After a robust rally the week before Labor Day, stocks slid Tuesday amid renewed worries about European sovereign debt.
Yield spreads on the 10-year debt of Ireland and Portugal reached record high levels vs. comparable German bonds while Greek yield s
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Posted on September 8th, 2010 by
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China’s emergence as the world’s second-largest economy has brought into focus something economist Pat Choate declared in his 2009 book Saving Capitalism: “While the great economic conflict of the 20th century was Capitalism versus Marxism, the battl
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China’s state-owned chemicals group Sinochem has approached Singapore state investor Temasek to join a consortium that may bid for Potash, sources said. It was unclear if this potential consortium will bid to buy a blocking stake or make a full counter offer. *View article
Air Products raised its bid for Airgas to $5.5 billion, the latest […]
Posted on September 7th, 2010 by
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With the economy flagging and polls showing his party is likely to suffer a big setback in the midterm elections, President Obama is trying to stimulate the economy…again.Over the Labor Day weekend, President Obama announced plans for a $50 billion inf
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Oracle CEO Larry Ellison has hired his tennis-buddy Mark Hurd as Oracle “co-president” a few weeks after blasting HP’s board for for firing him after a sexual harassment lawsuit. Ellison deemed this move (ousting Hurd) the stupidest corporate de
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The economy and jobs are the top issues on voters’ minds for the fast-approaching mid-term election. Nearly 15 million people are out of work in this country and they are looking for leadership in Washington to help revitalize America.
This week Presid
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Are Dell’s shareholders on Xanax? The company has finally bowed out of its mad bidding war for 3PAR. Yet its investors displayed neither much concern about overpayment nor relief about the deal being dropped. After a decade of scandals, missed opportunities and dismal performance, they may have stopped caring.
They had reason to worry. Dell appeared […]
Posted on September 3rd, 2010 by
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Chinese and other investors have approached at least one big Canadian pension manager about a bid for Canada’s Potash Corp to rival BHP Billiton’s hostile offer. This is one of the first pieces of hard evidence to back up speculation that China is looking for a way to derail a takeover of Potash Corp by […]
Posted on September 3rd, 2010 by
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