(WASHINGTON) — Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst’s negative report about the company before the stock started trading. Rick Ketchum, the head of the Financial Industry Regulatory Authority, the self-policing body for the securities industry, [...]
(WASHINGTON) — A Democratic-controlled Senate panel Tuesday approved a $2.50 increase in airline security fees that would double the per-passenger fee for those taking nonstop flights. The move by the Senate Appropriations Committee would increase the fee on a nonstop round-trip flight from $5 to $10. Fees on a one-way, nonstop ticket would increase from [...]
MOSCOW — Global stocks enjoyed one of their best days in weeks on Tuesday ahead of a summit of European leaders that’s expected to be dominated by calls to boost economic growth. Europe remains the focus of attention across all financial markets in the run-up to the June 17 Greek election that could go a [...]
April housing numbers released by the National Association of Realtors were, wait for it … good. Spring is traditionally a busy season for home sales, but the real estate market has been in such a slump for the past couple of years that “ordinary” good news comes as something of a surprise.
WASHINGTON — Americans bought more previously owned homes in April, a hopeful sign that the weak housing market is gradually improving. The National Association of Realtors says home sales rose 3.4 percent last month to a seasonally adjusted annual rate of 4.62 million. That brings home sales back near the pace in January and February [...]
I recently described what remarkable bosses do. A number of people emailed and asked, “That’s a great list, but flip it around: What things should I not do?” Glad you asked. As a leader what you don’t do can sometimes make as much or even more impact than what you do. Here are five things remarkable bosses never do: Say, [...]
If your idea for a startup meets four key conditions, you might have the makings for sustainable success, according to Randy Garns of Prosper Inc., co-author of the book Prosper: Create the Life You Really Want. Garns says entrepreneurs should ask themselves four questions about their idea for a new business: Would they be doing something [...]
(PARIS) — The 17-country euro zone risks falling into a “severe recession,” the Organization for Economic Cooperation and Development warned on Tuesday, as it called on governments and Europe’s central bank to act quickly to keep the slowdown from dragging down the global economy. OECD Chief Economist Pier Carlo Padoan warned the euro-zone economy could [...]
Looking for a job while you already have one can be stressful, especially in the age of social media when privacy is scarce. Here are three ways to keep your search to yourself: Don’t tell anyone. You may be close with certain coworkers, but your secret will only stay secret if you’re religious about keeping it [...]
Google has made its $12.5 billion acquisition of Motorola Mobility official. Google CEO Larry Page announced the closing of the deal in a company blog post:
LONDON — The International Monetary Fund has issued a tough assessment of U.K. economic policy, urging the coalition government and Bank of England to do more to boost demand in the economy. The IMF’s report of its latest consultation with British authorities released Tuesday called for more stimulus, either through further rounds of quantitative easing [...]
Facebook skidded 11% lower on Monday, its second day as a publicly traded stock, capping one of the worst market debuts ever. Let’s hope that Mark Zuckerberg and his new bride Priscilla Chan aren’t as star-crossed as the $16 billion Facebook initial public offering. Facebook launched its stock amid a unique blend of media hype and [...]
Want to help the poor? Start by taking money out of their hands. More specifically, cash — coins and paper bills are the silent enemy of the poor, with costs often out of proportion with their day-to-day convenience. On one level, it’s ridiculous to think of cash as problematic; if you have a mountain of [...]
Although the Facebook IPO was a big success for Facebook and its early investors and insiders -- who sold $9 billion worth of shares they'd acquired at lower prices -- the offering was a disappointment for many investors who clambered to get a piece of the most-hyped IPO in nearly a decade.
At the G-8 meeting at Camp David last weekend, lip service was paid to keeping Greece in the euro zone. But economists who are watching the continuing financial crisis in Europe are increasingly coming to two conclusions: Greece is likely to abandon the common euro currency now used by 17 European countries. And when it does, [...]
(NEW YORK) — Forget Facebook. This is still Apple‘s stock market. Apple — the world’s most valuable company — climbed nearly 6 percent on Monday, helping propel major U.S. stock indexes to gains after a week of losses. The Standard & Poor’s 500, where Apple accounts for 4 percent of the index, enjoyed its best [...]
(NEW YORK) — A former Goldman Sachs board member brazenly committed securities fraud by feeding confidential information about the investment bank to a high-flying hedge fund manager, who used it to make a killing on the stock market, a federal prosecutor said Monday at a closely watched insider trading trial. Rajat Gupta “threw away his duties, [...]
An ecommerce site can be a terrific source of revenue for a small business, but the right design is critical to success. Jay Melone, CEO of DigitalXBridge, offers this advice for choosing an ecommerce site designer. Find a good fit: Need a large-scale technology platform? A solo freelancer probably can’t deliver the job in a [...]
MOSCOW (AP) — European stocks inched up Monday morning in spite of investors’ lingering concerns that the G-8 leaders had failed to provide a concrete plan to solve the European debt crisis. Traders both in Europe and Asia were kept on edge by worries about the economic future of Greece and whether it would exit [...]
Since China opened up to the world with its sweeping economic reforms in the late 1970s, and especially in the past decade as private-sector enterprises have mushroomed, the model of executive compensation in the country has increasingly mirrored ones in the U.S. and Europe. How is it, then, that Chinese executives are paid only a [...]
View Channel
