The Traderszone Network

Submitted by Omid Malekan via OmidMalekan.com,

Stock buybacks have been in the news lately, as their growing size has lead to criticism, especially from politicians who believe they contribute to economic inequality. But the simplest critique of the practice of buybacks can be made on economic grounds, in terms of value created or destroyed.

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Consolidation continues to be necessary in the auto industry but there is nothing new to report on Fiat Chrysler’s (FCHA.MI) (FCAU.N) desire for a tie-up with General Motors (GM.N), FCA CEO Sergio Marchionne said on Friday. “The (need for) consolidation remains valid, no one has questioned its economic rational,” Marchionne said, speaking on the sidelines of the launch of a re-styled version of its popular Fiat 500 hatchback. Marchionne approached his counterpart at GM, Mary Barra, with a merger proposal earlier this year but was rebuffed.

A discussion of why I added ExxonMobil to my portfolio may help you in your investing decisions.

With just two days to go until Greeks decide their fate in the eurozone, the country is split down the middle, a new poll shows. The survey, commissioned by Bloomberg and conducted by the University of Macedonia Research Institute of Applied Social and Economic Studies, shows that “43 percent intend to vote ‘no’ to reject the austerity demanded by creditors in exchange for financial aid, while 42.5 percent back a ‘yes’ to accept the conditions.” 

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Submittted by Charles Hugh-Smith of OfTwoMinds blog,

As systemic solutions fall short, we must grasp the nettle of making our own arrangements in a time characterized by burgeoning demands and diminishing resources, capital and security.

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JetBlue Airways said it began direct charter flights between New York and Havana on Friday.

Across Greece, the calls for voters to vote yes or no to lenders’ bailout terms for the debt-laden country are emblazoned on walls, banners, posters and signs.
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