Japan's NEC sees $1.36 billion net loss

Japanese IT firm NEC said Friday it lost $1.36 billion in the year to March as asset write-downs and tax payments hit its bottom line, even as operating profit rose.

Mathematically detecting bubbles before they burst

From the dotcom bust in the late nineties to the housing crash in the run-up to the 2008 crisis, financial bubbles have been a topic of major concern. Identifying bubbles is important in order to prevent collapses that can ...

Carlos Slim ups stake in NY Times to 8.1 percent

Carlos Slim, the Mexican magnate believed to be the world's richest individual, has increased his stake in the The New York Times Co. to 8.1 percent, regulatory filings showed Thursday.

People without cars, financial assets less likely to marry: study

A study published this week in the American Journal of Sociology finds that people who lack personal wealth in the form of a car or financial assets are significantly less likely to enter into a first marriage. The results, ...

Public firms weathered recession better than expected

(PhysOrg.com) -- The prevailing narrative of the financial crisis revolves around banks' reduced ability to issue loans, but a new paper by University of Arizona associate professor of finance Kathy Kahle reveals that the ...

New study finds racial wealth gap quadrupled since mid-1980s

The wealth gap between white and African-American families increased more than four times between 1984-2007, and middle-income white households now own far more wealth than high-income African Americans, according to an analysis ...

Women on company boards face stockmarket prejudice

(PhysOrg.com) -- Companies with female board members fare worse on the stock market, despite performing as well on all other measures as those with all-male boards. This is the finding of a new study by the University of ...

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