General Motors (NYSE: GM) will target a 10% profit margin over the next several years. (Reuters) Glencore offers an 8% deal to close a buyout of Xstrata. (Reuters) HTC has trouble demonstrating that its stock…
The EBA is about to make some of the EU’s largest banks uncomfortable, as the struggle to met capital requirements. Some of these banks may not have there wherewithal to raise the money to meet…
It is no secret that as China’s middle class–created by its huge manufacturing machine–has agitated for higher wages. And, in may cases, this agitation has worked. This has had the effect of raising its overall export…
Facebook joins the largest websites both inside and outside the US with the one hurdle none has been able to entirely overcome–mobile revenue. Only Google appears to have crack the code of online ad…
The National Automobile Dealers Association reports that its economists expect new car sales in the US to reach 13.9 million this year. Its forecasts may be better than those of the car companies. The…
Five banks–Ally, Citigroup (NYSE: C), JPMorgan (NYSE: JPM), Wells Fargo (NYSE: WFC), and Bank of America (NYSE: BAC) are close to a $25 billion settlement with a number of state attorney’s general and federal officials.…
The financial minister of Greece, Evangelos Venizelos, said his nation is one the “razor’s edge” of a default. He is not exaggerating. Members of political parties other than his own have rejected some of the…
The IMF mission to China reported that the growth rate of the nation could be halved, by 4% from its current 8.2%. The IMF took the figure down to 8.2% only two months ago.…
GM told the WSJ that its expects to make a $10 billion profit for the next several years. That will not hold if Toyota, VW, and Ford have any say in the matter. For…
The head of AMR, the parent of American Air, said he expected for his company to come out of Chapter 11 without being bought. The press has speculated that Delta Air, US Air, or…
The majority of Germans want Greece out of the eurzone According to news organization Bild (translated by Google) About the future of Greece will continue wrestling: The Greek Finance Minister Evangelos Venizelos negotiated yesterday…
Greece is within a day of a catastrophic default the ripple effects of which could put immense pressure on other troubled eurozone nations, particularly Portugal. The government has been told by its eurozone neighbors that if…
Dell’s (NASDAQ: DELL) best days are behind it. The same is true for Lenovo, Acer, and the PC division of HP (NYSE: HPQ). Research firm Canalys reports that smartphone sales passed PC sales in 2011, for…
Iran’s oil minister said his nation would stop oil exports to EU nations. This would be in retaliation for sanctions against the exporter brought on by its nuclear development program. But Rostam Ghasemi will not…
Perhaps it is the fact that all of its plants are back online after the March Japan earthquake, or that US car sales in general are so robust. Toyota (NYSE: TM) forecast the its…
Greece is either closer to deal with its possible saviors–EU and IMF lenders private bondholders–or further apart. It depend on which account one reads. The southern European nation is still engaged, in a panic,…
Jobs, and the chance of economic prosperity. Perhaps a settlement of the credit crisis in Europe. A rebound in China’s GDP? A belief that most of the financial world is headed in the right…
S&P, like most economic forecast firms, like to hedge its bets. The credit rating agency believe that the eurozone will have a mild recession at the start of this year, and begin to emerge…
Greece could be just weeks away from defaulting on its debt and sending the eurozone in to an unpredented period of financial uncertainty and unrest. The Greek government has promised to implement strict austerity…
The nation’s largest banks have faced several charges over their foreclosure actions. The process took at turn for the worse for the financial firms as New York State filed a major legal action against…