August 1, 2013 The SEC pursued civil charges against Fabrice Tourre, meaning that his punishment could range from a fine to a lifetime ban from trading in securities. A federal jury in New York City found that Tourre misled investors in a mortgage securities deal.
August 1, 2013 Google subsidiary Motorola announced on Thursday the launch of a new smartphone, the Moto X. The device, which will be made in America, represents a major plunge into hardware by Google — and pits the company against rivals Apple and Samsung.
August 1, 2013 A couple of guys with serious investment banking experience are moving into the marijuana business. They've launched the first multimillion-dollar private equity fund devoted entirely to what they call the "cannabis space." They're buying companies that provide pot-related goods and services.
August 1, 2013 Japan's Prime Minister Shinzo Abe hopes to bring the Japanese economy out of years of stagnation by pumping money into the economy and encouraging domestic consumption. But not everyone is seeing the benefits, and some say it's just a repackaging of strategies that have failed Japan before.
August 1, 2013 New claims for unemployment benefits fell to 326,000 in the week ending July 27 — the lowest level for initial jobless claims in more than five years, according to the Labor Department. Employment data for the month of July is due to be released Friday.
August 1, 2013 McDonald's may seem to be everywhere, but there are still 105 countries without the fast food giant, from Ghana to Jamaica to Yemen to Tajikistan. In six countries, McDonald's once had a presence, but due to economics, and sometimes politics, the franchises closed.
August 1, 2013 The rise is being tied to a drop in weekly jobless claims, as well as assurances from the Federal Reserve that it would continue to support the U.S. economy.
August 1, 2013 WPLNA new fund on the New York Stock Exchange is a collection of stocks in publicly traded companies that have one thing in common: the city they call home. The fund managers say it will be an opportunity for locals to invest in companies they know. If it succeeds, other cities could be next.
August 1, 2013 KUHFMost economists say this year's back-to-school sales will be slower than last summer's because consumers have been coping with more expensive gasoline and higher payroll taxes. Still, several states are offering tax-free shopping to encourage purchases.
August 1, 2013 As early as September new Internet suffixes — from .nyc to .google to .ngo — will begin rolling out. It's a controversial plan that raised concerns about fraud, trademark infringement and customer confusion, but the Web's governing body says those issues have been addressed.
July 31, 2013 Both Janet Yellen and Lawrence Summers have awe-inspiring credentials. So Obama's decision seems to come down to whose understanding of the economy most closely matches his own, and which candidate is likeliest to have people looking back years from now saying: "That was an inspired pick."