Europe Hopes Ease Asia Higher, Europe Markets Open Up
An ongoing believe that the problems with European debt will be addressed soon helped Asia tick higher. The Nikkei 225 moved higher .6% to 8,696. The Hang Seng was up .73% to 19,180. Europe…
All Work
Douglas A. McIntyre
Italian Cabinet Agrees To Austerity Measures
The cabinet of new Italian prime minister Mario Monti has agreed with strict austerity measures to cut the nation’s crippling debt. Italy is still having trouble raising money at viable interest rates. Last week they…
Saab Will Be Partially Own By Chinese Bank
Saab, a company virtually bankrupt and and which has not produced a car in months, will be partially owned by and rescued by a large Chinese bank, according to Reuters. Saab’s Dutch owner and China’s…
SAP (SAP) To Buy SuccessFactors (SFSF) For $3.4 Billion
Software giant SAP (NYSE: SAP) will buy US company SuccessFactor (NASDAQ: SFSF) for $3.4 billion. The price of $40, a 52% premium. The firm creates management and human resources software. SAP will use cash on…
GM Should Discontinue the Volt
GM (NYSE: GM) has had enough problems with its Chevy Volt’s lithium-ion batteries that the National Highway Traffic Safety Administration has opened a formal investigation into fires in several vehicles it has tested. GM…
Detroit to Be Taken Over
Detroit is in a situation like the weakest nations in the eurozone. It does not, however, have access to the kind of capital from the European Central Bank or IMF that Spain, for example,…
India Home Prices Up Over 22% In Third Quarter
Home prices in Dehli rose 22.68% in the third quarter, the greatest advance of any major city in the world. The change is probably just as much due to inflation in India as any other…
Europe Stages Major Rally On Eurozone Debt Hopes
Angela Merkel said the debt solution for the region would be a marathon. French president Sarkozy worried that the eurozone could break apart. The ECB may not be part of a bailout program. But,…
What’s Important in the Financial World (12/2/2011) Chrysler Victory, Google Chrome Surge
The sovereign debt problem in Europe gets more complex by the hour. The European Central Bank said it may intervene to buy paper issued by nations that are economically weak. This should drive down…
Google E-commerce Plan May Further Damage Traditional Retailers
Google (NASDAQ: GOOG) will start an e-commerce business to compete with Amazon.com (NASDAQ: AMZN). Amazon is the devil to struggling bricks-and-mortar companies that want more online sales. But Google eventually may be just as…
Media Digest (12/2/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
Auto sales reach a two-year high. (Reuters) Tom Glocer, the head of Thomson Reuters (NYSE: TRI), resigns and will be replaced by the COO. (Reuters) The intellectual property battle between Apple (NASDAQ: AAPL) and…
Those Who Lost Jobs in the Recession Also Lost Ground
The Heldrich Center at Rutgers has issued a new report that says only 7% of people who lost their jobs after the financial crisis have made it back to their former levels of work and…
Germany’s Merkel Sees EU Marathon
Angela Merkel of Germany does not expect the eurozone crisis to end soon. She calls it a marathon. In an address before her parliament, Merkel said as she refered to the future “But they also…
A New Case to Oust Talbots’ CEO
Trudy F. Sullivan is still the CEO of The Talbots (NYSE: TLB). The retailer continues to be one of the least successful in its sector. Sullivan has overstayed whatever welcome she ever had. It is…
Google (GOOG) May Challenge Amazon (AMZN) In E-Commerce–WSJ
Google (NASDAQ: GOOG) may enter the e-commerce business which would put it into direct competition with Amazon.com (NASDAQ: AMZN), according to The Wall Street Journal, Reuters points out that Google relies heavily on retail…
US Prepares For Jobs Report, Consensus 125,000 Plus
The US will issue November unemployment numbers at 8.30 AM today. Analysts consensus estimates are the nations will add 125,000 jobs.The data will be watched to see if the private sector continues to add jobs…
ECB May Intervene In Debt Crisis
The ECB has taken a new attitude toward the eurozone debt crisis. It has suggested it may support some of the region’s weak economies as they issue debt, perhaps through the purchase of some…
Asia Futures Flat, Europe Rallies Ahead Of Jobs Report
Asia shares were mixed, but Europe rallied on an ongoing hope the debt situation there will be resolves. US unemployment numbers are due today The Nikkei was up .54% to 8,644. The Hang Seng…
Yahoo! Releases Most Searched Terms For 2011
Yahoo! (NASDAQ: YHOO) has released its annual list of most searched terms for 2011. Yahoo has been the target of takeover speculation since the board dismissed CEO Carol Bartz three months ago. Yahoo!’s board…
Chrysler November Sales Surge, Up 45%
Chrysler and Fiat, joined by a recent merger say the combined entity will sell 6 million units worldwide in 2014. The US division of Chrysler helped by making a step in the right direction.…