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The new SEC chairman, Mary Schapiro, will be receiving a lump-sum payout of btwn $5 mln and $25 mln from defined-benefit retirement plans of her former employer,... Read »

The number of Americans continuing to claim unemployment insurance for the week ending Jan. 17 reached an all-time high of 4.78 million. It is the highest number... Read »

The U.S. Commerce Dept reported sales of new single family homes fell 4.7% in December, to the lowest rate in nearly 13 years. Sales of new one-family houses last... Read »

We Can Still Dream of Better Days

Looking for a sign of sunnier days when a storm is raging is human nature. Homo economicus is an optimistic creature at heart, although that optimism is now being... Read »

Take a look (here) inside the Bernie Madoff’s Investment Securities offices in NY’s Lipstick Building in Manhattan via interactive graphics. Mouse over... Read »

New York Attorney General Andrew Cuomo has now expanded his investigation, according to WSJ, on the bonuses paid by Merrill Lynch (MER), and is focusing his attention... Read »

The Alternative Universe Newswire

There is a theory in particle physics, known as the many-worlds hypothesis, which posits that there are an inifinite number of universes, with a new one created... Read »

In the week ending Jan. 24, the advance figure for seasonally adjusted initial claims was 588,000, an increase of 3,000 from the previous week’s revised... Read »

New orders for manufactured durable goods in Dec decreased $4.7bln or 2.6%, the U.S. Census Bureau announced Thursday. The drop was slightly more than an expected... Read »

According to ET six-seven companies have shown interest in a complete takeover of Satyam Computer Services (SAY), a board member of the IT service firm said. Suitors... Read »

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