Hot finance and business news.
Shares in embattled bank Dexia plummeted 33 percent when they resumed trading Monday after the lender became the first major victim of a worsening credit squeeze in Europe.
Shares slid to 0.57 euro Monday afternoon in Brussels. They had been suspended Thursday as governments in Belgium, Luxembourg and France were figuring out how to save the […]
Filed under: Uncategorized, mortgage by Finance Boss
Comments Off
The leaders of Germany and France, the eurozone’s two biggest economies, say they have reached agreement on strengthening Europe’s shaky banking sector.
German Chancellor Angela Merkel says she and French President Nicolas Sarkozy “are determined to do the necessary to ensure the recapitalization of Europe’s banks.”
Merkel spoke after talks with Sarkozy at Berlin’s chancellery Sunday aimed […]
Meg Whitman, eBay’s former chief executive, was named Thursday to lead Hewlett-Packard, the company said.
She replaces Leo Apotheker, the company’s chief executive, after only 11 months on the job. He is also stepping down as a director.
But Apotheker’s strategy, including consideration of spinning off H-P’s personal computer business from other parts of the company, will […]
Filed under: Small Business, mortgage by Finance Boss
Comments Off
What can building owners do to stretch their capital budgets?
Many organizations, both public and private, have experienced decreased funding over the past few years due to the many factors stemming from the bad economy. It is important to know there are ways to reduce costs when undertaking construction projects, regardless of whether it is a […]
Shares in Swedish Automobile, the owner of struggling car maker Saab, have plummeted after it postponed the release of its earnings figures for the first six months of the year, saying the report has yet to be completed.
In a brief two-line statement Friday, the Zeewolde-headquartered Dutch company said the results would be delayed by five […]
Filed under: mortgage, technology by Finance Boss
Comments Off
The deal reached by Congress to raise the debt ceiling and cut more than $2 trillion in public spending should have only a minor impact on the economy for the next two years.
Almost all the cuts would be made in 2014 or beyond. The approach heeds a warning by Federal Reserve Chairman Ben Bernanke and […]
Filed under: economics, mortgage by Finance Boss
Comments Off
James Murdoch has been contradicted over testimony in which he claimed to have been unaware of a critical piece of evidence in Britain’s phone hacking scandal.
Murdoch was quizzed by parliamentarians earlier this week over an email dating back several years which suggested that other journalists at his company were involved in the campaign of illegal […]
Mexican pension funds are stepping up their purchases of longer-maturity bonds at the fastest pace since December as inflation holds near a five-year low.
Pensioners, the second-largest fixed-income investors in the country, boosted their holdings of fixed-rate bonds due in more than 10 years by 4.3 percent to 182.4 billion pesos ($15.7 billion) in April […]