How the LIBOR scandal could affect you
The LIBOR scandal -- the latest debacle to send ripples through the global financial system -- centers on the alleged rigging of a somewhat obscure banking survey.
Mexico's Femsa 2nd-Quarter Net Profit Soars on Double-Digit Sales Growth
Mexican beverages and retail company Femsa (FMX, FEMSA.MX) reported higher revenue and net profit in the second quarter as sales increased across its businesses.
EARNINGS FORECAST TABLE: Continental 2Q 2012
The following is a summary of analysts' forecasts for Continental AG (CON.XE) second-quarter results, based on a poll of eight analysts conducted by Dow Jones Newswires (figures in million euros; EPS, dividend and target price in euro, according to IFRS).
Newmont Falls On Production Cut, Lower 2Q Profit
Shares of Newmont Mining Corp. stumbled 5.4% Friday, after the gold producer reported its second-quarter profit had fallen to $279 million, or 56 cents a share, from $387 million, or $1.04 a share, a year ago.
Facebook Inc. - Class A, Starbucks Among Stocks Gapping Down Friday
Here are stocks that gapped down today with opening prices significantly lower than the previous trading day's close: After closing the previous trading session at $26.84, Facebook Inc.
EARNINGS FORECAST TABLE: UBS 2Q 2012
The following is a summary of analysts' forecasts for UBS AG (UBS) second-quarter results, based on a poll of eight analysts conducted by Dow Jones Newswires (figures in million francs; EPS and target price in franc, according to IFRS).
J.P. Morgan Unveils Management Shake-Up
J.P. Morgan (NYSE:JPM) announced sweeping management changes on Friday that has the biggest U.S. bank replacing more than a half a dozen positions under chief executive Jamie Dimon with slightly younger executives. Todd Maclin, 56, and Gordon Smith, 53, will become co-CEOs of consumer and community
Gazprom/Shtokman Deal Ended July 1 But Total Still Interested -CFO
The Shtokman joint venture agreement between French oil company Total SA (TOT) and Russian peer OAO Gazprom terminated on July 1 though Total is still interested in playing an active role in the gas project, the French company's chief financial officer Patrick de la Chevardiere said Friday in a
How long will the inflation holiday last?
Something happened in the second quarter of 2012 that hadn't happened in two years: Savings accounts actually made money.More specifically, this was the first time since the second quarter of 2010 that inflation dropped below the rate of interest on savings accounts.
Brazil Minister to Meet With GM July 31 to Discuss Possible Job Cuts
Brazil's Finance Minister Guido Mantega will meet with representatives of General Motors (GM, GMM.U.T)) and the Brazilian auto-maker association Anfavea next week to discuss possible layoffs that would violate an agreement made in exchange for tax cuts.