July 26th, 2010
If you’re looking to get in on the China growth train, be prepared to stomach the near-term risk.
The Shanghai Composite is down 22% year-to-date with much of the selloff attributed to worries about China’s economy overheating.
However, last week’s news that China’s economy is still growing super-fast — but just a pinch more slowly […]
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June 25th, 2010
Anadarko Petroleum, a minority partner in the ruptured well in the Gulf of Mexico, blamed BP for "reckless" behavior, seeking to distance itself from the worst oil spill in US history.
"The mounting evidence clearly demonstrates that this tragedy was preventable and the direct result of BP’s reckless decisions and actions," Anadarko chief executive […]
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May 14th, 2010
Fiat-Chrysler CEO Sergio Marchionne must have gotten tired of all those questions about Chrysler’s empty product pipeline.
Because in a conference call with analysts and the media this week, he laid out Chrysler’s launch schedule for the rest of 2010 and dropped some hints about 2011.
If the pipeline isn’t exactly gushing, it is pumping a […]
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April 18th, 2010
Evidence continues to mount that the mortgage crisis may be easing.
The number of houses facing foreclosure in the St. Louis region dropped to its lowest level in at least two years in the first quarter, according to numbers out today from RealtyTrac.
While still high by historic standards, the number of St. Louis-area […]
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February 28th, 2010
Despite lower revenue due to sharply lower commodity prices and power generation nationwide, Calpine Corp. on Thursday said it had reduced its losses in the fourth quarter of 2009 compared to the year-earlier period.
Houston-based Calpine (NYSE: CPN) reported a net loss of $43 million, or 9 cents a share, for the three months ended Dec. […]
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February 17th, 2010
First, the good news: Foreclosure filings dropped nearly 10% between December and January.
That’s a total of 315,716 notices compared to 349,519 in December, according to RealtyTrac, which issues a monthly report on foreclosure activity.
Now, the bad news: Filings rose 15% compared to a year ago, and the number of people who actually had […]
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December 27th, 2009
After months of relative silence, sovereign wealth funds, the huge, state-owned vehicles that export-rich countries use to invest their reserves, are on the prowl again.
"[Funds] are researching deals and trying to get things lined up," says R.P. Eddy, CEO of Ergo, a research firm that advises some of the world’s biggest sovereign wealth […]
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November 28th, 2009
The hamsters are fake, with a coating of fuzz over a mechanized chassis and a small sound system. But when it comes to creating intense desire among kids — and desperation among shopping parents — Zhu Zhu Pets are the real deal.
When the Post-Dispatch profiled the electronic rodents eight weeks ago, toymaker […]
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November 17th, 2009
Waiting for investors to slam the brakes on runaway executive pay? Don’t hold your breath. Although Congress may give shareholders more of a say on pay soon, big money managers seem content to keep their mouths shut.
Senate Banking Committee Chairman Chris Dodd, D.-Conn., unveiled a financial reform plan this month that would give […]
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November 6th, 2009
Two market operators, Nasdaq OMX and Deutsche Boerse, reported profit drops on Thursday, partly reflecting the price war between traditional players and younger challengers for market share and increasingly narrow margins.
Nasdaq OMX, which runs the U.S.-based Nasdaq Stock Market and venues in Nordic countries, said diluted earnings dropped 18 percent, while Deutsche Boerse, which […]
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