Evangelos Venizelos, the rotund finance minister of Greece, has gone to Brussels to parlay with eurozone officials about how his country can break the deadlock that threatens to cause a default next month. Any arrangement must…
As one set of government suits against America’s largest banks is settled, another is about to begin. Media reports say that federal regulators and state attorneys general have set a $25 billion deal with…
Greek ministers will go to Brussels to meet with EU officials about restructuring of debt, but several details have not been resolved. (Reuters) Groupon (NASDAQ: GRPN) posts earnings that trouble Wall St. and its shares…
Brent crude prices passed back above the $117 a barrel level. Traders, at least most of them for now, think that the trouble with Iran is not over. Sanctions against the nation could interrupt the…
China car sales fell 24% in January, the China Association of Automobile Manufacturers reported. The size of the fall off was blamed on the time as which China’s new year falls. But, the question…
The cloud, a way for people and businesses to store information on remote servers instead of locally on PCs and other devices, has become a part of the product offerings of every major tech…
Congress moved closer to legislation that would prevent federal officials, particularly members of Congress, from trading on insider information. A bill has passed the House and will go to the Senate. The Senate may…
One of the longest running issues about the future of Yahoo!, the troubled internet portal, is what it would do with its 39% stake in China e-commerce giant Alibaba, and its shares in Yahoo!…
It has been a long time coming. The sale and mis-pricing of mortgage backed securities, tied to American housing prices, are considered the prime contributor which almost brought down the US financial system at the end…
According to The Wall Street Journal, one of the longest running disputes between the government and financial industry connected to the housing boom collapse may be settled. The scandal of botched foreclosures has plagued…
Following media reports in The New York Times and other outlets about the treatment of Apple (NASDAQ: AAPL) supplier workers at China manufacturer Foxconn, nearly 200,000 people have signed an online petition to get Apple to…
S&P gave the US fair warning when it took away the country’s AAA rating. And, the credit rating agency said that America could not sustain massive budgets and continue to borrow capital at the…
John C. Williams the President and CEO of the Federal Reserve Bank of San Francisco gave a presentation in which he enumerated the reasons for the economic collapse, and why the recovery will be a very…
Small business is often described as the engine of the US economy. It has been stalled as access to capital and bank loans has been strong for large companies with excellent balance sheets but none-existent…
The biggest producers of wind power are racing to add capacity to meet growing energy demands. Last year alone, the world’s wind energy capacity increased by 17.3%. But the growth is largely the result…
There has been some hope as unemployment improves nationally that the weakest job markets would outpace the stronger ones. Theses markets would be “catching up” as the tide lifts the entire market for new jobs.…
It turns out that the global manufacturing export slowdown is not restricted to China. The German Federal Statistical Office (Destatis) reports that the country’s exporters had a difficult December: Domestic turnover decreased by 2.1%,…
Nissan and Toyota (NYSE: TM), two of Japan’s largest car companies, reported better than expected quarterly earnings and posted solid forecasts. Europe-based Opel, part of General Motors (NYSE: GM), continues to struggle with huge…
The restructuring of the world’s troubled multinationals continues. The trend has been particularly evident in industries like big pharma, where sales have fallen too fast to maintain expense levels. The most recent victim of poor sales, Nokia (NYSE:…
The Greeks try to get a financial aid package while some regional leaders say the eurozone does not need the southern European nation. (Reuters) A House committee pushes through plans for a reconsideration of…