WASHINGTON (MarketWatch) -- The Treasury Department is underestimating the costs of key parts of the government's $700 billion bank-bailout program and is failing to require recipients of taxpayer funds to show how they're using the money, according to a key inspector general overseeing the...
UPS said Thursday that first-quarter net income fell 56% to $401 million, or 40 cents a share from $906 million, or 87 cents a share in the year-ago period. Adjusted net income for the latest period totaled 52 cents a share. The Atlanta-based delivery giant said revenue dipped 13.7% to $10.9...
NEW YORK (MarketWatch) -- Most of the largest U.S. banks will have enough capital to withstand an unemployment rate of 10%, but their viability without more capital-raising is questionable above that level, according to a "stress test" of several large banks released Wednesday by FBR Capital...
Industrial orders in the euro area declined 34.5 percent from the year-earlier month, after a revised 34.3 percent drop in January, the European Unionâs statistics office in Luxembourg said today. The February drop is the seventh straight decline and the largest since the data series began in...
April 23 (Bloomberg) -- European industrial orders fell the most in at least 13 years in February as the worldwide economic slump lowered demand for factory equipment and metals.
Industrial orders in the euro area declined 34.5 percent from the year-earlier month, after a revised 34.3 percent...
Die Rezession dauert lange und wird teuer
http://www.handelsblatt.com/politik/konjunktur-nachrichten/die-rezession-dauert-lange-und-wird-teuer;2249700
Nach dem Einbruch im vierten Quartal dürfte sich der Rückgang der Ausfuhren zu Jahresbeginn sogar "noch verstärkt haben". Die...
1. Mazda Domestic Output Plunges 57.2% In March
2. Honda Domestic Output Tumbles 40.3% In March
3. Nissan Domestic Output Falls 55.6% In March
The worst is over
Nomura Holdings Inc. is expected to report a record 700 billion yen ($7.15 billion) net loss for the fiscal year ended March 31, according to a Nikkei newspaper report Wednesday.
The firm's largest-ever loss is due partly to the burden of taking over some of the operations of failed Wall...
BERLIN, April 22 (Reuters) - Leading economic institutes expect the Germany economy to contract by 6 percent this year and by 0.5 percent next year, sources familiar with the projections told Reuters on Wednesday.
The sources also said the institute, which officially present their latest...
Federal Reserve Chairman Ben Bernanke and then-Treasury Department chief Henry Paulson pressured Bank of America Corp. to not discuss its increasingly troubled plan to buy Merrill Lynch & Co. -- a deal that later triggered a government bailout of BofA -- according to testimony by Kenneth Lewis...
April 23 (Bloomberg) -- Credit Suisse Group AG, the biggest Swiss bank by market value, returned to profit in the first quarter, helped by a recovery at its securities unit.
Net income was 2 billion Swiss francs ($1.7 billion), compared with a 2.15 billion-franc loss in the year-earlier...
I know,I hope, I sweat, I pray, I imagine, I dream a "trend" will follow, every 1min, 5min, 10 min, 15 min, 30 min, 60 min, 240 min timeframe ! :D :) :p :cool:
Commentary by Jonathan Weil
April 16 (Bloomberg) -- Wells Fargo & Co. stunned the world last week by proclaiming it had just finished its most profitable quarter ever. This will go down as the moment when lots of investors decided it was safe again to place blind faith in a big bank's...
DETROIT â Two people briefed on the plan say General Motors Corp. will close most of its U.S. factories for up to nine weeks this summer because of slumping sales and growing inventories of unsold vehicles.
The people did not know exactly when the shutdowns would occur, but both say they...