Latest News

  • 06/29/2012 Chrysler Fiat 500 sales grow this year:  Fiat 500 sales are expected to reach 20,000 in the United States by the end of June, according to a report from the Detroit Free Press.
  • 06/29/2012 Citigroup to focus on internal hedge fund:  Citigroup has responded to its portfolio dropping 14 percent last year by moving Ramakrishna Putcha, a former proprietary trader, into an internal hedge funds with the ability to bet with roughly $200 million of the firm's assets, according to Bloomberg.
  • 06/28/2012 News Corp. to split:  News Corp. recently announced plans to split up into two publicly traded entities that will be focused on entertainment and publishing.
  • 06/28/2012 JPMorgan Chase slides, brings S and P down with it:  A June 28 report from Bloomberg reveals that JPMorgan Chase and Company's stock dropped by more than 6 percent in New York trading following a New York Times report
  • 06/27/2012 New car sales steady in June:  New data analysis from Kelley Blue Book on the state of new car sales in June found that they remained steady at a 13.9 million seasonally adjusted annual rate.
  • 06/27/2012 Housing starts rise:  New data analysis reveals that the housing market may be in store for more good news.
  • 06/27/2012 Consumers foregoing emergency savings funds:  U.S. consumers are seeing their savings accounts dwindle, due in part to their spending and investing activities.
  • 06/26/2012 Economists predict status of future housing market:  A new report on the attitudes and insight from some of the nation's leading economists revealed a general consensus that home prices will reach rock bottom by 2013 and that the homeownership rate could drop even further.
  • 06/26/2012 Economy shows signs of sluggishness:  A new report from Reuters that cites economic data reveals that a number of factors are working against the recovery from the Great Recession.
  • 06/26/2012 Mega stock exchange mergers expected to return:  A recent report from The Wall Street Journal reveals that significant mergers in the stock exchange may see a comeback over the next several years.
  • 06/26/2012 Porsche, VW continue on despite halted merger:  Despite the stalled merger between Porsche and Volkswagen, both companies have decided to continue with tighter manufacturing links that could save hundreds of millions of euros each year, according to a recent Reuters report.
  • 06/25/2012 Housing sales constrained in May; prices rise:  The housing market continues to ebb and flow and have positive and negative consequences for the economy as a whole.
  • 06/25/2012 Possible Fed actions to solve economic woes outlined:  A new report from CNNMoney highlights the various struggles surrounding the U.S. economy and details what the U.S. Federal Reserve can do to help matters.
  • 06/22/2012 American Airlines unions pursuing merger:  According to a recent report from the Fort Worth Star-Telegram, leaders of the three major unions at American Airlines announced they support a possible bid by US Airways that would merge the two companies.
  • 06/22/2012 European leaders propose plan to resolve euro debt crisis:  In a move that could have far-reaching effects on the global economy and stock markets, German Chancellor Angela Merkel has agreed with leaders in France, Italy and Spain on an outline that would drive economic growth moving forward, according to Bloomberg.
  • 06/20/2012 New merger to create fourth-largest traditional outdoor advertising company in US:  ACON Investments, a Washington, D.C.-based private equity investment firm, along with MidOcean Partners, a leading private equity firm based in New York, recently announced they have merged their portfolio companies,
  • 06/19/2012 Housing report shows increase in prices, sales:  In judging the pulse of the U.S. housing market, technology-powered real estate broker Redfin released its Real-Time Price Tracker for May 2012, which showed an annual price gain of 2.2 percent as well as an increase in sales of 7.4 percent compared with the same time last year.
  • 06/18/2012 Kelley Blue Book on auto sales, growth in June:  Kelley Blue Book, a top provider of new and used car information, recently reported on what it expects for the auto industry and markets as a whole in June.
  • 06/14/2012 Chesapeake Energy Corporation holds annual shareholder meeting:  Chesapeake Energy Corporation, the second largest producer of natural gas in the country, recently announced the preliminary voting results from its annual shareholder meeting.
  • 06/13/2012 NAHB reports new metro areas added to improving housing markets list:  A new report from the National Association of Home Builders reveals that 80 metro areas in the United States are listed as improving housing markets for June.
  • 06/13/2012 Bazi, GT Beverage merger planned for October 15:  Bazi International, a provider of health energy shots designed to promote overall physical health, recently announced it has entered into a merger agreement with GT Beverage Company.
  • 06/12/2012 Goldman Sachs executive predicts trouble for economy in short term:  In a recent interview with MSNBC, Lloyd Blankfein, the chief executive officer of Goldman Sachs Group, predicts the U.S. economy may tumble further over the next few months.
  • 06/11/2012 Energy company mergers see positive development:  Duke Energy, one of the largest electric power holding companies in the United States, along with Progress Energy, a Fortune 500 energy company, are considering the Federal Energy Regulatory Commission's conditional merger orders' positive developments.
  • 06/11/2012 American Airlines not currently seeking merger:  With American Airlines planning to exit bankruptcy by the end of 2012, its CEO is remaining focused on what's ahead and not pursuing a merger.
  • 06/08/2012 Bernanke comments on economy, Fed involvement:  Although less-than-optimistic job growth figures have led some economists to believe another round of federal stimulus was on the way, Federal Reserve chairman Ben Bernanke announced there will be no imminent steps to help the economy.
  • 06/08/2012 S and P 500 on the verge of its best week in 2012:  U.S. stocks rose to start the day Friday, sending the Standard and Poor's 500 Index to what could be its best week so far this year, according to a report from Bloomberg.
  • 06/07/2012 Consumer confidence in economy reaches all-time high:  The results of a new report on consumer sentiment and confidence reveals that Americans are adopting a "wait and see" attitude that could be attributed to slowing job growth and flattening macro trends.
  • 06/06/2012 New mergers announced:  Dreams, a multi-channel retailer that specializes in licensed sports products, recently announced its shareholders have voted to approve a merger with Fanatics and Sweet Tooth Acquisition Corporation.
  • 06/06/2012 Warren Buffett doesn't think US economy will dip into another recession:  In a June 5 gathering of economists in Washington, Warren Buffett said that it is unlikely the U.S. economy will be affected by another recession, according to CNNMoney.
  • 06/05/2012 Deloitte survey reveals US debt crisis could be worse than some think:  The results of a new survey from Deloitte reveals that the impact of the debt crisis in the United States could be more severe than some experts think.
  • 06/05/2012 Honda sales figures impressive for May:  A new report from American Honda reveals the car company had an impressive sales month in May.
  • 06/04/2012 Major automakers report staggering sales figures for May:  Automakers around the world recently released their May sales numbers, which as a whole shine a positive light on the state of the auto industry.
  • 06/01/2012 Chrysler posts impressive May in terms of sales:  A recent report from the Chrysler Group reveals that sales in the United States for May 2012 climbed 30 percent, making it the best May in five years in terms of sales.

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