The great financial question confronting the American public lately has to do with their withered investment portfolios.
Is the Stock Market Cheap or Expensive?
Tag Archives: investment
Rio Tinto to China: Thanks, But No Thanks
Xiong Weiping, the chief executive officer of China’s largest aluminum company, Chinalco, spent the better part of the last four months doing something no other CEO of a state-owned Chinese company had ever done.
Despite Downturn, and Backlash, Illegal Immigrants Are Staying Put
Margarito has a decision to make: After more than a decade of living and working illegally in the U.S., is it time to go back home to Mexico? He and his wife lost their jobs recently .
Coke buys stake in ‘ethical’ drinks firm
Coca-Cola, the world’s largest soft drinks group, has bought a minority stake in Innocent, the British fruit drink and "smoothie" maker that boasts of its ethical stance. Innocent said on its Web site the U.S. firm had paid £30 million ($44 million) for a stake of “between 10 and 20 percent” to fund plans to expand in Europe.
Allied Irish Banks hit by $81M loans scam
Britain’s Serious Fraud Office and London police are investigating an alleged $81 million (£56 million) fraud on the corporate banking department of Allied Irish Banks (AIB). The SFO said it had searched a business and two residential addresses in London and believed AIB was not the only financial institution deceived by the suspects. It said that between 2003 and 2007 AIB, Ireland’s largest bank by market value, loaned money for the purchase of UK investment properties to companies controlled by an individual who was now the main suspect
Connecticut’s Chris Dodd Faces a Backyard Rebellion
In many respects, Senator Chris Dodd is more powerful than ever on Capitol Hill these days. After enduring eight years in the political wilderness, the Connecticut Democrat is one of his ascendant party’s senior statesmen, someone who endorsed Barack Obama early on in his presidential campaign and hails from a solidly blue state.
Bernie Madoff’s Victims: Why Some Have No Recourse
I know what to do with that $173 million in uncashed checks investigators found in Bernie Madoff’s desk drawer last week: send them to his feeder-fund customers. These people also could use the bling Bernie’s been secretly sending to friends. While the Securities Investor Protection Corp
How to Spot a Ponzi Con Artist? Follow the Yachts
With so many Ponzis and so little time to know if you’ve been hoodwinked, there are some red flags even the most trusting investors can bank on: yachts, mansions, jets and women. If your investment adviser is dabbling in any of the above, there’s a good chance you’ve been “Ponzi-ed” or are about to be. Creating the illusion of fantastic success, of course, is chapter one in the Scammer’s Handbook.
How Financial Stocks Could Be the Market’s Bright Spot
Here’s a scary fact to add to today’s gloomy stock-market headlines: bank stocks might actually be providing a boost to the market, even as it tumbles to new lows. By at least one measure, financial firms are making the bad earnings caused by the economy look a bit rosier. Late last week, Goldman Sachs cut its earnings expectations for the stocks in the Standard & Poor’s 500
Who’s Right: Buffett or Obama?
On reading Warren Buffett’s much-anticipated letter to Berkshire Hathaway’s shareholders, one can’t avoid being struck by his faith in the ability of the American people to overcome adversity and to move the nation forward.