Most interesting finance and busines news.
Why do CEOs need extravagant perks even when they are firing staff and pleading for taxpayer bailouts? It may just be in their makeup, experts say.
It takes arrogance and narcissism to become leader of a Fortune 500 company. Those same traits, however, have become their undoing during the deepest recession in decades.
U.S. President Barack […]
Filed under: technology by Guru
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Everyone knows that the economy was in sad shape during the final three months of 2008. On Friday, we’ll find out just how bad the fourth quarter was.
That day, the Commerce Department will release its first reading on the nation’s gross domestic product, the broadest look at economic activity, for the quarter. Economists […]
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Vietnam’s central bank cut the benchmark interest rate to 7 percent as the government struggles to buoy an economy which expanded at the slowest pace in almost a decade last year amid the global financial crisis.
The State Bank of Vietnam reduced the key rate from 8.5 percent, effective Feb. 1, according to an […]
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While wealthy investors are the principal victims of Bernard Madoff’s alleged $50 billion fraud, less affluent investors were also hit via products with lower minimum-investment thresholds, asset managers said.
By the time of the Madoff collapse some products were available giving indirect access where the minimum investment was far lower than that required to invest […]
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Kellogg Company announced Wednesday it is recommending that consumers not eat some of its peanut butter crackers because they may be tainted with salmonella.
The products affected are Austin- and Keebler-branded toasted peanut butter sandwich crackers, peanut butter and jelly sandwich crackers, cheese and peanut butter sandwich crackers, and peanut butter-chocolate sandwich crackers, the Michigan-based […]
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While the U.S. government looks set to run a $1 trillion budget deficit, its main creditors in Asia probably won’t be in a position to shut off the lending spigot this year.
Investors of late have started worrying about a run on the dollar in 2009 if big buyers of U.S. public debt, such as […]
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The biggest U.S. banks may face the threat of lower profits or pressure to break up under greater regulation following the financial crisis.
Federal Reserve officials have made tackling the issue of firms that are too big to fail a priority. Options may include banning or restricting activities that could threaten the stability of […]
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European investor confidence increased for the first time in seven months in January, rebounding from a record low on interest-rate cuts and government measures to stimulate the economy.
An index measuring euro-region sentiment rose to minus 34.4 from minus 42.3 in December, the steepest increase since August 2005, when the announcement of early German […]
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