Archive for July 13th, 2009
Madoff on his way to the slammer
Madoff has left New York.
A big rally for stocks
Stocks surged Monday, with financial and consumer shares leading the advance, as investors welcomed an analysts’ improved outlook on Goldman Sachs one day ahead of its quarterly report.
Washington’s CIT riddle
A self-styled bridge between Wall Street and Main Street is showing some cracks. Now the question is whether Washington might try to shore it up.
Bonds slip as U.S. deficit surges
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Dollar recovers from 5-month low
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Uncle Sam is $1 trillion in the hole
The federal budget deficit increased in June as spending surged and tax receipts sunk, pushing the total budget shortfall to over $1 trillion in the first 9 months of the fiscal year, according to a government report released Monday.
Oil dips to 2-month low
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Gearing up on Honda stock
With consumer spending weak and America’s auto industry in shambles, automakers sure don’t hold a lot of investment appeal these days.
Keeping your senior staffers
With layoffs rampant, holding on to workers ought to be the least of a company’s worries — unless those employees are scientists and engineers. According to the National Science Foundation, nearly 40% of these skilled workers in the U.S. are more than 50 years old, and the pipeline of talent to replace them is shrinking. IHS Cambridge Energy Research Associates predicts a 7% to 11% shortage of experienced engineers in 2011. America is not alone; industrial powerhouses Germany and Japan face similar demographic challenges.
How Facebook employees can cash out
The Russian investment company Digital Sky Technologies has begun a tender offer to purchase up to $100 million of common stock from current and former Facebook employees, according to sources close to the company. The investment boutique has agreed to pay $14.77 per share, putting the valuation of the company at $6.5 billion.
