A year ago, Nick Carey went on a road trip around America for a project called “Route to Recovery” that took him to places hit hardest by the recession. Nick went to Saginaw, Michigan, this time for a follow-up special report on the manufacturing sector and structural unemployment: “Is America the sick man of the globe?”
By Mark Hosenball
On Tuesday, Julian Assange, the controversial Australian-born founder and frontman of the WikiLeaks website is scheduled to appear in a London courtroom for the latest hearing on a request by Swedish authorities that he be extradited to Sweden for questioning in a sexual misconduct investigation.
Wal-Mart, the world’s largest retailer, now has 189 stories in China, according to its website. Soon it will have many more. The U.S. chain has announced plans to open a series of “compact hypermarkets”, using a bare-bones model developed in Latin America, the Financial Times said.
Shares Lender Processing Services Inc fell as much as 9.8 percent at one point on Monday after Scot Paltrow’s special report said the company, which helps banks manage mortgage foreclosure documentation, faces more serious legal troubles than it previously disclosed. The stock closed 5.77 percent down for the day.
BOSTON – A battle royal is shaping up in the world of exchange-traded funds. After years of trailing in the race to attract new money from ETF investors, fund giant Vanguard is poised to take the top spot from iShares this year. But the big winners will be investors who are seeing fees plummet.
Two graphs tell an apparently conflicting story: analysts forecast a steady recovery in BP’s dividends, but its valuation remains weak. Tom Bergin’s close look at the potential costs facing BP as a result of its Gulf of Mexico oil spill helps explain the latter, but less so the former.