Author: InvestAdvocate

Survey: Economists more bleak about US economy

WASHINGTON (AP) — Fewer U.S. companies expect to hire new workers in coming months, as business economists grow increasingly pessimistic about the overall economy’s growth in the coming year. Nearly 85 percent of economic experts surveyed expect the economy to grow at a meager 2 percent or less over the […]

Greek banks battered by EU debt talks

ANTHENS, Greece (AP) — Shares in Greek banks are plunging on the Athens Stock Exchange amid expectations they will have to accept higher than agreed losses on the country’s government bonds as part of a new eurozone debt deal. Greek banks hold billions in the country’s government debt. Bank stocks […]

FBI reportedly probes Olympus fee; shares tumble

TOKYO (Reuters) – The U.S. Federal Bureau of Investigation is probing the massive advisory fee paid by Japan’s Olympus Corp in its takeover of a British company, a media report said, as the firm’s shares continued to slide over the scandal. The Japanese camera and endoscope maker abruptly dismissed its […]