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Click to read - US economists upbeat on economic growth - Despite uncertainty in Washington and rising oil prices and interest rates, companies are upbeat on the prospects for economic growth in the next year, according to a quarterly survey of business economists.
Click to read - The Legacy Of Ben Bernanke - Ben Shalom Bernanke has served as chairman of the Federal Reserve (the “Fed”) during a tumultuous period including the biggest financial challenges faced by the United States since the 1930s Depression. Bernanke’s decisive actions during the rapidly escalating 2007-09 global credit crisis are widely acknowledged to have averted an economic catastrophe, while his unconventional policy measures jump-started a U.S. recovery after the “Great Recession.” But will Bernanke go down in history as one of the greatest-ever chairpersons of the Fed, or is his legacy likely to be tarnished by events after his departure?
Click to read Nokia Record Cash Targets Alcatel Wireless Unit: Real M&A - With Nokia receiving 5.44 billion euros next year for selling its handset unit to Microsoft Corp., the company’s cash is set to exceed 14 billion euros, its highest balance on record and the eighth-most among non-finance companies in Europe, according to data compiled by Bloomberg. At the same time, Alcatel-Lucent Chief Executive Officer Michel Combes is accelerating plans to scale down, including selling assets, to help the unprofitable French company survive.
