Financial News From the Wire
Associated Press/AP Online2009-06-30NEW YORK - Authorities are pursuing charges against 10 more people in the Bernard Madoff financial scandal after the mastermind of one of the biggest financial frauds in history was sentenced to spend the rest of his days behind bars, The Associated Press has learned.
Associated Press/AP Online2009-06-30NEW YORK - A private research group is reporting Tuesday that consumers' confidence in the economy has fallen unexpectedly in June as shoppers fret about job security.
Associated Press/AP Online2009-06-30WASHINGTON - President Barack Obama says his new Consumer Financial Protection Agency will protect Americans from unscrupulous practices and make financial products easier to understand.
Associated Press/AP Online2009-06-28NEW YORK - General Motors Corp. has agreed to take on responsibility for future product liability claims, removing what could have been a sizable roadblock on the automaker's path to a quick sale of its assets and emergence from Chapter 11 bankruptcy as a new company.
Associated Press/AP Online2009-06-24PARIS - The deepest global recession in over 60 years is close to bottoming out, but recovery will be weak unless governments do more to remove uncertainty over banks' balance sheets, the Organization for Economic Cooperation and Development (OECD) said Wednesday.
Associated Press/AP Online2009-06-24- Apple co-founder and CEO Steve Jobs appears to be a step closer to returning to work, as a doctor gave him an"excellent prognosis"after receiving a liver transplant at a Tennessee hospital.
Associated Press/AP Online2009-06-23WASHINGTON - Sales of previously occupied homes rose modestly from April to May, the third monthly increase this year, but signs of a housing recovery are fragile at best.
Associated Press/AP Online2009-06-23WASHINGTON - The insurance industry Tuesday laid down a marker on health care, warning in stark terms that a proposed government insurance plan would dismantle the employer coverage Americans have relied on for a half century and overtake the system.
Associated Press/AP Online2009-06-23Boeing Co. has again delayed the first test flight of its long-awaited 787 jetliner in the latest setback for an aircraft that has bolstered the company's order book and redefined the way it builds planes.
Personal Finance
- PRNewswire2009-05-26
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Financial Feeds
CNBC Top News and Analysis
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North Korea fired seven ballistic missiles off its eastern coast Saturday, South Korea said, a violation of U.N. resolutions and an apparent message of defiance to the U.S. on its Independence Day.]]>04 Jul 2009
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The Big Picture
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BRAINSTORM is a work by Long Island sculptor Alex Wagman. Unlike most of Wagman’s other statues, which were cast from bronze, it is made of fiberglass. Why? “I can’t afford to do it in bronze,” he says. For Brainstorm, “I sprayed the surface several times with an epoxy in which I added silver metal powder. Then I used [...]Sat, 04 Jul 2009 14:15:43 +0000
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We have a bull market excess stupidity. Now that I think about it, this could very well be the longest bull market in history, running as it has for several 100,000 years. The latest manifestation of this intellectual failure is the new government proposals to ban or radically restrict short selling. Of all the anti-free-market proposals out there, [...]Sat, 04 Jul 2009 11:50:26 +0000
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The various digital video recording and playback devices around the house have gathered together quite a nice collection of interesting fare for the next rainy weekend — which I absolutely insist will not be this weekend. (Enough of this London on the Hudson crapola!) • Musical Minds: Oliver Sachs, Nova (on line) • Guns, Germs & Steel: [...]Fri, 03 Jul 2009 21:30:16 +0000
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Fascinating story in USA Today on the banking system our neighbors to the North enjoy: Our northern neighbor sometimes seems so similar to the United States that it’s hard to tell where the USA ends and Canada begins. Here’s one way: Canada is the place with healthy banks, taxpayers unscathed by megabillion-dollar bailouts and no need [...]Fri, 03 Jul 2009 18:15:52 +0000
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~~~ Source: Goldman Primed to Benefit from AIG’s Woes — Again, William Cohan Says Yahoo Tech Ticker, Jul 02, 2009 10:28am EDT Aaron Task http://finance.yahoo.com/tech-ticker/article/273168/Goldman-Primed-to-Benefit-from-AIG%27s-Woes—-Again-William-Cohan-SaysFri, 03 Jul 2009 18:15:18 +0000
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After yesterday saw unemployment tick up t0 9.5% (and U6 hit 16.5%!) I thought it might be a good time to do a little compare and contrast: Let’s compare job losses during this recession against prior recessions: This is a different way to look at the ob loss situation: This chart reveals the change in Unemployment [...]Fri, 03 Jul 2009 16:30:31 +0000
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One of the only things I dislike about my Casio Exilim EX-Z75 7.2MP is the puny 3X optical zoom. So it was no surprise when this NYT article caught my attention: “There are currently two types of ultrazoom cameras: the full size and the compact. The full-size models resemble those digital single-lens-reflex cameras carried by professionals; compact [...]Fri, 03 Jul 2009 16:15:33 +0000
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I cannot figure out why you PR people keep sending me PDFs of articles, but then don’t post it online. Do you want the publicity or not? If yes, than a) post it on your site; b) THEN send out the email. Its kinda hard to link to meatspace items on a blog . . . ~~~ Oh, yeah, [...]Fri, 03 Jul 2009 15:50:35 +0000