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First Solar Inc. on Wednesday cut its earnings and revenue estimates for 2011 due to weather delays and other unspecified issues with some company projects.
The Tempe, Ariz. solar manufacturer said it expects to earn between $5.75 and $6 per share on revenue of $2.8 billion to $2.9 billion in 2011. That’s down from an already […]
Any hopes that the 17-country eurozone will avoid sliding back into recession in the wake of a debt crisis that’s shown alarming signs of spreading to the bigger economies appeared to have been dashed Wednesday.
A couple of indicators show that the eurozone economy is in deep trouble and that the debt crisis is denting confidence […]
Filed under: Uncategorized, interest rate by Forest
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Baby boomers fully embraced the stock market by riding its ups and downs throughout their peak income years.
But now that the oldest boomers are turning 65, their focus has turned toward ensuring a steady income from their investments. And they’re likely to find that the answer is to put money in bonds rather than stocks, […]
Stocks are opening broadly higher after an unexpected drop in unemployment claims and signs of progress in Europe’s debt crisis. The gains came one day after the Dow Jones industrial average sank nearly 400 points.
Concerns about Europe eased slightly after Italy sold debt at borrowing rates that were more favorable than analysts expected. Greece named […]
Online coupon seller Groupon Inc. is discounting its expectations for its first stock offering.
The Chicago-based company, which offers consumers daily discounts targeted toward their city and preferences, now expects net proceeds of about $478.8 million from its initial public offering of 30 million shares. In June, it said it hoped to raise up to $750 […]
Ford’s credit rating was lifted to within one level of investment grade Friday, making it cheaper for the automaker to borrow, after it secured a new contract with workers.
Standard & Poor’s Ratings Services raised Ford two levels to “BB+” from “BB-,” saying the agreement will allow its North American operations to remain profitable.
Ford Motor Co. […]
Greece’s international creditors warn that a second rescue package tentatively agreed in July may not be enough to save the country from bankruptcy, but believe Athens should nevertheless get its next batch of bailout loans, according to a draft of a debt inspectors’ report obtained Thursday by The Associated Press.
Although the inspectors said Greece has […]
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Higher bank fees are here to stay.
The latest third-quarter earnings reports from this week confirm that banks are struggling to make money the old-fashioned way, by lending money to consumers and businesses. The main reason: interest rates are at historic lows. That makes it harder for banks to charge high rates on loans.
New rules have […]
Wal-Mart Stores Inc. said Monday the president of Walmart China is stepping down. A company spokesman said the move was unrelated to a Chinese government food safety case against several Wal-Mart stores.
Ed Chan, president of Walmart China since 2007 and also the unit’s chief executive, left for personal reasons, the company said.
The departure comes after […]