A growing number of towns, cities and other local governments are seeking refuge in havens many states provide as alternatives to federal bankruptcy court, the NY Times reports.
When Capitol Hill set out to force derivatives onto exchanges, lawmakers carved out a broad exemption for so-called "end users" — non-financial companies seeking to hedge their exposure to fluctuations in currencies, commitments and interest rates. An ambiguity in the Dodd-Frank financial reforms, however, threatens to undermine the end-user exemption
Many of the country’s largest casinos, long opposed to gambling games like poker on the Internet, are now having second thoughts.
Why not just a dignified, stand-up, serious handshake? That’s what Reagan would have done. A strong handshake shows friendship, respect, and even affection. But a big fat hug seems to go over the line.
The Federal Communications Commission (FCC) confirmed Monday it will still investigate unjustified charges by Verizon Wireless after the cell-phone operator said it would refund millions of dollars to customers.
As many households and small businesses are being turned away by bank loan officers, large corporations are borrowing vast sums of money for next to nothing — simply because they can, the New York Times reports.
George Osborne will on Monday vow to break the dominance of the City in the British economy, as he seeks to balance tough rhetoric on the deficit with the need to sustain future growth in all parts of the UK. The FT reports.
The "Mad Money" host explains what's important to watch for when companies report next week.
The SEC’s focus on high frequency traders should be instead on the proliferation of high frequency products. The traders are the good guys in the Man versus Machine debate. My worries are about the 30-some sponsors of Exchange Traded Funds (ETFs) who are said to be creating all sorts of new ready-to-exploit pricing inefficiencies in small capitalization stocks, sectors, industry ETFs, ETF futures, ETF options, and ETF fund-of-funds.
A trading firm's use of a computer sell order triggered the May 6 market plunge, which sent the Dow Jones industrial average dropping nearly 1,000 points in less than a half-hour.
The Financial Times described Rahm Emanuel's management style as 'capricious', meaning arbitrary, subject to whim or prejudice. That's the FT. I have always thought that he was pugnacious and overly aggressive. I also thought he has ill-served the President.
The federal government is trying to do the right thing for taxpayers who live paycheck-to-paycheck and rely on their tax refunds to help with the basics of everyday living. Unfortunately, initiatives the government recently unveiled will only hurt the very people they're trying to help.
Stop the political rhetoric and attend to building better markets. New listings, not complex financial packages, should be the focus of the SEC.
Today, US President Barack Obama is going to announce further changes to his White House team. Chief of Staff Rahm Emanuel is going to step down to run for mayor of Chicago. The President is expected to announce long term staff member Peter Rouse to the position.
The Principal Financial Group announced on Thursday that it planned to stop selling health insurance, another sign of upheaval emerging among insurers as the new federal health law starts to take effect. The New York Times reports.
The judge in the upcoming trial of Texas financier Allen Stanford has issued a sweeping gag order, barring the defendants, attorneys and even Stanford's alleged victims from talking to the media ahead of Stanford's January trial.
Finance ministers and central bankers from the G20 nations are considering raising capital levels 2 percent to 3 percent higher for the world’s biggest banks, CNBC has learned.
San Diego County may be known for its famous coastline, but when it comes to fresh water, it has very little supply. Residents pay for water to be imported from the Colorado River and other areas. But some believe even higher prices are needed, which would encourage conservation and reduce water use.
The Federal Deposit Insurance Corporation's Deposit Insurance Fund minimum reserve ratio should be higher in order to increase the probability that the insurance fund will remain positive during a crisis, FDIC Chairman Sheila Bair said.
Bank of America Merrill Lynch will lay off 20-30 people from the firm's proprietary trading desk, a spokesperson for the company confirmed to CNBC Wednesday.