Greek Banks to Merge
ATHENS—Two of Greece's largest lenders, Alpha Bank SA and EFG Eurobank Ergasias SA, Monday announced plans for an estimated €7 billion ($10.15 billion) tie-up that would create the country's largest…
Obama to Tap Krueger as Top Economist
President Barack Obama on Monday plans to nominate Princeton University's Alan Krueger to be chairman of the White House Council of Economic Advisers, a White House official said. If confirmed by the…
What a week! My prediction for next week.
The nay sayers, glass half -empty, perma-bears, and high frequency traders did their best to crack my resolve. But beware, when you live out West with three ski resorts out your deck, highs in the…
Analysis: "Safe haven" assets start to look risky - Yahoo! Finance
Analysis: "Safe haven" assets start to look risky tA bank clerk removes 200 Swiss franc banknotes out of a money counter in a bank in Zurich August 16, 2011. REUTERS/Arnd Wiegmann On Friday August…
Can Apple Be Apple Without Jobs?
Wednesday evening's announcement from Apple (Nasdaq:AAPL) that CEOSteve Jobs was resigning could hardly be called a surprise, but it will certainly accelerate a transition process that has been…
Markets Await Bernanke's Jackson Hole Fed Meeting Remarks
For one weekend every year, the economic world turns its watchful eyes away from New York and Washington and to Jackson Hole, Wyo. This weekend, the Kansas City Federal Reserve will again host the…
Buffett’s Berkshire to Invest $5 Billion in Bank of America
Aug. 25 (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. agreed to invest $5 billion in Bank of America Corp., aiding a lender hobbled by costs tied to subprime mortgages. Buffett’s company…
Treasuries Advance as Report Shows U.S. Jobless Claims Rose
Aug. 25 (Bloomberg) -- Treasuries rose as a government report showed initial jobless claims unexpectedly increased last week, fueling concern the economic recovery is slowing and stoking demand for…