This "Junk Rally" Could Burn Stock Investors
To the bulls, I say: I suppose one must take one’s gains where they are to be found. However, you should be aware that the recent rally is built on shaky foundations; indeed, it is the poorer-quality companies that have experienced the largest gains. This has serious implications for all prudent investors.
Paulson fund buys 168M shares of Bank of America
Paulson & Co. scoops up Bank of America shares worth about $2.67 billion, 4th-largest stake
NEW YORK (AP) — The hedge fund run by John Paulson, who foresaw the distress in subprime mortgages and reaped billions by betting against the related securities, has bought about 168 million shares of Bank of America Corp., according to a [...]
Microsoft, Nokia form alliance to rival RIM
* Top software, cellphone makers join forces
* Microsoft to offer Office applications on Nokia devices
* Alliance is challenge to RIM’s BlackBerry devices/service (Adds bylines; executive, analyst comments, updates shares)
By Bill Rigby and Tarmo Virki
SEATTLE/HELSINKI, Aug 12 (Reuters) – Microsoft Corp (MSFT.O) and Nokia (NOK1V.HE) announced an alliance on Wednesday to bring business software to smartphones [...]
Fed Views Recession as Near an End
WASHINGTON — Almost exactly two years after it embarked on what was the biggest financial rescue in American history, the Federal Reserve said on Wednesday that the recession is ending and that it would take a step back toward normal policy.
Though the central bank stopped well short of declaring victory, policy makers issued their most [...]
Looking for a job? Try LinkedIn or Twitter
LOS ANGELES (Reuters) – Job-seeking in this 21st century recession may just have gone viral and mobile.
Since the start of the recession in December 2007, about 6.7 million workers have been laid off according to latest statistics — at a time the popularity of social networking sites such as Facebook, LinkedIn and Twitter have exploded, [...]