Fannie Mae turns out a dream investment

May 22, 2013
Fannie Mae turns out a dream investment

Fannie Mae, the mortgage giant reported a first quarter net income of over $58 billion turning the company from junkie to a cash cow. The surge boosted their price shares by 400% in the past 3 months. The company is under government control so the stocks are only worth the […]

Read more ›

Apple’s tax strategy brings law vs moral dispute

May 22, 2013
Apple’s tax strategy brings law vs moral dispute

Apple’s CEO Tim Cook made no apology on Tuesday for the giant innovator saving billions of taxes using a “flaws” in both US and Irish tax law. Cook stated that his company is backing up the corporate tax law reform even though Apple could end up paying more taxes. The […]

Read more ›

Goldman Sachs updates S&P 500 estimates to a new high

May 22, 2013
Goldman Sachs updates S&P 500 estimates to a new high

Goldman Sachs Group Inc. forecast the US stock market to be going upwards for at least next two and a half years. The prediction estimates that Standard & Poor 500 Index would climb by 26% for that time to a level of 2100. Yesterday Goldman Sachs issued a end of […]

Read more ›

Best Buy losing grip

May 21, 2013
Best Buy losing grip

The consumer electronic company Best Buy Co. reported today a first quarter loss comparing to last year when the results included Super Bowl TV sales. The President and CEO of the company Hubert Joly stated that this was expected having in mind the Super Bowl shifting to the fourth quarter […]

Read more ›

Daxx index declines from record

May 21, 2013
Daxx index declines from record

Germany’s stocks declined today for the first time in more than a week. Daxx Index is down by 0.19% today. German banks Commerzbank AG and Deutsche Bank AG reported substantial daily drops after JP Morgan Chase downgraded their shares ratings. The benchmark index is up 11% this year mainly due […]

Read more ›

A wave of mergers on Monday

May 21, 2013
A wave of mergers on Monday

As several analyst defined yesterday as a “slow day” on the market, it also was an dynamic day considering numerous company acquisitions. After the initiative was taken by Yahoo Inc. with the $1.1 billion purchase of Tumblr Inc., many other companies follow their example. The internet giant is going after […]

Read more ›

UK workers feeling the pressure

May 21, 2013
UK workers feeling the pressure

The job uncertainty in UK seems to be raising as people feel more pressure at work due to job cuts and diminished control over jobs according to national survey of employees. Both, public and private sector workers are increasingly worried about their jobs, 52% of them are concerned about job […]

Read more ›

US stocks slightly declined after reaching record highs

May 21, 2013
US stocks slightly declined after reaching record highs

S&P 500 Index slightly declined by 0.1% yesterday after reaching a 0.3 climb earlier. Dow Jones Industrial average is down 0.1%. Procter & Gamble Co. and Coca-Cola dropped by 1.2% as consumer good’s companies declined. Health-care shares lost 0.6%, not significantly considering sector rose by 22% this year. Yahoo Inc. […]

Read more ›

Stocks worth following

May 20, 2013
Stocks worth following

Consumer Goods Cambell is the top performer in packaged food business with $5 above the consensus price of its shares. Company’s estimates are believed to raise even more beginning with sales increase of 12%. Cambell is beating its competitors especially in Europe, a region not particularly favorable for US packaged […]

Read more ›

GM bounces back to normal levels

May 20, 2013
GM bounces back to normal levels

The General Motor Co. shares price came back almost to 2011 levels following the global economic picture recent months as it closed at $33.42 on Friday. The share price raise led investors to discuss a possible Treasury withdrawal from the auto maker. That would also help GM to get back […]

Read more ›