Debt deal reached as crisis pushed to 2014
Congress finally pulled together a deal to reopen the government and raise the debt ceiling, pushing a decision and whatever compromise that might bring to next year. The government will open at current spending levels until Jan. 15, 2014, and the debt ceiling has been extended until Feb. 7. Here’s the story from the Wall […]
Apple turns to fashion world for retail executive
After nearly a year of searching, Apple hired the CEO of Burberry to run its retail and online stores. Angela Ahrendts will be the highest-ranking woman at Apple. USA Today had this story: Apple is dipping back into the fashion world for its latest hire, plucking the CEO of luxury brand Burberry to manage its […]
Americans share Nobel Prize for economics
Three U.S. economists will share the Nobel Prize for economics for work that’s altered the way assets are priced and portfolios are managed. Given poor pricing information and other problems that led to the financial crisis, the award seems well deserved, especially if it can prevent another stumble. Here’s the story from the Wall Street […]
Google’s new ad scheme
Google Inc. is trying something new with their advertising – having it feature you. Users of Google+, the social media site, may now have their photos pop up next to advertisements in an attempt to make them even more personal. Here’s the story from ABC News: Google+ users may now see their pictures plastered next […]
Covering a potential U.S. debt default
With most people talking about what would happen if the U.S. defaulted on its debt, the coverage of different scenarios is taking on more importance. Some conservatives are advocating that it wouldn’t be too hard on the economy, while others are predicting financial Armageddon. NPR outlined three main groups that would be affected by the […]
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 other watchers who wanted Obama to put her in the position. And, she’s the first woman to head the organization. Let’s […]
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 globe. The Wall Street Journal had this story: The International Monetary Fund cut its world growth forecast Tuesday amid deteriorating emerging-market […]
What bankers are saying about the debt limit
While the federal government partial shutdown continues into a second week with no deal in site, many are turning their attention to the looming debt crisis. If Congress doesn’t agree to extend the debt ceiling, or the amount the government can borrow, by mid-October then the U.S. may plunge the entire global economy into the […]
Mobile data mining and the Twitter IPO
Looking through the weekend’s business coverage, most of the stories seemed to be about Twitter and its initial public offering. There were management stories, technology stories and rival stories. But a couple of the most interesting were about data mining. Here’s one from the New York Times: Once, only hairdressers and bartenders knew people’s secrets. […]
Twitter wants $1 billion for 140-character idea
Twitter is hoping to turn its 140 character social information-sharing network into $1 billion by selling shares to the public. While the offering has been expected, an official filing with the Securities and Exchange Commission typically reveals some of a company’s finances and inner workings. The business press was definitely paying attention. Here are the […]
