Category Archives: Business

Chinese agency downgrades US credit rating

Chinese agency downgrades US credit rating

17 October 2013 AFP – A Chinese ratings agency downgraded its US sovereign credit rating Thursday despite Washington’s resolution of the debt ceiling deadlock, warning that fundamentals for a potential default remained “unchanged”. Dagong lowered its ratings for US local and foreign currency credit from A to A-, maintaining a negative outlook, the agency saidContinue Reading

Poll: Parents and Teens Share (Often Unrealistic) Dreams About College

Poll: Parents and Teens Share (Often Unrealistic) Dreams About College

Most still see a college degree as ticket to the middle class. But they’re unprepared for the cost. By Amy Sullivan  September 24, 2013 |  3:07 p.m. This article is part of a special weeklong series on American education. It’s easy to assume that teenagers don’t listen to their parents. But, according to the latest AllContinue Reading

Fed surprises, sticks to stimulus as it cuts growth outlook

Fed surprises, sticks to stimulus as it cuts growth outlook

By Pedro da Costa and Alister Bull : WASHINGTON | Wed Sep 18, 2013 7:33pm EDT (Reuters) – The U.S. Federal Reserve defied investor expectations on Wednesday by postponing the start of the wind down of its massive monetary stimulus, saying it wanted to wait for more evidence of solid economic growth. Investors responded by propellingContinue Reading

Insight: At Apple, Tim Cook leads a quiet cultural revolution

Insight: At Apple, Tim Cook leads a quiet cultural revolution

By Poornima Gupta and Peter Henderson | SAN FRANCISCO |  Thu Aug 22, 2013 3:08am EDT (Reuters) – Shortly after signing on as chief operating officer at Facebook, Sheryl Sandberg was looking to connect with people in a similar role – No. 2 to a brilliant and passionate young founder. She called Tim Cook. “He basicallyContinue Reading

Accounting for pensions, The Boston Globe sold for negative $40 million, 20 years after selling for $1.1 billion

Accounting for pensions, The Boston Globe sold for negative $40 million, 20 years after selling for $1.1 billion

Daily Caller | 8:26 AM  08/05/2013 Like everyone else I’ve seen the headlines remarking on the fact that a New  York Times Company which bought The Boston Globe for over a  billion dollars is selling it this weekend for just $70 million. But if you read  the body text of those articles you’ll see that the paperContinue Reading

Asian Futures Signal Extension of Fed Rout as Gold Sinks

Asian Futures Signal Extension of Fed Rout as Gold Sinks

By Emma O’Brien – Jun  20, 2013 7:17 PM ET Asian stock futures slid, indicating shares in the region may extend the global market retreat, on prospects the Federal Reserve will start paring back stimulus later this year and concern over China’s cash crunch. Gold futures sank and crude slipped for a third day. FuturesContinue Reading

Are Treasury and the Fed at Odds Over Big Banks?

Are Treasury and the Fed at Odds Over Big Banks?

Treasury Secretary Lew keeps hands off as Wall Street giants grow larger. By Michael Hirsh | Updated: May 24, 2013 |  9:37 p.m. Treasury Secretary Jacob Lew has been cagey about whether he thinks Wall Street’s giant banks are getting dangerously large and out-of-control once again, as many experts believe. But at a hearing on Capitol HillContinue Reading

Meet the new neighbor: Howard Stern reportedly pays $52 million for Palm Beach home

Meet the new neighbor: Howard Stern reportedly pays $52 million for Palm Beach home

By Darrell Hofheinz, Daily News Staff Writer, Updated: 3:24 p.m. Thursday, May 16, 2013 Radio personality said to be the buyer of County Road property America’s Got Talent judge and radio shock-talk personality Howard Stern is the likely buyer behind a $52 million private sale recorded Wednesday for an oceanfront house at 601 N. County Road. TheContinue Reading

A Playbook for Undoing the Sequester

A Playbook for Undoing the Sequester

When Congress voted this week to give the FAA more flexibility with its cuts, it set off a race among other special interests to push for exemptions. By Nancy Cook, Updated: April 28, 2013 |  1:32 p.m. Who would have guessed that the air-traffic controllers and meat inspectors would be the first ones lucky enough toContinue Reading

States That Lead and Lag in Job Growth and Competitiveness

States That Lead and Lag in Job Growth and Competitiveness

Joshua Wright, Forbes.com Contributor, April 7, 2012 When a state expands its workforce from one year to the next, some of the spike might be related to the growth in an industry at the national level, like the continuing demand for health care. Some might stem from the overall growth of the national economy. OrContinue Reading