McDonald’s Brings Rice Recipes to China
courtesy of McDonald'sA menu of Big Macs and Quarter Pounders must not be enough to drive the growth that McDonald’s Corp. (NYSE: MCD) hoped for, or planned for, in the People’s Republic. The huge…
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Newest first · Page 51Financial New Digest: Reuters, WSJ, NYT, FT, Bloomberg
courtesy of AOL, IncMicrosoft Corp. (NASDAQ: MSFT) and the FBI investigate a cyber crime group. (Reuters) PepsiCo Inc. (NYSE: PEP) will buy SodaStream International Ltd. (NASDAQ: SODA) for $2.2 billion. (Reuters) Edmunds.com begins a…
Closing Bell for Wednesday on Wall Street: Markets Open Lower, Slide Further on Data
U.S. equity markets opened lower this morning following smaller-than-expected gain in ADP’s employment report. Other data out before the opening bell also weighed on stocks, including a drop new mortgage applications and weak productivity data.…
More Caution in Mortgage REITS, High Dividends at Risk
There remains some concern in the high dividend mortgage REIT sector. A fear of higher interest rates, compression of mortgage-backed securities valuations, and a lack of new mortgage-backed securities supply are all working against…
Credit Suisse Raises Stock Market Expectations for 2013, Sets Upside for 2014
Credit Suisse is raising its expectations for the performance of the stock market. After a strong start to 2013, the firm also is calling for solid gains in 2014 as well. The firm’s Global…
U.S. Treasury to Sell More GM Stock
Wikimedia CommonsThe U.S. Treasury said this morning that it will sell another 30 million shares of stock in General Motors Co. (NYSE: GM) in conjunction with GM’s addition to the S&P 500 Index. The…
European PMI in May Sees Small Improvement
ThinkstockEurope got another piece of “less bad” news. The area’s Purchasing Manager’s Index decline was a little better than in previous months, but only a little. However, Spain’s level was the best in 23…
European GDP Declines Slow in First Quarter
ThinkstockThe recession in Europe got “less bad” in the first quarter of this year, if that is any comfort to the millions of people who are out of work and tens of thousands of…
As Jefferson County Exits Chapter 9, Detroit Prepares for Bankruptcy
ThinkstockJefferson County, Ala., which entered Chapter 9 over a year ago, may have set a deal to exit via an agreement with J.P. Morgan Chase & Co. (NYSE: JPM) and other lenders. The settlement…
Financial News Digest: Reuters, WSJ, NYT, FT, Bloomberg
ThinkstockThe HSBC/Markit Purchasing Managers’ Index for China comes in at 52.1 last month, another sign of economic trouble. (Reuters) Toyota Motor Corp. (NYSE: TM) recalls 242,000 hybrids because of brake problems. (Reuters) Samsung Electronics…
24/7 Business Journal: Solar Energy Battle, Europe Recession Data
ThinkstockLess Bad European GDP The recession in Europe got “less bad” in the first quarter of this year, if that is any comfort to the millions of people who are out of work and…
Can Defense Contractors Retaliate Against China for Patent and IP Theft?
News is out almost daily of China and other nations stealing sensitive data in hack attacks and via corporate espionage efforts. Most of the time it is over bank security, utility and industrial information,…
Closing Bell for Tuesday on Wall Street: Markets Open Higher, Sink Later
U.S. equity markets opened slightly higher this morning but lost steam in the afternoon to finish with a loss for the first Tuesday in a record streak of Tuesdays. In Europe, Spain reported unemployment…
IBM Buyout of SoftLayer Stirs Up Cloud Fight Against Amazon and Microsoft
ThinkstockAmazon.com Inc. (NASDAQ: AMZN) has become one of the greatest cloud providers for businesses out there, and now Microsoft Corp (NASDAQ: MSFT) is trying ever harder to catch up. This space is very crowded,…
Cray Stock Upside for the Supercomputer of the Future
ThinkstockSterne Agee has been touting Cray Inc. (NASDAQ: CRAY) lately with big potential upside for investors. The analyst team includes Alex Kurtz and Amelia Harris, who are talking up the opportunity ahead after meeting…