Spain’s economic downturn worsened in the last three months of 2012, official data indicates, while across the eurozone retail sales continued to fall.
Read more from the original source: Spanish economic decline worsens
Category : Business, World News
The finances of Scottish football clubs have worsened in the last six months, according to a survey.
Read the rest here: AUDIO: More Scottish clubs ‘in financial trouble’
Category : World News
Bank of England governor Sir Mervyn King says he is “pessimistic” about the global economy, saying the situation has worsened in the past few weeks.
More here: King ‘pessimistic’ about economy
NEW YORK (TheStreet) — The rumors about Carl Icahn taking a stake in Chesapeake Energy were true, though what it will mean for the embattled — and stubborn — oil and gas company remains uncertain.
Activist investor Icahn revealed a 7.6% stake in Chesapeake Energy after the close on Friday, larger than the 4% stake that had been rumored in the press for weeks, and larger than the 5.8% stake that Icahn had amassed in late 2010, before selling at a quick profit.
While Icahn’s 2010 investment didn’t pan out as an activist push and the shareholder return destruction and corporate governance issues have only worsened since for Chesapeake Energy, this time Icahn says he is playing the stock for activist reasons. Carl Icahn …
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See the original post: Icahn Buys 7.6% of Chesapeake Energy, Seeks Major Board Change