Sales of Existing Homes Drop for Third Straight Month to Slowest Pace in 4 Years; Prices Down
WASHINGTON (AP) — Sales of existing homes fell for a third straight month in May, dropping to the lowest level in four years as the median sales price declined for a record 10th consecutive month.
In a troubling sign for [...]
Financial economists have differing views on many matters. Those same financial economists do, however, almost universally agree upon one concept: the validity of what is called the weak form of the efficient market hypothesis, or, as it was initially called, the random walk hypothesis. According to this [...]
All but the wealthiest readers will have noticed by now that food costs have risen this year. In May grocery prices were 4.4% higher than they were the previous May. If 4.4% doesn’t sound like much–you spend $104.40 now for a cartful that was $100 a year ago–it’s a huge deal to [...]
AP IMPACT: Millions Opt to Do Without Bank Accounts, Citing Cost, Confusion, Mistrust
WASHINGTON (AP) — Grandma stuffing money under the mattress isn’t the only one living outside the banking system.
As many as 28 million people in the United States are forgoing traditional financial institutions because of mistrust, cultural and language barriers or a belief that [...]
The following companies as high potential, Future Bulls: Dhanoa Minerals Ltd (OTC BB: DHNA), General Metals Corporation (OTC BB: GNLM) and Hidalgo Mining Intl (Pink Sheets: HMIT)
Dhanoa Minerals Ltd (OTC BB: DHNA, http://finance.yahoo.com/q?s=DHNA.OB)
Dhanoa Minerals Workforce Grows to 180 Miners to Increase Production of Gold and Silver More Workers in the Mines Translate into Increased Production
June [...]
Wal-Mart is reaching out to people who do not have traditional bank accounts with its new prepaid Visa debit card and improved check-cashing services.
Wal-Mart
Wal-Mart doesn’t just want you to buy gas and groceries at its superstores these days. Now it wants your entire paycheck.
On Wednesday, the nation’s largest retailer unveiled plans to [...]
Takeover offers are generally made in one of three ways. In the simplest type of offer, the would-be acquirer proposes to pay a specific amount of cash for each target share. WIth such a cash offer, you can easily calculate the profit potential. If $25 [...]
www.GuangzhouGlbalTelecom.com
Company: Guangzhou Global Telecom, Inc.
Exchange: [...]
WASHINGTON, June 19 — Microsoft has agreed to make changes to its Windows Vista operating system in response to a complaint by Google that a feature of Vista is anticompetitive, lawyers involved in the case said on Tuesday.
The settlement, reached in recent days by state prosecutors, the Justice Department and [...]
Should Yahoo stop trying to beat Google at its own game? Should it step up the pace and grow even larger through mergers and acquisitions?
As Jerry Yang takes over as Yahoo’s chief executive, all eyes are on the next steps that Mr. Yang, the company’s co-founder, untested as a top executive, [...]
It was certainly fun while it lasted. Terry Semel’s six-year ride atop Yahoo! juiced up the company’s annual revenue nine-fold and added $30 billion to its net worth. As Yahoo rose under his watch, AOL sank. But when you compete against the godzilla that is Google, even modest slip-ups can cost you [...]
When you write about technology, you see a lot of demos, demo being the industry term for when an executive demonstrates a new product for an audience, usually with the aid of a nervous tech-support guy. Under the emotional stress of the moment, the product quite often vomits data and dies. But [...]
(NEW YORK)—Without any sort of fanfare, AT&T Inc. has started offering a broadband Internet service for $10 a month, half the price of its cheapest advertised plan. The DSL, or digital subscriber line, plan introduced Saturday is part of the concessions made by AT&T to the Federal Communications Commission to get [...]
LONDON, June 19 — Cadbury Schweppes, the biggest candy maker in the world, said today that it planned to cut 7,500 jobs and sell the United States beverage unit that made Dr Pepper, Snapple and 7-Up to become more profitable.
Cadbury, which makes Trident gum and Dairy Milk chocolate, said it had [...]
Bankruptcy investors seek to take advantage of the opportunities created by what they believe to be too much pessimism in the corner of the marketplace where they operate. Other types of investors rely on the market’s optimism. One such specialized area of investing called risk arbitrage involves [...]
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