Category: Business News

The Great Central-Banking Experiment: Will Unlimited Cash Solve Problems or Cause Them?

The Great Central-Banking Experiment: Will Unlimited Cash Solve Problems or Cause Them?

The Bank of Japan folded as easily as a hot slice of New York pizza. After a few weeks of pounding by newly installed Prime Minister Shinzo Abe, the BOJ’s (officially independent) managers capitulated...

What (If Anything) Can Fix the SEC?

What (If Anything) Can Fix the SEC?

When President Obama nominated former U.S. Attorney Mary Jo White to be the next Chairman of the Securities and Exchange Commission (SEC), the reaction was generally positive. White will be the first prosecutor to...

Exxon Surpasses Apple as World’s Most Valuable Company

Exxon Surpasses Apple as World’s Most Valuable Company

Exxon has once again surpassed Apple as the world’s most valuable company after the iPhone and iPad maker saw its stock price falter. Apple Inc.’s stock has been on the decline since its earnings...

Should Uncle Sam Be Doing More to Get His Hands on the $1.7 Trillion U.S. Companies Hold Overseas?

Should Uncle Sam Be Doing More to Get His Hands on the $1.7 Trillion U.S. Companies Hold Overseas?

We’re once again in the thick of earnings season and not only are U.S. companies reporting solid profits, but many large, multinational firms are also disclosing big cash stockpiles, especially at their foreign subsidiaries....

Apple Shares Plunge 10% on Slowing Growth, New Product Jitters

Apple Shares Plunge 10% on Slowing Growth, New Product Jitters

For years, Apple consistently beat Wall Street expectations, not only because the company habitually low-balled its financial projections, but also because it was growing at a rate and scale that was virtually unprecedented in...

US Jobless Claims Drop to 5-Year Low of 330,000

US Jobless Claims Drop to 5-Year Low of 330,000

The number of Americans seeking unemployment aid fell last week to the lowest level in five years, evidence that employers are cutting fewer jobs and may step up hiring. The Labor Department says weekly...

6 Reasons the Stock Market Could Do Surprisingly Well in 2013

6 Reasons the Stock Market Could Do Surprisingly Well in 2013

The S&P 500 hit a five-year high last week, and now some experts are saying that stocks are overpriced and that the overall market is vulnerable to a 20% drop this year. There are...

How Much Is Twinkies Worth?

How Much Is Twinkies Worth?

Last week, Flowers Foods, maker of Nature’s Own bread and Tastykake snacks, emerged as the leading bidder for a number of brands being sold by bankrupt bread maker Hostess. The $360 million proposal includes...

Free Tickets, Half-Price Jerseys: After Lockout, NHL Rolls Out Deals to Make Nice with Fans

Free Tickets, Half-Price Jerseys: After Lockout, NHL Rolls Out Deals to Make Nice with Fans

The NHL lockout is over, and the shortened season’s first games are taking place this tomorrow. But will fans, who have been frustrated for months while players and team owners squabbled, actually show up...

Will the EPA Change the Way It Measures M.P.G. Ratings? Maybe Just for Hybrids?

Will the EPA Change the Way It Measures M.P.G. Ratings? Maybe Just for Hybrids?

Drivers have good reason to be skeptical about m.p.g. claims posted on new-car windows. After complaints and new rounds of testing, the EPA recently had to lower m.p.g. ratings for several Kia and Hyundai...