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macy macon

Euro Leaders Agree on Deal for Struggling Banks - 0 views

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    "Euro leaders have agreed to radically restructure Spain's €100bn bank recapitalization plan. EU funds will now be directly injected into staggering Spanish financial institutions, indicating that the Spanish government will be able to avoid the burden of the bailouts from its sovereign books."
macy macon

Consumer Sentiment Plunges to Lowest Level Since December - 0 views

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    "Consumer sentiment dropped in June to the lowest level since December as consumers are getting increasingly concerned about the staggering economic conditions. The gauge dropped to a final June reading of 73.2 from 79.3 in May, signifying the lowest level since December. "
macy macon

ServiceNow (NOW) Gains 37 Percent on IPO - 0 views

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    "The best IPO this week was that of cloud service provider, ServiceNow, which gained 37 percent on its debut on Friday. Its stock closed at $24.60 a share on the New York Stock Exchange, up from its IPO price of $18. "
macy macon

Small Businesses Unaware About Healthcare Laws - 0 views

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    "A survey shows that millions of small businesses are not aware of the provisions of healthcare laws that provide small-business health-care tax credit first available in 2010, as part of the Affordable Care Act. "
macy macon

WTO Sets Aside US Rules in Country-of-Origin Labeling of Canadian Products - 0 views

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    "The World Trade Organization has declared that the US rules that force country-of-origin labels on Canadian products violate trade agreements. The decision in favor of Canada relates to a a long-running dispute over labeling beef and pork products produced in that country."
macy macon

Consumer Spending in US Drops in May - 0 views

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    "The US economy is cooling off, which is evident from the government data released on Friday that showed consumers spent less in May and increased their savings. Personal spending dropped less than 0.1 percent in May, which represented the first decline since last November. "
macy macon

Bristol-Myers (BMY) Agrees to Buy Amylin Pharma (AMLN) for USD5.3 Billion - 0 views

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    "Bristol-Myers Squibb Co has agreed to acquire Amylin Pharmaceuticals Inc, a maker of diabetes therapies at a total cost of $5.3 billion as it is desperately trying to replace revenue that it is losing from the declining sales of its blood thinner that is facing generic competition."
macy macon

City of Stockton, California Files for Bankruptcy Protection - 0 views

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    "Stockton, California has filed for bankruptcy after its talks with bondholders and labor unions failed. As a result, Stockton will become the largest US city to seek bankruptcy protection from creditors. "
macy macon

Abound Solar Seeks Bankruptcy Protection - 0 views

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    "Abound Solar said that it will seek bankruptcy protection next week as it has not been able to come to terms with potential buyers over the last several months. About $68 million in US-backed loans will be at risk of not being repaid and 125 employees would lose their jobs."
macy macon

Ford (F) Expects International Losses to Triple in Q2 over Europe's Crisis - 0 views

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    "Ford Motor expects that it losses for its international operations will increase threefold in the second quarter from the first quarter loss, mainly because of Europe's economic woes."
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