Category: Business News

More Mortgage Trouble: Banks Face Another $3.4 Billion In Repurchase Claims

More Mortgage Trouble: Banks Face Another $3.4 Billion In Repurchase Claims

Freddie Mac is looking to collect another $3.4 billion from banks it says sold it shoddy mortgages. The methodology used to settle previous repurchase claims was flawed, and that thousands of loans soured were...

Ben Bernanke’s Heavy Artillery: Will Open-Ended Bond Buying Drive Down Unemployment?

Ben Bernanke’s Heavy Artillery: Will Open-Ended Bond Buying Drive Down Unemployment?

Ben Bernanke and made an open-ended commitment yesterday to purchase mortgage-backed securities at a rate of $40 billion per month, aiming to inflate asset prices and pump fresh credit into the economy. The move...

Apple’s Secrets Aren’t So Secret Anymore, and That’s O.K.

Apple’s Secrets Aren’t So Secret Anymore, and That’s O.K.

Would it be possible for an intelligent bystander with no insider knowledge to write an imaginary script for an Apple media event — a day or two ahead of time — and mostly get...

Google Fiber Issues Public Challenge: Get Up To Speed!

Google Fiber Issues Public Challenge: Get Up To Speed!

[vsw id=”ffHLIZh0PHg” source=”youtube” width=”425″ height=”344″ autoplay=”no”] Six years ago this month, Google moved into one of the largest buildings in New York City. Google had only been public for two years and its stock price was soaring....

Without Music, Apple Would Be Nothing

Without Music, Apple Would Be Nothing

Eleven years ago, I watched Steve Jobs unveil the iPod at Apple’s Cupertino, Calif., headquarters. The following week, I made my best prediction to date: that descendants of the iPod would replace the PC, as they are...

Zuckerberg’s Remarks Give Facebook Shares a Boost — But Can He Deliver?

Zuckerberg’s Remarks Give Facebook Shares a Boost — But Can He Deliver?

On Wall Street, confidence in corporate management is crucial. Zuckerberg outlined his strategic vision. Now, Facebook needs to execute. After three months of radio silence from top Facebook executives following the company’s controversial IPO,...

Fed to Purchase $40 Billion Per Month in Bonds Until Job Market Improves

Fed to Purchase $40 Billion Per Month in Bonds Until Job Market Improves

The Federal Reserve says it will spend $40 billion a month to buy mortgage-backed securities for long as necessary to stimulate the still-weak economy and reduce high unemployment. It also extended a plan to...

Why the S&P 500 Is Defying Economic Reality

Why the S&P 500 Is Defying Economic Reality

The markets hold many mysteries, and here’s a big one: Why the heck is the S&P 500, up 14% this year, behaving as though we’re living large when nearly every piece of real economic...

More Companies Recruit Outside CEOs in 2012, And Other C-Suite News

More Companies Recruit Outside CEOs in 2012, And Other C-Suite News

Yahoo CEO Marissa Mayer is one of this year’s high-profile CEOs who came from outside the company to take the top job.. More companies are bringing in top bosses from outside their ranks than...

Amazon Rallies To New All-Time Highs; Street Likes New Kindles

Amazon Rallies To New All-Time Highs; Street Likes New Kindles

The new Kindle Paperwhite Amazon.com shares have spiked to a new all-time high Friday following the company’s launch yesterday of a new line-up of Kindle e-readers and Kindle Fire tablets. As I noted in my...