Financial News, Economic Education, Analysis

The CEO of Hewlett-Packard Co., Mark Hurd, under investigation for sexual harassment, resigned Friday, said the U.S. computer group.
Hurd, who was head of HP since 2005, will be replaced by Chief Financial Officer Cathie Lesjak, who will serve as interim executive director.
According to HP, an investigation into allegations of sexual harassment [...]

The Japanese company Astellas Pharma has announced a fall of 18.2% of its current quarterly earnings and sharply reduced its annual earnings forecast, to take into account the cost of a license extension and the impact of yen appreciation .
Astellas said it would again cut its earnings outlook after the publication of its [...]

Global growth will slow in the coming months, in the wake of China and the United States, because of austerity plans implemented in various countries, according to a Reuters poll.
However, several Asian countries, like India and South Korea, should yield better performance this year that envisioned a few months ago.
Ultimately, the [...]

The Paris Bourse was up in early trade on Thursday and back above 3,500 points after a sharp rise in New York, buoyed, like Europe, by bank and by the optimistic forecasts on State Street the quarterly earnings season.
The European markets have embraced the methodology of stress testing of banks in Europe and [...]

Publicis expects organic growth above 3% in 2010, said Friday Chairman of its Executive Maurice Levy in an interview with Reuters on the sidelines of the festival "Cannes Lions".
He reported an acceleration of organic growth of Publicis in the second quarter compared to the first and perspectives become more favorable for the second [...]

Every month or so, President of Bernard Krief Consulting, Louis Petiet, is talked about. Just last week, are the auditors of the company that launched an alert on the accounts of Krief Group. In late 2009, however, some saw in this new defender of French industry, the savior of SMEs difficulties. Multiplying redemptions in [...]

Spain is the subject of any concerns this week. Financial Times highlights the massive refinancing of Iberian banks from the ECB while El Econmista, a Spanish newspaper, described the preparation of a plan with 250 billion euros to avoid a crisis of "liquidity". A rumor that only reinforce the arrival of Dominique Strauss-Kahn in [...]

In explanation improbable fake emails Jerome Kerviel told Wednesday, the 7th day of his trial how he had circumvented the controls that, throughout 2007, were astonished abnormalities detected in its operations. "Whether it's stupid, stupid, I grant you that (…) but I was in a spiral … it was a boulevard, has once again [...]