Tag Archive
Fluors Military Hopes – US-FOREX.US
Fluor will demonstrate Monday whether its government contracts have been paying off during the downturn.Over the past year, U.S. military contracts have been offered to Fluor
, DynCorp International
and KBR
, which recently said it’s expecting new contract awards for Iraq later this year or in early-2010.Wall Street is expecting the company to report quarterly earnings of… »
Write Down Your Own Debt – US-FOREX.US
The debate over mark-to-market accounting—whether to value assets at market prices—will take on a strange twist once banks, investors and regulators get wind of the latest proposal from the group that sets accounting standards. Under new rules being reviewed by the Financial Accounting Standards Board, companies will have to record gains or losses in the… »
States Pain Is Prison Firms Gain – US-FOREX.US
What started as an inconvenience—less tax money to pay for schools, roads and prisons—has quickly mushroomed into a catastrophe for the states. Thanks to the financial crisis and ensuing recession, unemployment is the highest since the early 1980s, spending is down, personal income and business taxes are falling. In California, which had to issue IOUs… »
Buy Goldman Sell The Economy – US-FOREX.US
Meredith Whitney thinks you should buy Goldman Sachs, but not because the economy’s improving or things are going well in the financial market. On the contrary, she expects a tidal wave of public debt to fill massive government budget gaps, and the way she sees it, someone has to be the market’s facilitator.”This is not… »
Minimum Wage Minimum Effect – US-FOREX.US
When the federal minimum wage rises to 7.25 an hour on July 24, don’t expect California workers to cheer. Their state already sets minimum pay at 8.00. The same goes for hourly employees in Massachusetts, Illinois, Oregon and Washington . In fact, half the states have their own rules setting pay higher than the federal… »
How Congress Could Boost Solar – US-FOREX.US
With the real estate market in ruins, a full-blown recession laying waste to corporate spending and oil at less than half its 2008 peak, the solar industry that boomed from 2004 to 2007 has recently seen its fortunes reversed. So makers of photovoltaic power cells and their suppliers had reason to cheer when the House… »
UBS A Bid For Freedom – US-FOREX.US
Is UBS testing the waters to see if it can get on without state support? This seems a possibility after the beleaguered bank announced Friday that it would place 3.8 billion Swiss francs with a small group of institutional investors to raise its core capital ratio by 100 basis points, to around 13%. “It… »
Bernanke Has No Regrets – US-FOREX.US
It’s not easy being Ben. Did he threaten Lewis? Why didn’t he oversee Bank of America more closely? Why didn’t the government disclose its assistance? Is the Federal Reserve manipulating the housing market with Blackrock? On Thursday Fed chairman Ben Bernanke held his ground against the skeptical congressional committee that has been holding weeks of… »
Nilekani Quits Infosys To Join Government – US-FOREX.US
MUMBAI -
In a rare and refreshing move, the Indian government has tapped a corporate executive to take charge of a long-delayed project to provide identification numbers to its 1.1 billion citizens, akin to a social security number. Nandan Nilekani, the much respected co-chairman of Infosys Technologies
, India’s second largest IT firm, will head the newly… »