Obama to speak out; Republicans rage

Markets remained stable on Thursday as investors await President Obama’s speech on job proposals detailing plans of boosting employment before a joint session of Congress. President Obama is said to put forward a jobs package of an estimated $300bn amid US voter frustration over the country’s 9.1 percent unemployment. The plan will outline measures to…

Saab files for bankruptcy protection

Swedish car manufacturer Saab on Wednesday filed for bankruptcy protection from creditors amid mounting debt and production stoppages in a last minute attempt to save the brand. The filing at the Swedish court includes its subsidiaries Saab Powertrain and Saab Tools but excludes overseas subsidiaries and Saab Parts. The car maker signed a financing agreement…

How To Buy Gold

It’s hard to find safe investments these days, especially with the economy always on edge. A classic safe-haven investment throughout history has been precious metals, or more specifically, gold. But there can be drawbacks to investing in gold and there are multiple ways to do so. The following article will cover all the different ways…

Lawsuits over mortgage debt rattle bank shares

European banking shares on Friday dropped sharply in anticipation of US jobs data and a published report that the Federal Housing Finance agency is planning to file a lawsuit against “more than a dozen” banks over alleged misrepresentation in mortgage backed securities. Alleged targets of the planned lawsuit are said to include JP Morgan Chase,…

Asian manufacturing heralds jittery September start

As increasing prices continue to aggravate Asia’s governments moving into September, manufacturing activity slowed in August within Japan, Taiwan and South Korea, according to data released on Thursday. Investors in the US worried ahead of Labor Day – America’s annual holiday to welcome in September – that it would have adverse affects across the water….

Rosneft ExxonMobil buddy up; Daryl Hannah arrested

Russia’s Prime Minister Vladimir Putin late on Tuesday announced an agreement between US oil conglomerate ExxonMobil and Russia’s Rosneft to explore the country’s oil-rich Arctic continental shelf. The deal replaces a comparable but failed agreement with BP that differs in that Exxon offers Rosneft assets in Texas and in the Gulf of Mexico in exchange…

How to Fund a New Business

If America is ever to get its domestic hiring engine in full gear again, new small businesses must lead the way, but only when investment monies are available to kick start the “gearbox” out of neutral.  The uncertainty in our present business environment has kept investors on the sidelines, making the funding of a new…