Economy & Markets
The important economic and stock market news that advisors need to know.
In Sign of Recovery, Icelandic Bank to Sell Bonds in International Markets
By Marlene Y. SatterArion Bank will reenter international debt markets for first time since default.
December 02, 2011
Enron Bankruptcy 10 Years Later: Before Bailouts Were BigThough just a decade ago, the Enron era in some ways seems to belong to another eraa time when failing companies met with bankruptcy rather than bailouts.
December 02, 2011
Payroll Tax Cut Votes Reveal Washington's Political Fault LinesCongress will likely pass some form of a payroll tax cut before 2011 is out, but the process is a painful one that shows just how divided Democrats and Republicans remainand where the fault lines lie.
December 02, 2011
U.S. Jobs Surprise: Unemployment Rate Falls to 8.6% From 9.0%The unemployment rate dropped partly because of the large number of discouraged job seekers who have left the workforce.
December 02, 2011
Budgets, Not Bonds: Germany’s Merkel Talks Tough on EurozoneGerman leader insists key to euro debt crisis is austerity, not eurozone bonds or ECB intervention.
December 02, 2011
Thomson Reuters' CEO Glocer Out; Replaced by COO SmithStock price drop in markets information provider precedes shuffle.
December 02, 2011
Judge Rakoff Says Goldman's Blankfein Can Testify in Insider Trading CaseControversial Federal judge orders that deposition can be taken before Rajat Gupta insider trading trial.
December 02, 2011
States Ready to Chip in to Boost Economic RecoveryAll eyes are on the lingering effects of the 2008 financial meltdown, and federal policymakers are understandably anxious to find a formula that will revive the national economy and help bring unemployment levels down. The states are ready to help.