General Motors took another big step in its ongoing efforts to reduce the company’s massive pension obligation.
Virginia. Between the mailers, the robocalls, the TV and radio commercials, it’s enough to make a grown man cry. Or a little girl.
Demand for East Coast hotel rooms is spiking, and some travelers charge price gouging in the aftermath of Hurricane Sandy.
Hurricane Sandy should little affect these estimates as employer and household surveys were conducted earlier in September. Going forward, the hurricane will depress employment but only until the rebuilding begins in earnest.
This difference arises because the economy is operating at less than full employment and factories are not being fully utilized.
An entrepreneur by the name of George Lucas just cashed out of the company he founded and built: Lucasfilm. Unlike many entrepreneurs who build companies these days, George Lucas didn't raise any VC money.
So, it's all systems go for trading Wednesday. Let's hope. The key issue: testing the connectivity of the system. The NYSE, NASDAQ, and the other exchanges need to make sure their systems connect to their customers (brokerage firms, etc.) with no problems.
Bob Iger made his third major acquisition for Disney (DIS) - buying Lucasfilm for $4.05 billion, roughly half-cash, half-stock.
Two entertainment empires are now one, as Disney has announced it will buy Lucasfilm and its "Star Wars" franchise. So what can we expect now that Jedis everywhere are in the Mouse House? Potential film titles are already hitting the Twittersphere.
As our thoughts remain with all those who have been horribly affected by the devastation that hit the U.S. Eastern seaboard and its aftermath, we are being asked about the implications of Hurricane Sandy for markets
Millions of Americans set out to buy emergency supplies in the days ahead of Hurricane Sandy. Those buying essentials such as gas, food, water, batteries and generators expected to dip into their savings and spend more money than usual — but they did not expect to overpay.
Yale University economist Robert Shiller believes housing might have seen the lowest point it will for some time, but the health of the job market will be the key factor in the future direction of home prices.
Koch admits the company missed a few deliveries, "But this is the Northeast. I mean, we have snowstorms, we have hail storms, we have hurricanes, this is not LA, you know, life is not easy out here."
Some airports are slowly coming back online post Superstorm Sandy. Finding an available airline seat will be a challenge for days.
Atlantic City was pummeled by Hurricane Sandy on Monday, and the full damage to the Jersey Shore gambling capital is still being assessed. As New Jersey Gov. Chris Christie told reporters at a press conference Tuesday, the "level of devastation at the New Jersey Shore is unthinkable."
The offices of the Federal Reserve banks of New York and Philadelphia are nearly empty. But the staffs of the banks, as well as the Board of the Federal Reserve in New York, are working from home to keep the U.S. financial system flowing smoothly.
It happened after hurricane Katrina, and the expectation is that Sandy will prove no different. “Demand for self-storage rises considerably as homeowners, contractors, and local suppliers set about preparing for reconstruction,” note analysts David Toti and Gaurav Mehta of Cantor Fitzgerald.
“Going forward we are going to have to anticipate these types of extreme weather patterns,” New York Governor Andrew Cuomo said in a press conference Tuesday morning. “And we have to think about how we redesign the system so that this doesn’t happen again.”
Sandy is wreaking damage on the New York media industry, and it’s not just Broadway plays and film productions feeling the impact. The flooding of a major Internet Service Provider has pushed a number of sites, including Huffington Post, BuzzFeed, and Gawker offline, and they’re rushing to find workarounds
With the lights out smart phones are the only source of information for people left in the dark by Hurricane Sandy, which puts the spotlight on Twitter and Facebook.