Posts Tagged ‘Cooperative’

Facebook’s quarterly earnings to be released this week

Nathan Andrada – Fourth Estate Cooperative Contributor New York, NY, United States (4E) – In its first quarterly earnings reports since its public listing two months ago, social media Facebook is expected to post disappointing numbers. The announcement on the company’s performance this week follows one of the most highly anticipated initial public offerings in […]

APEC banks reaffirm cooperation to better serve SMEs

Fourth Estate Cooperative Staff Manila, Philippines (4E) – Thirteen banks from the Asia Pacific Economic Cooperation (APEC) bloc serving mostly small and medium enterprises (SMEs) reaffirmed their cooperation to better serve SMEs during a meeting in Manila on Thursday. Heads of delegates from Standard Chartered Bank Hong Kong (SCBHK), Japan Finance Corp. (JFC), Industrial Bank […]

South Korea’s central bank cuts policy rate to 3%

Nathan Andrada – Fourth Estate Cooperative Contributor Seoul, South Korea (4E) – The South Korean central bank surprised the markets on Thursday by lowering its key benchmark interest rate by 25 basis points citing worsening economic conditions in the U.S. and Europe, along with softening demand for local goods in emerging markets. Economists see this […]

June payrolls miss estimates, holding unemployment above 8%

Nathan Andrada – Fourth Estate Cooperative Contributor New York, NY, United States (4E) – U.S. employers hired less workers than what was estimated in June, signalling sluggish progress towards reducing unemployment. The Bureau of Labor Statistics issued its report Thursday showing that the economy just added 80,000 jobs, which means the unemployment rate remains unchanged […]

California court bars sale of Samsung tablet in U.S.

Fourth Estate Cooperative Staff San Jose, CA, United States (4E) – A federal court in California has issued an injunction against the sale of Samsung Galaxy Tab 10.1 in the U.S. U.S. District Judge Lucy Koh issued the relief sought by Apple Inc. on Tuesday evening citing that the Samsung product likely infringes on the […]

Nokia to cut 10,000 jobs, close three plants

Windsor Genova – Fourth Estate Cooperative News Writer Helsinki, Finland (4E) – Finnish phone giant Nokia announced Thursday it will cut 10,000 jobs worldwide and close three plants to lower operating expenses in the face of expected losses in the second quarter. Chief executive Stephen Elop, who took over the company in September 2010, said […]

Sliding home values knock 40 percent from U.S. household median net worth

Diane Alter – Fourth Estate Cooperative Reporter New York, N.Y., United States (4E) – Sinking home values have contributed to a 39 percent decline in the median U.S. household from 2007 to 2010. A Federal Reserve report Monday underscored the impact of the financial crisis and the recession on the average American. Taking the biggest […]

Kraft dumps NYSE for NASDAQ

Diane Alter – Fourth Estate Cooperative Reporter New York, N.Y., United States (4E) – Kraft Foods announced that it will transfer its stock listing to the NASDAQ from the NYSE Euronext effective June 26. The fabled maker of Oreo cookies and Mac N’ Cheese said the move “will yield great cost efficiencies, while providing visibility […]

U.S. Treasury note yields fall as nervous investors seek safety

Linda Young – Fourth Estate Cooperative Writer Washington, D.C., United States (4E) – The yield on 10-year Treasury notes fell to an all-time record low of 1.659 percent as nervous investors decided keeping their money safe was most important. Yields, or the interest paid on 10-year notes, moves inversely to prices. They are tracked by […]

Options on Facebook to start trading Tuesday

Diane Alter – Fourth Estate Cooperative Reporter New York, N.Y., United States (4E) – Just days after Facebook’s less than stellar initial public offering, options on the social networking giant begin trading Tuesday on the NYSE Amex stock exchange. BATS Options Exchange will list options Wednesday. Initial strikes will be from $ 16 to $ […]