Obama expresses anxiety regarding proceedings in Europe

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Source: Marketwatch

President Obama in his Thursday speech expressed worries about situation in Europe. Obama told he supported Sarkozy's and Merkel's idea to make stronger fiscal ties across Europe; however, the President emphasized fiscal union is a solution that may take years. Europe needs to resolve short term crisis immediately, he added. European region is rich enough to tackle crisis, but it must act jointly and responsibly. 

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Thu, 08 Dec 2011 18:55:59 GMT

Ford restores quarterly dividend

On Thursday Ford Motor Co announced it has re-established quarterly dividend. They dividend has been determined 5 cents per share payable due March 1 to equity holders registered as of January 31. Ford Motor Co has not distributed dividends since 2006. Bill Ford, company's CEO admitted that automotive giant have made substantial development in cutting debt and generating positive cash flow. 

Thu, 08 Dec 2011 18:54:24 GMT

Draghi reminds that EU treaty does not allow monetary financing

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