Krugman for Treasury Secretary? Draft Movement Under Way
In news destined to make conservatives revolt (or retch), a movement has been started to draft Paul Krugman for Treasury secretary.
UBS to Pay $1 Billion for Libor Manipulation
UBS will pay $1 billion to settle allegations that it manipulated Libor, according to the Financial Times and other publications. The news about UBS’ settlement will likely be made public on Monday.
President Romney’s Cabinet: Who Would He Choose?
If Gov. Romney wins the election, his Cabinet will take a very different direction on economic policy than Obama’s. Here are some of the choices to head those key posts.
Jeff Gundlach’s Stolen Artwork Found, Two Suspects in Custody
Star money manager and Investment Advisor October cover subject Jeff Gundlach received good news Thursday night.
7 Businesses Saved From the Brink of Bankruptcy
Keeping a company on top for decades is tough; turning it around is even harder. And, are they good bets for your portfolio?
Facebook Shares Hit New Low
Facebook Inc.'s IPO woes continued Thursday, as imposed ‘lockup’ deadline expired, allowing early investors to sell their shares.
The Times Editorial, Fiduciary Duty and the Levitt Rule
What is unethical? Not a broker-dealer that sells proprietary product, but one that just meets fair-dealing suitability rules while simultaneously telling investors that “We always place our clients first.”
JPMorgan’s Loss $9 Billion and Counting
The loss suffered by JPMorgan (and its investors) is either attributed to the “London Whale” or “complacency.”
The Spirit of Scottrade: Little Firm Pushes Big Value
If you haven’t heard of Scottrade Advisor Services, you’re forgiven. Started in 2005, it resides in the decidedly non-financial hub of St. Louis, but the institutional business is coming on strong, finding a niche among the big boys.
Fidelity, Schwab, Scottrade Wrestle With Facebook Fallout
NASDAQ now counts 30 million improperly executed shares.