The IMF is poised to offer Belarus a $8 billion bailout as the former Soviet Republic teeters on the brink of insolvency. While it’s chicken feed compared with the aid being offered to Greece…
CEOs think the economy is much better than it was two quarters. That is, at least, based on how the prospects of their own companies tell. “Fully 87% of our CEOs anticipate higher…
Hewlett-Packard’s (NYSE: HPQ) new CEO Leo Apotheker can rearrange his management team as much as he likes. He can also push out his most talented executive, Ann Livermore, who has been at HP for over…
Gas prices, home prices, clothing prices, and unemployment have finally reached the point at which they have destroyed consumer confidence. Some economists…
The global growth rate may have slowed recently compared to OECD expectations. The US is the surprising exception, which is hard to fathom. US unemployment is still stubbornly high. Composite leading indicators (CLIs) designed…
Updated throughout the day Google (NASDAQ: GOOG) applied for a Google Maps license in China (Reuters) Glencore continues to look for companies it can buy (WSJ) Douglas A. McIntyre
The IMF board decided that Israel’s central banker, Stanley Fischer, cannot be a candidate to become its new chief. He is 67 and the age limit for the job is 65. Dominique Gaston André Strauss-Kahn…
Any CEO can change his management team. But, chess is not won by the use of new pieces. It is won by a strategy of attack and defense. Hewlett-Packard’s hapless new CEO, Leo Apotheker,…
CIA World FactbookInflation in India in May was 9.06%. The figure for China in the same month was 5.5%. The two nations have roughly 2.5 billion people between them compared to a global population…
Hackers broke into Senate computers. (Reuters) Chinese inflation hit a 34-month high last month. (Reuters) A slow economy could affect debt talks between the Republicans and Democrats. (Reuters) Oil moved higher on strong China…
One school of thought about negative publicity is that its impact dissipates over time. It is hard to disprove that theory, especially in the case of large companies. And sometimes it takes longer than…
Greece says it will not, under any circumstances, default. S&P believe otherwise. It dropped its sovereign debt rating on the southern European nation by three notches. In the announcement the agency said: Standard &…
> LinkedIn’s Peak Valuation: $8.9 billion > LinkedIn’s Current Valuation: $7.1 billion > Amount Lost: $1.8 billion Social networking site LinkedIn recently enjoyed an enormous single day jump following its IPO. Shares were originally…
News that a drought in west Texas could undermine oil and gas production hit Halliburton, Anadarko, and KBR. Bank of New York Mellon was hit by negative coverage of a problem of how it…
Greek Prime Minister George Papandreou is mad as hell and can’t take it anymore. Though there is no sign that Papandreou is about to lose his mind like the character Howard Beale did in…
Active traders and day traders have many stocks to choose from this Monday morning. We are tracking news and moves in shares of Ness Technologies, Inc. (NASDAQ: NSTC), Silgan Holdings Inc. (NASDAQ: SLGN), and Vodafone Group Plc…
Twitter has, by most estimates, 225 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
Updated throughout the day. IBM (NYSE: IBM) has started the process to choose a new CEO (WSJ) Eurasian Natural Resources Corp. PLC rose on rumors it would be bought by Glencore (WSJ) Spotify will…
NokiaAll Nokia (NYSE: NOK) has to do is hang on for a few years and it will have a huge share of the smartphone market due to its partnership with Microsoft (NASDAQ: MSFT). IDC…
It is likely a safe assumption that the support of government spending in nations with high tax rates is lower than support in countries where tax rates are low. A new study from UHYand…