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AIG (NYSE:AIG), now ignorantly owned by the U.S. government, may have to wait some time before they close the books on bonuses originally going to be paid out to former employees of $21 million, which are now being withheld by the giant insurer. Supposedly wi...
Insurance (Mar 15th, 10)
Progenics Pharmaceuticals (NASDAQ:PGNX) released its fourth-quarter results today, and the company was able to decrease its losses in the fourth quarter from last year, ending down by $639,000, or 2 cents a share. Revenue for the quarter was over double it wa...
Healthcare (Mar 15th, 10)
Citigroup (NYSE:C) analyst Deborah Weinswig gave Wal-Mart (NYSE:WMT) a boost today as she upgraded the stock based on further grocery discounts and their continual pursuit of wealthier customers with their apparel department and changes in store design. Weins...
Business (Mar 15th, 10)
It's incredible that people with any common sense would pay for the millions in municipal bonds Goldman Sachs (as lead) is partnering with the city of Detroit to pay for its over quarter of a billion in debt. The debt of Detroit at this time is rated below in...
Investment Banking (Mar 14th, 10)
Citigroup (NYSE:C) CEO Vikram Pandit has been all over the media lately touting the future fortune of the company, and seemingly attempting to keep the focus of the media, analysts and investors off of the extraordinary risk the company still faces. The strat...
Banking (Mar 14th, 10)
According to British transportation secretary Andrew Adonis in an interview with the BBC, the proposed strike by workers for British Airways (LSE:BAY) is unjustified and could end up destroying the company in the future. "I believe if they could continue thes...
United Kingdom (Mar 14th, 10)
Telstra Corp. is the largest telecommunications company in Australia, and run by Chief Executive Officer David Thodey. In a recent interview with the Wall Street Journal, Thodey talked about the challenges he faces as the legacy business of the company continu...
Telecommunications (Mar 14th, 10)
As measured by market capitalization, Wal-Mart (NYSE:WMT) was surpassed by Apple (NASDAQ:AAPL) on Friday, as the pre-orders for iPad generated a lot of interest in the stock. In less than an hour, close to 2 million shares of Apple changed hands, as the price...
Technology (Mar 13th, 10)
Charlotte, North Carolina will be the beneficiaries of a new push by Siemens Energy (NYSE:SI) to expand its operations in gas turbines, as they will plow $170 million into the expansion of a gas manufacturing facility, creating 825 new jobs in the area over th...
Canada (Mar 13th, 10)
Apple Inc. (Nasdaq:AAPL) seemingly has another big hit on its hands, as the pre-orders for iPad have been announced as very strong after Friday, which was the first day consumers could pre-order the device. After about the first six hours pre-orders were avai...
Technology (Mar 13th, 10)
It was inevitable that it would come, and it may have arrived already: the fatigue of an endless amount of products and services businesses and consumers can no longer keep up with. To that end, IBM (NYSE:IBM) has been acquiring a series of companies over the ...
Technology (Mar 13th, 10)
There’s an old saying that there’s no news like bad news. If so, then the recession has given the media plenty of fodder to feed the hungry masses. As would-be retirees are forced to scale back their retirement plans, or even delay it, the news is ...
Investing (Mar 13th, 10)
If Royal Dutch Shell (NYSE:RDS-B) or PetroChina want to successfully acquire Arrow Energy of Australia, they will probably have to increase the offer as high as 55 cents a share to land the company. That would bring the overall valuation of the company to $3.4...
Australia (Mar 12th, 10)
Emera (TSE:EMA), the energy and service firm based in Canada, has made an offer to acquire all of Maine & Maritimes (AMEX:MAM) for $45 a share. Maine & Maritimes is an energy company in the United States and the parent company of MAM Utility Services ...
Canada (Mar 12th, 10)
In what was called complex talks and negotiations, the final outcome is GM Motors Europe landed a 270 million pound loan guarantee from the British government to shore up the operations in Britain and the rest of Europe. "We need Vauxhall to thrive as part of...
United Kingdom (Mar 12th, 10)
A report from the U.S. Commerce Department stated business inventories in January remained unchanged, lower than analysts were looking for, as they thought there would be a slight increase of 0.2 percent. Sales increase by what was called a strong performance...
Consumer Staples (Mar 12th, 10)
AstraZeneca (NYSE:AZN) has made a long-term deal with Torrent Pharmaceuticals to provide them with generic drug products. Costs to manufacture generic drugs are about 75 percent less than costs in mature markets, making it a highly desirable place to make the...
Healthcare (Mar 11th, 10)
Booksellers in Canada are almost in hysterics over the plan of Amazon.com (Nasdaq:AMZN) to build a fulfilment center in the country. While basing their argument on the silly idea of the book industry being part of the "cultural industry," no honest person woul...
Canada (Mar 11th, 10)
Who would have thought that little old New Zealand would be such a threat to the U.S., but in the case of dairy products, U.S. dairy farmers are battling to keep products from the country from entering U.S. markets, as fears are they would push prices down and...
Business (Mar 11th, 10)
The U.S. economy will take a lot longer to recover than is trying to be spun by the government and mainstream media, as consumer spending will remain restrained for some time to come as household wealth in the United States continue to grow at a very slow pace...
United States (Mar 11th, 10)
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