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The case for buying oil stocks
NEW YORK (Fortune) -- Last week, the Paris-based International Energy Agency released its World Energy Outlook 2008 - a 578-page book full of future supply, demand, and price estimates which this year also included an eagerly-awaited study of 800 of themore
Repossessions of homes up by 12%
Arrears and repossessions have seen a big jump in just three months The number of properties repossessed by mortgage lenders rose by 12% to 11,300 in the third quarter of the year, the Council of Mortgage Lenders (CML) said. The number of borrowers inmore
Property repossessions up by 12%
Arrears and repossessions have seen a big jump in just three months The number of properties repossessed by mortgage lenders rose by 12% to 11,300 in the third quarter of the year, the Council of Mortgage Lenders (CML) said. The number of borrowers inmore
Banks 'must kick-start lending'
Banks' pessimism is to blame for slow lending, Mr Fall says Banks must start lending again to households and businesses, or face being named and shamed, according to the Treasury Select Committee chairman. Demand for full-scale nationalisation of moremore
Honda to close Swindon factory for two months
Honda Accord. Photograph: Garry Weaser/Guardian Japanese car giant Honda added to the economic gloom today, announcing it is to shut its UK factory in Swindon for two months in February and March next year . The plant's 5,000 employees will be laid offmore
IN DEPTH: Millions need help with housing
With house prices crashing, repossessions rising, unemployment soaring and construction at a standstill, keeping a roof over our heads is set to get much tougher. Two years ago the housing market was booming, banks lent borrowers five times their salarymore
Fullers upbeat amid downturn
Fullers says that it has increased its market share Fuller, Smith & Turner, brewer of London Pride, said it was confident it could 'cope well' even though the UK economic outlook did 'not look good'. The firm saw pre-tax profit fall 6% to 12m in the sixmore
Citigroup Tries to Stop the Drop in Its Share Price
For months, the nations largest banks have struggled to regain investors trust. In the center of the vortex is Citigroup, whose precipitous stock-market plunge accelerated on Thursday, sending shock waves through the financial world. The shares slumpedmore
Assessing innovation metrics: McKinsey Global Survey Results
A recent McKinsey Global Survey shows that companies are satisfied, overall, with their use of metrics to assess innovation portfolios?though many findings suggest that they shouldn?t be. The companies that get the highest returns from innovation domore
More on boomers
The twilight of the US baby boom generation is approaching, and with it deep, structural economic shifts whose impact will be felt for decades to come.1New research from the McKinsey Global Institute (MGI) shows that there is only one realistic way tomore
More on innovation metrics
A recent McKinsey Global Survey shows that companies are satisfied, overall, with their use of metrics to assess innovation portfolios?though many findings suggest that they shouldn?t be. The companies that get the highest returns from innovation domore
More on energy efficiency
A program that targets cost-effective opportunities in energy productivity could halve the growth in energy demand, cut emissions of greenhouse gases, and generate attractive returns. JULY 2008 â?¢ Diana Farrell and Jaana K. Remes In This Articlemore
Citi plunges 26% - lowest in 15 years
Prince Alwaleed Bin Talal, the embattled bank's largest individual shareholder, is raising his stake back to 5%. But stock continues to plunge. NEW YORK (CNNMoney.com) -- Citigroup Inc. suffered another brutal day on Thursday as shares tumbled to theirmore
Bank of New York Mellon To Cut 1,800 Jobs
DOW JONES NEWSWIRES The Bank of New York Mellon Corp. (BK) will cut 1,800 jobs, or about 4.2% of its worldwide work force. 'It has become clear that we need to take additional steps beyond our merger synergies to reduce expenses, given the currentmore
Big banks get crushed
