|
Latest Articles: Business/Finance
Silicon Valley Bank targets UK technology sector
Post Date: 2012-06-11 04:03:01 by Tatarewicz
0 Comments
Silicon Valley geek works on laptop Silicon Valley Bank will back UK technology start-ups and established companies Silicon Valley Bank, the US hi-tech bank with $20bn (£13bn) in assets, opened its first UK branch on Monday, offering banking and loan services to the UK tech industry. Chancellor George Osborne said the move proves "the UK is fast becoming the technology centre of Europe". The bank will target the technology, life science, private equity and venture capital sectors. Tech companies Shazam and The Foundry are already UK clients. Phil Cox, SVB's head of UK, Israel and India, told the BBC: "We've already lent hundreds of millions in the UK but ...
PROFESSOR: Everyone Will Pay If Big Banks Go Cashless
Post Date: 2012-06-08 06:18:12 by Ada
0 Comments
There are some things you can only pay for with cash—or at least there used to be. Forgot quarters for the parking meter? No worries—a growing number of cities now offer automated machines that take credit cards or applications allowing consumers to pay using their smartphones. Need a couple of dollars for a highway or bridge toll? Not with an E-Z Pass or similar electronic collection system, which deducts money from your prepaid account the minute you pass through the gate. Even many street vendors now have credit card readers that attach to their smartphones or tablets. Through these and other technological innovations, it seems that the reasons consumers once had to ...
Jim Rogers: Economic Shocks Will Shift Power from the West to the East
Post Date: 2012-06-06 04:29:11 by Tatarewicz
0 Comments
Among the financial world's most elite men, Jim Rogers tends to have a frighteningly vivid foresight regarding the impact of fiscal policy, recession, and market growth (or lack thereof) on global sustainability. Recently, RT interviewed Mr. Rogers on the coming global shocks expected to hit in 2013 and remain rather strong into 2014 as well. Regardless of international claims of economic recovery, the global economy remains highly unstable... Rogers has his highest hopes and best bets set on Asia. Along with other esteemed economists, Rogers too believes China, India, and Russia will “soon become the trend-setters.” In Rogers's latest book, he divulges the secret to ...
Buffett sees little chance of US recession
Post Date: 2012-06-06 02:25:02 by Tatarewicz
1 Comments
WASHINGTON (AP) — Despite recent signs of weakness, the U.S. economy isn't likely to slip back into a recession, Warren Buffett said Tuesday. He also said both political parties deserve blame for the federal government's failure to reduce the deficit. Speaking at the 25th anniversary dinner of the Economic Club of Washington, the billionaire investor said he sees the odds of a renewed recession as "very low." But he warned that could change if the effects of Europe's financial crisis were to "spill over in a big way." European leaders need to reconcile the "half-in, half-out," nature of the euro zone, Buffett said. The 17 nations that use ...
Tokyo Stocks Hit 28-Year Low Amid Global Rout
Post Date: 2012-06-04 06:30:49 by Esso
6 Comments
The Tokyo market slumped to a 28-year low on Monday as Asian shares dived on fears of a nightmare scenario of euro-zone breakup, U.S. economic relapse and a sharp slowdown in China. Investors hedged against global financial and economic crisis, heading for havens such as the benchmark 10-year Japanese government bond whose yield fell below 0.80 percent to its lowest since July 2003. Ten-year JGB futures prices jumped to a 19-month high. The FTSE CNBC Asia 100 Index [.FTFCNBCA 5546.46 -111.77 (-1.98%)], which measures markets across Asia, shed 2.1 percent. Japan's shares fell sharply, with the broader Topix index hitting a 28-year low, as investors rushed to sell riskier assets on ...
These 12 Stocks Could Be in Deep Trouble
Post Date: 2012-06-03 05:46:31 by Tatarewicz
0 Comments
In the spring of 2008, Corporate America was caught off guard. Many companies carried hefty debt loads, and once the financial crisis hit that summer, a number of stocks plunged precipitously on looming bankruptcy fears. The most vulnerable among them: companies with more debt coming due in the following 12 months than cash on hand. In an economic slowdown, lenders become much more wary of letting a company simply roll over its debt. That's why shares of companies like Hertz (NYSE: HTZ), Domino's Pizza (NYSE: DPZ) and Ford Motor (NYSE: F) briefly saw their shares fall below $3. Fast-forward to 2012, and now many companies have wizened up. Debt burdens are now much more ...
