Exiting Euro Could Spark Greek Revival, Doom Germany: HSBC's King
King concedes that quitting the euro zone and reintroducing its drachma currency would likely lead to financial and economic turmoil, but the move would ultimately benefit the Mediterranean country.
View ArticleEconomic Momentum Regained In Most Major Countries: OECD
The think tank's composite leading indicators for February showed "strong signs of regained momentum" in the U.S. and Japanese economies, while Brazil, India, Russia and China showed "positive signals"...
View ArticleUS Retail Sales Continue To Show Strength
Same-store sales rose 0.5 percent from the previous week and 4.5 percent year on year, the International Council of Shopping Centers and Goldman Sachs reported. Redbook Research said same-store sales...
View ArticleUnions End Historic Pension Battle With Unilever
Two of the biggest unions representing Unilever employees, Unite and Usdaw, have agreed to end their historic strike against the company, reported the Financial Times.
View ArticleAmgen To Buy Kai Pharmaceuticals For $315M
Global biopharmaceutical firm Amgen, Inc. (NASDAQ: AMGN) has agreed to buy KAI Pharmaceuticals, a privately held company based in San Francisco, for $315 million in cash.
View ArticleDon't Blindly Buy Dividend-Paying Stocks In 2012
Equity investors are advised to remember that dividends and capital gains or losses matter; one can't embrace the fact some stocks pay high dividends while ignoring their risk to capital.
View ArticleUS Trade Deficit Narrowed To $46 Billion In February As Imports Fall
U.S. trade deficit narrowed in February as exports rose slightly to a record while imports fell.
View ArticleNY Fed Chief Doubts US Economic Recovery Sustainable
Dudley said strong first-quarter data might have been the result of unseasonably warm weather in much of the United States that "pulled forward some economic activity and hiring."
View ArticleProfessors Allege More Accounting Problems At Demand Media
Villanova's Anthony Catanach and Penn State's Edward Ketz say the operator of eHow.com and other sites is overly aggressive with cost capitalization, a method of recording lower expenses for the period...
View ArticleTurnaround Advisor AlixPartners For Sale At $1B-Plus
Turnaround advisor AlixPartners has been put up for sale in a deal that may value the firm at more than $1 billion.
View ArticleUS Economic Recovery Done, New Bullish Cycle Ahead: Analyst
The U.S. economic recovery is done, and the economy has begun a cycle domestic consumption-led growth that will differ significantly from the prior cycle that ended in 2008, said Michael Shaoul,...
View ArticleUnprofitable Air India Getting $5B From Govt
Struggling, unprofitable state-owned Air India Ltd. is set to receive 300 billion rupees ($5.8 billion) in bailout money from the country's government as it struggles with tough competition and high...
View ArticleKKR To List MMI International On Singapore Exchange
KKR & Co. L.P. (NYSE: KKR), a global private equity company, plans to list precision engineering components manufacturer MMI International on the Singapore Exchange, reported the Dow Jones...
View ArticleExxon, Rosneft To Cement Historic Energy Deal
Exxon Mobil Corporation (NYSE: XOM) and Rosneft (LON: ROSN) are expected to cement a historic deal on Monday that would allow Exxon access to Russia's Arctic reserves and catapult Rosneft on the global...
View ArticleVacation Is Over, Euro Zone Crisis In 2012 Back: Roubini
Vacation is over and the euro zone crisis in 2012 is back as fundamental realities of high debt and low growth set in again, said economist Nouriel Roubini of Roubini Global Economics in a recent...
View ArticleStock Market Forecast 2012 And Beyond: 4 Reasons To Buy
Investment management firm Loomis Sayles' stock market forecast for 2012 and beyond is quite bullish.
View ArticleGerman Investor Confidence Rises, Recession Fears Calmed
German investor confidence unexpectedly rose on in April, calming fears that the euro zone's sovereign debt crisis is weighing down the country's economy, according to a report from Mannheim,...
View ArticleGold Prices Edge Up On Weaker Dollar, Stronger Oil
Gold prices rose slightly Tuesday on higher crude oil prices and a declining dollar.
View ArticleWarren Buffett Diagnosed With Prostate Cancer, Says It’s Not Life-Threatening
Berkshire Hathaway Inc. (NYSE:BRK/A) CEO Warren Buffett has been diagnosed with stage I prostate cancer, according a letter he released to the company's shareholders.
View ArticleUS Economic Outlook 2013 Heading Off 'Fiscal Cliff’
The U.S. economic outlook for next year is being shadowed by what economists are calling the "fiscal cliff" of 2013 -- the expiration of enormous tax cuts and transfer payments.
View ArticleNatural Gas Outlook: It’s Like Buying Gold In 1997
Investment guru Jeffrey Gundlach's natural gas outlook for the long term is extremely bullish despite recent depressed prices, even as futures on the fuel breached a 10-year low on Wednesday.
View ArticleGold Prices Set To Rise: World Gold Council
While chances of a third round of U.S. money-printing quantitative easing measures, or QE3, have dimmed, the World Gold Council, or WGC, remains positive on the yellow metal's outlook due to its...
View ArticleCameron To Acquire TTS’ Drilling Equipment Biz For $270M
Cameron International Corp. (NYSE: CAM), a provider of flow equipment products, systems and services to the energy industry, has reached a deal to acquire Bergen, Norway-based TTS Group ASA's (OSE:TTS)...
View ArticleFreeport-McMoRan, Hit By Labor Disputes, Reports Lower Earnings
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), the world's largest publicly-traded copper producer, reported lower first-quarter profits as production and sales fell at its giant Indonesian mine...
View ArticleBank of America Profit Falls On Charge
Bank of America Corp. (NYSE: BAC), the second largest U.S. bank by assets, said its first-quarter earnings fell 68 percent due to a $4.8 billion accounting charge related to debt valuation.
View ArticleSpanish Stock Market Plunges Near '09 Low, Fears Reignited
The Spanish stock market plunged on Thursday, closing just 1.3 percent above its March 2009 low and reigniting fears about the euro zone sovereign debt crisis and the weak U.S. labor market.
View ArticleEuropean Economic Data Tops Expectations, Boosts Markets
European economic data released on Friday topped analyst expectations, giving a boost to the region's stock markets.
View ArticleIMF Eyes BRICS To Meet $400B Fundraising Goal
The International Monetary Fund is eyeing Brazil, Russia, India, China and South Africa, a bloc of countries commonly known as BRICS, to meet its goal, set by the institution's managing director...
View ArticleGovernment Bailout Hopes Revive Global Markets Again
Hopes of government-sponsored bailouts rescued global markets once again this week, sending equities higher worldwide on Friday.
View ArticleU.S. Stock Market Valuation Already Too Rich: Experts
Just three years into the bull market and in an environment of low interest rates and subdued sentiment, the U.S. stock market's valuation is already too rich, say asset management firm GMO LLC's Ben...
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