Tagged: Coverage

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Janet Yellen to run the Fed

Janet Yellen, the vice chairman of the Federal Reserve Board, was nominated by President Obama to head the organization. While the move was expected, it was greeted as good news by the markets and...

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IMF joins warnings about potential U.S. default

The International Monetary Fund joined the chorus of warnings against a potential U.S. default. The international banking organization lowered its global growth expectations amid the uncertainty as well as weakening economic conditions across the...

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Merck cuts staff and R&D

Pharmaceutical giant Merck & Co. is cutting jobs and research in a move that will likely hurt innovation and drugs. As revenue declines across the industry, companies are looking for ways to increase the...

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Markets react to potential shutdown

At the time of this writing, a U.S. government shutdown seemed likely. Global market certainly reacted as if that were the case on Monday, posting losses. While investors and traders tried to figure out...

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The making of a sports business reporter

Steve Kandell of BuzzFeed profiles CNBC sports business reporter Darren Rovell, who is a lightning rod for criticism because of what he covers. Kandell writes, “Darren Rovell, just shy of 400,000 followers strong, does...

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Fannie Mae tries to win investors

Bond investors have another sale to weigh as Fannie Mae is planning an offering. According to The Wall Street Journal, the securities will get their value from a pool of mortgages the company acquired...

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Chrysler files for IPO

Chrysler Group filed for an initial public offering on Monday after its majority owner and employee union couldn’t reach a valuation. Fiat would like to own the company outright, but needs to placate the...