AlphaNinja - US stocks opened down a little over half a percent. GDP dropped 1% in the second quarter, slightly better than expected. Chinese stocks were down, as the government said it will cut excessive investment in certain industries.
Amidst yet another delay, Boeing will take a $2.5billion charge for the delayed 787 Dreamliner. Shares higher though.
Good news - as the cost of solar panels drops, the need for it to be "legislated" into use (versus being cost effective) is reduced.
For solar shoppers these days, the price is right. Panel prices have fallen about 40 percent since the middle of last year, driven down partly by an increase in the supply of a crucial ingredient for panels, according to analysts at the investment bank Piper Jaffray.
Having pillaged US taxpayers to pay for the Cash for Clunkers, program, Ford is attempting to have the Europeans throw money their way also.
Aug. 27 (Bloomberg) -- Ford Motor Co. is lobbying European governments to extend consumer sales incentives to avoid a new market collapse when the programs end, according to the U.S. automaker’s top executive in the region.
WSJ op-ed on the hand-wringing over HFT (High Frequency Trading)
What is flash trading? As pioneered by the electronic communications network Direct Edge, it is simply a way for one customer to query other customers to see if they will take the other side of a trade.
Tribune bondholders want to investigate Sam Zell's $8.3billion buyout of Tribune Co.
Zell’s leveraged buyout and “the unsustainable debt burden imposed on a business already in a secular decline undoubtedly caused” Chicago-based Tribune’s bankruptcy, the bondholders said in a court filing yesterday in Wilmington, Delaware. They hold more than 18 percent of the company’s bonds, according to the filing.
Ireland's dependable economic indicator show citizens leaving to find jobs.
Sean McManamon left Ballycroy -- a picturesque village sandwiched between the Atlantic Ocean and the Nephin Beg mountain range -- for a job in London in February after his small construction firm folded. Mr. McManamon, a midfielder who was a stalwart of the Ballycroy team's defense, emigrated around the same time as three other players, leaving the village without an adult team for the first time in more than 50 years.
It is the 35-year-old father of four's second stint as an emigrant. He hopes it is his last. Emigrating again, after being in London for eight years and returning in 1999 to capitalize on Ireland's real-estate boom "was easily one of the hardest things I've ever done," says Mr. McManamon, who left his family, a 100-acre farm and a nearly finished seven-bedroom home behind. "I never thought I'd leave Ireland again."