be…
Facebook filed a new document in its move toward its IPO. In that document, it admitted that Yahoo!’s (NASDAQ: YHOO) patent claims are a risk to its business. That means that Facebook’s $100 billion may…