Global News

High in the foothills of the Great Smoky Mountains, in the quiet community of Lenoir, North Carolina sits a sprawling facility shrouded in mystery.  Lenoir used to be home to the most well-known scions of furniture manufacturing in the United States, but those factories and jobs have all been moved to China.  The most notable […]

Ratings agency Fitch keeps country on Negative Outlook Fitch Ratings has affirmed Japan’s Long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘A+’ with a Negative Outlook. In a statement the agency said that the affirmation of Japan’s sovereign ratings “in part reflects the greater commitment of the Bank of Japan and government to […]

Mobile content provider Mobile Streams (LSE:MOS) continues to turn in stellar performance as demand for its apps, games, music, videos and eBooks increases around the globe.  The company that operates through the cleverly named storefront appitalism® has watched it share price rise from the 4.0 range, where it hovered for several years until September 2010, […]

Just one day after announcing a 300% increase in pre-tax profits and optimism that 2013 will be a better year operationally, Lonmin’s share price (LSE:LMI) took a hit when the company announced yet another labor-related problem at its Marikana mine.  Employees showed up for work, but refused to enter the shafts. Marikana had to suspend […]

How bold does a CEO have to be to say, “Our performance in the quarter reflects the results of the management action we have taken,” when the performance  was a net loss of $345 million? I’d say he’d have to be even bolder to make that statement especially when the company made a net profit […]

Yet another hurdle cleared this week as the UK flagship index went on to make a decisive breach of 6,600. The bulls are loving it, already eyeing up the pre-crisis highs of 6,760 and then even those of 6,940 before the dot.com bust. What has taken the FTSE up another 100 points during this shortened […]

Sony Corporation (NYSE:SNE) has turned in lackluster performance over the five years since 2008, failing to find the right combination of product and operating vitality necessary to pull it out of the doldrums it got stuck in during the global financial crisis.  Whilst one might not be impressed see Sony’s share price decline 1.4% to […]

Espírito Santo Investment Bank The Portuguese Investment Bank, Espirito Santo Investment Bank reported on the results performed by Spanish telecommunications company Telefonica (BOV: VIVT4), in the first quarter of this year. Telefónica Brazil, the Brazilian arm of the Spanish company, increased its net revenues in 2.9%. The Investment Bank’s report says that the Telefonica Brazil had...

We’re only at midweek, but traders are celebrating on selling floors around the world as the leading indexes continue to rise to lofty and, in some cases, record highs. The Footsie 100 closed up 35.8 points yesterday to reach its highest point since December 2007.  The Nikkei Index broke past the 14,000 mark to 14,180 […]

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