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Standard & Poor’s has downgraded the outlook on US sovereign debt from stable to negative. The S&P move comes amid intense wrangling in Washington over raising the US debt ceiling against the backdrop of strident debate between Democrats and Republicans over dealing with long-term government spending.
This indicated the worries over budget deficits and debt. The [...]
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- Tags: US Credit
Former chairman of several Berkshire subsidiaries–David Sokol defended his decision in buying shares in Lubrizol, a maker of speciality chemicals, before recommended to Warren Buffett. Mr. Sokol insisted that another key lieutenant had done the same thing.
Mr Sokol argued that he had done nothing wrong or unethical. However, some investors expressed concerns about Mr Sokol’s [...]
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- Tags: Buying Shares
US stocks had their best gains in three months, as a strong reading on employment and a drop in the price of oil helped investors breathe a sign of relief.
European stocks also finished in the black as the upbeat US economic data offset a statement by the head of the ECB that an interest-rate increase [...]
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- Tags: job market, Stocks Hum
Wall Street started the new trading year on a strong note. The rally of late 2010 resumed after encouraging signs about the economic outlook, with upbeat manufacturing and construction spending data.
Shares were also helped by data from China that indicated inflation easing in December, calming concerns the country may raise interest rates.
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The Anglo-Dutch consumer goods company–Unilever, announced that it had decided to purchase the U.S. beauty products company Alberto Culver for 3.7 billion dollars.
Unilever, the Dove soap, Pond’s skin cream and Vaseline makes, announced that Alberto Culver’s array of brands, including TRESemme, Nexxus, VO5, St Ives and single, etc.
The company will pay $37.50 in cash for [...]
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- Tags: beauty product
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