Articles by J.J. McGrath
- 'Vicious Cycles' Continue To Go 'Round And 'Round: BIS
June 24 2012 11:13 PM
Five years into the most significant global financial crisis since the 1930s, the world's leaders have formulated neither the fiscal policies nor the monetary policies required to deal with it, according to the Bank for International Settlements' 82nd Annual Report, which was released Sunday.
- Almost 23% Of Gulf Of Mexico's Oil-And-Gas Output Cut By Storm
June 24 2012 7:02 PM
Because of Tropical Storm Debby in the Gulf of Mexico, about 22.7 percent of the gulf's current daily oil production and about 22.9 percent of its current daily natural-gas production has been shut-in, according to the U.S. Interior Department's Bureau of Safety and Environmental Enforcement.
- Tropical Storm Debby Cuts Oil-And-Gas Output In Gulf Of Mexico
June 23 2012 11:26 PM
With Tropical Storm Debby more or less dead in the water of the central Gulf of Mexico, the U.S. Bureau of Safety and Environmental Enforcement estimates about 7.8 percent of the gulf's current daily oil production and about 8.16 percent of its current daily natural-gas production are now shut-in.
- Syria And Turkey Agree: Warplane Was Attacked
June 22 2012 11:55 PM
Both Syria and Turkey now agree the former shot down one of the latter's warplanes, believed to be an F-4E Phantom, over the Mediterranean Sea on Friday. The incident had been the subject of conflicting media reports.
- Paraguay's President Ousted In Political Lightning Strike
June 22 2012 8:22 PM
Paraguayan President Fernando Lugo was removed from office by the bicameral National Congress in the space of two days, so that, as of Friday night, he is the former president, according to multiple media sources.
- Suppose They Conducted A Relief Rally, And Nobody Came?
June 17 2012 11:20 PM
Certain financial-market commentators were -- er, uh -- commentating either early Monday or late Sunday (depending on one's global positioning) about a relief rally in this market or that market allegedly propelled by Greece's election results, which suggest the euro zone will not be falling apart. This week, anyway.
- Egyptian Power Will Pass To Civilians From Military July 1: SCAF
June 17 2012 9:08 PM
As ballots cast in Egypt's presidential election continue to be counted on Sunday, Field Marshal Mohamed Hussein Tantawi, the head of the country's Supreme Council of the Armed Forces, or SCAF, has renewed the military's commitment to hand over power to a civilian authority on July 1.
- Bailout-Friendly Coalition Expected To Govern Greece
June 17 2012 5:40 PM
Leaders of the center-right New Democracy party and the left Syriza party -- Antonis Samaras and Alexis Tsipras, respectively -- agree on one thing: The former party won, and the latter party lost Greece's snap parliamentary elections on Sunday.
- Exxon Mobil Shelves Shale-Gas Exploration Plans In Poland: Report
June 17 2012 4:33 PM
The Exxon Mobil Corp. will abandon its shale gas exploration projects in Poland because the company's test wells did not produce commercial quantities of gas, the daily newspaper Gazeta Wyborcza reported, according to Bloomberg News.
- France Wants EU Growth Package Worth ?120B This Year
June 16 2012 11:21 PM
With French President Francois Hollande's Socialist Party appearing likely to cement its hold on the country's government in elections on Sunday, the Journal du Dimanche has reported that France wants the European Union to agree on growth-boosting measures worth ?120 billion ($151 billion) this year.
- Korean Molluscan Shellfish Should Be Pulled From Market: FDA
June 16 2012 4:07 PM
U.S. food wholesalers, food retailers, and food-service operators have been advised by the Food and Drug Administration to remove from their distribution chains all clams, mussels, oysters, and scallops -- collectively known as molluscan shellfish -- that have come to the U.S. from South Korea.
- Stuntman Nik Wallenda Completes Tightrope Walk Over Niagara Falls
June 15 2012 11:59 PM
Nik Wallenda, a member of the famed Flying Wallendas family of aerialists, completed a historic tightrope crossing through the mist over Niagara Falls Gorge on Friday, stepping from a 2-inch wire onto safe ground in Canada to wild cheers from a crowd of thousands.
- Lockheed Awarded $489.53 Million Contract To Buy F-35 Parts
June 15 2012 11:32 PM
The Lockheed Martin Corp. (NYSE: LMT) was awarded a contract worth $489.53 million to begin purchasing parts, materials, and components for a seventh batch of 35 F-35 Joint Strike Fighter planes, the U.S. Defense Department announced Friday.
- Market Operators More Greedy Than Fearful In Early Going On Monday
June 10 2012 11:32 PM
China's easy money and Spain's hard choice to accept a bailout of its cash-strapped financials sector appear to have market participants feeling pretty chipper in the early going on Monday.
- GE May Cut Its Exposure To The Financial-Services Trade: Report
June 10 2012 8:58 PM
GE Capital -- the financial-services unit of the General Electric Co. (NYSE: GE) -- may be in for a round of slicing and dicing by its corporate parent, according to an account appearing online in the Wall Street Journal.
- China's Data On Trade In May A Surprise: Not A Bad One But A Good One
June 10 2012 7:17 PM
Many analysts anticipated China's balance-of-trade figures for May would be OK, but the customs numbers reported Sunday were better than that expectation: Year on year, the country's exports rose 15.3 percent, and its imports rose 12.1 percent.
- Will Genentech's Perjeta Be The Next Blockbuster For Roche?
June 10 2012 4:28 PM
Combatants on the front lines in the war on cancer have a new weapon in the arsenal, as the U.S. Food and Drug Administration on Friday OK'd Perjeta -- flanked by Herceptin and docetaxel -- for deployment in a three-pronged attack on the enemy cells in people with HER2-positive metastatic breast cancer.
- Greek And Spanish Ills Could Infect Entire Euro Zone: Moody's
June 09 2012 11:57 PM
Developments in Greece and Spain could lead first to rating reviews and then to rating actions on all 17 countries in the euro zone, Moody's Investors Service announced Friday.
- Spain Becomes Fourth Bailed-Out Country In 17-Nation Euro Zone
June 09 2012 9:31 PM
Spanish officials appeared hesitant to recognize the reality of their country's situation on Saturday as the nation agreed to accept as much as ?100 billion ($125 billion) in a bailout of its cash-strapped financials sector by one or both of the euro zone's rescue funds.
- Bonnaroo 2012: Natasha Leggero Brings The Laughs At The Comedy Theatre; Special Set To Air On Comedy Central June 23
June 09 2012 6:24 PM
Missing out on Tennessee's hottest music and arts festival? Didn't wait on the long lines to get into the Comedy Theatre Tent? Fear not, because Comedy Central will be airing Thursday afternoon's stand-up comedy experience on June 23.