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Six Flags will be taken over by junior bondholders in a settlement deal which was reached after two weeks of bankruptcy proceedings. The theme-part company came to the settlement on Friday, although it still has to be approved by U.S. Bankruptcy Judge Christo...
Business (Mar 20th, 10)
China has cut back on its growth as their economy became too hot, and now will grow at a still impressive 8 to 9 percent. With that as a backdrop, China has also set a goal of keeping inflation at a 3 percent level in 2010. They may reach their goal, as grain...
China (Mar 20th, 10)
The three-day strike at the beginning of one of the busiest times of the year forced British Airways to cancel over 1,000 of its scheduled 1,950 flights during that time, even with attempting to transfer many of their passengers to competitors. All the work d...
United Kingdom (Mar 20th, 10)
The first of a number of Google secrets has come out, as the lawsuit with Viacom and Google continues and court-ordered documents cast light on some of the specifics of the YouTube deal and other information. First of all, and what most of us that followed th...
Technology (Mar 20th, 10)
Analysts are estimating quarterly results from the time period ending February 28 will show revenue for Oracle (Nasdaq:ORCL) will have a nice 15 percent bounce. Much of the optimism is centered on a big increase in license sales for new software. Oracle presi...
Technology (Mar 19th, 10)
Citing 17 years of attempting to be accepted into the World Trade Organization, Russian Prime Minister Vladimir Putin told Hillary Clinton there could never be full cooperation between the two countries until that happened. "We are very committed to Russia jo...
Russia (Mar 19th, 10)
After terrible estimates for the fourth quarter and expected sales of some products not meeting expectations, Wall Street is beginning to ask the question of whether Palm (NASDAQ:PALM) can survive or not; or at least if it survive on its own. The share price ...
Telecommunications (Mar 19th, 10)
Citigroup (NYSE:C) has reversed direction on its mortgage strategy, saying now they'll be increasing the acquisition of mortgages underwritten by other companies. They also said they'll keep more loans on their balance sheet than they said they were going to. ...
Banking (Mar 19th, 10)
For the third time Dell (Nasdaq:DELL) has delayed closing the assembly plant of the company in Winston-Salem, now pushing the date back to October 29. Originally scheduled to close in the early part of 2010, demand for the specific desktop computers assembled...
Technology (Mar 18th, 10)
The global financial meltdown revealed the soft underside and vulnerability of the British economy, which had gravitated largely towards financial services. With the announcement the new models of cars will be produced in the country, it was hailed as a good ...
United Kingdom (Mar 18th, 10)
The upcoming trial of four employees of Australian-based Rio Tinto (LON:RIO) are going on trial for commercial espionage in China next week, and China has warned Australia not to politicize the trial. After taking some time to smooth over some ruffled feather...
Australia (Mar 18th, 10)
Boeing (NYSE:BA) led the Dow industrials higher today, with the Dow reaching 10,773 and change, the highest levels in over a year and a half. This isn't just a one-day thing for Boeing though, as it is the highest performing stock in 2010 for the Dow, gaining...
Airlines (Mar 18th, 10)
In the last year or two the concept of “too big to fail” has been applied to certain financial, manufacturing and quasi governmental firms. For example, Barney Frank said last week that he supports the Treasury Department position of supporting Fan...
Real Estate Market (Mar 18th, 10)
Although this isn't the first time the Canadian dollar has surged in value over the last several years, it looks like this time around it will be a sustainable event and Canadian manufacturers are taking that into consideration in their operations and strategi...
Canada (Mar 17th, 10)
Rosneft, the Russian majority state-owned oil company, had its shares take a hit today as it announced a British court could seize assets of the company from the lawsuit filed by executives who used to work for Yukos Oil. This particular case is an extension ...
United Kingdom (Mar 17th, 10)
Investors liked what they heard when Moody's increased the corporate credit rating of Ford Motor (NYSE:F) to B2, driving up not only the share prices to 5-year highs, but also their bonds rose as well on the news. When Ford shares hit $14.02 at a little after...
Business (Mar 17th, 10)
The giant South African construction and engineering company Aveng Ltd. is looking beyond its borders to Australia for acquisitions, although it's keeping its eye on the South African market as well. Specifically targeted industries Aveng is interesting in ac...
Business (Mar 17th, 10)
British Prime Minister Gordon Brown lashed out at criticism from the EU Commission over the growing deficit in the U.K., which they are responding to much too slowly, according the the Commission. A report due to be released on Wednesday was leaked early, whi...
United Kingdom (Mar 16th, 10)
Desperate for ways to cut costs and generate revenue, airlines around the world have been changing the practice of offering free meals on their flights, with the latest airline to begin charging for meals being Continental Airlines (NYSE:CAL). The changes wil...
Airlines (Mar 16th, 10)
Today both JPMorgan Chase (NYSE:JPM) and U.S. Bancorp (NYSE:USB) declared quarterly dividend of 5 cents a common share, making the annual dividend 20 cents a share for each company. JPMorgan's dividend is payable on April 30, 2010 for shareholders of record o...
Banking (Mar 16th, 10)
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