News Corp. analyze the possibility selling the company that calculates indices Dow Jones

The American company News Corp. examines selling the company that calculates the Dow Jones index, with a history of 125 years, of American stock exchange. Also, they hired the financial group Goldman Sachs to attract investors, said a close source to situation cited by the British daily Financial Times. News Corp., a company controlled by billionaire Rupert Murdoch, took over the Dow Jones’ business... Read More

Profit of the French bank Societe Generale fell by 52%

Societe Generale, the second bank in France by market value, has announced that profits fell by 52% in the second quarter, below analysts’ expectations, on the background of write-down operations (reduction accounting value of assets) and increase provisions to loans. The lowered profit of 309 million euro from 644 million euro after a year, according to the bank headquarters in Paris. The results... Read More

European exchanges have opened in climbing

European banking opened Monday session in climbing for the sixth consecutive days, based on the fund expensive bank securities after the market was covered by the optimism generated by a possible injection of three billion U.S. dollars granted to CIT Bank Group, transmits NewsIn. Pan-European index FTSEurofirst 300 advanced by 0.9% to 878.61 points. The amount increased by approximately 35% from the... Read More

The real crisis will start in 2011

American analyst Harry Dent, who announced in a book released in 2004 that the world will be in a deep depression around 2010, forecast that the global economy will enter a crisis much larger than this one in maximum 2 years. According to the analyst Harry Dent, an economist who conducted the analysis taking into account demographic trends and the influence curves of birth, the point of maximum crisis... Read More

U.S. bank JP Morgan had profits of 2 billion U.S. dollars

JP Morgan Chase, the fourth big U.S. bank by value of assets owned, has returned to profit in the first quarter of 2009, on the fund revenues record, registered in the segment of investment banking. Bank profits were 2.14 billion U.S. dollars (1.61 billion euro), with 10% below the 2.37 billion U.S. dollars from the similar period of 2008. Total income of the investment division had climbed to 8.3... Read More