Manufacturing and corporate profits are both in recession mode, even though the rest of the U.S. economy continues to limp along.» Read More
An investment fund affiliated with an employee union will force Bank of America to ask investors to approve or reject a policy of making executives whole for real estate losses incurred in connection to corporate relocations.
John Grisham's book "The Appeal" was a page turning story of how justice was up for sale. Now we're seeing this story unfold in real life.
Not on the East Coast or West Coast, but in the Midwest—Wisconsin. Once considered a local race, the election for Wisconsin Supreme Court Judge took a heated turn when Governor Scott Walker's historic legislation stripping collective bargaining rights for public employees passed. Now the battle has passed to the courts.
The Wisconsin court is technically "non-partisan" and the current elections is for just one of the court's seven seats. The make up of the current bench is four conservatives, a swing vote and two liberals. So the race between conservative incumbent Justice David Plosser and liberal candidate JoAnne Kloppenburg is essentially a battle over control of the court. The future of Walker's legislation hangs in the balance of justice.
The election is awash with campaign cash. I decided to ask Carrie Severino of The Judicial Crisis Network for her thoughts on this election battle. What could it mean for the future of business in our country? Severino is a former law clerk for Justice Thomas and lecturer at Georgetown Law School.
After a ten-year hiatus, Julian Robertson is finally reopening Tiger Management to outside investors, Lawrence Delevingne at AR reports.
The reopening has been rumored for months, and hit its peak when Robertson hired Tiger Management's former chief trader Gil Caffray \(who was most recently with Tiger cub Touradji Capital\) as chief investment officer in early January.
Moody's downgraded Portugal [Yahoo Finance]
China raises interest rates...again [CNNMoney]
Texas Instruments is acquiring National Semiconductor [CNBC.com via Reuters]
Barclays CEO wants to increase bank's risk appetite [CNBC.com via Financial Times]
Admit it. You're a little excited about this.
A local government official in Massachusetts has asked the state’s treasurer to pull funds from Bank of America.
Essex District Register of Deeds John O’Brien wrote a letter to Massachusetts State Treasurer Steven Grossman, asking that the Treasurer change depository banks.
A group of conservative and libertarian groups have sent Congress a letter urging lawmakers to delay the implementation of the Durbin Amendment, a provision which would cap so-called "interchange" fees financial companies can charge on debit card transactions.
Visa and Mastercard together control around 90 percent of the market for debit card purchases. The Durbin Amendment would limit the amounts that retailers pay to Visa, Mastercard, and major banks. It was heavily supported by many of the biggest retail chains, including Walmart .
Three mid-level bankers in Goldman's tech investment banking group have left to take positions at ride service company Uber.
For a big group of stocks within the S&P 500, performance trends have been either decidedly positive or negative.
We asked the "Fast Money" traders what they were thankful for this Thanksgiving. Joe Terranova said, "The next 5 minutes."