The talk around the water cooler lately has been about a Euro break-up and the risks and issues associated with such an extreme scenario. I can think of better water cooler conversation, but in the interest of staying relevant, I thought I’d stick to current events. CFO.com spoke with financial execs from a major European supermarket group to discuss what they were doing to prepare for a potential euro breakup. The full article can be found here and a checklist of things to think about created by Deloitte and ACT found here. Some topics for consideration (in no particular order):
How will the company continue to pay suppliers and employees in light of a banking system disruption?
On Friday, June 8, members of the 2012 U.S. Olympic Wrestling Team visit the NYSE and ring The Closing Bell. The U.S. Olympic Wrestling Team is in New York City this week for competition and training, including The Grapple in the Big Apple on Thursday, June 7 at 6 pm in Times Square which features the ASICS USA vs. Russia freestyle wrestling dual meet, plus the U.S. Olympic Team Wrestle-off for the 60 kg/132 lbs. position on the U.S. Olympic Team in men’s freestyle wrestling.
In honor of the occasion, U.S. Olympic Wrestlers ring The Closing BellSM.
KBC Clearing sounds the gong to celebrate 18 years of cooperation with NYSE Euronext.
KBC Clearing specialises in delivering cost effective clearing, execution and prime brokerage services to various international customers, including market makers, brokers, banks, institutional investors and hedge funds. Jaap Stem, general director, sounds the gong in honour of these many years of working together.
Breakfast Bites; Market optimism went from “Glass half full to Glass half empty” this morning as disappointing economic data out of Europe combined with Bernanke’s lack of acknowledgement of further economic stimulus to push the market into negative territory.
Bernanke dampened expectations for monetary stimulus in a speech on Capitol Hill yesterday.
The trade deficit in the U.S. narrowed in April (-4.9% to $50.1 billion) as a drop in imports overshadowed the first decline in exports in 5 months
Wholesale Inventories rose by 0.6% in April, a faster pace than the prior month as companies attempted to keep unsold goods in line with demand. Sales climbed 1.1%
German exports dropped in April for the first time this year and industrial output in Italy fell more than economists estimated
It appears that Spain will finally accept aid from the ECB over the weekend as the bloc’s finance...
Representatives of the New York State Police visit the NYSE to celebrate the 95th Anniversary of the New York State Police. In honor of the occasion, Superintendent Joseph A. D’Amico rings The Opening BellSM.
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