Description: “Looking for CD or Money Market Rates? You can do better.†That’s the pitch that greets visitors to General Electric’s (GE) Interest Plus website. GE, Duke Energy (DUK), Ford Motor (F), and Caterpillar (CAT), are among companies enticing a growing number of individuals to buy their debt through investments sometimes billed as higher-yield alternatives to checking accounts and money market funds.
Description: Follow the money when executives spend their own. When CEOs or corporate directors plunk down cash to buy shares of their company, it can speak volumes.
Description: A third straight disappointing monthly U.S. jobs report pushed the Dow industrials into the red for 2012. Russell Investments Chief Market Strategist Stephen Wood on The News Hub discusses today’s big market moves and whether it’s likely to continue into the summer.
Description: On today’s “Insight & Action,” Adam Johnson looks at how stocks perform in May. He speaks on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)
Description: Cobbling a bunch of zombie banks together has created a monster that the Spanish government cannot afford to kill. More consolidation isn’t the answer.
Description: As Greece prepares for a June 17 election that may determine whether it exits the euro, the attention has shifted to Spain, where the problems are different—and much larger. Greece’s troubles stem from excessive government borrowing; Spain suffers from a property bust and its banks remain crippled by an estimated €184 billion ($230 billion) in troubled real estate assets. The government is struggling to devise a rescue plan as the country grapples with a deepening recession and 24 percent unemployment.
Description: Employment at General Motors of Canada Ltd., once the biggest employer by far in the auto sector in Canada with more than 40,000 workers, will fall to about one-fifth that number by next June when it ceases production on one of two assembly lines at its Oshawa, Ont., plant.
Description: As Facebook’s underwriters were frantically trying to shore up Facebook’s share price following the company’s IPO, managers at the same firms were helping short-sellers bet that the newly minted stock would fall. Jonathan Cheng has details on digits.