JPMorgan eyes growth despite deposit caps: Oppenheimer
JPMorgan Chase & Co is looking at growth opportunities through government-assisted acquisitions of troubled institutions, despite the obstacle posed by deposit caps, said Oppenheimer and Co analysts, who met JPMorgan's chief financial officer earlier this week.
Clayton Homes intros 30% more energy efficient iHouse
Clayton Homes, the largest manufacturer of modular homes in the U.S., officially introduced its i-house (or ihome) which is perhaps the most affordable option for a low-carbon lifestyle at the moment.
EU exec set to fine Intel on May 13
BRUSSELS, May 7 - The European Commission is set to rule next week that the world's largest chipmaker, Intel Corp (INTC.O), breached antitrust rules and will fine it and order changes to how it provides rebates, sources said on Thursday.
GM burns $10 billion in first quarter as deadline looms
General Motors Corp said it burned through $10.2 billion in the first quarter as it relied on a federal bailout to ride out a sharp decline in global sales that overwhelmed its cost-cutting efforts.
China Stirs a Pot of Gold
This week, based on indicators of improving Chinese manufacturing activity, commodity and stock markets surged in the Pacific Rim.
GE says $6 billion healthcare drive to cut costs
General Electric Co said on Thursday it plans to invest $6 billion by 2015 to help its healthcare customers cut costs, in a push the biggest U.S. conglomerate is calling Healthymagination.
All stress test banks are solvent: Bernanke
All of the top 19 U.S. banks undergoing stress tests to gauge their ability to outlast an even deeper recession are solvent, and the exam results should reassure markets that banks can continue lending, Federal Reserve Chairman Ben Bernanke said on Thursday.
Ericsson sees cost cuts completed in Q2 of 2010
ST-Ericsson expects its current efforts to cut costs to be completed by the end of the second quarter of 2010, according to Alain Dutheil, head of the venture of STMicroelectronics NV and Ericsson.
DuPont cuts another 2,000 jobs, takes charge
Chemicals maker DuPont Co said it would eliminate another 2,000 jobs as part of its cost-cutting plan as it tries to conserve cash and operate through the worst recession in decades.
Investors brace for stress test results
Investors braced for the release of bank stress test results that will separate the weak from the strong and force some top banks to raise billions of dollars in capital.
June ABS deals seen doubling under Fed's TALF
Growing demand, cheaper financing and wider participation are expected to double the volume of asset-backed securities issuance in the upcoming round of the Federal Reserve's TALF program in June.
For sale: tropical islands at recession-friendly prices
Dreaming of a tropical paradise to call your own? Several Australian islands off the Great Barrier Reef are on sale, and thanks to the global recession, they're cheaper than they used to be.
Obama budget keeps $250 billion placeholder for banks
The detailed version of President Barack Obama's budget unveiled on Thursday maintains a $250 billion placeholder for additional financial rescue efforts should that money be needed, an administration official told Reuters.
Sliding tech stocks drag Wall St lower
U.S. stocks fell on Thursday after analyst downgrades hit the telecom sector and investors booked profits in technology stocks, with enthusiasm also fading over results from bank stress tests.
US mortgage rates rise from record low-Freddie Mac
Interest rates on U.S. 30-year fixed-rate mortgages rose 0.06 percentage point in the latest week, according to a survey released on Thursday by home funding company Freddie Mac.
GM burns $10 billion in 1st quarter as deadline looms
General Motors Corp said it burned through $10.2 billion in the first quarter as it relied on a federal bailout to ride out a sharp decline in global sales that overwhelmed its cost-cutting efforts.
U.S. airlines see less traffic, fuller planes
U.S. airlines saw a steep decline in the number of passengers they carried in April, but planes were more full, a sign that steep capacity cuts may be serving their intended purpose.
Global survey finds European Muslims isolated
Muslims living in European countries feel far more isolated than those living in the United States, according to a survey on coexistence, with a lack of access to education and jobs reinforcing a sense of ostracism.
Pope visit boosts Jordanian site of Jesus baptism
When Pope Benedict stops to pray at a pool of still green water here on Sunday, his visit will bolster the case that Jesus was baptized at this spot on the east bank of the Jordan River.
GM could take stake in Fiat-Opel group: source
U.S. car maker General Motors Corp could take a stake in the company that would be created by merging its European car business with Fiat SpA's auto unit, a source close to the situation said on Thursday.
Israel-Palestinian talks must address core issues: Blair
Renewed peace talks between Israel and the Palestinians must tackle core issues including Jerusalem, Middle East envoy Tony Blair said, raising the specter of a clash with Prime Minister Benjamin Netanyahu.
U.S. envoy in China seeking North Korea strategy
The U.S. envoy for North Korea began a swing through Asia on Thursday to seek support from regional powers to rein in North Korea, which may be preparing to rattle security with a second nuclear test.
NEWSMAKER-Polman's plans uncover Unilever's upside
Unilever's new star Paul Polman added sparkle to its shares on Thursday by outlining his plans to reignite volume growth and change the way executives are rewarded at the underperforming consumer goods giant.
EU, church urge calm in Georgia after violence
The EU and Georgia's influential Orthodox Church leader urged political forces in the former Soviet republic to step back from the brink on Thursday after weeks of protests against the president flared into violence.
Suicide bomber kills 12 in southern Afghanistan
A suicide bomber on a motorbike struck a convoy of foreign troops in southern Afghanistan Thursday, killing 12 civilians and wounding 30 people, a provincial governor's spokesman said.
Mexico gets back to normal, China eases quarantine
Mexicans were returning to normal life on Thursday after a five-day business shutdown due to the H1N1 flu virus and China eased quarantine measures, but the virus spread slowly in Europe.
Thousands flee as Pakistani jets hit Swat
Pakistani aircraft pounded Taliban positions in the Swat valley on Thursday as thousands of people took advantage of a break in a curfew to flee from the region.
China says 5,335 children dead, missing from '08 quake
China on Thursday put the official number of dead and missing schoolchildren from last year's devastating Sichuan earthquake at 5,335, far lower than the number compiled from news reports at the time.
Putting It All Into Perspective
Tonight, instead of more charts that demonstrate an increasingly broken market, or links to mainstream media sources of exponentially diminishing value, I provide a selection
Obama seeks to double tax law enforcement budget
President Barack Obama proposed on Thursday nearly doubling funds to enforce U.S. tax laws next year, with an aim of more than quadrupling funding for tax compliance to $2.1 billion within five years.
