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.
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.
Lower Oil Prices Fuel 6.8% Dip in Chevron's 2Q Earnings
Hit by softer oil prices, Chevron logged a 6.8% decline in second-quarter earnings, but the energy giant’s profits surpassed Wall Street’s expectations.
Be on the Lookout for Summertime Credit Card Scammers
The heat isn't the only thing rising this summer, so is the number of bogus credit card consolidation companies.
EARNINGS FORECAST TABLE: Adidas 2Q 2012
The following is a summary of analysts' forecasts for adidas AG (ADS.XE) second-quarter results, based on a poll of 10 analysts conducted by Dow Jones Newswires (figures in million euros, EPS, dividend and target price in euro, according to IFRS).
Chevron 2nd Quarter Net Falls 6.8% as Upstream Earnings Decline
Chevron Corp.'s (CVX) second-quarter profit fell 6.8% on a double-digit drop in exploration-and-production earnings amid lower crude oil and natural gas prices, while total revenue declined more than expected.
RWE Sticks To Restructuring Plan Despite Credit Rating Downgrades
German utility RWE AG (RWE.XE) Friday said it is sticking to previously announced measures aimed at repairing its balance sheet--including a reduced investment budget, asset disposals and cost cuts--and that implementation of the program is crucial to retain access to bond markets.
JPMorgan Promotes Younger Execs in Realignment
The biggest U.S. bank realigned more than a half-dozen business reporting lines and shifted power toward slightly younger managers.