Goldman Sachs and LME: Aluminum Storage – Monopolistic Behavior

Goldman Sachs and the London Metal Exchange have had a case brought against them both in a court in the US regarding anti-competitive behavior in aluminum storage, with a monopolistic effect thrown in for good measure.  The lawsuit was filed on August 1st in Detroit Federal Court and it is Superior Extrusion that is aiming…

Orders Up, Unemployment Down

Seeing is believing is the only thing possible when we are in need of concrete evidence, since nothing else is convincing! Doubting Thomas-es that were all of us, most days and probably rightly so! But, if the recent developments in US factory orders and the unemployment rate are anything to go by, we might be…

LinkedIn Revenue Jumps 59%!

LinkedIn Corp (LNKD.N) announced a revenue surge that was far beyond expectations of analysts when second quarter revenue skyrocketed by 59%. Revenue stood at $363.7 million in the second quarter this year, while expectations were around $353 million. Earnings per share were at 38 cents for the second quarter, while the prediction amounted to 31…

Obama May Snub G20 Summit

Now that Edward Snowden has been granted temporary asylum in Russia and he has been allowed to leave the airport, things are starting to hot up between the US and Russia. Washington has expressed that they are ‘disappointed’ by the reaction of Moscow and there have been allusions to the fact that President Obama may…

Chinese and Koreans Keep EU Property Afloat

We are told that the Chinese do not have any money left, that the coffers are empty and that they will have to go the same way as the US and start printing presses rolling along so that the banks end up flush again and the economy rebounds. But according to new studies that have…

Lloyds Will Soon be Sold off

Lloyds Banking Group (LLOY: LN) in the UK has posted a £2.1 billion profit in the first half of this year. That’s the first time since the financial crisis took hold of it and rung it’s neck almost completely, when the government had to step in and bail it out by taking over 39% of…