Citigroup and other big-name banks are continuing to plunge. And it may not be over. NEW YORK (CNNMoney.com) -- Bank stocks plunged again Thursday with some of the biggest names in the industry falling to their lowest levels in more than a decade. It'smore
Black Eyes For Optics Companies
Look for Corning and JDS Uniphase to emerge from the shakeout for high-tech glass and fiber optics. Last year a reader wrote to me wondering what I thought about companies in the optics sector. My response then was that even in the face of relativelymore
Barnes & Noble Bares Its Ugly Books
Barnes & Noble just reported a third-quarter loss of $18.4 million, or 34 cents per share, compared with profit of $4.4 million, or 7 cents per share, a year earlier. Same-store sales fell 7.4% for the quarter. Barnes & Noble (nyse: BKS - news -more
Saudi prince to boost Citi stake
Prince Alwaleed Bin Talal, the embattled bank's largest individual shareholder, is raising his stake back to 5%; but stock continues to plunge. NEW YORK (CNNMoney.com) -- Citigroup's largest individual shareholder, Saudi Prince Alwaleed Bin Talal, saidmore
Saudi prince to boost stake in Citigroup
Prince Alwaleed Bin Talal, the embattled bank's largest individual shareholder, is raising his stake back to 5%; but stock continues to plunge. NEW YORK (CNNMoney.com) -- Citigroup's largest individual shareholder, Saudi Prince Alwaleed Bin Talal, saidmore
GMAC seeks bailout
General Motors' finance arm seeks capital infusion from Treasury as it files to become bank holding company. NEW YORK (CNNMoney.com) -- GMAC Financial Services announced Thursday that it is seeking government assistance, trying to access the $700 billionmore
UPDATE: Rolls-Royce To Cut Up To 2,000 Jobs In 2009
LONDON -(Dow Jones)- Rolls-Royce Group PLC (RR.LN) Thursday said it will cut 1,500 to 2,000 jobs worldwide in 2009, or 4% of its total workforce, in response to the economic slowdown and delays in aircraft programs. The news rattled investors, who soldmore
Rolls-Royce To Cut Up To 2,000 Jobs In 2009
LONDON -(Dow Jones)- Rolls-Royce Group PLC (RR.LN) Thursday said it will cut 1,500 to 2,000 jobs worldwide in 2009, or 4% of its total workforce, in response to the economic slowdown and delays in aircraft programs. The U.K.-based jet engine maker, whichmore
From lean to lasting: Making operational improvements stick
By focusing on the ?soft? side of lean and Six Sigma initiatives, leading global companies gain substantial, scalable, and sustainable advantages. NOVEMBER 2008 â?¢ David Fine, Maia A. Hansen, and Stefan Roggenhofer In This Article Sidebar: Amore
Ecotality Comes Up Short
Ecotality, a battery maker for electric cars, came up short of Wall Street's earnings expectations. The Scottsdale, Arizona, company Wednesday reported a net loss of $1.56 million, or $0.01 per share, on revenue of $2.9 million for the third quarter,more
RBS shareholders vote on bail-out
RBS has been hit hard by the financial crisis Shareholders of the Royal Bank of Scotland (RBS) will vote later on Thursday on whether to accept a 20bn ($29.9bn) government bail-out. The government is expected to gain up to 60% of RBS, if the deal goesmore
Dow Drops Below 8,000 on Latest Economic Data
Shares on Wall Street closed at their lowest levels in five years on Wednesday as hope dimmed in Washington for an emergency bailout of the auto industry. The late-day sell-off came in frenzy amid growing fears of deflation. The Dow Jones settled belowmore
Sirius XM at 17 cents - look out below
NEW YORK (CNNMoney.com) -- 'Brother, can you spare a dime?' During the Great Depression, ten cents could buy a little something for those really hard up. During this financial crisis, ask for two dimes, and you can get a share of Sirius XM. That's right,more
Recession To Stall Nokia?s U.S. Invasion
It owns a staggering 40 percent of the global handset market, yet Nokia possesses a paltry 8 percent share of the United States pie, and zero carrier relationships, and the bad news does not end there, analysts say. The recession, and the growingmore
Mortgage rescue or rip off?
NEW YORK (CNNMoney.com) -- If mortgage lending was the Wild West during the boom years, foreclosure-prevention counseling is the lucrative new frontier of the bust. Nearly 1.6 million borrowers are in jeopardy of losing their homes this year, accordingmore