By Herbert Lash NEW YORK (Reuters) – U.S. stocks and the euro slid on Wednesday on news that some Greek banks face emergency funding needs, while minutes from the Federal Reserve’s April meeting showed U.S. economic prospects remain sobering. The European Central Bank stopped funding operations for some Greek banks as they are undercapitalized, the [...]
2012Fri27Apr
MetroPCS announces Q1 2012 results: total revenues up, new subscriber growth shrinks
Filed in heightenedRegional network MetroPCS has announced total revenues of approximately $1.3 billion for Q1 2012, up from $1.2 bilion in the last quarter and up seven percent from the same period in 2011. Users on contract now total 9.5 million, with 16 percent of them making the move across to a smartphone. Net income has, however, [...]
BERLIN/PARIS (Reuters) ? Germany’s economy contracted slightly in the fourth quarter but both it and France, which eked out anemic growth, performed better than forecast suggesting the euro zone may skirt a recession even though its high debtors remain deep in the mire. German gross domestic product contracted 0.2 percent, a slowdown from upwardly revised [...]
By RAF CASERT Associated Press Associated Press Sports updated 11:17 a.m. ET Feb. 14, 2012 BRUSSELS (AP) -The furious activity in the trading pits of the world’s great stock exchanges often gives the feeling that every second is gold dust in the relentless rush to make money. Then all of a sudden it’s kickoff time, [...]
BERLIN ? German exports climbed 11.4 percent last year to top the euro1 trillion ($1.3 trillion) mark for the first time, official figures showed Wednesday, though a decline in December underlined the likelihood of slower growth ahead. Imports rose by an even stronger 13.2 percent last year, also hitting a new record. Exports have long [...]
NEW YORK ? Shoppers spent more money online this holiday season than ever before, and yet, Amazon _the world’s largest Internet retailer_ failed to meet Wall Street’s sales expectations with its latest financial results. In a surprise, the company’s revenue fell nearly $1 billion short of Wall Street’s expectations, even as it grew 35 percent [...]
2012Thu02Feb
I Could Never Vote for a Rich Plutocrat like Mitt Romney (ContributorNetwork)
Filed in heightenedCOMMENTARY | Mitt Romney, candidate for the GOP nomination to run against Barack Obama this year, released his tax returns today, demonstrating an approximately 14 percent tax rate, according to CNN. That outlet continues by infuriatingly insisting that Romney’s tax rate is higher than that of 80 percent of Americans. Such claims are misleading and [...]
WARSAW, Poland ? Despite the European debt crisis, Poland’s economy grew a brisk 4.3 percent in 2011, even more than its strong 3.9 percent growth rate for 2010. The figures released Friday by the Central Statistical Office underline how strongly the economy has continued to grow in Poland, the largest of the ex-communist countries now [...]
CHARLOTTE (Reuters) ? The Federal Reserve is unlikely to need to ease monetary policy further given the country’s steady if moderate pace of economic growth, Richmond Fed President Jeffrey Lacker said on Monday. Lacker, an inflation hawk who will rotate into a voting seat on the policy-setting Federal Open Market Committee next year, said he [...]
NEW YORK ? Stocks are surging following encouraging signs out of Europe and a jump in apartment building in the U.S. The Dow Jones industrial average jumped more than 300 points. German business and consumer confidence rose unexpectedly in December, and the Spanish government pulled off a successful debt auction. Both helped to ease worries [...]
