The Top Penny Stocks newsletter for active penny stocks investors looking for penny stocks and pink sheet stocks
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
Despite reducing pension benefits for their public-sector retirees and compelling workers to make bigger contributions, states have cut just $100B of the $900B funding crater in their pension plans, the WSJ reports. One problem is that assumed investment returns have been reduced because of market volatility, while another is that many states are introducing the changes for new hires only. 
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Category : Stocks, World News
An apparent deal to buy Coventry Health Care (CVH) for $5.7B will make Aetna (AET) one of the biggest providers of Medicare and Medicaid plans. The 65% cash/35% stock deal – about $42.08 a share, a 20.4% premium to CVH’s Friday close – has been approved by both boards, the WSJ reports. Post your comment!
Category : Stocks, World News
Hard to blame European firms for being upset about this: WSJ reports U.S. trade with Iran is increasing despite sanctions, while EU trade with Iran is falling. Coke, Oral-B mouthwash and Philip Morris cigarettes are but three examples of U.S. products still readily available in Tehran. Standard Chartered surely has some choice words for the discrepancy. 18 comments!
Category : Stocks, World News
More on Apple’s set-top box hopes: “People briefed on Apple’s plans” now tell the WSJ
Category : Stocks
NCR (NCR -8.4%) plunges thanks to a WSJ report suggesting the company runs a Syrian subsidiary and does business with local banks, potentially in violation of U.S. sanctions. A source close to the company attributes this to a “paperwork mistake,” but the Street clearly thinks it could be more serious. Wedbush is downgrading to Neutral in response. Post your comment!
Category : Stocks, World News
Sprint (S +4.8%) adds to its recent gains after disclosing strategy chief Keith Cowan will be leaving the company as of Sep. 30; the language suggests Cowan may have been kicked out. Back in March, the WSJ reported Sprint shareholders were concerned Cowan’s “tough style” wasn’t going over well with potential partners. Post your comment!
Category : Stocks, World News
“For all of the rhapsodizing about the halcyon days of Glass-Steagall, the statute was far weaker than its advocates care to admit,” writes Jason Zweig in the WSJ. That taxpayers are bailing out banks that take massive risks “was partly caused by Glass-Steagall, not by its repeal.” Post your comment!
Category : Stocks
While dealmaking at Farnborough may not fly as high as in the past, Boeing (BA) could still announce orders for the 737 Max from GE‘s finance arm and Air Lease Corp. (AL), the WSJ reports. Boeing is also in talks with United-Continental (UAL) for a long-expected booking of 100 737s and an option for 100 more. Post your comment!
Category : World News
While BofA (BAC) paid just $2.5B to buy Countrywide four years ago, the deal has since cost the bank over $40B in real-estate losses, legal expenses and settlements with state and federal agencies, the WSJ reported on Friday. BofA could face further legal liabilities $5B as lawsuits rage across the country.
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Go here to see the original: While BofA (BAC) paid just $2.5B to buy Countrywide four years ago, the deal has since cost the bank over $40B in real-estate losses, legal expenses and settlements with state and federal agencies, the WSJ reported on Friday. BofA could face further…
Category : World News
JPMorgan’s (JPM) losses from its disastrous trades could reach $5B or more, the WSJ reports, as the bank struggles to unwind its positions. Major problems include increasing worries about Greece and the the EU economy. Meanwhile, the CFTC becomes the latest government agency to open a probe into the debacle, the NYT reports. Post your comment!