If you were worried that the mortgage crisis was coming to an end, fear not. Fed Chairman Ben Bernanke is embracing for a long one. Bernanke spoke to a group of mortgage industry professionals in Orlando, Florida. He urged them to do more to prevent a larger crisis.“Reducing the rate of preventable […]
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Major retailers are reporting that February saw a return of consumers to the nation’s shopping malls. WalMart, in particular, announced a solid month. Despite people being out there shopping, many of them are not spending on big ticket items. Of course people continue to purchase staples, but there is little sign anyone […]
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At one point today, Google traded at $435.78, which as low as the company has traded for in the last 52 weeks. The news that affected the company today was that top executive Sheryl Sandberg was leaving the company to join rival FaceBook. Investors didn’t care for that news.
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The idea is simple: if you cut taxes, you put more money in the hands of Americans. With that money in their hot little hands, they do what the do best: spend! That is the latest idea being debated by politicians to stop the U.S economy from dumping altogether. A tentative deal […]
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It has always been great to be Microsoft, and current times are no different. The company announced earnings that outstripped analyst’s expectations, thanks to good news from the XBox 360 division. The company also had better than expected results in their business division.Microsoft raised its outlook Thursday for the rest of its fiscal […]
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Debora Spar has been hired to be president of Barnard College. She previously was a professor at Harvard Business School and is the author of several books on reproductive technology.Ms. Spar, 44, is also senior associate dean for faculty research and development at Harvard Business School. The announcement concludes a nine-month search to replace […]
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Investor love rate cuts. Investors love rate cuts. Sorry, that was my attempt at insight into the minds of the Federal Reserve and investors. The Fed has continued to cut rates, and investors have continued to support the idea by continued purchase of equities. “Anticipation of another Fed rate cut […]
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Marsh & McClennan recently announced that they’ve named Brian Duperreault as their CEO. Marsh & McClennan is the world’s largest insurance brokerage. The company is trying to restore profit after a bid rigging scandal took place in 2004.Mr. Duperreault replaces Michael Cherkasky.While in office, Brian Duperreault says he wants to increase each unit’s profitability and […]
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People, on average, are paying 9 cents more per gallon of gas in the United States in the last two weeks.Oil prices have shot up to as high as $106 per barrel in recent trading, and the effect is certainly trickling down to users at the pumps.The Lundberg Survey looks at the prices at 7,000 […]
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The House hustled and approved the economic stimulus plan that promises to put tax rebates of $600 to $1,200 into people hand’s within months. It was a bipartisan show of speedy dealmaking, as politicians attempt to avert a recession during an election year.The plan was approved by an overwhelming majority of 385-35.President Bush had […]
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