Wall Street edges lower as year draws to a close
Thu, 30 Dec 2010 06:37 pm PST
 Reuters - U.S. stocks closed slightly lower on Thursday as a trio of better-than-expected economic data wasn't enough to entice buyers to take on much risk in a market sitting on strong gains just before the new year. Full Story | Top |
Craig McCaw to quit as Clearwire chairman
Thu, 30 Dec 2010 09:29 pm PST
Reuters - Wireless pioneer Craig McCaw, the chairman of Clearwire Corp, has decided to resign from his position effective December 31, the company said in a regulatory filing late Thursday. Full Story | Top |
Rattner settles with Cuomo for $10 million
Thu, 30 Dec 2010 12:37 pm PST
Reuters - Former Obama administration auto industry czar Steven Rattner agreed to pay $10 million to resolve lawsuits by New York's attorney general over kickbacks allegedly paid to do business with the state's pension fund. Full Story | Top |
Facebook, Twitter targeted by SEC
Wed, 29 Dec 2010 03:57 pm PST
Investor's Business Daily - Federal regulators are investigating trades of shares in privately held companies, including Facebook and Twitter, to see whether they violated securities rules, according to published reports. Sources said Facebook may have more than 500 shareholders, which would require the social media site to register to publicly disclose its earnings statements, essentially forcing it to pursue an IPO. The SEC granted Facebook an exception for employee-owned shares. The price of Facebook shares traded on SharesPost.com has tripled in a year. Full Story | Top |
Vatican creates financial watchdog amid bank probe
Thu, 30 Dec 2010 09:49 am PST
 AP - The Vatican on Thursday created a financial watchdog agency and issued new laws to fight money laundering and terrorist financing in a major effort to shed its image as a tax haven that for years has been mired in secrecy and scandal. Full Story | Top |
Summary Box: Rates on fixed mortgages edge up
Thu, 30 Dec 2010 01:25 pm PST
AP - RATES RISE: The average rate on 30-year fixed mortgages rose to 4.86 percent from 4.81 percent in the previous week, Freddie Mac said. The rate on 15-year fixed loans rose to 4.20 percent from 4.15 percent. Full Story | Top |
Harsh U.S. words for Russia, but little impact on ties
Thu, 30 Dec 2010 02:44 pm PST
Reuters - The United States suggested on Thursday that an extended prison term for Russian former tycoon Mikhail Khodorkovsky was an abuse of justice, and a senior U.S. official said it may impede Russia's entry to the World Trade Organization. Full Story | Top |
Blizzard delays $1 billion in holiday sales
Wed, 29 Dec 2010 06:35 pm PST
 Reuters - A blizzard in the Northeast this weekend postponed about $1 billion in holiday retail sales by keeping shoppers out of stores in the days after Christmas, research firm ShopperTrak said on Wednesday. Full Story | Top |
What you pay for Medicare won't cover your costs
Thu, 30 Dec 2010 06:32 pm PST
 AP - You paid your Medicare taxes all those years and want your money's worth: full benefits after you retire. Nearly three out of five people say in a recent Associated Press-GfK poll that they paid into the system so they deserve their full benefits — no cuts. Full Story | Top |
Vehicle recalls highest in 6 years
Thu, 30 Dec 2010 03:56 pm PST
Investor's Business Daily - Toyota (NYSE:TM - News) led the year's U.S. recalls with 7.1 mil to fix faulty gas pedals, floor mats that could trap accelerators, defective braking and stalling engines, an AP analysis found. GM (NYSE:GM - News) recalled 4 mil, Honda (NYSE:HMC - News) and Nissan (OTC:NSANY.ob - News) each recalled more than 2 mil, Chrysler about 1.5 mil, and Ford (NYSE:F - News) more than 500,000. This year's total is still short of the record set in 2004, when carmakers recalled 30.8 mil. Toyota, Ford and Honda shares fell, but GM's stock climbed 2.2% to 36.82, fueled by 5 brokerage upgrades a day earlier. Full Story | Top |
Understanding the GFC
Thu, 30 Dec 2010 05:08 am PST
BusinessWeek - Well, here I am in Tasmania on a computer I've borrowed from one of my travel companions, so you, dear readers, can learn more about how business school really is. If you've been paying any attention to my previous posts over the past year or so, you know I'm actually on exchange from the UCLA Anderson School of Management (Anderson Full-Time MBA Profile) and I am currently studying abroad at Melbourne Business School (MBS) in Australia. Full Story | Top |
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