- Chinese Proverb
- 중국속담
Showing posts with label Fortune. Show all posts
Showing posts with label Fortune. Show all posts
Friday, January 17, 2014
Happiness, Chinese Proverb
- Chinese Proverb
- 중국속담
Monday, April 16, 2012
Exxon's big bet on shale gas
http://tech.fortune.cnn.com/
Exxon's big bet on shale gas
April 16, 2012: 5:00 AM ET
America's most profitable company now produces about as much natural gas as it does oil. CEO Rex Tillerson thinks the fracking party has just begun.
By Brian O'Keefe, assistant managing editor
FORTUNE -- For Rex Tillerson fracking is more than a revolutionary approach to drilling oil and gas -- it's part of his personal history. Simply mention the word to the CEO of Exxon Mobil (XOM) and he starts reminiscing about his days as a young engineer. It was 1976, and Tillerson had been sent to East Texas for his second assignment at the company. His job was to follow around rigs drilling for natural gas and "complete" the wells. That meant experimenting with a process known as hydraulic fracturing, or fracking. By pumping water, sand, and chemicals down into a well at high pressure, he could cause cracks in the stone where the gas was trapped and allow more of it to flow.
Exxon's big bet on shale gas
April 16, 2012: 5:00 AM ET
America's most profitable company now produces about as much natural gas as it does oil. CEO Rex Tillerson thinks the fracking party has just begun.
By Brian O'Keefe, assistant managing editor
FORTUNE -- For Rex Tillerson fracking is more than a revolutionary approach to drilling oil and gas -- it's part of his personal history. Simply mention the word to the CEO of Exxon Mobil (XOM) and he starts reminiscing about his days as a young engineer. It was 1976, and Tillerson had been sent to East Texas for his second assignment at the company. His job was to follow around rigs drilling for natural gas and "complete" the wells. That meant experimenting with a process known as hydraulic fracturing, or fracking. By pumping water, sand, and chemicals down into a well at high pressure, he could cause cracks in the stone where the gas was trapped and allow more of it to flow.
Wednesday, March 28, 2012
Fortune: Bill Gross says it's time for investors to plan a "Great Escape"
Bill Gross says it's time for investors to plan a "Great Escape"
By Stephen Gandel, senior editor March 28, 2012: 5:00 AM ET
Bond king Bill Gross says it's time to get your portfolio ready for a long-period of lower market returns.
FORTUNE -- Apparently, Bill Gross picks movies as well as investments.
Bond investor Gross, who runs the world's largest mutual fund Pimco Total Return (PTTRX), is known for his quirky letters to investors. In the past he has dispensed love advice (specifically for Europe) and written about why he hates automatic flush toilets. His letter this month, which came out on Tuesday, instead offers movie advice. Gross' big screen pick is The Great Escape.
Tuesday, February 28, 2012
CNNMoney: Throwing cash at the housing market will make it worse
CNNMoney
Throwing cash at the housing market will make it worse
By Nin-Hai Tseng, writer-reporter February 28, 2012: 11:42 AM ET
Nearly half of current homeowners buying new homes by the end of 2012 are expected pay in cash, and that's not a good thing for home prices.
FORTUNE – In today's troubled housing market, it's all about the Benjamins.
Home prices are at a 9-year low, and it should come as no surprise. For the past three years, tighter lending standards and record foreclosures have driven an unusually higher number of homebuyers to pay for discounted properties in cash. The bulk has come from investors eyeing fixer uppers, as well as foreign buyers armed with wads of cash for properties from California to Miami.
Throwing cash at the housing market will make it worse
By Nin-Hai Tseng, writer-reporter February 28, 2012: 11:42 AM ET
Nearly half of current homeowners buying new homes by the end of 2012 are expected pay in cash, and that's not a good thing for home prices.
FORTUNE – In today's troubled housing market, it's all about the Benjamins.
Home prices are at a 9-year low, and it should come as no surprise. For the past three years, tighter lending standards and record foreclosures have driven an unusually higher number of homebuyers to pay for discounted properties in cash. The bulk has come from investors eyeing fixer uppers, as well as foreign buyers armed with wads of cash for properties from California to Miami.
Saturday, February 25, 2012
Fortune: Buffett on housing: Was "dead wrong," but still believes
http://finance.fortune.cnn.com/2012/02/25/buffett-on-housing/?iid=HP_LN
Buffett on housing: Was "dead wrong," but still believes
By Stephen Gandel, senior editor February 25, 2012: 8:00 AM ET
Warren Buffett says "hormones" will save the housing market. But this time he's not saying exactly when.
