Economist are predicting slower than hoped-for growth in the economy during the second quarter of 2012 despite lower gas prices during this period. The cheaper gas did not stimulate spending in other sectors by consumers, leading analysts to believe that the economy is still slumping. Not all of Wednesday’s government data was disappointing, however. Consumers… Continue Reading
Michael Bennet, head of derivatives and structured finance at the World Bank says that there is a good chance that the bank will once again issue yuan-denominated bonds in Hong Kong as soon as borrowing costs improve to a more favorable rate. According to information collected by the Bloomberg organization, International Finance Corp, a member… Continue Reading
Tesla Motors has a mission: to prove to the world, and especially to consumers, that fully electric cars can compete today in the huge US automobile market, and be fun. cool and awesome, too. Elon Musk, co-founder of PayPal, helped Tesla Motors get started in 2004 with an initial investment of $6.3 million. As a… Continue Reading
Sometimes there is nothing like a real hands-on experience to help our children understand that all the food we eat, toys we play with, electronics we work with and enjoy, and every other item in our household that we consume, or service that we avail ourselves of, come from people just like us. How to… Continue Reading
Government officials in China announced that Apple Inc is looking into opening flagship stores in two of China’s major cities, Chengdu and Shenzhen, despite the fact that Apple is still in dispute with a Chinese company over the use of the iPad trademark. At the moment Apple has only five stores on the Chinese mainland,… Continue Reading
Wednesday is decision day for the European Central Bank. At issue is how the E.C.B. should handle the latest euro zone banking and debt crisis. In many ways the easy path for officials at the E.C.B. would be to save the economies with cuts in the benchmark interest rate to a historic low and/or to… Continue Reading
Now that the much anticipated Facebook IPO is behind us it is possible to discuss where Facebook might be heading in the years to come. Many countries already have Facebook penetration at near or greater than 50 percent, including the United States, Britain, Canada, Australia, Malaysia and others; making it likely that growth in these… Continue Reading
New ideas abound in the marketplace, but which ones ultimately grow into successful companies? ,And which companies will eventually change the world as we know it, much like Facebook, Twitter and Groupon have change the world? And who can expect to see lots more of in the years to come? The following list represents companies… Continue Reading
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… Continue Reading
The subsidiary that Fiat SpA, the carmaker created in 2011, Fiat Industrial SpA, announced its plans to merge with its CNH Global NV unit and then move its primary stock listing to New York in hopes of attracting a larger base of worldwide investors. Fiat Industrial has an 88 percent interest in CNH, manufacturer of… Continue Reading