Category: Economy

IntercontinentalExchange Finally Wins NYSE Euronext For $8.2 Billion

IntercontinentalExchange Finally Wins NYSE Euronext For $8.2 Billion

      IntercontinentalExchange, a collection of over-the-counter and options markets, will buy NYSE Euronext for $8.2 billion in a cash-and-stock deal. ICE will pay $33.12 a share, a 37% premium over yesterday’s closing...

Meet The Madoff Victims That Profited From Their Investment

Meet The Madoff Victims That Profited From Their Investment

  It could be likened to the legal version of winning the lottery – a group of investors in Bernard Madoff’s $65 billion Ponzi scheme, once on the brink of having their $141 million...

Economists Forecasting Moderate 2013 Growth

Economists Forecasting Moderate 2013 Growth

Business economists believe the country will see modest growth in 2013 with strength coming from a further rebound in housing which will help offset weakness in business investment. In its latest survey of top...

Gas Prices Reach New Lows for 2012 — But They’re Still Pretty Darn High

Gas Prices Reach New Lows for 2012 — But They’re Still Pretty Darn High

Hurray! Drivers are now seeing the year’s cheapest prices at the pump. Let’s not get carried away and actually declare these prices truly “cheap,” however. When this week’s Energy Information Administration report came out...

Millionaires Are Doing Roth Conversions Before The Fiscal Cliff Hits, Should You Too?

Millionaires Are Doing Roth Conversions Before The Fiscal Cliff Hits, Should You Too?

   With tax hikes around the corner, one of the year-end tax moves in millionaires’ playbooks is converting a traditional individual retirement account into a Roth IRA. It’s a way to fight upcoming tax...

For Press-Shy Cerberus, Gun Industry Investment Brings Unwanted Attention

For Press-Shy Cerberus, Gun Industry Investment Brings Unwanted Attention

  Stephen Feinberg, co-founder of $20 billion private equity firm Cerberus Capital Management, likes to be invisible and hide religiously. “If anyone at Cerberus has his picture in the paper and a picture of...

Everyone’s Freaking Out Over Instagram Turning Users’ Photos Into Ads (Even Though Most Grams Are Already Ads)

Everyone’s Freaking Out Over Instagram Turning Users’ Photos Into Ads (Even Though Most Grams Are Already Ads)

Instagram comes up with a money filter Instagram is adding a monetization filter to its precious photo-sharing service. In a change to its privacy policy that has everyone in my Twitter feed freaking out,...

Thanks to Facebook, U.S. Paces Softer Global IPO Market

Thanks to Facebook, U.S. Paces Softer Global IPO Market

  It was a down year for initial public offerings in 2012, with global IPO issuance down 29.7% to $97 billion, but a social network’s May debut put the U.S. market on top of...

Why the Fiscal Cliff May Cost You $6,000 in 2013

Why the Fiscal Cliff May Cost You $6,000 in 2013

You can’t turn on the television or open a magazine these days without hearing the term “fiscal cliff.” The media is awash with reports of President Obama and Speaker Boehner’s negotiations over tax increases...

What Common Dream Jobs Actually Pay

What Common Dream Jobs Actually Pay

Last month my colleague Meghan Casserly laid out the most common career aspirations of U.S. professionals as children. She got the data from a LinkedIn survey, which asked 8,000 people what they wanted to be when they grew up....