Joseph Stiglitz’s article (A principled Europe would not leave Greece to bleed, 25 January) and your leader (Under a Byzantine shroud, 30 January) offer quite a sensible analysis of Greece’s recent economic troubles. Some other international press coverage vastly exaggerates the problem.The European Central Bank’s dogmatic hardline euro policy, at a time of severe recession, [...]
Michael David White submits:NewObservations.net projects residential real estate prices will fall 12 percent nationwide in 2010. Our average of four major indexes predicts a total fall in prices of 34% from peak to stable trend. The total fall of 34…
ORLANDO, Fla., Jan. 31 /PRNewswire/ — With thousands of Toyota dealerships already struggling amidst decreased consumer spending and a national credit crunch, Toyota’s massive 2.3 million vehicle recall has store owners nationwide bracing for financia…
Steve Birenberg submits: Earlier this week, I purchased a position in Google (GOOG) for all Northlake clients who use individual stocks as part of their portfolio strategy. GOOG pulled back from $630 in early January to $545 with the bulk of the dro…
Profile: the former Aer Lingus tough guy has shown an increasing tendency to take court action against opponentsWILLIE WALSH, British Airways’s chief executive, knows how to deal with loss-making carriers struggling to emerge from state ownership.When he was boss of Ireland’s then government-controlled Aer Lingus, he cut 2,500 jobs, ensuring the airline’s survival and establishing [...]
MOSCOW (Reuters) – Russia’s metals giant Norilsk Nickel expects to book a $2 billion net profit for last year after it ended 2008 with a loss of $449 million, Russian media reported on Saturday.
(ChinaPost.com.tw) – All Nippon Airways Co. posted a deep loss for the nine months through December, unable to offset a major passenger slump with cost cuts.
(ChinaPost.com.tw) – Toshiba Corp. said Friday it booked a much smaller loss in the October-December quarter than a year earlier, due a recovery in its electronic components business.
A few insights for you to review over the weekend… A frosty January for stocks (WSJ) January’s loss doesn’t automatically doom the rest of the year (MarkHulbert) Stocks hit roughest spell since early 2009 (WSJ) Watch that channel (ShiftCTRL) S&P…
Stocks ended a disappointing January with a loss as investors questioned whether the economy will be able to sustain its big fourth-quarter growth rate.