Archive for October, 2011
Deficit Reduction
New York, October 30 (sharemarketsnews.com) – The bipartisan congressional “super committee” has not yet found any viable solution to the problem of deficit reduction even though it is just weeks away from a deadline. It is now moving into a serious-negotiations stage this week after partisan deficit-cutting proposals from both sides were promptly rejected. The [...]
Groupon Considering Increasing IPO Price Range over Higher-Than-Expected Demand
New York, October 30 (sharemarketsnews.com) – Groupon Inc. is believed to be considering making an updated filing with a higher IPO price range with the U.S. Securities and Exchange Commission early next week amid higher-than-expected demand for shares from investors. In order to create a demand for the stock, Groupon is offering a very low [...]
Recession Fears Stalled for Now but for How Long?
New York, October 30 (sharemarketsnews.com) – After stumbling for the first six months of the year, the U.S. economy has been steadily stabilizing over the summer dispelling lingering fears that recession is round the corner. However, the question that is tormenting everyone is whether this trend can be sustained? The Commerce Department said Thursday that [...]
Corzine Steaming Ahead to Find Buyer for MF Global
New York, October 31 (sharemarketsnews.com) – Jon S. Corzine, the former New Jersey governor, who took over the reins of MF Global Holdings Ltd., last year, is now desperately looking for a buyer to take over the company and save it from a crisis that was his own doing. He had made big bets on [...]
Tokyo Moves in to Stem the Rise of Yen – Dollar on 3-Month High against Yen
New York, October 31 (sharemarketsnews.com) – The yen was reined in once again when the Japanese government intervened for the third time this year in the currency markets with the result that the dollar rose to a three-month high against the yen to as high as 78.99 yen the highest since August 5. Earlier, in [...]
Oil Falls after Biggest Monthly Gain since May 2009
New York, October 31 (sharemarketsnews.com) – Oil fell in New York in the wake of a surge in the U.S. dollar after Japan intervened to stem the rise of the yen for the third time this year and on the basis of speculation that demand is set to slow down. Brent’s premium to U.S. crude [...]
