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 [...]

Publicis has raised its expectations for 2010 after having exceeded expectations in the first half to gain the favor of budgets and increased spending of its customers.
The third group in terms of global advertising revenues for 2010 it now expects organic growth above the rate of 3.5% estimated for the global market through [...]

Greece will receive a second tranche of funding from the European Union (EU) and International Monetary Fund (IMF) because Athens has fulfilled the conditions prescribed in its austerity plan, announced by the Minister of Finance in the Weekly Kosmos tou Ependyti.
Representatives of the EU, IMF and European Central Bank (ECB) will be in [...]

The Paris Bourse has picked lower Thursday in the opening exchanges in the wake of Wall Street affected by pessimistic about Fed Chairman Ben Bernanke on U.S. growth.
At 9:28, the CAC 40 was down 0.36% to 3481.19 points.
Rodamco Unibail-resistant, with a gain of 2.9%, largest increase in ACC after the announcement [...]

U.S. consumer confidence plunged in June after three consecutive months of increases, due to concerns related to the job market, according to the index of employers' organization the Conference Board released Tuesday.
This index thus amounted to 52.9 in June against 62.7 (revised from 63.3) in May
Analysts polled by Reuters expected at [...]

Major European stock markets closed in negative territory for the second straight session, driven down by falling record sales recorded by the new homes in the U.S. in May, which has increased investors' fears about a slowdown the world economic recovery.
Do not arriving during the session to surpass 3,700 points, the Paris Stock [...]

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 [...]