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Genzyme (Nasdaq:GENZ) announced it is planning to buy back about $2 billion of its stock, while preparing to sell off three of its non-core business segments. Concerning buying back stock, Genzyme will finance $1 billion of those purchases with debt in the sh...
Business (May 6th, 10)
The violence spreading across Greece because of the culture of entitlement rampant in the country shows the future of all those countries with socialist tendencies who think they can buy themselves political favor by offering constituents and citizens wages, p...
Business (May 5th, 10)
Jamie Dimon, CEO of J.P. Morgan Chase & Co. (NYSE:JPM), said in a talk to business executives attending a meeting of the Business Council, that business leaders are starting to get very concerned about the long-term consequences of the deficits of the U.S....
Business (May 5th, 10)
Although there has been a lot of positive talk on the Canadian economy, the ongoing weak economic conditions and the strength of the Canadian dollar has caused business confidence to drop in Canada for the second quarter. Of particular note is the resistance ...
Canada (May 4th, 10)
Sales of aircraft in general is stalled this year, and business planes are no different, even though there will be an increase in flights because of ongoing excess capacity in the sector. Assuming there is an eventual global economic recovery, an increase in ...
Business Travel (May 4th, 10)
According to a recent forecast from Honeywell (NYSE:HON), the leader of new jet orders in the world in the near term is Europe. Near term by Honeywell is defined as from 2010 to 2013, with most of those orders coming after 2010. These aircraft orders are soo...
Transport (May 3rd, 10)
The oil spill from the explosion on the oil rig Deepwater Horizon could end up costing BP (NYSE:BP) into the high single-digit billions, or possibly into the low double-digit billions before it's all over. That could be the good news for the company, as the c...
Energy (May 3rd, 10)
After completing its expansion into Asia, Prudential says it's taking into consideration the idea of selling its business assets in the United States and the UK. While this isn't a surety at this time, it's thought there is a stronger possibility that they'll...
Insurance (May 2nd, 10)
The sale of the aluminum assets of Vale SA  (NYSE:VALE) to Norsk Hydro will give the Norwegian-based company a long term supply of the metal which will last for many years. As a result of the $4.9 billion deal, Norsk will gain control of the third-larges...
Commodities (May 2nd, 10)
The Canadian dollar dropped the most in a week since January, ending the week by falling 1.1 percent to C$1.0162 for each U.S. dollar near the end of trading. Now one Canadian dollar will buy 98.41 U.S. cents after the downward move. For the week dipped 1.7 p...
Canada (May 1st, 10)
Berkshire Hathaway (NYSE:BRK) recorded a solid first quarter with profits of $3.63 billion, in contrast to last year's net loss of $1.5 billion during the same quarter. Operating earnings increased from $1.7 billion last year to $2.2 billion this year, a 30 p...
Business (May 1st, 10)
It seems Warren Buffett is getting geared up for the upcoming annual Berkshire Hathaway (NYSE:BRK) meeting, which should provide some fireworks over the holdings of the company in Goldman Sachs (NYSE:GS) and a more upbeat atmosphere than last year's meeting, w...
Banking (Apr 30th, 10)
Under a new business tax system to be revealed on Sunday, Australian small businesses will get some help on their taxes under the new plan, much of it related to getting tax breaks at a quicker rate than before. One example would be to allow small businesses ...
Business (Apr 30th, 10)
Dun & Bradstreet (NYSE:DNB) reported its first-quarter profits, and as expected, they took a steep hit on their profits as revenues declined and they had to take a tax charge. Even so, the good news is they did manage to beat analysts' expectations. Afte...
Business (Apr 29th, 10)
The second half was dynamite for Macquarie Group, as their profit in the second half was over twice what it was in the first half, and guidance for the next fiscal year is that they will generate even higher earnings. For the six-month period ending March 31,...
Banking (Apr 29th, 10)
With American consumers still largely sitting on the sidelines, General Electric (NYSE:GE) CEO Jeffrey Immelt said the economic recovery in the U.S. will be driven by investment made by business rather than consumer spending. Immelt cites the cash businesses ...
Business (Apr 28th, 10)
Jacques Cailloux, chief Europe economist at the Royal Bank of Scotland, says the sovereign debt crisis has "gone past the point of no return.” That has led to speculation the European Central Bank may had to step in bond markets in southern Europe are t...
European Union (Apr 28th, 10)
For the 15th year in a row IBM (NYSE:IBM) has upped its quarterly dividend, this time by 18 percent. The company also announced it is looking at buying back about $8 of its stock. The current quarterly dividend of 55 cents a share has now been increased to 65...
Technology (Apr 27th, 10)
The incredible, unfolding disaster in Europe continues to get worse, as Standard & Poor's announced they've cut the credit rating of Greece to junk status while downgrading Portugal two places from A+ to A-. Greece's long-term credit rating was slashed fr...
European Union (Apr 27th, 10)
Caterpillar (NYSE:CAT) surprised analysts as they exceeded profit expectations, but I'm surprised at the hype surrounding it as it has been touted as proof the economy has turned around. What needs to be carefully looked at is the revenue of Caterpillar, whic...
Business (Apr 26th, 10)
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