INVESTMENT

Line drawn in stocks' battle

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The S&P 500's 200-day moving average is the line in the sand as the bulls and the bears fight over the U.S. stock market's direction. It will face one of its stiffest tests next week with Greece's debt crisis appearing to reach a climax.
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Traders work on the floor of the New York Stock Exchange, June 7, 2011.

Depression? No. Depressed? Yes!

Yesterday, a highly valued client of ours posed this question to us: ”Do you think that we are headed towards a depression?” It is not clear to me what event triggered the question, but my answer was a resounding “No”.
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Wealthy are less bullish than their advisers

Millionaires are less optimistic about the U.S. economy than their financial advisers and are taking a more cautious approach in their investments, Fidelity Investments said on Thursday.
Visitors watch a presentation about cloud computing at an IBM booth

Nearly 28 pct American firms using cloud computing

Illinois based computer hardware and software supplier, in a poll conducted last month, confirmed that nearly 28 percent of all US organizations are using cloud computing and another 73 percent reported that their first access to cloud was through a single cloud application
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Blackstone sued over 2007 Extended Stay buyout

Blackstone Group LP was sued for allegedly siphoning $2.1 billion from Extended Stay America Inc when it sold the hotel chain in a leveraged buyout that preceded its bankruptcy, according to court documents.
The Benevolent Dictator

5 Common sense must-have tips for your business

There's still no app for good old-fashioned common sense, that is something no one in business can afford to be without, says Michael Feuer, cofounder and former CEO of OfficeMax and author of the new book The Benevolent Dictator: Empower Your Employees, Build Your Business, and Outwit the Competition.

The IPO bubble

An Initial Public Offering (or IPO) is for most early-stage Venture Capital investors the most crucial and last stop on their path to producing a healthy multiple in return for the early support of the vision of a single company.
GM to invest $20 mln in Kansas Assembly Plant

GM to invest $20 mln in Kansas Assembly Plant

General Motors will invest $20 million in machinery and equipment for its Fairfax Assembly plant to add future technologies and improvements of the Buick LaCrosse including eAssist of a light electrification technology that will boost highway fuel economy by 25 percent over the current model.

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