Senator Charles Schumer, an influential member on the Senate Banking Committee, has reversed his position on the NYSE Euronext and Deutsche Börse AG merger on the issue of who should lead the company. As details came out about the merger last week, the sc...
United States (Feb 13th, 11)

Seahawk Drilling, a leading ‘jackup driller’ in the Gulf of Mexico for natural gas and oil, has filed for bankruptcy according to a Bloomberg article. The company will sell its assets to Hercules Offshore Inc., its long-time rival in the offshore d...
United States (Feb 13th, 11)

The Obama administration came out on Friday afternoon with its highly anticipated ‘white paper’ proposing solutions to revamping the nation’s broken mortgage system. The plan entitled “Reforming America’s Housing Finance Market&rd...
United States (Feb 12th, 11)

House Republican Leadership has called for extensive spending cuts nearing 25 percent on non-military sectors of the economy. The targets of large portions of these cuts are the Environmental Protection Agency (EPA) and federally funded public broadcasting. Th...
United States (Feb 12th, 11)

After 18 days of intense protests from Egyptian citizens, President Hosni Mubarak has stepped down after holding office for over 30 years. The significance of this moment in international politics has been compared to the magnitude of the fall of the Berlin Wa...
United States (Feb 11th, 11)

Cisco Systems Inc. and Akamai Technologies have taken major downturns in the stock market today. This ends the eight-day rally the Dow Jones has had recently. Cisco, the leading networking equipment maker, posted 14 percent losses today. This was the largest d...
United States (Feb 10th, 11)

The merger between the NYSE and Deutsche Börse AG is causing major concern in the financial world. The New York Post broke the story claiming that the deal may end “Wall Street’s claim to being the financial center of the world.” The de...
United States (Feb 10th, 11)

According to Reuters, Federal Reserve Board Chairman Ben Bernanke’s comment on the housing market was that the only time the U.S. Government should back home loans is as a last resort in a time of severe economic stress. By the end of the week, President...
United States (Feb 9th, 11)

The outlook for international food and grain supplies is looking more uncertain after the United States Department of Agriculture (USDA) reported projections that corn supply would decrease to lowest level in 15 years according to the Wall Street Journal. The...
United States (Feb 9th, 11)

According to a Bloomberg article, Toyota Motor Corporation rose to its highest close in nine months on the Tokyo stock exchange today. This stock gained nearly 5 percent on this stock exchange, representing its highest close since last April. Primarily, this ...
United States (Feb 8th, 11)

The New York Times reported that after nine consecutive quarters of losses, Disney has finally posted positive growth. The dramatic shift in the company's figures show that the company profited $1.3 billion off of a total revenue of $10.7 billion. According to...
United States (Feb 8th, 11)

According to CNN Money, stocks are signaling early gains. The critical factor for the market today will be President Obama’s much anticipated speech at the Chamber of Commerce and the unveiling of the latest government data on consumer debt. The Dow Indu...
United States (Feb 7th, 11)

All major US stock exchanges closed today at with encouraging gains. The Dow Jones Industrial Average closed today up 69.48 points bringing its total index to 12161.63. According to the Wall Street Journal, this represents its highest index since June 16, 2008...
United States (Feb 7th, 11)

According to the Wall Street Journal’s continued coverage of the Nasdaq transatlantic exchange operator being breached by hackers, traders and exchangers are not shaken by the news. Systems linked to stock and option trading have been confirmed not to ha...
United States (Feb 6th, 11)

A significant merger in the health industry is expected to take place later this week. It is anticipated that Sanofi-Aventis will acquire Genzyme Corp. later this week. The deal has taken longer than expected due to prolonged assessment of Genzyme’s fina...
United States (Feb 6th, 11)

According to aggregated information of AAA, Wright Express, and the Oil Price Information service, the price of gas has climbed 2.4 cents since last week. Analysts predict that gas prices will increase by as much as 8 cents over the next two weeks. These findi...
United States (Feb 5th, 11)

According to the Wall Street Journal, hackers have repetitively infiltrated the network that runs the Nasdaq Stock Market this past year. Fortunately, the part of the system that executes trades has not been breached, but investigators cannot be certain what o...
United States (Feb 5th, 11)

The Labor Department came out with a new set of statistics today showing mixed results of measures taken to stimulate the US Economy. On the gloomier side, as cited in the New York Times, payroll increased by 36,000 jobs in the past month, however these number...
United States (Feb 4th, 11)

According to the Financial Times, a politically sensitive report that was released on Friday afternoon by the US Treasury suggested that the high levels of inflation in China meant its real exchange rate had risen exponentially since it was allowed the opportu...
United States (Feb 4th, 11)

According to a $6.4 billion lawsuit filed this past December, J.P. Morgan Chase & Co. stand "at the very center" of Bernie Madoff’s fraud. The lawsuit details for the first time how bank employees’ rising to the level of senior executives at J....
United States (Feb 3rd, 11)