Author Archives: Darren Marchal

IBM 2Q earnings beat estimates

IBM reported growth in all of its key product areas and raised its income guidance for 2011 as net earnings for 2Q11 increased by eight percent to $3.7bn compared to $3.4bn in 2010, the company said late on Monday. The technology giant, which lifted its full 2011 year forecast to $13.25 a share following results,…

US investigates Credit Suisse

Banking giant Credit Suisse said Friday it had received notice that it is being investigated by the US Department of Justice and other authorities regarding private banking services provided on a cross-border basis to US taxpayers. The bank said in a statement it will continue to cooperate with US authorities to resolve these matters, and…

Moody’s downgrades US

US treasuries futures fell late on Wednesday after Moody’s Investors Services placed the US government on review for a possible downgrade, which could see it stripped of its AAA rating. The ratings agency upped the likelihood of the US defaulting on loan obligations, saying that the possibility was higher than a month ago when it…

Phone hacking may have included Downing Street

The attention surrounding News International – Rupert Murdoch’s media empire – intensified as allegations emerged that former Prime Minister Gordon Brown had personal data targeted by several News International publications. Brown on Tuesday accused Murdoch’s newspapers of employing criminals to obtain confidential details about him and his family. The former prime minister believes, while in…

JPMorgan Chase agrees record $211.2m settlement

JPMorgan Chase reached a record $211.2m settlement late on Thursday with federal and state regulators on charges it manipulated a bidding process to gain business from municipalities. The agreed settlement by the bank’s Wall Street division with 25 states and various federal regulators will see the bank paying, among others, the SEC, the Justice Department…

ThyssenKrupp to raise 1.7bn euro through share sale

German engineering and steel conglomerate ThyssenKrupp announced late on Wednesday plans to sell all of its remaining 49.48 million treasure shares accrued from its 2006 and 2008 buyback programmes. The share sale, which would generate €1.7bn based on Wednesday’s closing share price, will assist the company in paying off part of its €6.5bn debt. The…

How to Buy Real Estate in Mexico’s Restricted Zone – The Bank Tru...

Officially, according to Mexico’s constitution as established in 1917, only Mexican citizens and corporations can own properties in the country’s “Restricted Zone.” Fortunately for real estate investors, Mexico’s government saw the problems that this law posed for drawing international investment to the country. Instead of trying to change the constitution, the government implemented a system…