On again, off again rumors about a bailout of Greece’s debt crisis dominated global markets on Tuesday.Global stocks rallied overnight and the Dow jumped Tuesday morning on reports European Central Bank President Jean-Claude Trichet had changed his travel
14.8 million Americans are currently out of work and looking for a job, according to a report released today by the Bureaus of Labor Statistics.
Even if you do have a job, wages have not increased substantially over the last ten years, with one exc
Late last year, very few investors other than our guest Gary Shilling of A. Gary Shilling & Co. were predicting big things for the U.S. dollar.
Guess what?
As is often the case when sentiment tilts too far in one direction, the dollar is enjoy
From The Business Insider, Feb. 9, 2010: The market just made a major spike thanks to fresh rumors that the
EU really is ready to help Greece in some official capacity. This is
why the Athens Index spiked today, and it’s obviously having an
excellent e
During the second half of 2009, there was a brief reprieve in the housing market, prompting some market watchers to declare: The worst is over! We’ve bottomed!Ever the bear, our guest Gary Shilling of A. Gary Shilling & Co., has a m
Last summer, our guest Gary Shilling of A. Gary Shilling & Co. predicted that stocks would fall 30%. That hasn’t happened yet, but the extraordinary bull run that made idiots out of many of Wall Street’s greatest gurus last year has now finally
Japan Airlines will keep its partnership with American Airlines, due to concerns that forging ties with rival suitor Delta Air Lines would make it difficult to achieve a quick turnaround, a source tells Reuters. Delta and American have been courting JAL, now bankrupt, for months, looking to gain access to its vast network in Asia.
British pay-TV group BSkyB sold a 10.4 percent stake in commercial broadcaster ITV, finally bringing an end to a long-running legal battle. BskyB had been ordered to cut its stake to below 7.5 percent in 2008. Since then, it has been through a series of appeals, all of which it lost.
For these stories, and all other Reuters news on deals, click here.
And for a selection of news in rival media:
The government of Ghana has blocked the estimated $4 billion sale of a stake in its Jubilee oil field, foiling months of talks between potential buyer Exxon Mobil Corp and the stake’s owner, Kosmos Energy LLC, the Wall Street Journal says.
South Korea’s Lotte Group has agreed to buy GS Retail’s department store and discount store operations in a deal estimated at as much as 1.4 trillion won ($1.20 billion), according to the Maeil Business Newspaper.
U.S. hedge fund D.E. Shaw has set up a team to look at buying distressed-asset portfolios held by rival hedge fund firms, the Financial Times says.
Yahoo! CEO Carol Bartz got a chance to turn the tables Monday, sitting down in Sunnyvale with Kara Swisher, co-executive editor of All Things Digital.Bartz and Swisher aren’t strangers, but the meeting found them playing a little role reversal, with the f
From The Business Insider, Feb. 8, 2010:The market was mixed on light volume until 3:00 PM. Then the Bears came out in full force. The Dow ended up dropping 104 points to 9908, the first close below 10,000 since Nov. 4. The NASDAQ lost 15 and the S&P
If you believe the broad market is expensive and likely to remain range-bound for a long time, as Vitaliy Katsenelson does, the key is finding quality stocks trading at a discount.In addition to stocks trading at attractive valuations, Katsenelson, a fund
With U.S. unemployment hovering around 10% and anxiety growing about Europe’s economy, it’s China that many market watchers are hoping will lead the way out of our global recession. …
After trading below 9900 intraday Friday, an afternoon rally left the index above the key 10,000 mark heading into this week. The Dow’s comeback encouraged the bulls but is Dow 10,000 really something to be excited about? (The index was back below 10,000