- Tiffany, Heinz, Pandora, Joy Global, Splunk: Earnings Reports To Watch, Aug 27-31
August 24 2012 4:30 PM
While the second-quarter earnings season is coming to a close, investors will still see a trickle of companies reporting results next week. They include Heinz, Joy Global, Pandora Media, Splunk, and Tiffany.
- Hail, Late Freezes And Drought Means Fewer Apples This Year
August 24 2012 12:21 PM
If you notice the price increases in apple cider this fall, blame it on the wacky weather.
- Latin America Wealth Gap Climbing, Despite Progress Against Poverty: UN
August 22 2012 1:46 PM
At present, the widest wealth gap is found in Guatemala, while Venezuela boasts the most equitable income distribution in the region.
- Argentina 'Probably' In Recession, No Growth Expected This Year - Report
August 21 2012 1:10 PM
Argentina, South America's third-largest economy, is "probably" in the midst of a recession and won't register meaningful growth this year amid high inflation and weak industrial output, according to a new report.
- Gold Demand Plunges In Top Global Markets: Will Emerging Markets Take Up Slack?
August 20 2012 10:41 AM
Gold prices continued to decline this week, dragging even lower due to unusually weak demand from China and India - the two largest gold consumers - that has extended for several months.
- Brazil Pumps $66B Into Road, Rail To Boost Economy
August 16 2012 10:28 AM
President Dilma Rousseff said the investment will include the laying of 6,200 miles of train tracks and building or widening 4,660 miles of federal highways.
- Gold Demand Falls To A Two-Year Low; India, China Weigh
August 16 2012 5:40 AM
The demand for gold fell to its lowest level in two years in the second quarter of 2012, as the price rise along with the economic slowdown has deterred major consumers India and China from buying the yellow metal, the World Gold Council said on Thursday.
- Why Municipal Bond Defaults are Higher Then You Think
August 15 2012 1:14 PM
Despite recent headline defaults, muni bonds have enjoyed a confidence born from historically low default rates, especially when compared to their riskier private sector cousins, corporate bonds.
- iPhone 5, $2.5-Billion Dividend Payout Has Investors, Hedge Funds Buying Apple; Layoff Rumors Have No Impact
August 15 2012 5:49 AM
News of the probable launch of iPhone 5 September 12 and the $2.5-billion quarterly dividend payout August 16 have made Apple (AAPL) stocks a top pick among retail investors and hedge funds.
- US Manufacturing Jobs Will Grow As Japan's Carmakers Move Capacity To North America
August 14 2012 6:20 AM
Amid constant political caterwauling about the demise of American manufacturing, Japanese automakers like Toyota Motor Corporation (NYSE: TM), Honda Motor Co. (NYSE: HMC) and Nissan Motor Co. (Tokyo: 7201) are gradually bringing manufacturing jobs to North America by building new factories and adding extra shifts to meet resurgent demand in the U.S. automotive market.
- Billionaire George Soros, 82, To Marry 40-Year-Old Yoga Business Woman
August 13 2012 8:01 AM
Soros announced the engagement at his 82nd birthday party held at the octogenarian's summer home in Southampton, N.Y., a person familiar with the investor said.
- Detenido! : Mexican Drug Cartel Sinalao Arrested in Spain
August 10 2012 4:44 PM
Spanish police announced they have arrested four members of Mexican drug cartel Sinalao while it was attempting to set up a European foothold in Madrid.
- IEA Sees Oil Demand Growth Slowing Further In 2013
August 10 2012 11:33 AM
Global oil demand growth will fall next year below already very weak levels of 2012 due to a slow-down in economic activity, the west's energy watchdog said on Friday.
- Another Food Crisis Looms Driven By Soaring Grains And Sugar Prices, UN Agency Warns
August 10 2012 4:57 AM
A global hike in food prices last month due to unfavorable weather conditions, compounded by exporting nations placing restrictions and importing nations stockpiling due to concerns over the grain price rally, could lead to a food crisis along the lines of the one that happened in 2007-08, the U.N.'s food agency warned Thursday.
- BREAKING: Italy, Spain Downgraded by DBRS
August 08 2012 12:33 PM
Toronto-based credit rating agency DBRS, Inc. announced today it is downgrading the sovereign credit ratings of the Kingdom of Spain and the Republic of Italy from their current "A (high)" ratings. The rating agency gave Spain's long-term rating a two-notch downgrade to "A (low)." Italy was taken down one notch to "A."
- HP Boosts Earnings Estimates After Firings Start
August 08 2012 10:51 AM
Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, raised its estimates for third-quarter earnings to $1 a share from 94 cents apparently because of higher demand as well as the initial impact of firing 27,000 employees to shave costs.
- The Great Plastic Robbery Continues: Visa, MasterCard Still 'Ripping Off' US Consumers
August 03 2012 12:12 PM
The Merchants Payments Coalition (MPC), which represents retailers, says the fees levied on American supermarkets, stores and gas stations by Visa and MasterCard are up to three times more than in other parts of the world, inflating prices for U.S. consumers.
- Honduras Bans Guns In Colon Region, But Paramilitaries Will Be Exempt
August 03 2012 11:41 AM
Honduras, which has the world’s highest homicide rate already -- estimated at 86.5 murders per 100,000 inhabitants according to the United Nations -- has witnessed a particularly gruesome spike in carnage in Colon, from two different fronts.
- Global Manufacturing Slumps On Lingering Euro Zone Debt Crisis
August 01 2012 2:37 PM
Euro zone Purchasing Managers Index (PMI) numbers continued their 11-month straight contraction, with manufacturing in Italy, Spain and Greece continuing their alarming downward trends.
- Oil, Gas, And The Quest For New Friends: Chavez Hails Venezuela's Entry Into Mercosur
July 31 2012 1:29 PM
Venezuelan President Hugo Chavez is attending the South American trading bloc Mercosur summit in Brazil, where his country has been inducted as an official member of the group after a six-year wait. But not every Venezuelan is pleased