Fake profits shake Satyam. Satyam (SAY) shares are down over 70% in Indian trading after B. Ramalinga Raju, the company's founder and chairman, resigned and admitted over $1B of Satyam's balance sheet as of Sept. 30 was inflated non-existing cash and bank balances. In a letter to the board, Raju wrote that the inflated profits had accrued over the last several years and that he was making the ...
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Which class of stocks is more likely to outperform in 2009 – small caps or large caps? If big profits are the goal, here are half a dozen reasons to think small. Which is better for playing the 2009 rally – small caps or large caps?
Israel's agreed to halt its attacks in the Gaza Strip for three hours a day to enable the delivery of supplies to residents of the Hamas-ruled territory, media reports say.
Yesterday, Bank of America (BAC) said it would miss its 2008 numbers. There has been a good deal of talk that Jamie Dimon will be pulled off his thrown at JPMorgan (JPM) once the integration of Bear Stearns and write-off of consumer and business credit starts to hit its earnings. No one in the banking industry likes analyst Meredith Whitney. She is actually the most loathed person covering big ...
Russia's latest move in a pricing dispute with Ukraine has reduced or halted fuel deliveries to a dozen countries during a winter cold snap.
The halting of European gas supplies could push Ukraine and Russia to reach a quick solution.
Europe's six-session equity rally came to an end on Wednesday morning as the energy sector and banks dragged major indices lower
It would be hard to miss the headline that Alcoa (AA) fired 15,000 people yesterday. The actions of big companies are probably a much better indicator for what is ahead for the economy than forecasts from business professors. The fascinating and troubling aspect of the Alcoa cuts is that the company made $470 million in the last reported quarter and Wall St. estimates have it making a very mode...
The Euro has retraced close to half of December’s impressive rally against the US dollar and now looks poised for an upswing. The broad trend continues...
The supply of Russian natural gas to Europe through Ukraine completely halts Wednesday, escalating the stand-off over supplies just as temperatures are plunging across the region.