Fox Lake Towing and Recovery

Tag: Brazil


U.S. National Debt Is Huge, but It’s Not a Catastrophe

by on Jan.29, 2011, under Towing

Without a doubt, this country’s debt overhang needs to be chopped considerably. But does a large national debt doom a nation to economic ruin? Only if you believe that countries like Germany, France, and Japan are economic basket cases, too.

Continue reading U.S. National Debt Is Huge, but It’s Not a Catastrophe

U.S. National Debt Is Huge, but It’s Not a Catastrophe originally appeared on DailyFinance on Sat, 29 Jan 2011 10:00:00.

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Currency Wars Are Heating Up Across Latin America

by on Jan.11, 2011, under Towing

They’re gearing up for a potentially damaging round of currency interventions to help keep their economies competitive, especially against China. Says Brazilian Finance Minister Guido Mantega: “This is a currency war that is turning into a trade war.”

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Currency Wars Are Heating Up Across Latin America originally appeared on DailyFinance on Tue, 11 Jan 2011 06:30:00.

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GE Agrees to Buy Wellstream for $1.3 Billion

by on Dec.13, 2010, under Towing

General Electric Co. (GE) will buy Wellstream Holdings Plc (WSM), a British oilfield-services provider focused on the Brazilian market, for 800 million pounds ($1.3 billion).

The deal is worth 786 pence per share of Wellstream, including a 6 pence special cash dividend, Bloomberg News reported. That’s 29% higher than the stock’s closing price on Sept. 20, the day before Wellstream said it had…

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GE Agrees to Buy Wellstream for $1.3 Billion originally appeared on DailyFinance on Mon, 13 Dec 2010 06:33:00.

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Starbucks Plans Major Expansion in China

by on Dec.01, 2010, under Towing

Starbucks said Wednesday that it plans to grow its worldwide sales by expanding its 220 stores in mainland China to “at least” 1,500 by 2015. The world’s largest coffee chain also is planning to add stores in Brazil, Russia and India.

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Starbucks Plans Major Expansion in China originally appeared on DailyFinance on Wed, 01 Dec 2010 19:15:00.

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