Two Unlikely Stocks Making Record Highs Today
Post Date: 2012-06-02 06:47:16 by Tatarewicz
4 Comments
In my opinion, Dr. Doom’s 2002 book Tomorrow’s Gold: Asia’s Age of Discovery is one of the best investment books ever written. It's a must-read for any serious investor. The self-proclaimed “greatest contrarian in the world,” Marc Faber, chronicles how bull markets never end... They simply move into a different asset class. In the 1950s, American industrial stocks like American Steel were in a bull market. In the 1960s, it was American tech stocks led by IBM. In the 1970s, it was commodities like gold, silver, and oil... Then came the personal computer and software revolution in the 1980s led by Bill Gates and Microsoft and Steve Jobs and Apple. At ...
Stock promoter sees money in natgas
Post Date: 2012-06-02 06:27:52 by Tatarewicz
0 Comments
Bet on natural gas. Natural gas is offering smart investors the opportunity of a lifetime. Advertisement The Hidden Natural Gas Market No One is Talking About Forget about trying to predict the next wildcatter that'll get bought out... Today I'll reveal to you two companies perfectly positioned to bank big gains on the U.S. natural gas revolution without ever touching a drilling stock. Click here to get in before it's too late. The Recent Run-up Won't Last I said this at $3.60. I said it below $2. And I'll say it again... Demand for natural gas will not catch up to supply. We will never consume all the gas we have in this country. In fact, there's so much gas ...
Woman Who Couldn’t Be Intimidated by Citigroup Wins $31 Million
Post Date: 2012-05-31 08:23:05 by PSUSA2
1 Comments
,,, Phony Appraisals By 2006, the bank was buying mortgages from outside lenders with doctored tax forms, phony appraisals and missing signatures, she says. It was Hunt’s job to identify these defects, and she did, in regular reports to her bosses. Executives buried her findings, Hunt says, before, during and after the financial crisis, and even into 2012. In March 2011, more than two years after Citigroup took $45 billion in bailouts from the U.S. government and billions more from the Federal Reserve -- more in total than any other U.S. bank -- Jeffery Polkinghorne, an O’Fallon executive in charge of loan quality, asked Hunt and a colleague to stay in a conference room after ...
Novozymes launches world's largest enzyme plant in U.S.
Post Date: 2012-05-31 02:28:31 by Tatarewicz
0 Comments
BLAIR, the United States, May 30 (Xinhua) -- Danish enzyme maker Novozymes inaugurated the world's largest enzyme plant in Blair, Nebraska in central United States on Wednesday, in a major effort to march into the U.S. biofuel market. With an investment of 200 million dollars, Novozymes's newest plant encompasses nine buildings with a floor space of 137,000 square feet. It is located within a 500-mile radius of 60 percent of all ethanol producers in the country. According to the leading enzyme firm, the plant will specialize in making top enzymes, a key technology component for both the existing and advanced biofuel markets. Peder Holk Nielsen, executive vice president of ...
Australia's Galaxy sells lithium source to Chinese
Post Date: 2012-05-30 04:08:59 by Tatarewicz
0 Comments
The Australian lithium start-up Galaxy Resources Ltd announced on Wednesday that the company will sell its first commercial spodumene concentrate -- a source of lithium. The consignment, worth A$5.5 million ($5.4 million) will come from its wholly owned Mt Cattlin Spodumene Project (Mt Cattlin) in Western Australia to Chinese customers. It is the first significant lithium revenue stream for Mt Cattlin, the company said. The shipment was the fourth shipment of spodumene concentrate exported by Galaxy, with the previous three having been received for processing at Galaxy's wholly-owned Jiangsu Lithium Carbonate Plant in China, which works in the Chinese lithium battery market. ...
Gevo starts up first new bio plant, shares jump
Post Date: 2012-05-29 04:50:59 by Tatarewicz
0 Comments
May 24, 2012 (Reuters) — Gevo Inc started production at a converted ethanol plant in Minnesota, bringing on line the world's first commercial-scale facility to make advanced biofuels and renewable chemicals. Shares rose more than 9 percent. Gevo said it had flipped the switch on the plant, which will produce isobutanol from corn starch, on Wednesday and it expects to ship the first rail cars of the chemical to its customer Sasol around the end of June. Sasol will use the isobutanol as a feedstock in its chemical products, although the organic compound can also be used as an alternative to gasoline. Chief Executive Officer Patrick Gruber told Reuters the company would begin ...
