He's back in the fold. Late Friday an assistant to former Lehman Brothers Chairman and Chief Executive Officer Richard Fuld Jr. sent a blast email saying he has landed at Matrix Advisors, LLC, located at 780 Third Avenue in New York ...Read More
For President Obama and Congressional Democrats, public opinion this past year has mostly gone in the wrong direction — on his job performance, on health care and economic stimulus, on midterm elections.
But there's one conspicuous exception: the president's call for ...Read More
Who would have thought that one of Barack Obama's biggest missteps as president would be repeating some of the bad habits of George W. Bush? No single factor was more instrumental in Obama's 2008 victory than his pledge to completely ...Read More
NEW YORK - If you're confused about the outlook for the economy and stocks one year after the market hit bottom, then you've got good company — the Wall Street economists and strategists who are supposed to have this all ...Read More
Gretchen Morgenson is the NYT's lead attack-dog on issues relating to Wall Street and derivatives, but her pieces are frequently the subject to the kind of criticism that was formerly reserved for Ben Stein.
But her latest piece takes the cake, ...Read More
Bloom Energy Corp. has made quite a splash since the debut of its fuel cell on CBS TV's "60 Minutes" last month. But executives of the Silicon Valley startup say they still have a long road to go before the ...Read More
Google does not own Microsoft Office, but it appears to be investing in it nonetheless: The company on Friday , a start-up founded in 2007 by two ex-Microsoft engineers. The terms of the deal were not disclosed, though The Wall Street ...Read More
WASHINGTON (Reuters) - Total U.S. consumer credit rose $4.96 billion in January, its first rise in a year and the largest for any month since mid-2008, Federal Reserve data showed on Friday. The unexpected monthly gain in outstanding consumer credit more ...Read More
NEW YORK -- Shares of Apple Inc. jumped to a record high Friday amid a broader market rally after the technology company said its highly anticipated iPad tablets will go on sale April 3. Investors shrugged off a slight delay - ...Read More
Illustration from a patent application for Apple's tablet technology.
Consumers will get to cast their votes on Apple's iPad on April 3 when the Wi-Fi-only version of the tablet computer is scheduled to be available, a few days late.
Observers from Silicon ...Read More
World stock markets rose Friday after better than expected U.S. jobs data helped reassure investors that the recovery from recession in the world's largest economy remains on track. In Europe, the FTSE 100 index of leading British shares was up 63.61 ...Read More
Stock futures added to their gains Friday morning as February's jobs report offered no negative surprises for traders and showed the unemployment rate was flat. As of 8:59 a.m. EST, the Dow Jones Industrial average futures rose 49 points, or 0.48%, ...Read More
A view of the headquarters building of Japan's electronics giant Sony Corporation in Tokyo. Sony is developing a new lineup of handheld products to counter Apple's stable of portable devices, The Wall Street Journal reported Thursday.
Japanese electronics giant Sony is ...Read More
MENOMONEE FALLS, Wis.-Kohl's Corp. reported Thursday that a key sales figure for February rose, though it fell just below analyst estimates. The company said sales at stores open at least a year were up 3.7 percent for the four weeks ended ...Read More
Will Ferrell, Fred Armisen, Chevy Chase, Dan Aykroyd, Dana Carvey and Darrell Hammond, the Saturday Night Live actors who have played every American president since Gerald Ford -- save Ronald Reagan -- have teamed up on a web video meant ...Read More
Facebook chief executive and co-founder Mark Zuckerberg said in an interview Thursday he is in no hurry to launch an initial public offering for the wildly popular social networking site. "We're going to go public eventually, because that's the contract that ...Read More
PLEASANTON, Calif. - Discount retailer Ross Stores Inc. said Thursday that a key sales figure rose 11 percent in February, surpassing Wall Street's expectations. Analysts surveyed by Thomson Reuters predicted sales at stores open at least a year would increase 6 ...Read More
New claims for jobless benefits fell last week in a sign that layoffs may be easing as the economy slowly recovers. The Labor Department said Thursday that initial claims for unemployment insurance fell by 29,000 to a seasonally adjusted 469,000. That ...Read More
Many retailers reported sales gains for February, even in the face of falling consumer confidence and heavy snowstorms that disrupted much of the country. But while consumers are starting to spend a little more, the figures are positive partly because sales ...Read More
PALO ALTO, Calif.-Most everyone in Silicon Valley and on Wall Street agrees: The eventual IPO of social-networking site Facebook could make its founder the world's richest twenty-something. Yet Chief Executive Mark Zuckerberg, now 25, seems intent on deferring that multibillion dollar ...Read More
SAN JOSE, Calif. (AP) -- Semiconductor maker Altera Corp. on Wednesday raised its guidance for first-quarter revenue, citing improving sales across its product lines. But even with the boost, the forecast fell short of Wall Street expectations and shares fell ...Read More
