Archive for July 15th, 2009

JPMorgan Chase has emerged from the financial crisis relatively unscathed, and investors are looking ahead to its second-quarter results, due out Thursday. The company’s chief executive Jamie Dimon has guided it in a good direction by picking up big-ticket assets like Bear Stearns and Washington Mutual.Jason Goldberg, an analyst at Barclays Capital, expects JPMorgan’s second… »

These are tense times for luxury German automaker Porsche. After failing in its plan to take over sister company Volkswagen, the company’s board is days away from deciding whether to approve an unconfirmed offer from Qatar’s sovereign wealth fund for a 10% to 25% stake. But although a lot of uncertainty is surrounding Chief Executive… »

Fiat is going on another shopping spree of troubled auto companies. The Italian carmaker confirmed on Tuesday that it was interested in acquiring the struggling industrial arm of boutique car maker Bertone. “We will express our interest in Bertone’s industrial assets before the deadline on Thursday,” a Fiat spokesman said. Berton is a boutique company… »

Because of fear or prudence Americans are stashing more of their money away, spurring fears that the new habit will drag on economic growth and make it harder to emerge from the recession. Philip Condon, head of municipal bonds at Deutsche Bank’s DWS Investments, looks at the trend differently. “Where’s it all going to go?”… »

While inflation in the United States and Britain is slipping, it’s seriously sliding in Europe, to the point where economists can add the “negative” sign to the region’s latest inflation numbers and label the situation as “deflationary.” Eurostat confirmed on Wednesday that consumer prices in the euro zone had moved into deflation territory in June,… »

London is still getting a strong and steady flow of foreign investment, but Michael Charlton, the Chief executive of Think London, an organization made up of businesses and public officials to promote economic activity in London says there is danger the U.K. government is not making the English capitol appear to be open to foreign… »

Osea is a tranquil island filled with lush fields and cute cottages, located off the coast of England and miles away from any office. It’s also fast becoming a favorite place for business high fliers who need a spot of rehab. The Causeway Retreat, an exclusive rehabilitation center that owns the 400-acre island, doesn’t market… »

Can Harry Potter star Emma Watson inject some wizardry into British fashion label Burberry? The luxury goods maker was certainly in need of a boost on Wednesday as it unveiled quarterly sales figures that disappointed an expectant market.”Expectations have been high as Burberry has done a lot to improve its business, including opening new stores… »

Will the London Stock Exchange’s new chief executive be able to outdo his transatlantic peers by preventing an exodus of business to alternative trading platforms? The latest trading update from the operator of the London and Milan stock exchanges suggests that its rate of losing market share is indeed starting to slow. Revenues fell 12%… »

The earnings season for technology companies looked set to be full of champagne and caviar on Wednesday, after a narrower-than-expected quarterly loss from Dutch equipment vendor ASML followed strong results from American chip-maker Intel. Yet despite a more positive second quarter, ASML is not out of the woods yet. ASML sells chip-making equipment to semiconductor… »