By Jason Simpkins Central banks in the United States, Europe, Australia, Japan, and Canada were in damage-control model again on Friday. A total cash infusion of approximately $135.7 billion was added banking systems worldwide in the hope of pacifying a global credit crisis that appears to be getting far worse than many experts had expected. The […]
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ECB Bails Out Banks; Dow and Other Global Stock Indexes Plummet
By Jason Simpkins The credit mess that started as a slowdown in the U.S. housing industry, and then spread to the sub-prime mortgage market, morphed into a full-blown global credit crisis yesterday (Thursday), forcing the European Central Bank into action. Yesterday’s developments were no surprise to us, for we’ve been saying for months that the […]
Potential Battery Woes Reportedly Cause Toyota to Delay Hybrids
From Staff Reports Toyota Motor Corp. (NYSE: TM) has delayed the product launch dates of some proposed new high-mileage hybrid cars that will use lithium-ion battery technology. The Wall Street Journal said that major safety concerns relating to the new type of batteries was behind the decision. The decision is a blow to Toyota, whose […]
Cisco Results Point to Continued Online Profit Opportunities
From Staff Reports Projections of continued strong global growth combined with fourth-quarter results that leapfrogged analyst estimates were enough to send the shares of networking giant Cisco Systems Inc. (Nasdaq: CSCO) up nearly 7% yesterday (Wednesday). "We're at the right time with the right products. And the economy, from my perspective, on a global basis […]
French Bank Illustrates How Credit Worries are Going Global
After credit fears caused them to tumble to a record low on Friday, shares of No. 4 French Bank Natixis SA (EPA: KN) posted a record gain of more than 6.1% yesterday (Monday)
Wild Ride in Global Stocks Underscores Worldwide Investor Worries
U.S. stocks posted their biggest gain in almost five years yesterday (Monday) – despite yet another volatile trading session
ADA-ES Sets the Stage for the World's Largest Activated Carbon Plant
By Jason Simpkins A subsidiary of ADA-ES Inc. (NASDAQ:ADES), a leader in environmental technology, is out to slash air pollution – and in a big way. So big, in fact, that the company is planning to build the world’s biggest plant for producing activated carbon, a substance that allows coal-fired power plants to operate more […]
Belarus Assuages EU Fears; Agrees To Pay Part of Gazprom Debt
By Jason Simpkins Belarus eased some of the tensions with Russian oil-and-gas giant, Gazprom, Friday, by paying off part of its debt. Belarus has reportedly paid $190 million of its $456 million dept to Gazprom. The deal was a source of major relief throughout the European Union. The Gazprom-Belarus disagreement started over a supply contract negotiated […]
Total and Imperial Oil Companies Report Decline In Profit, While Shell Sells Assets
By Jason Simpkins Two international oil companies yesterday (Thursday) reported a drop in second-quarter profits, while a third announced it was selling assets. French energy company Total (NYSE: TOT) reported a slight drop in second quarter profits. Net income fell to $4.66 billion, a 1% decline from the $4.7 billion taken in a year ago. Shares of […]
Two Bear Stearns Hedge Funds Declare Bankruptcy, a Third Freezes Assets
By Jason Simpkins Two Bear Stearns Cos. hedge funds filed for bankruptcy Wednesday while another froze its assets. The Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd. and the Bear Stearns High-Grad Structured Credit Strategies Enhanced Leverage Master Fund Ltd. have filed for protection under Chapter 15 of the bankruptcy code. It became evident […]