News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment …
Author Archives: Leon
News Corp to take charge of up to $1.4 billion this quarter
Lobbying in American-US Airways deal focuses on small cities
US Airways Group and American Airlines , seeking approval for a merger that would create the world's largest airline, are warning lawmakers that a requirement to divest certain airport slots would lead …
Wall Street Week Ahead: Investors look for signs in the rally’s break
The stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward path. Next week could make it harder to figure out, considering …
Beppe Grillo Supports "Referendum on the Euro Within a year"
Via google translate from Corriere Della Sera, Beppe Grillo is in favor of a “Referendum on the Euro Within a year”
“Europe needs to be rethought. We consider just one year of information and then hold a referendum to say yes or no to the euro and yes or no to Europe. ” Beppe Grillo to ride a strong theme of the last election campaign the 5 Star Movement. “Europe on the euro and the British teach us democracy. No party can claim the right to decide for 60 million people. ”
“I want to go to Europe and re-discuss a Plan B to be in five years, “added the leader M5S, explaining:” When we do, then we are ready for a referendum and we decide whether to stay in the euro or not.”
Sooner or later this sentiment is going to catch fire. And the sooner the better for Europe when it does.
Also see Discussion in Spain on Leaving the Euro; Euro Exit Manifest.
Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com Mike “Mish” Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.
Wall Street Week Ahead: Investors look for signs in the rally’s break
The stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward path. Next week could make it harder to figure out, considering …
Last Trading Week of May Ahead After Holiday
It had to happen at some point. Wall Street finally broke its 4-week winning streak, with the major indices down overall this past week amid Fed tapering fears, a Nikkei plunge and weak manufacturing data from China.
Ex-Virginia bank executives guilty in financial crisis case
The former chief executive of a failed U.S. bank in Norfolk, Virginia, and three others were convicted Friday on bank fraud conspiracy and other charges for concealing loan losses in a scheme that contributed …
US opposes $20-million severance plan for AMR’s CEO – Los Angeles Times
Blouin News Blogs
US opposes $20-million severance plan for AMR's CEO
Los Angeles Times
The Justice Department on Friday opposed American Airlines' proposal to pay $20 million in severance to Chief Executive Tom Horton as part of the carrier's merger with US Airways Group Inc. The payment violates bankruptcy law, the U.S. trustee's office, …
US trustee again challenges proposed severance for AMR's CEOFort Worth Star Telegram
Justice Department opposes AMR's $20 million severance for CEO HortonReuters
Citigroup Presses AMR to Decide on Credit-Card TieBloomberg
Businessweek
Source: Business - Google News
Google to Bankroll, Build Wireless Networks Across Africa
Google intends to finance, build and help operate wireless networks from sub-Saharan Africa to Southeast Asia, hoping to connect a billion or so people in emerging countries to the Internet.
Visa, Mastercard Ask U.S. Court to Declare Card Fees Are Lawful
Visa and MasterCard, opening another front in an eight-year battle over credit card fees paid by retailers, on Friday asked a federal judge to declare that the fees do not violate antitrust law.
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