In the latest news out of Athens, Greek prime minister George Papandreou is offering to give up his post for the cause of Greek salvation. The outlook couldn’t get much worse.
We can all remember the sudden collapse of Lehman Brothers in September 2008, the official launch of the last financial crisis. Panicked investors dumped stocks …
Given the troubled state of the brick-and-mortar bookstore business, you’d think that Barnes & Noble would be focusing on ramping up its e-retail customer service. But in a new study, the bookstore chain had the longest average …
In spite of the mild economic recovery we’re experiencing, the percentage of homeowners who are underwater on their mortgages — that is, they owe more than their homes are worth — has barely budged.
Fannie Mae and Freddie Mac — just the companies’ names sound like characters out of a Brothers Grimm fable. But their financials from the last few years read like something from Stephen King. Here’s a look at what will and …
High inflation erodes the purchasing power of savings, pushes up interest rates and undermines future economic growth. Everyone agrees, in short, that it’s bad. Very bad. What experts can’t agree on is whether the risk of …
Chinese software company Longtop Financial Technologies did everything it could to make U.S. stock buyers believe it was a safe investment. Perhaps it was doing too much.
The company regularly reported income that was slightly higher than what executives had predicted the company would earn months earlier. On its balance sheet, …
Here we go again. The Obama administration is itching to woo back its highest rolling donors for its 2012 re-election bid, according to a piece out by the New York Times. Indeed, campaign season is inspiring a much softer tone with Wall Street, after Obama’s many months of harping on the private sector for making our jobs and deficit …
A retailer that may not be a household name but is one of the fastest-growing chains in the country, with smaller stores, a more limited selection, and much cheaper prices compared to the average mega-grocer. The chain is called …
Sluggish hiring is the biggest threat to an economic rebound, according to the latest Wall Street Journal economic forecasting survey. But there is a hint of good news: the economists thought the chances of a double-dip recession …
There was something dramatic and striking about the Dallas Mavericks’ victory over the Miami Heat in the NBA Finals on Sunday. No, it wasn’t the caliber of play – which was high – nor the sight of the vaunted Miami “Dream …
“Employees are taught situational tactics to extract as much money as possible from a potential customer.”
How do we jump start a jobless economic recovery? According to the President’s Jobs and Competitiveness Council, it’s a combination of the familiar, the difficult and yesbut. In an op-ed piece in today’s Wall Street Journal, General Electric CEO Jeff Immelt and American Express CEO Ken Chenault present a 5-part jobs program. The …
