Several European Technology Firms pulled a tried and true American trick out of their hats to transfer wealth from stockholders to employees. It is not a move that was good for US stockholders, and it might be time to kick up a fuss about it. These firms are re-pricing employee stock options that are currently worthless.More...
As we noted last week the European Union is threatening to nix the merger of General Electric and Honeywell, two American companies. They can do this because GE does around $25 Billion in business in Europe. They hope to do more, teaming Honeywell's aircraft avionics business with their engines trade. The European Union has insisted GE divest the avionics business, the very thing GE is willing to pay $43 Billion for.More...
Microsoft, which might be able to settle its Windows 98 anti-trust case in the months head seems on a collision course with the courts again. The product this time is Windows XP. The environment however is radically different.More...
On Friday the NASDAQ's three day winning streak was trounced by a terrorist threat in the Middle East. As U.S. ships steamed out of port, trying to avoid a repeat of the USS Cole incident, stock prices that were marginally higher dropped. In reality it was a pretty good week for stocks. After weathering a flow of bad news, the good news still seemed to hold the day.More...
Invoking the words and spirit of Thomas Paine, investor-turned-historian John Bogle concedes that his ideas for revamping the mutual fund industry are perhaps "not yet sufficiently fashionable to procure them general favor." But despite likening the "ills and injustices suffered by mutual fund investors" to those "our forebears suffered under English tyranny," Bogle--founder of the Vanguard Group--makes a strong case for index funds with this exhaustive study of investing.
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