Stronger job market means Fed will reduce upcoming QE3 bond purchases
During a Dec. 18, 2013 news conference Federal Reserve Board Chairman Ben Bernanke notes that the U.S.'s economic activity is expanding at a moderate pace. Photo by Alex Wong/Getty Images The Federal Reserve announced Wednesday that it will begin…
GlaxoSmithKline to stop paying doctors for drug promotion
Photo by Flickr user Ian Wilson Doctors will no longer be paid to speak on behalf of GlaxoSmithKline and its products, the British drug maker said Tuesday. In addition, the pharmaceutical company said, the pay of…
What’s Libor and why is it in the news again?
Photo courtesy of Angelos Tzortzinis/Bloomberg via Getty Images. The European Union Wednesday morning became the latest regulator to fine global financial institutions to settle charges they colluded to rig benchmark interest rates to their benefit. The 1.7 billion…
Shoppers spend record amount online on Cyber Monday
Screenshot by PBS NewsHour Online deals from companies, such as Wal-Mart and Amazon, stretched from the beginning of November through Black Friday, and according to research firm comScore Inc., shoppers spent a record amount online. E-commerce…
Amazon announced its intent to use drones to deliver packages under five pounds within a few years. Photo by Amazon. A U.S. Senate committee will hold a hearing early next year on the potential economic impact of…
The U.S. Department of Justice announced Tuesday that it was settling its merger lawsuit with American Airlines and U.S. Airways. The preliminary agreement would increase the number of low-cost carriers at several major airports across the country. Photo by…
The last BLOCKBUSTER rental 11/9 Hawaii 11PM @ThisIsTheEnd #BlockbusterMemories @Sethrogen @JamesFrancoTV @JonahHill http://t.co/RsXABlqfzL— Blockbuster (@blockbuster) November 11, 2013 Blockbuster announced November 6 that it was closing its remaining 300 brick-and-mortar…
Graphic by Elizabeth Shell/PBS NewsHour Twitter's first day out in public wasn't too shabby. In the course of Thursday trading, the company saw its share price vault between $26 to more than $50. When the dust settled, each share…
Twitter opened the New York Stock Exchange Thursday morning at $45.10, a 73 percent increase from its initial public offering of $26 Wednesday. $TWTR is officially #OPEN on the #NYSE at $45.10 http://t.co/BPICWU8d6f…
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