FORTUNE -- In his annual letter to Berkshire Hathaway (BRKA) shareholders, which was released on Saturday, Buffett says he still believes a real estate recovery is on the horizon. Yet, the Oracle of Omaha admits that on housing his crystal ball has been cloudy. Last year, Buffett said the real estate market would recover in 2011 or early 2012. While home sales have risen recently, it would be a stretch to call the past year a recovery, and Buffett doesn't try. "I was dead wrong," he writes.
Buffett on housing: Was "dead wrong," but still believes
By Stephen Gandel, senior editor February 25, 2012: 8:00 AM ET
Warren Buffett says "hormones" will save the housing market. But this time he's not saying exactly when.
FORTUNE -- In his annual letter to Berkshire Hathaway (BRKA) shareholders, which was released on Saturday, Buffett says he still believes a real estate recovery is on the horizon. Yet, the Oracle of Omaha admits that on housing his crystal ball has been cloudy. Last year, Buffett said the real estate market would recover in 2011 or early 2012. While home sales have risen recently, it would be a stretch to call the past year a recovery, and Buffett doesn't try. "I was dead wrong," he writes.
Friday, December 9, 2011
CNNMoney: At European banks, the fire sale continues
CNNMoney: RT @FortuneMagazine: At European banks, the fire sale continues. Hedge funds are willing to take a gamble http://t.co/J4auEuUm
Original Tweet: http://twitter.com/CNNMoney/status/146238707505176577
At European banks, the fire sale continues
December 9, 2011: 11:39 AM ET
Big European banks, under pressure to sell assets and shrink their balance sheets, won a victory in the latest deal to save the euro. But they still have a long way to go.
By Cyrus Sanati, contributor
FORTUNE -- Even as European leaders convened this week an emergency summit to save the euro, European banks were busy trying to offload trillions of euros worth of assets in a bid to slim down. But while the banks may appear desperate to sell in order to fortify their balance sheets and comply with new capital restrictions, they don't seem willing to take a bath on their performing assets just yet, frustrating willing buyers hunting for an easy deal.
Original Tweet: http://twitter.com/CNNMoney/status/146238707505176577
At European banks, the fire sale continues
December 9, 2011: 11:39 AM ET
Big European banks, under pressure to sell assets and shrink their balance sheets, won a victory in the latest deal to save the euro. But they still have a long way to go.
By Cyrus Sanati, contributor
FORTUNE -- Even as European leaders convened this week an emergency summit to save the euro, European banks were busy trying to offload trillions of euros worth of assets in a bid to slim down. But while the banks may appear desperate to sell in order to fortify their balance sheets and comply with new capital restrictions, they don't seem willing to take a bath on their performing assets just yet, frustrating willing buyers hunting for an easy deal.
Monday, November 21, 2011
CNNMoney: In Spain, new leadership, same problems
In Spain, new leadership, same problems
November 21, 2011: 10:50 AM ET
Spain is in no immediate danger of going bust. But as its economy shrinks and its banks start to crumble, Spain will look more like its spendthrift southern European neighbor, Greece.
November 21, 2011: 10:50 AM ET
Spain is in no immediate danger of going bust. But as its economy shrinks and its banks start to crumble, Spain will look more like its spendthrift southern European neighbor, Greece.
Tuesday, September 20, 2011
Fortune: How Italy can save itself
How Italy can save itself
http://money.cnn.com/2011/09/20/news/international/italy_downgrade.fortune/index.htm?iid=HP_Highlight
By Cyrus Sanati, contributor @FortuneMagazine September 20, 2011: 10:14 AM ET
FORTUNE -- The surprise downgrade of Italy's sovereign debt overnight by Standard and Poor's exposes the fatal flaws of pushing through draconian austerity measures on a nation experiencing economic weakness.
http://money.cnn.com/2011/09/20/news/international/italy_downgrade.fortune/index.htm?iid=HP_Highlight
By Cyrus Sanati, contributor @FortuneMagazine September 20, 2011: 10:14 AM ET
FORTUNE -- The surprise downgrade of Italy's sovereign debt overnight by Standard and Poor's exposes the fatal flaws of pushing through draconian austerity measures on a nation experiencing economic weakness.
Friday, August 19, 2011
Fortune: Will Europe come tumbling down?
Will Europe come tumbling down?
By Shawn Tully, senior editor-at-large August 19, 2011: 5:00 AM ET
The debt crisis that started in Greece now threatens to topple the whole continent -- and kill the weak recovery in the U.S. Inside the race against the clock to fix the euro economy.
