Crude oil hit its highest price in two years today due to the escalating anti-government protests in Libya. This has fueled fears that oil supply will be adversely affected as unrest seems to be spreading across the Middle East and Africa.
The New York future...
United States (Feb 21st, 11)
The now bankrupt Blockbuster Inc. announced today its plans to set itself up for auction and received an opening bid of $290 million from the four largest creditors. This strategy is intended to draw other potential buyers out from the woodwork as well as esta...
United States (Feb 21st, 11)
According to Reuters, the Japanese Nikkei average fell by 2 percent Tuesday indicating a reversal from the nine and a half months of highs. This marks the first decline the Nikkei is posting in the past seven days. Analysts attribute the decline to profit-taki...
United States (Feb 21st, 11)
Crude oil prices increased by 1.3 percent to $87.34 per barrel due to rising tensions in the Middle East. As a result, the Asian stock markets are posting their first decline in the past four days. MSCI Asia Pacific Index was down by 0.1 percent putting an end...
United States (Feb 20th, 11)
The reports that have surfaced regarding a possible merger between the Nasdaq OMX Group and IntercontinentalExchange Inc. (ICE) now indicate that the deal is less likely to go through, but that a mutual bid for the NYSE Euronext is still possible.
The possibl...
United States (Feb 20th, 11)
The highly anticipated spending bill from the now GOP-controlled House is coupling budget cuts with relaxed regulations that are intended to comprehensively restrict the Obama administration’s budget for not only the implementation of the health care law...
United States (Feb 19th, 11)
The communiqué released by G20 finance ministers on Friday urged nations to take measures to ensure exchange rate stability and misalignment, according to Reuters. Additionally, prior requests to manage ‘competitive devaluations’ largely too...
United States (Feb 19th, 11)
Congress recently authorized legislation that helps companies at risk of foreclosure by implementing a new loan program. This past Friday, the Small Business Administration (SBA) indicated the program is ready to be implemented. However, concerns have been rai...
United States (Feb 19th, 11)
As an entrepreneur funding can be a important to drive growth in a business and can be an important element in a mix of what drives a startups success. In the United States venture capital investment has been an essential element in silicon valley startups i...
United States (Feb 18th, 11)
On Wednesday, the US markets rose on the Federal Reserve projections indicating that growth in 2011 would be between 3.4 percent to 3.9 percent, in comparison to the previous projections set between 3 percent and 3.6 percent. As a result, the Dow closed on Wed...
United States (Feb 18th, 11)
In a case regarding the British drilling company Ensco, Judge Martin Feldman, a District Court judge from Louisiana, has issued a statement that in effect orders the Obama administration to expedite the permitting process for new deepwater oil wells in the Gul...
United States (Feb 18th, 11)
Initiated by Delta Air Lines on Monday, and followed by US Airways on Wednesday, major domestic air carriers are suspending their recent airfare increases targeted at high volume business flights. Since the actions of these two companies, American Airlines, Un...
United States (Feb 17th, 11)
The Wall Street Journal reports that the disparity in prices of goods and services could keep inflationary pressures down. Broadly, prices for goods and services were up 1.6 percent in the past month in comparison to the year before. However, a dichotomy has e...
United States (Feb 17th, 11)
Mizuho Securities Asia Ltd. and Deutsche Bank AG have reported that China may begin to relax deposit rates for banks this coming year. According to an article on Bloomberg, Chinese authorities may loosen their deposit rate ceiling for ‘well capitalized&r...
United States (Feb 17th, 11)
The bookstore chain Borders Group filed for Chapter 11 bankruptcy today and as a result will be permanently closing the doors on 200 stores across the nation. The company faced more than $1 billion in debt due to swift changes in the book market. Amazon has si...
United States (Feb 16th, 11)
Despite the presence of enduring concerns about the Deutsche Börse and NYSE Euronext merger being completed due to other potential bidders and other political concerns, the companies have announced today their tie-up plans for the merger, which are projec...
United States (Feb 15th, 11)
Tech stocks have recently taken a hit in the market place. Nokia Corporation (ADR) (NYSE: NOK), Intel Corporation (Nasdaq: INTC), and Alcatel-Lucent (ADR) (NYSE: ALU), and Sprint Nextel Corporation (NYSE: S) were all down by a few percentage points today. Whil...
United States (Feb 15th, 11)
Wal-Mart Stores Inc. posted troubling financial data for its final quarter, but JPMorgan contends this is not the sole reason why they have decided to downgrade the stock to neutral status. Wal-Mart lost 1.6 percent on the Dow Jones Industrial Average today br...
United States (Feb 14th, 11)
The buzz in the financial world lately has largely been centering on the anticipated merger between Deutsch Börse AG and the New York Stock Exchange’s Euronext, but according to reports today there might be another potential bidder in the market. CM...
United States (Feb 14th, 11)
On Monday, the Obama administration is expected to release its second major policy proposal with regard to cultivating economic recovery. This proposal will focus solely on budgetary details for fiscal year 2012. The plan is expected to detail a $1.1 trillion ...
United States (Feb 13th, 11)
