New data on the population of millionaires suggest little connection between tax rates and a state's population of millionaires.» Read More
These sunshine cities have focused their efforts on developing new industry niches to strengthen their local economies and promote future growth.
The ebbing economic tide from the Great Recession revealed some of the worst swindles in municipal finance in decades.
Nov 19- A former trader was sentenced to 2 1/ 2 years in prison on Tuesday for an unauthorized purchase of about $1 billion in Apple Inc stock that eventually led to the demise of financial services firm Rochdale Securities. As a result, the firm eventually collapsed, the SEC said.
*Fed Chairman Ben Bernanke addresses Economic Club in evening. NEW YORK, Nov 19- U.S.
NEW YORK, Nov 19- U.S. "A somewhat heavy global supply calendar of about $18 billion and slightly better ZEW surveys have Treasuries and bunds very slightly on the defensive entering the New York session," said John Briggs, U.S. rates strategist at RBS Securities in Stamford, Connecticut.
Detroit's bankruptcy, and rumblings about tax overhaul, have fueled a big sell off in the municipal bond market. What's next?
NEW YORK, Nov 18- U.S. oil futures fell on Monday, weighed down by expectations the Federal Reserve could taper its bond buying program. Crude prices fell quickly in early afternoon activity after William Dudley, the president of the Federal Reserve Bank of New York, said he was "getting more hopeful" on prospects for U.S. economic recovery.
NEW YORK, Nov 18- U.S. oil futures fell more than $1 per barrel on Monday on the view that supplies were ample, along with worries that demand could weaken after a U.S.
Visit any American city and it doesn't take a whole lot of imagination to see where its greatness came from—however faded it may seem to be.
Chattanooga has made a comeback over the last 5 years thanks to investing in high-speed broadband. In the process, it has wooed $4 billion in foreign investment.
Federal and state funding cutbacks are challenging Main Street. The future of America is at stake since cities contribute more than 90 percent to GDP.
Interest rate swaps - sold as a way to save money on public financing - have turned into municipal bombs.
The head of the National Urban League outlines a plan to close the economic divide that's crippling U.S. cities.
Attorney Preet Bharara announced at a televised press conference on Nov. 4 that Steven A. Cohen's SAC Capital Advisors would plead guilty to insider trading, two prosecutors stood quietly to his right.
NEW YORK, Nov 15- Oil futures were moderately higher in choppy trading on Friday supported by Libyan supply outages and supportive comments from the Fed chair nominee, but gains were limited by reports that a deal with Iran may be near on its nuclear program.
Nov 15- Candle maker Blyth Inc rejected an unsolicited acquisition proposal from direct seller CVSL Inc, saying the offer was not supported by committed financing and may leave it saddled with debt. CVSL last month proposed to acquire Blyth for $16.75 per share, or about $270 million.
The previous day, hedge fund managers, oil princes and oligarchs were bidding by telephone at Christie's when the auction house sold Francis Bacon's "Three Studies of Lucian Freud" for a record $142.4 million, in what was seen as a test of the global art market's health.
SYDNEY, Nov 15- Asian share markets sped ahead on Friday as investors took comfort in the prospect of extended U.S. monetary stimulus, while a falling yen had Japanese stocks gunning for their biggest weekly increase in almost four years.
SYDNEY, Nov 15- Asian share markets rallied on Friday as investors took comfort in the prospect of extended U.S. monetary stimulus, while a falling yen had Japanese stocks gunning for their biggest weekly increase in almost four years.
*Japan shares aiming for biggest weekly gain since late 2009. SYDNEY, Nov 15- Asian share markets found reassurance in the prospect of extended U.S. monetary stimulus on Friday, while a falling yen had Japanese stocks gunning for their biggest weekly increase in almost four years.