Eastman Kodak moves towards bankruptcy, hires Jones Day.

Eastman Kodak moves towards bankruptcy, hires Jones Day.

By Jay Raol - Oct 01, 2011

Eastman Kodak Co’s move to hire law firm Jones Day triggers a speculative wave in the stock market that photography giant might look at the option of filing for bankruptcy, leadi

Read More
Dow Responds to U.S Downgrade By Plunging Over 600 Points

Dow Responds to U.S Downgrade By Plunging Over 600 Points

By Jay Raol - Aug 09, 2011

In response to Standard & Poor’s first-ever downgrade on the outlook for the U.S economy from a triple-A rating to AA+, the Dow Jones Industrial Average reacted dramatically

Read More
Eurozone Woes Worsen: Moody’s Cuts Debt Rating for Portugal to Junk

Eurozone Woes Worsen: Moody’s Cuts Debt Rating for Portugal to Junk

By Jay Raol - Jul 06, 2011

Despite Portugal having negotiated a 78 billion euro bail-out package in May, the credit rating agency, Moody’s Investors Service, cut the Euro country’s debt rating to junk st

Read More
Greece PM Papandreou to Reshuffle Cabinet, enforce Austerity Plan

Greece PM Papandreou to Reshuffle Cabinet, enforce Austerity Plan

By Jay Raol - Jun 16, 2011

George Papandreou, Prime Minister of Greece, is all set to announce a new cabinet in his latest effort to further push for austerity measures; an absolute necessity if Greece wants

Read More