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

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 bask…

Currency Wars Are Heating Up Across Latin America

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 tu…

GE Agrees to Buy Wellstream for $1.3 Billion

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 sp…

Starbucks Plans Major Expansion in China

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…