Category: Markets

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...

General Motors to Buy Back 200 Million Government Shares

General Motors to Buy Back 200 Million Government Shares

General Motors, trying to clear the stigma of being partly owned by the U.S. government, will spend $5.5 billion to buy back 200 million shares of its stock from the treasury. The government, in...

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...

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...

Are Twinkies a Good Investment? Scouring the eBay Track Record

Are Twinkies a Good Investment? Scouring the eBay Track Record

When the Hostess shutdown was announced and stores quickly ran out of supplies as overweight Americans hoarded processed foods like Glenn Beck listeners hoard precious metals, Twinkies quickly started popping up on eBay–at huge...

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....

Chinese Investment Group To Buy AIG’s Aircraft Leasing Unit For $4.3 Billion

Chinese Investment Group To Buy AIG’s Aircraft Leasing Unit For $4.3 Billion

Chinese direct investments in North America are on a roll. On Friday, Canada approved a $15 billion oil-company sale to state-owned CNOOC, the biggest single overseas acquisition by a Chinese firm. Now it’s AIG,...

Billionaires’ Big Bonuses Ahead Of The Fiscal Cliff

Billionaires’ Big Bonuses Ahead Of The Fiscal Cliff

Las Vegas Sands’ chairman and CEO, Sheldon Adelson. As Congress stumbles toward the automatic tax increases and spending cuts that will be triggered on New Year’s Day, a record number of American companies have...

Why Job Growth Is Overrated

Why Job Growth Is Overrated

  Believe it or not, I’m for fewer jobs, not more. Throughout 2012 we heard politicians and pundits of all stripes yammering endlessly on the need for job growth—that we don’t have enough jobs....

Fiscal Cliff Cash Splash Continues: Cato, Dish, HCA Announce Special Dividends

Fiscal Cliff Cash Splash Continues: Cato, Dish, HCA Announce Special Dividends

    Whether or not U.S. lawmakers cut a deal to dull the economic impact of expiring tax cuts and mandated spending decreases, more and more companies appear to be operating under the assumption...