Articles by Nish Amarnath
- The Fed Is Yielding To The Government, Killing Private Businesses, Analysts Warn
June 27 2012 6:08 PM
The Federal Reserve is charting a course for more stringent capital reserve requirements for the largest banking institutions in the U.S., in line with new international rules representing the Basel III accord.
- Exxon Mobil CEO Says Global Warming Manageable
June 27 2012 3:49 PM
Exxon Mobil Corp. (NYSE: XON) CEO Rex Tillerson assured a New York City audience Wednesday of the world's ability to manage the effects of global warming, The Associated Press reported.
- Barclays Settles Claims For $453M In Interest Rate Scandal
June 27 2012 3:48 PM
Barclays Plc (NYSE: BCS) agreed Wednesday to pay $453 million in fines to settle claims made by U.S. and UK. bank regulators and law enforcement agencies for the bank's alleged involvement in a scheme to manipulate two global benchmark interest rates.
- Curt Schilling's Downfall; Investors Call His 38 Studios A Ponzi Scheme
June 25 2012 6:18 PM
Curt Schilling plummeted from riches to rags when his video-game outfit, 38 Studios, filed for Chapter 7 bankruptcy on June 7. The company's failure to raise funds from external investors crushed its cash flow, costing about 400 jobs and $75 million from taxpayers thanks to a loan guarantee from Rhode Island last year.
- Election of Muslim Brotherhood's Morsi Will Likely Improve Egypt?s Finances
June 25 2012 1:18 PM
With the victory of the Muslim Brotherhood candidate in Egypt's presidential runoff, the world's largest Arab nation appears set not just for a transition to democracy but also for economic growth, Egyptian officials said Monday after the election results were announced.
- Is AmazonSupply A Threat To Traditional Industrial Distributors?
June 22 2012 10:47 PM
The Amazon.com Inc. launch of AmazonSupply in April indicates the shift to online from offline commerce continues apace among industrial consumers, which increasingly prefer to buy goods electronically.
- GM Recalling 2011, 2012 Cruzes
June 22 2012 2:38 PM
General Motors Co. (NYSE: GM) will recall 413,418 Chevrolet Cruze cars manufacturered over the last two years, to alter the engine shield under the vehicles, the No.1 U.S. automaker said Friday.
- US Stocks Plunge On Goldman Sachs Advice
June 21 2012 3:43 PM
U.S stock indexes plunged Thursday after investment bank Goldman Sachs advised clients to bet on the S&P 500 falling about 4 percent and gloomy economic news from the U.S., China and the euro zone.
- Is Europe Making Japan Unsafe For US Investors?
June 21 2012 11:37 AM
Japan's gaping trade shortfall with the EU could exacerbate its fiscal woes by worsening its debt situation and subjecting Japanese government bonds to rising yields in the face of mounting market fears and increasing skepticism among U.S investors.
- RBI Rate Decision Pressures Delhi For Fiscal Action
June 18 2012 2:31 PM
The surprise decision Monday by the Reserve Bank of India to hold its interest rate steady because of inflation concerns puts fresh pressure on the ruling Congress Party to find a fiscal solution to the country's flagging economy.
- Weakening Demand In Europe And China Takes Toll On US Manufacturing Jobs
June 15 2012 8:56 PM
There are fresh signs the U.S. economy may be caught in a storm fed by a floundering Europe and a slackening China. Weakening demand in both regions appears to be taking a toll on U.S. manufacturing, already the locus of a contracting workforce.
- Long-Term Unemployment, Increasing Poverty Plague UK
June 15 2012 3:55 PM
A tight squeeze on salaries of full-time employees, along with spending cuts and burgeoning levels of part-time employment and long-term unemployment, offsets the decline in overall unemployment, leading to a rise in the number of poor Britons.