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Global Investing Roundups
Siemens Settle Bribery Charges for $1.3 Billion; Google Walks From Yahoo; Enbridge Channels 88% Profit Growth; FCC Approves Sprint-Clearwire Merger; GMAC Finance Revenue Stuck in Reverse; Time Warner Revenue Unchanged; Molson Coors Pops; News Corp. Profit Down 30%
- Siemens AG (SI) put aside nearly $1.3 billion to settle charges that it bribed government officials around the world to win contracts. The concessionary provision will affect earnings for the year ended Sept. 30, Bloomberg reported.
- Internet titan Google Inc. (GOOG) announced Wednesday (yesterday) that its wariness for antitrust-related legal battles ultimately killed discussions with Yahoo Inc. (YHOO) about forming an advertising partnership, the New York Times reported.…
U.S. Market Crisis: Paulson saves the day
Oh, good, I was worried there for a minute. But the government says it’s going to make sure we never have another mortgage crisis. Hoorah!
And how, exactly, is it going to do that? Well, Treasury Secretary Mark Paulson has an idea: Shuffle oversight entities around to cut out redundancy.
Yes, dear friends, we don’t have to worry about securitization or evil banks trying to turn a profit when you borrow money from them ever again because Paulson is making sure that the SEC joins forces with the Commodities Futures Trading Commission (CFTC), and he wants to unite the Office of Comptroller…
31Mar2008 | Stephanie Grimmett | Comments Off | Continued
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