February 1, 2012
It’s the best start for stocks in 15 years.
In what was mostly a slow and steady climb, the Dow Jones industrial average rose 3.4 percent in January and the Standard & Poor’s 500 gained 4.4 percent, the best performances for both indexes to open a year since 1997.
Investors were encouraged by modest but welcome improvement […]
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finance, loans
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January 30, 2012
Valuations for U.S. equities have been stuck below the five-decade average for the longest period since Richard Nixon
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finance, lenders
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January 23, 2012
The new man at the top of struggling Research In Motion Ltd. says his priority is to reinvigorate marketing and restore growth in the U.S., adding that he has no intention of allowing the iconic BlackBerry maker to be broken apart and sold in pieces.
finance, lenders
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December 27, 2011
U.S. stocks surged Tuesday as concerns about the European debt crisis eased and investors welcomed signs of strength in the U.S. housing market.
The Dow Jones industrial average () rose 337 points, or 2.9%, to end at 12,103. The S&P 500 () jumped 36 points, or 3%, to 1,241. The Nasdaq () gained 80 […]
finance, online
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December 13, 2011
A closely-watched survey shows German investor sentiment grew in December, ending a nine-month downward trend.
However, the rise was not as big as expected as Europe’s raging debt crisis weighs heavily on the continent’s largest economy.
The ZEW investor sentiment index for December released Tuesday was up 1.4 points to minus 53.8 points overall. Analysts had forecast […]
finance, marketing
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December 8, 2011
German authorities say a piece of mail sent to Deutsche Bank chief Josef Ackermann was a fully functional letter bomb capable of exploding.
German prosecutors and police in Hesse state said in a joint statement that a suspicious letter addressed personally to Ackermann and intercepted at the mail room of the bank’s Frankfurt headquarters on Wednesday […]
business, finance
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November 29, 2011
Carl Icahn said Monday that he wants to buy Commercial Metals Co. for about $1.73 billion and combine parts of it with metals recycling businesses that he already owns.
The billionaire investor, who already owns almost 10 percent of Commercial Metals, said he also plans to nominate three of his associates to be directors on its […]
finance, loans
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November 1, 2011
The Missouri Legislature has acquired a do-nothing reputation lately, but you won’t hear folks in the biotechnology industry applying that label.
Legislators passed only two bills during their fall special session, but one of them was the Missouri Science and Innovation Research Act, a longtime priority for local technology boosters. MOSIRA sets up a funding source […]
finance, term
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October 21, 2011
British lawmaker Tom Watson plans to detail new findings of covert surveillance techniques employed by News Corp. that go “beyond phone hacking.”
Watson said the revelations planned at the company’s annual shareholders meeting Friday “will leave the company liable to civil liability but also huge reputational harm.”
News Corp. officials declined to comment.
Watson has spearheaded a 2 […]
finance, management
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October 3, 2011
A key central bank survey offered a cautiously optimistic assessment of corporate Japan, where business confidence is improving even as the global economy’s prospects darken.
In the Bank of Japan’s quarterly “tankan” survey of business sentiment released Monday, the main index for big manufacturers climbed back into positive territory as a recovery from the March 11 […]
finance, technology
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