Debtors Prison

Citi To Pay $7 Billion To Department of Justice

AP SEC-Citigroup File photo taken in 2012 shows the Citigroup tower in New York City.(Photo: Mark Lennihan AP) WASHINGTON — Citigroup has agreed to pay $7 billion as part of a landmark settlement with the Justice Department for misdeeds associated with the sale of mortgage-backed securities tied to the […] Click here to view original web page at www.usatoday.com Read More »

Carl Icahn says ‘time to be cautious’ on U.S. stocks

(Reuters) – Billionaire activist investor Carl Icahn said on Thursday that it is time for U.S. stock market investors to tread carefully after the run-up on Wall Street. “In my mind, it is time to be cautious about the U.S. stock markets,” Icahn said in a telephone interview. “While […] Click here to view original web page at www.reuters.com   Read More »

U.S. stocks Tumble Over 100 Points

NEW YORK (MarketWatch) — The U.S. stock market moved lower as a decision by one of Portugal’s biggest banks to delay a debt payment reminded investors of the fragility of Europe’s banking system. Investor worries centered on Espirito Santo Financila Group SA . Better-than-expected U.S. jobless claims did little […] Click here to view original web page at www.marketwatch.com Read More »

The ‘Dark Traits’ That Are Rewarded in The Workplace

Stuart Schneiderman My Photo Bad behavior and what are called “dark” personality traits can help you move up the corporate ladder, but ultimately they will do you in. To be more precise, what psychologists call the dark side of personality is, by my lights, a character flaw. You can […] Click here to view original web page at stuartschneiderman.blogspot.com Read More »

American Kids Are Really Bad at Handling Money

Score another one for Chinese teenagers, who leave U.S. kids in their dust when it comes to knowing how to handle money. That’s the latest anxiety-producing statistic (for American parents, anyway) to emerge out of a newly released international study of the financial habits of roughly 29,000 teens from […] Click here to view original web page at www.nationaljournal.com Read More »

Employment keeps sagging in the Obama recovery

But as the recovery unfolds, it’s becoming increasingly clear that another, perhaps more relevant measurement of the U.S. labor market has simply fallen down and cannot get up. This is the employment-population ratio — that is, the employment rate, or the share of working-age Americans who currently hold jobs. The unemployment rate measures how many Americans are out of work ... Read More »

Wall St. falls broadly ahead of earnings

NEW YORK (Reuters) – U.S. stocks fell for a second day in a broad decline on Tuesday as investors held off from making big bets going into the start of corporate earnings season. The day’s losses were broad, with eight of the ten primary S&P 500 sectors down on […] Click here to view original web page at www.reuters.com Read More »

U.S. Seen as Biggest Oil Producer After Overtaking Saudi Arabia

The U.S. will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America Corp. said. U.S. production of crude oil, along with liquids separated from natural gas, surpassed all other […] Click here to view original web page at www.bloomberg.com Read More »