WASHINGTON (Reuters) - Democrats will pack greater clout when the new Congress convenes on Tuesday but they face enormous expectations from voters as they grapple with two wars, a financial crisis and record budget deficits.
WASHINGTON (Reuters) - U.S. Securities and Exchange Commission chairman Christopher Cox, responding to heavy criticism, said in an interview published on Wednesday he takes pride in his response to the U.S. financial crisis.
NEW YORK (Reuters) - Goldman Sachs Group Inc reported its first quarterly loss since going public nine years ago as plunging stock, debt and real estate markets caught up with a Wall Street leader that had sidestepped the worst financial crisis in decades.
LONDON (Reuters) - Japan and Europe sought on Friday to prop up their faltering economies after a $14 billion rescue package for America’s top auto makers collapsed, deepening the worst financial crisis in 80 years.
If James Bond’s License to Kill gets revoked, he’d have no problem finding work as a corporate spy. To the short list of sectors that stand to gain from the financial crisis, add corporate intelligence firms. They are seeing a dramatic uptick in business from a surge of banks, private equity firms, and hedge funds that need to make sure those pesky multimillion-dollar investments they made when times were good will hold up.
With credit in a tight squeeze and the economy in free fall, the next few years should see the collapse of some small PC makers and a restructuring of the rest of the industry, according to an industry research firm.
Richard Shim , personal computing research manager at IDC, told Computerworld that he expects a consolidation of the market.
Click to continue reading “IDC: Economic crisis will kill off some PC makers”
IT vendors may be growing increasingly desperate amid the global economic downturn, but customers must employ a range of tactics — not just bullying — to extract cost savings from them, a group of Forrester Research analysts said during a client teleconference Wednesday.
Companies simply can't use a shotgun-style approach and expect to succeed, said software licensing analyst Duncan Jones: "Anything that is undifferentiated, like a general letter that goes out [to vendors] saying we've got to cut everyone's maintenance by 10 percent?
Click to continue reading “Forrester: How to squeeze your vendors”
On Oct. 14, the U.S. Treasury announced it would spend $250 billion of taxpayer money to buy shares in U.S. banks. The feds hope that the infusion will resolve the financial crisis paralyzing the economy. Here, in 300 words or less, is everything you need to know about it.
It may be years before we can judge the government’s success in fighting the financial crisis. But an early assessment of Henry Paulson’s Troubled Asset Relief Program is already taking shape.
On the surface, this financial crisis seems pretty complicated. Wall Street firms made convoluted bets on exotic mortgage securities, and those bets failed for a complex set of reasons. But in fact, investment banks went under for reasons that were quite basic.