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Eurogroup’s Juncker warns of possible Greece default (Reuters)
Reuters – The possibility of a sovereign default by Greece cannot be ruled out, Jean-Claude Juncker, head of the Eurogroup of finance ministers from the single currency zone, said in a German magazine on Saturday. Go here to see the original: Eurogroup’s Juncker warns of possible Greece default (Reuters) Read More →
Factory orders up, business spending rises (Reuters)
Reuters – New orders for U.S. factory-made products posted a second straight monthly rise in December and business capital spending also picked up, a government report on Friday showed. Here is the original post: Factory orders up, business spending rises (Reuters) Read More →
Shell profits held back by weak refining (Reuters)
Reuters – Royal Dutch Shell Plc (RDSa.L) reported a 14 percent rise in fourth quarter profits on Thursday, as high oil prices outweighed dismal industry-wide margins in its refining business. More here: Shell profits held back by weak refining (Reuters) Read More →
Analysis: Talk of Japan Inc’s demise may be premature (Reuters)
Reuters – Japan’s punch-drunk corporate sector looks to be out for the count, having been knocked off its feet by a strong yen just as it was staging a wobbly recovery Originally posted here: Analysis: Talk of Japan Inc’s demise may be premature (Reuters) Read More →
Analysis: Middlemen take toll on China agricultural profits (Reuters)
Reuters – Want a slice of the billions of dollars China spends each year on farm subsidies? Become a middleman and open a toll road. Here is the original post: Analysis: Middlemen take toll on China agricultural profits (Reuters) Read More →
Kodak employee sues company directors over stock (Reuters)
Reuters – An Eastman Kodak employee filed a civil lawsuit against Kodak’s board members and other fiduciaries of the photography companies’ retirement plans, saying they breached their duties as the company was spiraling toward bankruptcy. Original post: Kodak employee sues company directors over stock (Reuters) Read More →
Home prices drop, and consumers turn gloomy (Reuters)
Reuters – Home prices fell more steeply than expected in November, and consumer confidence soured in January, highlighting the hurdles still facing the economic recovery. Read the original here: Home prices drop, and consumers turn gloomy (Reuters) Read More →
Goldman executives get access to restricted stock (Reuters)
Reuters – Top Goldman Sachs Group Inc executives received previously restricted stock awards that are now worth $47.7 million, according to regulatory filings, though the executives are still limited in selling most of their Goldman stock. Read the original: Goldman executives get access to restricted stock (Reuters) Read More →
BP must cover some Transocean oil spill damages (Reuters)
Reuters – A federal judge on Thursday said BP Plc must indemnify Transocean Ltd for some compensatory damage claims over the 2010 Gulf of Mexico oil spill. Go here to read the rest: BP must cover some Transocean oil spill damages (Reuters) Read More →
Bernanke says Fed pondering further stimulus (Reuters)
Reuters – Federal Reserve Chairman Ben Bernanke said on Wednesday the central bank was ready to offer the economy additional stimulus after it announced it would likely keep interest rates near zero until at least late 2014. Read the original here: Bernanke says Fed pondering further stimulus (Reuters) Read More →