austerity
MEMC Electronic Materials Inc. (NYSE: WFR) is at a point where a turnaround analysis and a valuation analysis just no longer matter. Having fallen from over $90.00 per share, the stock is now down...
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Moody’s is taking aim at the PIIGS all over again. This time the company is firing off at the Italian banks rather than the Spanish, Portuguese, or the Greek banks. Moody’s noted,...
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German chancellor Angela Merkel has made it abundantly clear that Germany has no interest in renegotiating the austerity plan that the Eurozone agreed to with Greece. And while it may seem that her...
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Some Eurozone officials are reported to be considering delaying tomorrow’s scheduled €5.2 billion payment to Greece that is part of the €130 billion bailout package sealed by the EU, the IMF,...
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Source: Jon OggSo, just two weeks ago it looked as though “Sell in May and go away!” was not going to be as strong of a theme in 2012 compared to 2011 and to 2010. In 2010 the market had...
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The managing director of the International Monetary Fund, Christine Lagarde, in a speech today said that the two prevailing views of how to repair the faltering global economy is neither to adopt a...
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Fears that new leaders in France and Greece will repudiate austerity and urge other nations in Europe to do so as well pushed Asian stocks deeply lower.The Nikkei fell 2.78% to 9,119 as concerns...
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Wal-Mart Stores Inc. (NYSE: WMT) is still deep in the soup. Since the news broke over the weekend over bribes in Mexico involving its current and former top-brass, Wal-Mart shares have slid and...
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Spain’s central bank, Banco de España, has issued its quarterly report on the Spanish economy, indicating that for the first time in eight quarters the country’s economy has contracted. In the...
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US Treasury Secretary Timothy Geithner in a speech today encouraged European governments to support the International Monetary Fund’s (IMF) efforts to double its cash on hand and build an even...
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What happens when you are the de facto king of solar, get an analyst downgrade, have no full-time CEO, announce factory closures, and announce broad layoffs? It might not be a sign of any strength...
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Politicians may not always tell the whole truth, but most of the time they’re in the neighborhood. Spain’s finance minister, Luis de Guindos, said this morning that the country will pick up in...
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Source: Yahoo.comYahoo! Inc. (NASDAQ: YHOO) has confirmed the big secret that most financial and employment readers already knew was coming soon. The layoffs have been confirmed. Yahoo! is...
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When the Spanish government revealed its latest budget last month, the general assumption was that Spain was pointed down the right track to revive the country’s economy. After all, €27.3 billion...
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Virtually as soon as last month’s Greek debt swap deal was done, Fitch Ratings lifted their rating on Greek debt from ‘Restricted Default’ to ‘B-/Stable’. That’s still junk, but a higher...
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