Nasdaq has agreed to pay a $10 million penalty to settle federal civil charges after regulators said its systems and decisions disrupted Facebook’s public stock offering last year. The Securities and Exchange Commission said Wednesday that the penalty is…
Get Ready for Tumblr to Suck: Yahoo in rumoured $1.1bn bid to buy Tumblr. Marissa Mayer, the former Google executive who is now in charge of Yahoo, is poised to create yet another nothing-to-riches tale in the web industry…
Payrolls climbed in 30 U.S. states in April, while the unemployment rate dropped in 40, showing the labor market strengthened across the country. Texas led the gains in payrolls, adding 33,100 jobs last month, followed by New York and Florida,…
The stock market marched back into record territory as investors seized on the latest encouraging news about the economy. On Tuesday, it was a report on the health of small businesses. The Dow Jones industrial average rose 123.57 points, or…
Job creation accelerated in April, with the U.S. economy adding 165,000 new positions and the unemployment rate edging lower amid worries over a spring slowdown. New figures from the Bureau of Labor Statistics indicated that a light March payrolls report…
The Dow Jones Industrial Average shot up more than 150 points to trade above 15,000 for the first time, led by Caterpillar and American Express, extending its gains from the previous session. The S&P 500 surpassed 1,600 and the Nasdaq…
ADP National Employment Report Shows Slower Pace of Job Gains; 119,000 Jobs Added in April Private-sector employment increased by 119,000 from March to April, on a seasonally adjusted basis. (The estimated gain from February to March was revised down to…
A group of more than 120 cancer researchers and physicians took the unusual step this week of publishing a research paper taking aim at pharmaceutical prices they see as exorbitant and unjustifiable. Drug companies are profiteering, the doctors say, by…
Factory activity in the U.S. mid-Atlantic region unexpectedly slowed in April while a gauge of future U.S. economic activity fell last month, two separate releases showed on Thursday. The Philadelphia Federal Reserve Bank said its business activity index fell to…
The Big Broadcasters Line Up Against Live Streaming TV Service New York City streaming TV service Aereo may not be welcome on the West Coast but that’s not putting a crimp in its expansion plans, according to a company spokesman.…
According to the latest data from the Bureau of Labor Statistics, 88,000 jobs were created last month, and the unemployment rate ticked down to 7.6 percent largely because the participation rate dropped. Analysts had expected 190,000 jobs. The private sector…
As more states consider legalizing marijuana for recreational use, users may soon expect to pay a marijuana tax on top of their purchases. Just as many states make additional money off the sale of alcohol, tobacco, and other vices, states…
Details of EU/IMF bailout agreement with Cyprus Negotiations in Brussels, Cyprus in last-ditch effort to agree to bail-in for 10 Billion Euros. Euro rises on deal news – News that there might be a deal in Brussels has sent the…
Russia spurned Cyprus’s offers of assets for a bailout as the island nation’s lawmakers begin debate on legislation to avert a financial collapse. “I think we aren’t able to get the support that we wanted to get,” Cypriot Finance Minister…
India’s largest state-run bank has received 1.7 million applications for just 1,500 entry-level clerk jobs — and has promised to examine all of them, a report said on Tuesday. State Bank of India chairman Pratip Chaudhuri said all 1.7 million…
Dow Jones Average Tops Record High The Dow Jones industrial average surged to a record high this morning at the opening bell, surpassing a key level in its recovery from the 2008 financial meltdown. The Dow rose 92 points to…
The price of oil fell to near $95 a barrel Monday after U.S. industrial production weakened and Europe remained mired in recession. Benchmark crude for March delivery was down 28 cents to $95.58 per barrel at late afternoon Bangkok time…
The president has the trust of more Americans in economic matters on the eve of a State of the Union address in which he’s expected to lay out a clear vision for his economic agenda. According to a Quinnipiac University poll released Monday…
The Dow stock market index closed above 14,000 for the first time since before the financial crisis rocked the world economy. Propelled by strong auto sales and optimism about U.S. jobs, the Dow Jones industrial average crossed the line early…
Watch President Obama last news conference of his first term in the East Room of the White House in Washington, Monday, Jan. 14, 2013. One component to growing our economy and broadening opportunity for the middle class is shrinking our…
