Financial news on May 24th, 2008
Business and Financial news
Thanks to a newfound economic stability and vitality, Brazil’s economy and middle class are growing, the former fueled by high commodity prices and the latter by the availability of credit. Read more..
Motorola’s reversal of fortunes has been striking, with a global market share of the cellular phone market below 10 percent, a plunge from 22 percent in 2006. Read more..
Sales of previously owned homes, which make up the bulk of the housing market, dipped 1 percent last month, according to the National Association of Realtors. Read more..
A 71-page internal audit said Jérôme Kerviel might have been helped by an assistant when he entered fake trades or unwound unauthorized positions at Société Générale. Read more..
American and Southwest hold shareholder meetings on the same day, but the gatherings couldn’t be more different. Read more..