What’s Important in the Financial World (3/12/2013)
ThinkstockThe U.K. Probes HP The never-ending battle over the Hewlett-Packard Co. (NYSE: HPQ) buyout of Autonomy continues. HP took a $5 billion write-off less than a year after the deal. It seems…
ThinkstockThe U.K. Probes HP The never-ending battle over the Hewlett-Packard Co. (NYSE: HPQ) buyout of Autonomy continues. HP took a $5 billion write-off less than a year after the deal. It seems…
courtesy of AOL, IncYahoo! Inc. (NASDAQ: YHOO) workers worry that overly high standards for job candidates set by CEO Marissa Mayer have hurt rebuilding the workforce. (Reuters) The MGM board may set…
ThinkstockTime Warner Inc. (NYSE: TWX) will spin off its Time Inc. publishing unit. (Reuters) The National Transportation Safety Board will release a report on Boeing Co. (NYSE: BA) 787 Dreamliner battery problems.…
courtesy of Kia MediaMarket penetration and bad PR have taken down Hyundai and stablemate Kia, which until recently were the hottest brands in the U.S. market. As sales of competitors rise, the…
ThinkstockGasoline and diesel fuel consumption in the United States has fallen in the past few years for a variety of reasons. High prices, improved fuel economy in new cars, fewer miles driven…
ThinkstockChina will lean on consumer spending to expand its economy. (Reuters) Facebook Inc. (NASDAQ: FB) faces more lawsuits over its initial public offering. (Reuters) The White House says it believes people should…
courtesy of General MotorsThere will be resistance from city officials, but the governor of Michigan, Rick Snyder, will appoint an emergency financial manager to run the virtually bankrupt city. He commented to…
courtesy of General MotorsFollowing the path set out earlier by Ford Motor Co. (NYSE: F) and Chrysler Group LLC, General Motors Co. (NYSE: GM) and Toyota Motor Corp. (NYSE: TM) posted U.S.…
courtesy Ford Motor Co.February U.S. sales numbers are due out from most U.S. and foreign automakers today, and it looks like February was another good month for car sales. Chrysler Group, which…
ThinkstockThe public remains awed every time a U.S. car company adds even a few employees. Perhaps that is because so many tens of thousands lost jobs during the recession and bankruptcies of…
ThinkstockEuropean Unemployment Rises Euro area unemployment rose again, a sign that austerity has not helped alleviate economic markets and likely has caused an erosion of jobs. According to Eurostat figures: The euro area (EA17) seasonally-adjusted unemployment…
courtesy of General MotorsIn December 2012, new car and light truck sales in the U.S. came in at a seasonally adjusted annual rate of about 15.4 million units sold. According to TrueCar.com,…
ThinkstockApple Inc. (NASDAQ: AAPL) aggressively moves into India, with discounts on the iPhone, to get a part of the huge market. (Reuters) Japan will spend $100 billion on infrastructure to boost its economy. (Reuters)…
courtesy of AOL, IncGermany’s low exports cause its gross domestic product to drop in the fourth quarter. (Reuters) United Continental Holdings Inc. (NYSE: UAL) will not fly the Boeing Co. (NYSE: BA)…
ThinkstockCanada — long considered a better nation than they United States because of its low violence rates, tolerance, spirit of equality and free health care — is home to just as many…