Archive for September, 2011
The president of Kraft is the most powerful executive in the U.S., according to Fortune
Best Growth Stock – The chairman and chief executive of food group Kraft, Irene Rosenfeld, has driven the executive director of PepsiCo soft drink maker, Indra Nooyi as the world’s most powerful woman in U.S. business. Irene Rosenfeld tops the list of the 50 most powerful U.S. company that produced each year by Fortune magazine. [...]
The income of Americans fall for the first time in almost two years
Best Growth Stock – The income of Americans fell in August for the first time in nearly two years, or 0.1 percent, while spending rose 0.2 percent, according to the Commerce Department today. The decline in revenue, the first since October 2009, was reflected in a fall of 12,200 million dollars in wages, and surprised [...]
Wall Street closed up 1.3 percent
Best Growth Stock – Wall Street rebounded today’s advances in the final session of a lack of clear direction and finally the Dow Jones, closed up 1.3% in one day marked by the ratification of the enlargement of the European rescue fund in the German Parliament. This index, which includes thirty of the largest companies [...]
Citigroup cut its global growth estimates to 2.9 percent by 2011
Best Growth Stock – The research and analysis division of Citigroup today lowered its global growth forecast to 2.9% this year, an announcement released the same day that Goldman Sachs predicted there is a 40% chance that the global economy to stagnate. Citigroup economists also revised downwards its forecast for growth of gross domestic product [...]
The U.S. economy growing slow down but better than expected
Best Growth Stock – The U.S. economy grew at an annual rate of 1.3 percent in the second quarter, said the Government, whose final calculation for that period instilled optimism in the New York Stock Exchange and European markets. The Commerce Department today released the third and final estimate of the variation of gross domestic [...]
European Commission "happy" with the approval of German bailout
Best Growth Stock – The European Commission (EC) today welcomed the approval in the Bundestag (Parliament) of the expansion of German European Financial Stability Fund (EFSF). “Of course we’re happy, we welcome this new FEEF ratification of the strengthening of “community spokesman said Economic and Monetary Affairs, Amadeu Altafaj, the daily briefing of the European [...]
Amazon opens its Mandarin version in cooperation with the Chinese government
Best Growth Stock – The Internet giant Amazon.com today inaugurated its library in Mandarin version in collaboration with a Chinese state publishing in order to disseminate works of the Asian country in the network. Amazon said in a statement, the Chinese version will be held in cooperation with state-owned China International Publishing Group (CIPG) as [...]
The German Bundestag approved the extension of the euro rescue fund
Best Growth Stock – The Bundestag, the German parliament, today approved by a clear majority the extension of the European Financial Stability Fund (EFSF), with 523 votes in favor, 85 against and 3 abstentions, said chamber vice president, Wolfgang Thierse. The results also indicate that the parties of the coalition headed by Federal Chancellor, Angela [...]
Standard and Poor's warns that Japan needs a tax reform
Best Growth Stock – A new downgrade of Japan’s debt by Standard & Poor’s will be “inevitable” unless Tokyo submit a tax reform plan “credible and sustainable,” the analyst said Tuesday. Speaking to the local agency Kyodo, Takahira Ogawa, director of sovereign ratings at S & P said the negative impact of the earthquake and [...]
Santander expects to earn about 15 percent in Brazil in 2012 and 2013
Best Growth Stock – Santander Bank expects net profit of its subsidiary in Brazil to grow 15% in 2012 and 2013, insists he is ready to take advantage of growth opportunities with good risk management. This provision is included in the presentation given by the head of Santander Brasil, Marcial Portela, in the “Investor Day” [...]