China boosting private investment across industries
Post Date: 2012-05-29 04:37:49 by Tatarewicz
0 Comments
BEIJING, May 28 (Xinhuanet) -- China is making all-out efforts to encourage private investment in more heavily state-controlled and monopolized sectors amid concerns that its economy might slow further in the coming months. Since China's transport, railway and health ministries issued guidelines last month to permit private capital to develop those sectors energetically, the banking sector and the state-owned enterprises (SOEs) have joined in the drive. The move came in line with other recent measures announced by the central government to open state-controlled and monopolized sectors wider to private investment, in a bid to stimulate tepid economic growth. Being drafted are ...
Waterless gas fracking eliminates pollution
Post Date: 2012-05-28 05:55:41 by Tatarewicz
1 Comments
ALBANY -- In the debate over hydraulic fracturing for natural gas, two facts are beyond dispute: Huge amounts of water are used to break up gas-bearing rock deep underground and huge amounts of polluted water are returned to the surface after the process is complete. Tainted with chemicals, salts and even mild radioactivity, such water, when mishandled, has damaged the environment and threatened drinking water, helping fuel a heated debate in New York and other states over whether gas drilling is worth its risk to clean drinking water, rivers and streams. Now, an emerging technology developed in Canada and just making its way to the U.S. does away with the need for water. Instead, it ...
Is Facebook A Bigger Ponzi Scheme Than Madoff?
Post Date: 2012-05-24 05:33:51 by Tatarewicz
4 Comments
Facebook is turning out to be the poster child for everything that is corrupt on Wall Street. From fraudulent representation of financials to the fleecing of widows and orphans. The Facebook stock offering was priced at $38 per share, giving it a $104 billion market cap. Before the stock freed up to trade, Bloomberg News' Trish Regan tweeted that the opening indication was in the $53-$55 range. No doubt she was just regurgitating the fraudulent representation of the demand for the stock from her "sources" at Morgan Stanley, the book-runner for the deal. The opening trade was $42.05 - a market cap of $113.5 billion and the high-tick trade was $43, a market cap of $116 billion. ...
Max Keiser blasts JPM and Jaime Dimon (Silver Bullets)
Post Date: 2012-05-24 04:46:15 by noone222
0 Comments
Turkmenistan signs deal on trans-Afghan gas pipeline
Post Date: 2012-05-23 05:26:58 by Tatarewicz
2 Comments
AVAZA, Turkmenistan, May 23, 2012 (Reuters) — Turkmenistan signed landmark agreements on Wednesday to supply natural gas to Pakistan and India, moving a step closer to building a U.S.-backed pipeline running across Afghanistan. Turkmenistan's state gas company Turkmengaz signed gas sales and purchase agreements with Pakistan's Inter State Gas Systems and Indian state-run utility GAIL. "The implementation of this project will give a powerful impetus to the social and economic development of all the participant countries," Turkmen's deputy prime minister Baimurad Hojamukhamedov said before the signing ceremony held in the resort area of Avaza on the Caspian Sea. ...
China plans brokerage reforms to create its own Goldman Sachs
Post Date: 2012-05-23 05:18:48 by Tatarewicz
0 Comments
SHANGHAI, May 23, 2012 (Reuters) — China is rolling out sweeping brokerage reforms to nurture future global investment banks that officials hope could eventually compete with the likes of Goldman Sachs and Morgan Stanley , a regulatory document showed. Yao Gang, Vice Chairman of China Securities Regulatory Commission, takes part in the Asian Financial Forum in Hong Kong January 16, 2012. REUTERS/Bobby Yip The China Securities Regulatory Commission wants to allow domestic brokerages, which now get most of their money from trading stocks and underwriting new securities, to expand in futures and derivatives, asset management, private banking and private equity, according to a ...
Facebook Bankers Secretly Cut Facebook’s Revenue Estimates In Middle Of IPO Roadshow
Post Date: 2012-05-22 09:54:23 by PSUSA2
18 Comments
And now comes some news about the Facebook (FB) IPO that buyers deserve to be outraged about. Reuters' Alistair Barr is reporting that Facebook's lead underwriters, Morgan Stanley (MS), JP Morgan (JPM), and Goldman Sachs (GS) all cut their earnings forecasts for the company in the middle of the IPO roadshow. This by itself is highly unusual (I've never seen it during 20 years in and around the tech IPO business). But, just as important, news of the estimate cut was passed on only to a handful of big investor clients, not everyone else who was considering an investment in Facebook. This is a huge problem, for one big reason: Selective dissemination. Earnings forecasts are ...
