BOSTON (TheStreet) -- Italy's lower borrowing costs lead your quick fix of company, market, economic and investing news for Wednesday, Dec. 28.
Wednesday's 5 Biggest Stories
Italy auctioned some short-term bills
, and its borrowing costs fell. They're penning a "thank you" note to the ECB right now.
Speaking of the ECB, banks deposited almost
$600 billion overnight
into the central bank's deposit facility, a sign the banks aren't putting the massive liquidity to work.
Further east, Japan sees
drop 2.6% in November.
Not that we need any more geopolitical fears, but there has been more saber-rattling by Iran over the
Strait of Hormuz
, which already announced it would eliminate 1,600 job cuts, says 580 employees have been made redundant.
Quote of the Day
"The unilateral Japanese interventions were undertaken when exchange market conditions appeared to be operating in an orderly manner and volatility in the yen-dollar exchange rate was lower than, for example, the euro-dollar market. In contrast to the post-earthquake joint G7 intervention in March, the United States did not support these interventions," the U.S. Treasury wrote in a semi-annual report on Japan's move to add Chinese renminbi-denominated assets to its reserves.
fantasy is over for Eddie Lampert.
has bulked up its menu with a fois gras burger for its return to Japan after a two-year absence.
falls hard after the network-processor maker cut its outlook for the fourth quarter.
Sign of a top? 2012 is shaping up to be the
biggest year for Internet IPOs
Prepare for record-shattering earnings on the
in 2012, says an ING market strategist.
Putting Steven Cohen's
hedge fund performance
this year in perspective.
The most successful
new ETFs of 2011
Dogs of the Dow
investment strategy paid off huge in 2011. What do you look at for 2012?
Odds and Ends
What do we make of Washington D.C. becoming the
lone housing market
with a pricing uptrend this year?
It's Wednesday. Four more days left in the year. We're coming down the mountain today, courtesy of
-- Written by Robert Holmes in Boston
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