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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...
Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday
Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...
UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...
Eurozone crisis live: Japan's strong growth figures... PM Shinzo Abe's stimulus package could generate feelgood factor needed to end two decades of stagnant growthPhillip Inman
Category : Stocks, World News
It appears that many investors are commemorating the fourth anniversary of the bankruptcy of Lehman Brothers by telling themselves that any Lehman-like danger has passed, and staging a huge rally in its honor, says Mark Hulbert. Actually, he quips, the real impetus was that the Fed basically concluded that the economy is in such horrible shape that it needs even more life support. This all goes to show how inscrutable — and, therefore, ultimately unpredictable — the markets can be. 
1 comment!
Category : Stocks
Investors basically shrugged off the Fed Chairman’s speech, which makes sense.
See original here: Why Bernanke has become irrelevant
Category : World News
As the government sounds out the public about Japan’s nuclear options, the intermediate option of reducing the nation’s dependence on atomic energy to 15 percent by 2030 is winning favor.
If the government’s policy to “basically” limit the service life of reactors to 40 years is strictly adhered to, as stated recently by Shunichi Tanaka, the candidate to head the new nuclear regulatory authority, their number will fall to 20 from 50 by 2030.
Read more: 15% nuclear option backed
Category : Stocks, World News
Preferred stock (PFF) investors seeking an alternative or complement to their holdings might consider looking internationally. The IPFF is basically a play on Canadian preferred (73% of holdings), and the fund’s European exposure is limited to the U.K. and Sweden. Its yield was 5.36% as of May 31. Post your comment!
NEW YORK (TheStreet) — The French presidential election will get plenty of digital ink on Sunday, but it may not have much of an impact on U.S. markets in the coming week because Wall Street likely has priced in the expected victory of Francois Hollande over Nicolas Sarkozy.
What’s more likely to roil equities is the drama at the polls in Greece, where the population is frustrated with both the socialist and conservative parties.
“That’s why the Greek election is more important for the market, because what you may see is a template in Greece of citizenry just basically saying we don’t want this austerity,” said Quincy Krosby, Prudential Financial market strategist.
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Originally posted here: Europe Elections, Jobless Claims in Focus for Coming Week
AIJ Investment Advisors Co. President Kazuhiko Asakawa repeated Friday in the Diet that he had no intention of deceiving his clients but admitted he showed them falsified fund performance reports.
Asakawa spoke in front of the Lower House Financial Affairs Committee, which summoned him to testify as a sworn witness. He basically repeated his unsworn testimony to the same committee earlier this month.
More here: AIJ chief repeats Diet testimony, this time sworn
The Nuclear and Industrial Safety Agency, in its first approval of stress tests for nuclear facilities, said Monday the level of quake and tsunami resistance of two reactors at the Oi power plant in Fukui Prefecture is adequate.
NISA submitted its report, which basically recommends restarting units 3 and 4 at the plant operated by Kansai Electric Power Co., to the Nuclear Safety Commission of Japan. After the commission approves the report, NISA will ask local governments for permission to fire the reactors back up.
More: Oi reactor stress tests approved by NISA