Chinese company to buy US movie theater chain AMC
Post Date: 2012-05-22 04:36:49 by Tatarewicz
0 Comments
BEIJING — A Chinese conglomerate announced Monday it will buy a major U.S. cinema chain, AMC Entertainment Holdings, for $2.6 billion in China's biggest takeover of an American company to date. Dalian Wanda Group Co.'s purchase reflects the global ambitions of a wave of cash-rich Chinese companies that are using acquisitions to speed their expansion by obtaining foreign skills and brand names. Wanda said the deal will create the world's biggest movie theater operator. The Beijing-based company said it will invest an additional $500 million to fund AMC's development. AMC operates 346 cinemas, mostly in the United States and Canada, and says it has 23 of the 50 ...
Facebook Flops, Market Still Fearful Of Eurozone Events
Post Date: 2012-05-21 11:23:31 by Jethro Tull
8 Comments
So the Facebook IPO came and went on Friday, and the stock closed 25 cents higher than what it opened at $42.00. Buying IPOs means you are taking ownership of a piece of a business which is being sold to you by the original founders, early investors, and investment banks whose job it is to sell the shares. Some of the sellers of Facebook (FB) include Goldman Sachs (GS), Morgan Stanley (MS), early Paypal and eBay investor Peter Thiel, and the earliest founders of Facebook. In the market, there is a buyer for each seller whenever a transaction occurs. So, a thinking person asks, why am I buying this company at this price, and what am I getting for my dollars? Also, who is selling the stock ...
Dow chart shows minor stock market setback
Post Date: 2012-05-21 02:41:25 by Tatarewicz
0 Comments
The point when investors take action Greece is a drag on every market. If this creates a major reversal in markets then we are headed for a repeat of 2008. If this is a minor top with an upward trend retracement then there is no need to panic. Greece provides the catalyst and investors turn to US markets for guidance. The Dow has developed a minor top upward trend reversal pattern. This pattern has developed within the context of a long-term upward trend line that has been acting as a resistance level. This trend line was a projection of the neckline from the head-and-shoulders pattern that developed between January 2011 and August 2011. In recent months the Dow has used this upward trend ...
my title- Rothschilds, Rockefellers, and lesser banksters are losing control
Post Date: 2012-05-20 15:37:38 by PSUSA2
2 Comments
Europe’s Worst Fear: Spain and Greece Spiral Down Together By LANDON THOMAS Jr.Published: May 20, 2012 LONDON — In a season of nightmare projections for Europe, this one could be the scariest: Greek leaves the euro currency union at the same time Spain’s banking system is collapsing. In many ways, the market convulsion last week was a test run for those crises, as political deadlock in Greece and mounting fears over the health of Bankia, one of the largest consumer banks in Spain, converged. The credit ratings agency Moody’s Investors Service downgraded the entire Spanish banking sector Thursday. As investors gird for another challenging week, they will be hoping ...
HP Layoffs Looming: Eliminating Up To 30,000 Jobs (Cynicom to blame Ron Paul in 5...4...3...2...1)
Post Date: 2012-05-18 14:35:23 by F.A. Hayek Fan
0 Comments
SAN FRANCISCO (AP) — Published reports say Hewlett-Packard is poised to eliminate up to 30,000 jobs to help offset dwindling demand for personal computers as more people connect to the Internet on smartphones and tablets. Bloomberg News says HP is mulling 25,000 job cuts. All Things D, a technology blog, estimates the purge will jettison 30,000 jobs. Both reports cited unnamed people familiar with HP's plans. Hewlett-Packard Co. declined to comment Thursday. The Palo Alto, California, company ended its last fiscal year with nearly 350,000 employees. Based on that, HP is considering a 7 to 9 percent decrease in its workforce. Analysts estimate a payroll reduction of that size ...
U.S. sets new tariffs on solar imports from China
Post Date: 2012-05-18 05:59:04 by Tatarewicz
0 Comments
May 17, 2012 (Reuters) — The United States ruled that Chinese solar companies had illegally 'dumped' renewable power equipment on the U.S. market at below-market prices, and ordered tariffs on the imports, a source close to the case said on Thursday. An employee works on a solar panel production line at a solar company workshop in Yongkang, Zhejiang province February 23, 2012. REUTERS/Stringer In a move likely to enflame trade tensions between Beijing and Washington, the preliminary ruling from the U.S. Commerce Department set tariffs on top Chinese exporters Suntech Power Holdings Co Ltd and Trina Solar Ltd at about 31 percent, according to the source. Tariffs on other ...
Latest [Newer] 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 [Older]
|