Archive for the ‘Business’ Category

Hindenburg Omen predicted in September in the US stock markets by it's creator, Jim Miekka, who has has sold all his stocks aftre the third occurrence. The markets are predicted to crash by September. What is Hindenburg Omen? Hindenburg Omen is a technical analysis pattern in the stock markets. Hindenburg Omen is said to predict a stock ... Full story

BP: Tony Hayward to be replaced by Robert Dudley as CEO On October 1. BP CEO Tony Hayward will step down as chief executive of BP, the company announced Tuesday, amid ongoing outrage over the oil spill in the Gulf of Mexico. BP said Hayward will be replaced by American Robert Dudley effective ... Full story

Nokia CEO, Olli-Pekka Kallasvuo to be replaced by....... According to the latest news and updates Nokia cellphone maker, is looking for a new chief executive. The move comes as due to current CEO Olli-Pekka Kallasvuo is struggling to keep Nokia up with smartphone advances made by rivals such as Apple(AAPL), the ... Full story

Hewitt sold to Aon for $4.9 billion!  - Aon Corp. (AON) and Hewitt Associates (HEW) announced that both companies have approved a definitive agreement, Hewitt will play as a subsidiary of Aon. According to the two companies, "The aggregate consideration is valued at $50 per Hewitt share. ... Full story

Alcoa negotiations - can be a classic case study of using internet during wage negotiations. A sign of a growing trend of using internet and technology for information dissemination during the wage negotiations by unions. In this case Aloca when negotiating with USW or United Steelworkers have used a website - www.alcoanegotiations.com. Aloca is a metal producing ... Full story

National Grid plans £3.2bn raise from shareholders - National Grid has announced plans to raise £3.2bn from shareholders to spend on adapting the UK's power networks for renewable sources of energy. NationalGrid also announced annual profits of £2.2bn for last year, up from £1.4bn the previous year. Steve ... Full story

High-frequency trading refers to computerized trades seeking to profit from conditions too ephemeral for a human to exploit, like a miniscule increase in the spread between bid and ask prices for a given security, or a slight price difference for a stock traded on various exchanges. “HFT is not an inherently ... Full story

Narayana Kocherlakota named as Minneapolis Fed President. The Federal Reserve Bank of Minneapolis has named economics professor Narayana Kocherlakota as president of the bank. Narayana Kocherlakota will be replacing Gary Stern, who retired a month ago after 24 years. Narayana Kocherlakota is a professor at the University of Minnesota and has been ... Full story

Russell Mokhiber is editor of the Washington, D.C. based Corporate Crime Reporter. He is also founder of singlepayeraction.org which is a Single Payer Action Group which has called for boycotts of John Mackey's Whole Foods Inc. According to the website of Single Payer Action Group singlepayeraction.org: Last ... Full story

Bernie Madoff, full name Bernard Lawrence "Bernie" Madoff (71) is a former financier and convicted felon. Madoff, who once served as a non-executive chairman of the NASDAQ stock exchange, pled guilty to an 11-count criminal complaint, admitting to defrauding thousands of investors of billions of ... Full story