Bigger than Greece Embattled Greece suffered highs and lows last week with its debt crisis, referendums, and resignations. The leaders of Germany and France, Angel Merkel and Nicolas Sarkozy, struggle to lend assistance to Greece with a stimulus package containing about €130 billion ($179 billion). Leaders hope to prevent a Greek default before Christmas. A […]

Greek Drama With the world standing on its heels waiting to see what will come of the Eurozone’s debt-crisis, this week truly played out like the a Greek drama, which is one of the many world contributions Greece is known for, with some added Halloween elements. The supposed “treat” would come from President Sarkozy and […]

Market Sees “Greener” Pastures for Europe’s Debt Crisis World markets achieved their best weekly performance in over two years on Friday. The Dow, S&P 500, and the NASDAQ closed on Friday with gains of 1.5%, 1.7%, and 1.8% respectively. European markets saw the bulls in full action for the week: Britain’s FTSE gained more than […]

Spain and Italy As the European debt crisis concern worsens the U.S. stocks retreated last week marking another week that Europe has affected the American Indexes. The Financial industry has had the biggest decline in the S&P 500. The S&P 500 fell nearly 1% lowering its weekly gain to just above 2% and the Dow […]

Weak Quarter As the problems overseas keep mounting, the markets seem to be feeling the effects as the close has marked the worst quarter in years. The Dow fell nearly 150 points to 11,153, or 10 percent loss in the fourth quarter (after a slight serge from the blue-chip stocks helped rally it before Friday’s […]

The Global Concern As concern over another global recession intensifies, Asian stocks tumbled last week with its regional index falling to a three-year low. In a Bloomberg report, Tim Shroeders stated “It would be flippan to suggest this is just a blip… The aggressive selling of equity markets seems to reflect a heightened probability that […]

Research In Motion’s Drop With hand devices acquiring a more prominent role in individual’s life every day, Research In Motion( RIMM), the maker of Blackberry, seemed to be destined to become the leader in the industry until very recently. Yet, the inability to adapt to new environments, the increase in competition, and the lack of […]

The Euro Zone and America As concern grows about Greece’s debt crisis, the euro touches a ten year low versus the yen and a six-month low versus the dollar. With the European bank and sovereign credit risk reaching an all-time high the effects are being seen here in the U.S. as the S&P has seen […]

Exxon Forms Alliance; Crude Oil Prices Fall Due to Jobs Report Last week Exxon Mobil Corporation and Rosneft (Russia’s largest oil producer) formed an Alliance that could potentially generate as much as $500 billion of investments between the two companies, as was stated by Russian Prime Minister Vladimir Putin. Exxon and Rosneft plan to initially […]