Blog Profile / Business Insider: Money Game

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Archived Since:February 11, 2009

Blog Post Archive

Alibaba's latest gambit in fighting fakes: foster local brands

By John Ruwitch PUTIAN, China (Reuters) - Criticized and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding Ltd has been quietly piloting a scheme to try to curb fakes at source. Show More Summary

Fiat Chrysler CEO approached GM about a merger, was rebuffed: NYT

(Reuters) - As part of his quest for a mega merger, Fiat Chrysler Automobiles Chief Executive Sergio Marchionne sent an email to General Motors Co Chief Executive Officer Mary Barra in March suggesting combining the automakers but was rebuffed, the New York Times reported on Saturday. Show More Summary

12 predictions about the global economy that turned out to be hilariously wrong

Predictions Join the conversation about this story » NOW WATCH: Here's what 'Game of Thrones' stars look like in real life

ECB's Draghi urges euro zone to unite for economic reform

ROME (Reuters) - European Central Bank President Mario Draghi has urged euro zone countries to unite in the task of reforming the bloc's economies, saying sharing sovereignty was an opportunity and not a threat. Draghi is pushing governments not to waste the time ECB money printing has bought them. Show More Summary

Justice Department finds criminal wrongdoing in GM ignition switch defect: NYT

WASHINGTON (Reuters) - U.S. Justice Department investigators have identified criminal wrongdoing in General Motors Co's failure to disclose a defective ignition switch, and they are negotiating what is expected to be a record penalty, the New York Times reported on Friday. Show More Summary

Fed on track to hike rates as economic headwinds wane: Yellen

WASHINGTON/PROVIDENCE (Reuters) - Federal Reserve Chair Janet Yellen on Friday said she expected the central bank to raise rates this year as the U.S. economy was on course to bounce back from a sluggish first quarter and as headwinds at home and abroad begin to wane. Show More Summary

IMF chief Christine Lagarde is the fifth person today to slap down Greek hopes for a speedy bailout deal

Christine Lagarde became the fifth senior figure among Greece's creditors to throw cold water over the troubled country's chances of a speedy bailout deal on Friday. The International Monetary Fund (IMF) managing director said on a visit...Show More Summary

The word is this company could be the target of the next big healthcare deal — and now the stock is at an all time high (PMC, UNH, CVS, WAG)

Pharmacy services company PharMerica's shares are are up more than 50% in 2015. This week, they reached an all-time high. One possible reason: People in the investment banking and healthcare industries speculate that PharMerica will soon be acquired. Show More Summary

The muscle car is over

Well, that was fun. Five decades of stonking American horsepower have come to an end. Bloomberg's Jing Cao has the story: Ford Motor Co.’s Mustang has pulled ahead of its perennial rival, GM’s Chevrolet Camaro, in part by offering a smaller engine that’s turbocharged to satisfy the need for speed and threatens to send the V-8 to the boneyard.... Show More Summary

British banks planning for EU 'no' stymied by lack of European office space

By Sinead Cruise and Anjuli Davies LONDON (Reuters) - A shortage of prime office space in rival European financial centres may torpedo plans by some of London's banks to quit the UK capital if Britain opts out of European Union membership. Show More Summary

Germany's finance minister says Greece may have to invent a 'parallel currency'

Greece may have to bring in a "parallel currency" if progress stalls with in negotiations with the country's European creditors, according to outspoken German finance minister Wolfgang Schaeuble. Bloomberg reports that Schaeuble mentioned...Show More Summary

Audi chairman says will take 'bit of time' to replace Piech on board

NECKARSULM, Germany (Reuters) - Audi Chairman Martin Winterkorn said on Friday it would still take "a bit of time" to replace Ferdinand Piech and his wife on the luxury carmaker's supervisory board. Piech and his wife quit their board seats at the VW group on April 25 after a public showdown with Winterkorn. Show More Summary

Nokia CEO says in no hurry to sell mapping unit HERE: magazine

HELSINKI (Reuters) - Nokia is in no hurry to sell its mapping unit HERE despite receiving high quality bids, the Finnish company's chief executive said in a trade magazine interview. Telecoms network equipment maker Nokia began a strategic...Show More Summary

This $1 billion Swedish payment company thinks it can save newspapers

The newspaper industry is in a tough spot, with circulation and advertising falling and no clear sign of how to crack digital. In the US, New York Daily News is struggling to sell itself for $1 at the moment and while that's one of the worst horror stories from the industry, it's a sign that things are not looking good. Show More Summary

LIVE: HP's fiscal Q2 earnings (HPQ)

HP will report its fiscal second-quarter, 2015, earnings after market close on Thursday and we're covering it live. The news isn't expected to be particularly good when it comes to growth. According to Yahoo Finance, analysts expect: $25.63 billion in revenue, a 6% decline over last year. Show More Summary

No one wants to buy this gorgeous, $30-million Manhattan penthouse specially designed to 'improve wellness'

A unique penthouse in Manhattan's Greenwich Village is having some trouble finding a buyer. The apartment was first listed for $50 million when it went on the market 2 years ago, only to have its price cut to $39.8 million last fall....Show More Summary

Orange boss Richard denies allegations regarding Tapie affair

PARIS (Reuters) - Orange Chief Executive Stephane Richard on Thursday firmly denied allegations of complicity in the misuse of public funds regarding the long-running Tapie affair. Richard was placed under formal investigation regarding the case, a judicial source told Reuters. Show More Summary

Crude oil is surging (USO, WTI, OIL, VDE)

Crude oil is having a big day. West Texas Intermediate crude oil rallied by more than 3% to cross back above the $60 per barrel mark. On Wednesday, the Energy Information Administration said that crude inventories fell by 2.7 million barrels. Show More Summary

Ford sales growth mainly from Asia in next decade: exec

By Ben Klayman DEARBORN, Mich (Reuters) - Ford Motor Co sees most of its corporate sales growth over the next decade coming from the Asia Pacific region despite the recent slowdown in China auto demand, a top executive said Thursday....Show More Summary

There was a big spike in banks repossessing foreclosed homes in April

Housing data analysis firm RealtyTrac released a report on the number of foreclosure filings in April. RealtyTrac found that 125,875 properties in the US had foreclosure filings in that month, a 9% increase from April 2014. While that's...Show More Summary

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