Blog
Beijing has yet to put together a credible response as to what should be done with zombie companies, the huge swath of unprofitable state-owned enterprises surviving on the good will of the Chinese government. Until it does, private companies in the world’s second-largest economy will continue to fight an uphill battle for growth, and China’s reform efforts will share a key characteristic with the mythical creature in question: not dead, but not really
Profits have soared since the global financial crisis at the five biggest U.S. banks with market-making dealing operations, New York Federal Reserve economists said in an article released on Wednesday. From 2009 to 2014, the combined net income of J.P. Morgan, Citigroup, Bank of America, Goldman Sachs and Morgan Stanley annually averaged $41.73 billion, up from annual average of $25.08 billion from 2002 to 2008, they said.
Profits have soared since the global financial crisis at the five biggest U.S. banks with market-making dealing operations, New York Federal Reserve economists said in an article released on Wednesday. From 2009 to 2014, the combined net income of J.P. Morgan, Citigroup, Bank of America, Goldman Sachs and Morgan Stanley annually averaged $41.73 billion, up from annual average of $25.08 billion from 2002 to 2008, they said.
Stevie Wonder is an unmarried man once again…but not without some pricey baggage. According to divorce papers obtained by People, the singer’s split from second wife Kai…
No question: Kanye West is a fan of Caitlyn Jenner. Back in April, the 65-year-old E! star revealed in her interview with Diane Sawyer that daughter Kim Kardashian was “by…
Bristol Palin is rocking that pregnancy glow! Now that the end of her pregnancy is in sight Bristol is gearing up for the delivery of her second child, but she’s not letting fatigue…
(Reuters) – Alphabet Inc, formerly Google Inc, announced a new open source code that allows faster loading of Web pages with heavy content such as video, animation and graphics on smartphones and tablets. Twitter Inc, LinkedIn Corp, Pinterest, WordPress.com, Chartbeat, Parse.ly and Adobe Analytics are among some of the technology companies that will adopt the code, called accelerated mobile pages (AMP), Alphabet said on Wednesday. (http://bit.ly/1FTemdM) Separately, Twitter said in
Google announced on Wednesday it is piloting a program called Accelerated Mobile Pages that allows users to search for news and pull up a host of articles from publishers instantly. “This is a deal-less environment,” Richard Gingras, head of news at Google, said at a media event announcing the program. Google, whose parent company is now Alphabet Inc, is currently piloting the program.
Sony Corp Chief Executive Kazuo Hirai said on Wednesday the company would consider options for its smartphone unit if it failed to turn a profit in the next business year. The company in July lowered its forecast for its mobile communications unit to an operating loss of 60 billion yen in the current fiscal year from an earlier estimate of a 39 billion yen loss.
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