By Shawn Tully, senior editor-at-large August 19, 2011: 5:00 AM ET
The debt crisis that started in Greece now threatens to topple the whole continent -- and kill the weak recovery in the U.S. Inside the race against the clock to fix the euro economy.
Thursday, August 18, 2011
Fortune: Anatomy of a soft economy
Anatomy of a soft economy
August 18, 2011: 5:00 AM ET
It's been a tough slog coming out of the Great Recession. As for a double dip, consider this: We've had only three in 160 years. Here's a look at how this recovery compares with recessions past.
August 18, 2011: 5:00 AM ET
It's been a tough slog coming out of the Great Recession. As for a double dip, consider this: We've had only three in 160 years. Here's a look at how this recovery compares with recessions past.
Fortune: American Idiots: How Washington is destroying the economy
American Idiots: How Washington is destroying the economy
By Allan Sloan, senior editor-at-large August 18, 2011: 5:00 AM ET
What's ailing us? It's not just unemployment. It's not just Europe's debt woes. And, no, it's not Wall Street this time. It's the takeover of the economic debate by fanatics who are up to no good. Fix that -- and maybe you fix the economy.
By Allan Sloan, senior editor-at-large August 18, 2011: 5:00 AM ET
What's ailing us? It's not just unemployment. It's not just Europe's debt woes. And, no, it's not Wall Street this time. It's the takeover of the economic debate by fanatics who are up to no good. Fix that -- and maybe you fix the economy.
Monday, August 15, 2011
Fortune: Don't fight the last recession's war. You'll lose.
Don't fight the last recession's war. You'll lose.
August 15, 2011: 5:00 AM ET
Opening the managerial toolbox from the 2008 recession to tackle today's economic turmoil will only get you into trouble. That's because the critical elements that affect companies are sharply different today.
August 15, 2011: 5:00 AM ET
Opening the managerial toolbox from the 2008 recession to tackle today's economic turmoil will only get you into trouble. That's because the critical elements that affect companies are sharply different today.
Monday, June 20, 2011
Fortune: Europe's sickly banks
Europe's sickly banks
By Colin Barr June 20, 2011: 6:30 AM ET
You could knock Europe's banks over with a feather.
By Colin Barr June 20, 2011: 6:30 AM ET
Tuesday, May 31, 2011
Fortune: How housing could rebound -- in 2025
How housing could rebound -- in 2025
By Colin Barr May 31, 2011: 11:49 AM ET
Ready to be Depressed?
House prices have fallen further in the past five years than they did in the Great Depression – and there's no sign the free fall is about to stop.
By Colin Barr May 31, 2011: 11:49 AM ET
Ready to be Depressed?
House prices have fallen further in the past five years than they did in the Great Depression – and there's no sign the free fall is about to stop.
Friday, May 20, 2011
Fortune: Sizing up a sweeping mortgage settlement
Sizing up a sweeping mortgage settlement
Mortgage lenders like Bank of America and Wells Fargo are fighting the fight on all fronts, with the latest being False Claims Act violations. Here's what to look for in any settlements.
By Abigail Field, contributor
FORTUNE -- The trouble for America's largest mortgage lenders just keeps mounting. How much will it cost them to make it all go away?
Mortgage lenders like Bank of America and Wells Fargo are fighting the fight on all fronts, with the latest being False Claims Act violations. Here's what to look for in any settlements.
By Abigail Field, contributor
Tuesday, April 26, 2011
CNN Money: The Warren Buffett-hedge fund bet tightens
The Warren Buffett-hedge fund bet tightens
April 26, 2011 5:00 am
Berkshire Hathaway's chairman won the 2010 race for investment returns, but Protégé Partners retains the long-term lead.
By Carol Loomis, senior editor-at-large
FORTUNE -- We're three years into Warren Buffett's 10-year bet with the hedge fund community, and the race has narrowed. For the second year in a row, Buffett's horse in the contest -- an S&P 500 index fund -- did better than the average return booked by five funds of hedge funds picked by Protégé Partners LLC, a New York money-management firm.
April 26, 2011 5:00 am
Berkshire Hathaway's chairman won the 2010 race for investment returns, but Protégé Partners retains the long-term lead.
By Carol Loomis, senior editor-at-large
FORTUNE -- We're three years into Warren Buffett's 10-year bet with the hedge fund community, and the race has narrowed. For the second year in a row, Buffett's horse in the contest -- an S&P 500 index fund -- did better than the average return booked by five funds of hedge funds picked by Protégé Partners LLC, a New York money-management firm.
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