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Author Archives: Pete Southern

New Ore Hoisting Solution Order For ABB

New Ore Hoisting Solution Order For ABB

ABB secured a new order of $24 million for its ore hoisting solution. The solution is to be provided to George Fisher Mine of Xstrata Zinc which is situated very… Read more »

Another Gloomy Day For Investors

Another Gloomy Day For Investors

It was yet another day of increasing European bond yields which caused decline in U.S. share prices. The Dow Jones Industrial Average fluctuated between +24 and -113 points before ending… Read more »

General Motors Report Profit Drops In 3rd Quarter

General Motors Report Profit Drops In 3rd Quarter

In Europe General Motors Co. posted a drop of 15% in its 3rd quarter profit as compared to last year. As the automobile giant reported it won’t be capable of… Read more »

New Applications From Amazon For Kindle Fire

New Applications From Amazon For Kindle Fire

Amazon announced Wednesday that thousands of applications and video games are to be available on the Android tablet ‘Kindle Fire’ from next week. Applications – all developed under the Andriod… Read more »

Closer To A Deal In The Fight Over Mortgage Abuse

Closer To A Deal In The Fight Over Mortgage Abuse

Five of the most important banks out there could be forced to give around fifteen billion dollars to reduce the principle balances for homeowners that are having a hard time… Read more »

Slow Growth And The Current Economy

Slow Growth And The Current Economy

The economy is still recovering and in a fragile state right now due to slow growth, even though the stock market today looks heathly compared to late summer. United States… Read more »

European Reassurance Needed To Help Market Bulls

European Reassurance Needed To Help Market Bulls

The stock market today was up again, after continuously rising over the last three weeks, with Monday adding to the S&P 500’s gains. This rise was because propositions made investors… Read more »

Global Stock Markets Reach Another High

Global Stock Markets Reach Another High

On Monday, global stocks reached another high for a record seven weeks in a row. This was in large part due to the optimistic outlook of many European leaders in… Read more »

Apple High Expectations

Apple High Expectations

Once again, Apple, Inc. has high expectations after massive iPhone sales levels materialized. Despite this phenomenal success, Wall Street’s overriding consensus is that the biggest technology firm on the planet… Read more »

Fiscal Discipline Needed To Start Recovery In The Economy

Fiscal Discipline Needed To Start Recovery In The Economy

Ben Bernanke, the Federal Reserve Chairman said that the United States is facing a big crisis with a jobless rate increase of 9 percent since April of 2009. He thinks… Read more »

Negotiations Continue For Greece And Providing Continuing Aid

Negotiations Continue For Greece And Providing Continuing Aid

On Wednesday, the European Union verified that negotiations would continue in Greece over providing continuing aid. This had the effect of making most world stock markets suffer losses, although Wall… Read more »