Wall Streeters supported Obama in 2008, only to turn on him in 2012, pouring millions into Romney’s failed White House bid. Will the President now turn on them? Signs point to “no.”
Wall Street & Markets
Patent Progress: What Apple and HTC’s Landmark Pact Means for the Patent Wars
Finally.
After years of lawsuits and untold tens of millions in legal fees, Apple, the world’s largest technology company, has agreed to cease all current patent litigation against Taiwanese hardware giant HTC, a major ally of …
The People’s Bailout: Occupy Wall Street Wants to Forgive Your Debt
During the height of the financial crisis, the federal government pulled out all the stops to ensure the survival of the nation’s largest financial institutions. Along the way, shareholders and creditors of big Wall Street …
Election’s Over: Time to Buy a Gun!
President Barack Obama has been referred to as “salesman of the year” for the gun industry. The nickname is likely to stick around, considering that gun sales are expected to rise like a speeding bullet now that he’s been reelected.
Election Day Hangover: Stock Markets Plunge as Investors Eye Fiscal Cliff
The Dow Jones Industrial Average had its worst day of the year yesterday, dropping 313 points or 2.36% as investors worried about the economic health of the eurozone and the effects of tax increases and spending cuts set to go …
Corporate Raiders Beware: A Short History of the “Poison Pill” Takeover Defense
Since the heyday of corporate raiders in the 1980s, so-called poison pills have been a standard – and powerful — corporate defense against hostile takeovers. So what exactly are they?
Raiders of the Lost Stream: Netflix Fight with Carl Icahn Escalates over ‘Poison Pill’
Internet video giant Netflix announced a defensive maneuver on Monday designed to fend off famed corporate raider Carl Icahn, who has amassed a sizable stake in the company and suggested it should be sold. Netflix’s “poison pill” …
Who’s Better for Markets: Romney or Obama?
There’s a growing bit of conventional wisdom that says that if Mitt Romney is elected, the stock market will soar, and if President Obama gets another term, we’ll enter a bear market. Romney said as much himself to a group of …
What Should Be Done About Growing Inequality?
Many factors contribute to increasing inequality. Public policy should focus on eliminating only the bad ones
Better Safe Than Sorry: Why U.S. Securities Exchanges Closed for Second — and Maybe Third — Straight Day
It has been estimated that as many as 60 million people could be directly affected by Hurricane Sandy, but there are a few ways in which the entire country will feel the impact of this powerful storm. One way is through the closing of U.S. securities exchanges for the second straight day — the first time since 1888 that the country’s …
Apple Profit Surges 24% Ahead of Holiday Blowout; CEO Tim Cook Disses Microsoft
Facebook Finds Friends on Wall Street as Stock Soars 20% on Mobile Gains
Over the last year, Facebook CEO Mark Zuckerberg has repeatedly emphasized his company’s social mission, “to make the world more open and connected.” It turns out that he’s interested in building a lucrative business as well. …
