After weeks of back and forth between Greece and private investors represented by the IIF, a deal for the private investors to participate in a restructuring of the nations paper may be near. And, the results for…
The largest holder of Greek bonds is the ECB, so, it has the most to lose if the nation goes into default. Despite the ECB’s position that it can aid the regions banks but…
Troubled Japanese company Olympus may have its financial issues solve by an equity tie up with either Samsung or Panasonic. A deal has been rumored for some time after a financial fraud scandal nearly knocked…
Media reports yesterday, particularly from The Wall Street Journal, said that the $1.2 billion if MF Global customer assets which has been lost will not be found. The New York Times contradicts that, so…
After years of failed product launches, bad management decisions, and billions of dollars in losses which have caused its stock price to plunge, Sir Howard Stinger has finally be replaced as the CEO of…
After several months in which China’s PMI seesawed between modest contraction and modest expansion, the movement was to the upside again in January An official reading of China’s Purchasing Managers Index unexpectedly increased to…
Facebook’s IPO documents will be filed with the SEC according to IFR. The initial plan will be to raise $5 billion. The final offering will not occur for several months. Earlier rumors were that the social…
Amazon.com (NASDAQ: AMZN) shares immediately dropped nearly 10% as it release earnings for its most recent quarter. Margins fell significantly While net sales increased 35% to $17.43 billion in the fourth quarter, compared with…
A very few people have signed on online petition that they hope will pressure Apple to release an “ethical” iPhone 5–which would be the next generation of the smartphone. “Ethical” probably means not made…
Some Wall St. forecasters have predicted oil prices could rise as high as $150 a barrel if Iran closes the Strait of Hormuz in retaliation for sanctions from the US and EU nations. The…
The Alliance for American Manufacturing is an industry group, or perhaps a lobby is a better way to put it. Whatever its role, the group, and some like minded Congressmen believe that China’s ongoing thwarting of…
Car stocks traded mixed the day before the companies release January sales data. The number are expected to be as strong, if not stronger than those at the end of last year. US sales…
In the past 50 years, college graduation rates in developed countries have increased nearly 200%, according to Education at a Glance 2011, a recently published report by the Organisation for Economic Co-operation and Development…
Avon’s (NYSE: AVP) vice chairman, Charles Cramb, was fired as the federal government examines whether the company violated the Foreign Corrupt Practices Act. He may have known about bribes Avon made outside the U.S. The…
Spain’s big bank — Banco Santander (NYSE: STD) — said its fourth-quarter profits fell 98%. It took a $2.4 billion charge because of its wrecked real estate portfolio. It also set aside cash to…
courtesy Facebook Inc.New data from online research firm Comscore shows Facebook had 27.9% of the U.S. display advertising market, up from 21% in 2010. Yahoo!’s (NASDAQ: YHOO) share was 11%. Google (NASDAQ: GOOG) and Microsoft…
EU nations, led by Germany, have approved a permanent bailout fund, the European Stability Mechanism, which has 500 billion euros. But that does not mean a rescue for Greece. On the contrary, if the…
Toshiba cuts its profit forecasts and lowers guidance. (Reuters) Honda (NYSE: HMC) posts a 65% drop in profits and cuts its outlook because of the yen and Thai floods. (Reuters) Twenty-five nations, led by…
Add to the downgrades and potential downgraded of nations and banks throughout Europe a warning from S&P. The rating agency is concerned that runaway healthcare costs, carried by some of the countries, could badly damage…
The global wireless patent war that has engulfed Eastman Kodak, Samsung, HTC, Apple (NASDAQ: AAPL), RIM (NASDAQ: RIMM) Motorola, Microsoft (NASDAQ: MSFT) among others took another turn today as a Germany court upheld a…