In a strongly worded opinion, US District Judge Denise Cote rejected requests by Apple and five book publishers to throw out a class action suit that accuses them of price-fixing.
Citing ongoing state, federal and …
Want to Buy a Foreclosure? Here’s What You Need to Know
Foreclosures are up in 26 of the 50 largest metro areas in the country, according to a quarterly report released by foreclosure site RealtyTrac.com. At the top of the list is Pittsburgh, where foreclosures are up 49% from the …
Is the Fed to Blame for JPMorgan’s $2 Billion Blowup?
The JPMorgan $2 billion-trading-loss story is nearly a week old, and the news has predictably gone through the various spin cycles of the political right and left. Initially, progressives pounced on the loss as reason to …
‘Fracking’ Titan Chesapeake Energy in Stock Swoon Amid Cash Crunch
Chesapeake Energy’s stock price dropped to the lowest level since March 2009 on Tuesday, after a major credit ratings agency downgraded the nation’s second-largest natural gas producer on news that the company will take a $4 …
The Future of Retirement? 401(k)s That Look Like Old-Fashioned Pensions
One of the biggest flaws in most people’s retirement plan is something that previous generations rarely worried about: monthly income guaranteed for life. But the fix is in, and before long your 401(k) may look a lot more like …
Done Deal: CBS Gives Green Light to Sitcom Based on Groupon
Daily deal giant Groupon is known for its peculiar sense of humor. There was the time the site “bought” April Fool’s Day. The introduction of marketing gimmicks like the creepy virtual discount wheel called “Clicky” can only be …
FBI Launches JPMorgan Probe as Dimon Keeps $23M Pay Package
The FBI has opened a probe of JPMorgan’s $2 billion botched trade, which has wiped out nearly $20 billion in shareholder equity and renewed calls for more aggressive regulation of Wall Street. News of the federal probe, which was …
You’ll Be Able to Buy ‘Waterproof Sunblock’ This Summer, Even Though There’s No Such Thing
Last summer, the FDA announced new regulations affecting how sunscreens are marketed. Accordingly, sunscreen labels will no longer be allowed to feature the words “waterproof,” “sweatproof,” and “sunblock”—because no sunscreen …
Report: Housing Market Recovery Has Officially Begun
A new analysis suggests that home prices will begin to rise later this year.
Has Graduation Season Become the Most Depressing Time of Year?
College graduation used to be filled with hope and excitement. Lately, though, it seems as if the feeling most likely experienced while dressed in cap and gown is that of dread, with visions of a future burdened by unemployment, …
Why We Need More Female Traders On Wall Street
The resignation of JPMorgan Chase exec Ina Drew in the wake of the banking giant’s recent $2 billion trading loss is troubling news for many reasons, but one of the most important rarely gets mentioned: Trading operations need …
Customer Complaints Can Help Your Company
Here’s something most small business owners have probably never considered: Customer complaints don’t have to be considered a problem. In fact, they can be a tremendous source of goodwill and business opportunity.