Investing and Global Finance News

Monthly Archives: May 2012

Stalled Economies Fueling Crashing Oil Prices

Oil Prices Coming Down

The deteriorating European debt crisis and the slowing United States economy are contributing to what is expected to be the largest monthly downslide in the price of oil in three years.

Demand for oil will plummet, analysts say, fueling a downturn in oil which resulted in oil closing yesterday 20 percent lower than the year’s high price of $109.77 a barrel.

“The problem is not only in Greece but several countries in Europe,” said Ken Hasegawa, at Newedge Group in Tokyo.  Hasegawa, a commodity derivative sales manager believes New York crude will fall to $75 a barrel by Q3. “Prices have fallen on the pessimistic expectations of the global economic recovery.”

Business and Economy Across the Globe

Business Day Live reviews the current economic situation in lands both near and far, revealing that RIM, the BlackBerry maker, has projected additional, significant losses. The company now struggles with tough decisions on whether to continue at its current pace, share, or just sell as its stock falls in value. Potential investment inclinations are marred… Continue Reading

Top Ten Business Schools of 2012

Bloomberg BusinessWeek recently listed the best business schools for 2012, with Notre Dame ranking #1 for the third consecutive year. Many other schools, however, have shifted in the standings. Here are this year’s top ten: Notre Dame (Mendoza) Virginia (McIntire) Cornell (Dyson), up from 5th place Pennsylvania (Wharton) Emory (Goizueta), down from 3rd place MIT… Continue Reading

Quote of the Day: Termination of Extended Unemployment Benefits

Today the unemployment rate is 8.1% down from 9.9% in November, 2009, but still not down to pre-recession unemployment figures. There are three job seekers for every one job available. Those who have been unemployed for lengthy periods are about to lose their unemployment benefits, about half a million losing their benefits sooner than they… Continue Reading

Company Focus: Devon Energy

Devon Energy ranked 28 among the best companies to work for in the US, it also ranks quite high among the country’s top-paying firms. The average salary for an engineer on staff at Devon is $178,305, giving it the distinction of ranking 6th among the country’s top-paying firms. Devon Energy has 2.9 billion barrels of… Continue Reading

U.S. Economy to Lessen Summer Travel Rates

Tourism experts and economists have both agreed that the situation in the U.S. will lessen the travel rate throughout the nation this summer. Though the gas prices are relatively low in many states, employment and economic concerns will undoubtedly discourage many vacationers, especially on the West Coast. The job market struggles and high household debt… Continue Reading

Top 20 Business Books

In a project for Amazon, Scott A. Lingle listed the top 20 business books on the market. He explained that he has read and listened to hundreds of such books, and that his favorite authors include Jim Collins, Marcus Buckingham and Patrick Lencioni. The list includes: Good to Great: Why Some Companies Make the Leap…and… Continue Reading

Hopes for Housing Recovery Spurred by Increase in New-Homes Sales

April’s figure for new-home sales was up by 3.3 percent from March’s number, according to information released by the Commerce Department on Wednesday. That translates into a seasonally adjusted annual rate of 343,000. The entire country experienced this rise with the exception of the South. Analysts are hopeful that this could signal that the US… Continue Reading