Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
EADS sees no financial hit from U.S. tanker loss »
EADS sees no financial hit from U.S. tanker loss
(Reuters) – The apparent loss this week of a U.S. in-flight refueling tanker contract worth up to $50 billion will not affect EADS’s (
EAD.PA
) finances, the European aerospace group’s chief executive said on Thursday.
On Monday EADS’s U.S. partner Northrop Grumman (
NOC.N
) [...]
Geithner urges reform on housing finance market »
(Reuters) – Treasury Secretary Timothy Geithner said on Wednesday that “fundamental reform” of the government’s role in the housing finance market is needed and it will be next year before proposals are ready for Congress.
He told a House of Representatives appropriations subcommittee that principles to guide reform of mortgage finance leaders Fannie Mae and [...]
Asia stocks dip on China tightening fears, yen up »
Asia stocks dip on China tightening fears, yen up
(Reuters) – Asian stocks fell on Thursday as investors worried strong loan growth and quickening inflation in China would spur Beijing to tighten monetary policy sooner than expected, while the yen rebounded against major currencies.
European equities were set track Asia lower, with financial spreadbetters expecting [...]
Markets little changed after recent rally »
(Reuters) – Stocks were flat in early trading on Monday after a rally last week that saw the Nasdaq close at an 18-month high after encouraging jobs data.
AIG.N
) rose 6.6 percent to $29.95 after it agreed to sell its Alico foreign life insurance unit to MetLife Inc (
MET.N
) for about $15.5 [...]
MetLife buying AIG’s Alico unit for $15.5 billion »
MetLife buying AIG’s Alico unit for $15.5 billion
AIG.N
MET.N
) for about $15.5 billion, its second major asset sale in a week as it raises funds to repay a $182.3 billion U.S. government bailout.
MetLife said on Monday that it would pay AIG $6.8 billion in cash and about $8.7 billion in equity for [...]
China banks absorbed $170 billion FX swaps in ‘09: report »
Chinese commercial banks absorbed about $170 billion in foreign exchange from the financial system last year, mainly through yuan-dollar swaps, state media on Wednesday cited a former official as saying.
The Shanghai Securities News cited Xu Shanda, former deputy head of the State Administration of Taxation, as saying that the State Administration of Foreign Exchange [...]
Apple sues HTC over phones with Google software »
Apple Inc sued Taiwan’s HTC Corp, which makes touchscreen smartphones using Google software, accusing it of infringing 20 hardware and software patents related to the iPhone.
Even though the suit did not name Google Inc as a defendant, Apple’s move was viewed by many analysts as proxy for an attack on the Internet company, whose [...]
FDIC’s Bair blasts Wall Street’s values on pay »
An outspoken U.S. bank regulator on Tuesday rebuked Wall Street firms for only paring huge bonuses after a public outcry, saying she wished they had a better “propriety compass.”
Sheila Bair, chairman of the Federal Deposit Insurance Corp, said executives and traders at big financial firms need to get a better sense of values and [...]
Volcker sees no threat to dollar as reserve currency »
Paul Volcker, the former Federal Reserve chairman who is advising the Obama administration, said the U.S. dollar’s role as the world’s reserve currency is likely not in jeopardy, but warned central bankers to keep a close eye on inflation.
Volcker made the comments about the dollar while speaking CLSA’s AsiaUSA Forum in San Francisco, according [...]
Sterling under pressure; world stocks rise »
The pound came under further pressure on Tuesday, battered by political worries and engorged public finances, while global equities stayed relatively buoyant.
Euro zone government bond prices slipped with traders waiting for the next developments in Greece’s debt crisis, likely to come after a cabinet meeting on Wednesday.
World stocks as measured by MSCI .MIWD00000PUS [...]