Tag: economy

Will activist investors crack AIG?

AIG sign

American International Group Inc. (AIG) is facing highly publicized pressure to split up its business from Carl Icahn. The billionaire activist investor believes the multinational insurance company can cut down on costs and federal regulation by dividing into three separate companies — one for property-casualty coverage, another for life insurance, and the third for mortgages.… Read More

Small businesses say America is off track

"Think Big, Shop Small" sign

The National Federation of Independent Businesses (NFIB) released a survey of small business owners earlier in October which illuminated serious concerns on America’s future. According to the survey, 63 percent of small business owners believe that the United States is on the wrong track, 71 percent are “very concerned with the size and growth of… Read More

Blue Christmas: Will retailers have a cheerful holiday season?

holiday shopping

The holiday season is the most lucrative time of the year for the retail industry, but sales growth is predicted to falter in 2015. Many sources, including the National Retail Federation, analytics firm RetailNext, market research firm NPD, and consulting firm AlixPartners, believe year over year holiday sales growth will shrink in comparison to 2014.… Read More

Trans-Pacific Partnership agreement finally reached: Should the U.S. be in or out?

After over 10 years of negotiations spanning changes in leaders and administrations across multiple countries, the Trans-Pacific Partnership (TPP) was agreed upon in Atlanta, Georgia earlier this month. The partnership encompasses 12 countries, which account for nearly 40 percent of world trade and have a combined population of approximately 800 million people.   The member… Read More

Americans, don’t be fooled: Unemployment rate decline does not tell full story

In the last few months, many well-known American companies — including Caterpillar, Wal-Mart, General Electric, and Hewlett-Packard — have announced large jobs cuts. At the same time, Bloomberg News has reported that the number of full time jobs in the United States surpassed pre-recession levels. Amid conflicting headlines and an incredibly volatile world economy, just… Read More

Government corruption threatens to cripple Malaysia’s economy

Protesters against Malaysian government corruption

Malaysian Prime Minister Najib Razak is under investigation by both domestic and international agencies for what could be the largest corruption scandal in his country’s history. Razak is accused of funneling approximately $700 million from 1 Malaysia Development Berhad, a strategic development company which the prime minister oversees, to his personal bank account. Malaysian, Swiss,… Read More