Twenty-three of the twenty-seven members of the euro area approve a new treaty to set a group policy to address the financial crisis. The UK, Sweden, Czech Republic, and Hungary voted against the provisions.…
Updated throughout the day Japan may spend $13 billion to bail out Tokyo Electric Power (Reuters) Alibaba has sought $4 billion in financing to buy part of Yahoo! (NASDAQ: YHOO) European regulators will seek…
Many American companies have done incredibly well this year. A number posted extraordinary financial results in 2011. Others have launched products that revolutionized markets. Of course, many big public corporations also did very poorly.…
New York governor Mario Cuomo has set a new system to tax high-income earners and give tax relief to middle-class state residents. The program looks quite a bit like a plan set by California governor…
nationsonline.orgSeveral plans to salvage the eurozone have moved in different directions in the past few days. That is not an encouraging sign. It shows that the crisis is hardly over, and the fact there…
Still No Eurozone Rescue. The rescue of the financially weak eurozone nations becomes more confused by the day. U.S. Treasury Secretary Geithner continues to tour the region. He wants to convince area finance ministers they have…
Layoffs were part of the business news yesterday. Enough people lost jobs in a series of three “downsizings” to reminds those who believe unemployment continues to fall that the economy still struggles. Pacific Sunwear of…
S&P may downgrade the EU and the largest eurozone banks. (Reuters) France and Germany continue to press new eurozone treaty measures that would help trigger new financing for the region. (Reuters) Japan says it is…
Macy’s (NYSE: M) believe its has some rights to Martha Stewart products which would be violated by a joint venture deal between Martha Stewart Living Omnimedia (NYSE: MSO) and JC Penney (NYSE: JCP) .…
Exxon Mobil (NYSE: XOM) issued its major energy outlook which take some forecasts to 2040. The oil company said Through 2030, rising demand for transportation fuels is led by trucking, aviation and marine requirements,…
AT&T (NYSE: T) said it would work to close its $39 billion deal to buy T-Mobile despite FCC objections. If the deal does not go through AT&T owes T-Mobile parent Deutsche Telekom a $4…
US regulators issued five new safety violations to BP plc (NYSE: BP) The actions were in reaction to the Deepwater Horizon accident of nearly 20 months ago which sent an oil slick over much of…
Costco (NASDAQ: COST), arguably the most successful of the big box retailers, posted impressive same-store sales for the latest quarter. The company also tood a charge. Net sales for the quarter increased thirteen percent…
Differing reaction about whether the ECB will help loan eurozone banks money that they desperately need drop markets in Asia off and at the open Europe markets higher The Nikkei 225 fell ..59% to…
Eleven American companies have laid off a total of nearly 600,000 people in the past two decades. Each also fired a large number of employees at one time to earn it a place among…
Flickr, Images of MoneyThe housing crisis has been the worse in five states — Nevada, California, Florida, Michigan and Arizona. A recovery has begun in states that have almost nothing in common geographically or…
There has been plenty of evidence in the past month that job creation is the U.S. has restarted for the first time since the 2007 to 2009 recession. Now, it looks as though the…
The board of Olympus may resign by late February. (Reuters) China says its annual rate of growth slowed between October and November. (Reuters) Congress pressures the CFTC for stronger regulation after the MF Global…
Bank of America (NYSE: BAC) CEO Brian Moynihan has no credibility left on Wall St. That makes his comments that the financial firm’s balance sheet has improved hard to believe. Skepticism will continue to show…
A New Bailout Fund. Rumors suggest that leading eurozone nations, particularly France and Germany, may have begun the process to create a large bailout fund for the financially weak nations in the region. It remains…