EBay, Skype, Goldman, Morals And Principles

EBay is finally making plans to unwind itself from Meg Whitman’s appalling and astronomically expensive decision to acquire Skype. At the time of the acquisition’s announcements, the financial media, while showing surprise, did little to clarify why such a transaction...

New players challenge world order

[New players challenge world order Brazil, Russia, India and China, the so-called Brics, are predicted to emerge as major world players by 2050. In this,...

Stocks plunge anew as recession worries resurface

"Wall Street falls sharply as investors, worrying about recess, ponder Obama impact on economy NEW YORK (AP) -- A case of postelection nerves sent Wall Street plunging Wednesday as investors, looking past Barack Obama's presidential victory, returned to their fears of a deep...

Goldman may be set to post first quarterly loss

" NEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) could post its first ever quarterly loss as a public company in December, as market turmoil weighs on revenue for investment banking businesses and forces asset writedowns. One Wall...

U.S. warns banks that using bail-out money for pay and pensions to executives...

Glad to see this response as the elite fat bosses should not be compensated with tax payers money.     " Using bail-out money for anything other than lending - such as paying bonuses or pensions to Wall Street executives - will be a criminal offence, the...