European Central Bank Receives Respite From German Court

European Central Bank Receives Respite From German Court

European Central Bank (ECB) is able to maintain its bond purchasing policy for now after it received welcoming respite from the highest German court. The Federal Constitutional Court of Germany based in Karlsruhe ruled that the legality of the Outright Monetary Transaction (OMT) program should be heard in the European Court of Justice (ECJ). Although […]

Men’s Wearhouse Rebuffed by Jos. A. Bank Pursuing Eddie Bauer

Men’s Wearhouse Rebuffed by Jos. A. Bank Pursuing Eddie Bauer

Men’s Wearhouse was firmly rebuffed by Jos. A. Bank which subsequently started pursuing Eddie Bauer for a potential merger. On Sunday, Jos. A. Bank sent the letter to Men’s Wearhouse that it would not initiate the merger negotiation. Then it was reported that Jos. A. Bank has been searching for potential acquisition targets and is […]

Eurozone Deflation Sign Raises Recession Concern

Eurozone Deflation Sign Raises Recession Concern

The Eurozone is showing the sign of deflation, increasing the concern that the European economy may head into another recession. The Eurostar, the European Union’s statistic agency, released the January economic figures that show that the inflation rate in the eurozone dropped to 0.7 percent in January from 0.8 percent in December. The figure is […]