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News & Updates

February 11, 2015 GM shareholder seeks spot on board

Source: MarketWatch

General Motors Co. said Tuesday that Harry J. Wilson, a former government official who helped restructure the company, has nominated himself as a board candidate and is proposing that the company commit to completing $8 billion...

February 11, 2015 U.S. stocks turn positive for the year

Source: Fortune

U.S. stocks turned positive for the year Tuesday as the market rebounded following two-straight days of losses because of economic uncertainty and concerns about Europe.

February 11, 2015 Greece to present bailout plans to EU finance ministers

Source: BBC

Greece's left-wing government is to present its first concrete proposals for an alternative debt plan at an emergency meeting of eurozone finance ministers in Brussels later.

February 11, 2015 Apple in big solar power deal, market cap closes over $700 billion

Source: Today Online

SAN FRANCISCO - Apple Inc will buy about $850 million of power from a new California solar farm to cut its energy bill, the iPhone maker said on Tuesday as its stock market value closed above $700 billion for the first time

February 11, 2015 U.S. companies are being targeted in China (say U.S. companies)

Source: Fortune

U.S. firms believe foreign firms are being singled out by Chinese regulators, making them feel less welcome than before, according to a new survey by the American Chamber of Commerce in China.

February 10, 2015 Hong Kong Issues Warning About Bitcoin

Source: NY Times

HONG KONG — Hong Kong’s central bank has warned against investing in virtual currencies, amid local media reports that a Bitcoin exchange may have run off with $387 million in client funds in what could be the biggest Bitcoin...

February 10, 2015 Forecasts Of Oil Price Bottom And Recovery

Source: Forbes

For oil price forecasters, it is all but mandatory to start with self-deprecating humor, because the track record is so bad. Late 2013, surveys showed predictions for 2014 of $104 per barrel for Brent. Citi’s forecast of a...

February 10, 2015 Citi: Oil Could Plunge to $20, and This Might Be 'the End of OPEC'

Source: Bloomberg

The recent surge in oil prices is just a "head-fake," and oil as cheap as $20 a barrel may soon be on the way, Citigroup said in a report on Monday as it lowered its forecast for crude.

February 9, 2015 U.S. gas prices inch up as oil climbs -Lundberg survey

Source: Reuters

The average price of a gallon of gasoline in the United States rose 13 cents in the past two weeks, following a nine-month price slide, due to a rise in the price of crude oil, according to the Lundberg survey released Sunday.

February 9, 2015 Little space for compromise between Athens and eurozone

Source: BBC

I am hard pressed to find a serious economist who does not believe that an easing of Greece's crippling debt burden would be anything other than sensible”

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