China’s PMI declined as the nation’s factory economy contracted for the first time in almost three years. The state-sponsored China Federation of Logistics & Planning reported its manufacturing Purchasing Managers’ Index fell to 49.0…
lEurostat announced the October unemployment level for what is calls the euro area, or the 17 nations at the heart of the eurozone. The number was 10.3%, up from 10.1% a year ago. The most…
Time Warner’s (NYSE: TWX) publishing arm, Time Inc., has hired a senior digital media executive to run the largest magazine publisher in the U.S. Laura Lang, who headed digital ad agency giant Digitas, must reinvent…
Blackstone (NYSE: BX) and Bain may bid for Yahoo! (NASDAQ: YHOO) along with Asian partners Alibaba and Yahoo! Japan. (Reuters) China’s PMI contracts for the first time in three years. (Reuters) The former CEO…
France raised capital and paid 3.18% on 10-year notes. The news may help the nation make a case for its AAA rating. Unlike other nations in the region, its cost to raise money has…
Spain’s treasury sold 3.75 billion euros of three tranches of paper, at the high end of the targeted 2.75-3.75 billion euro range. However, the average yield on the April 30, 2015 bond was 5.187%, up from…
The nation’s most modest sized businesses many be expanding again The Thomson Reuters/PayNet Small Business Lending Index say small business borrowing rose 20% in October. . The information is encouraging for more than one reason. The…
The Monday following this year’s Thanksgiving, also known as Cyber Monday, was the highest-grossing online shopping day in U.S. history. According to research firm comScore, spending reached $1.25 billion, an increase of 22% from…
Eurostat reports that Euro area unemployment rose to 10.3% in October The agency reported that Among the Member States, the lowest unemployment rates were recorded in Austria (4.1%), Luxembourg (4.7%) and the Netherlands (4.8%),…
The Wall Street Journal reports that insider trading charge will be brought against managers at Neuberger Berman, and hedge funds Diamondback and Level Global. The paper writes that The charges, if they are brought, would…
Meg Whitman, the new CEO of Hewlett-Packard (NYSE: HPQ), wants to rely on new software revenue to reverse the firm’s fortunes, according to Frankfurter Allgemeine Zeitung, The paper reports that Whitman said “I want…
China’s PMI shrank for the first time in nearly three years. According to Reuters, demand for goods in both China and overseas was week. The news service writes that The official PMI released by the…
Reuters has reported that Bain may bid, perhaps with another PE firm, to buy Yahoo! (NASDAQ: YHOO) The offer would be coordinated with two Asia companies in which Yahoo! owns large stakes–Alibaba and Yahoo!…
After a furious rally in Asia, European stocks opened flat. It may be the stock rise that swept the globe due to central bank easing has ended. Poor China PMI may have dampened the…
China’s PMI showed a significant slowing. That did not keep the Hang Seng from 5.3% as news that the Fed and other central banks would coordinate inexpensive dollar access. That news caused rallies of over 3% among…
AT&T (NYSE: T) planned to buy the T-Mobile unit of Deutsche Telekom for $39 billion. The deal for the purchase of the No.4 wireless firm in the US has been effectively blocked by the…
Pending home sales rose a remarkable 10.4% in October with particular strength in the Northeast. The figures come a day after down beat data on home prices from S&P/Case Shiller, which covered the top…
New from ADP that the private sector added 206,000 jobs this month helped push stocks higher. The three major exchanges–DJIA, NASDAQ, and S&P 500 were up nearly 3% Some stock of major companies were…
Updated throughout the day. Alibaba and Yahoo! Japan have offered to buy back the shares held by Yahoo! (NASDAQ: YHOO) in each of their firms (various) Yahoo! has received an offer of $16.60 a…
In news that bodes well for national unemployment, ADP said the private sector added 206,000 jobs. The numebr was expected to be closer to 150,000. National unemployment figures from the government to be released…