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News & Updates

April 2, 2014 Automakers had a dynamite March

Source: Columbus Dispatch

A thaw in the weather began to bring buyers back to showrooms, which allowed General Motors, Ford, Toyota, Nissan and Chrysler to top analysts’ estimates for March sales.

April 2, 2014 JPMorgan Assailed by Russia as Bank Blocks Payment

Source: Bloomberg

JPMorgan Chase & Co. (JPM) blocked a payment involving a Russian embassy, a decision described as “illegal and absurd” by the Foreign Ministry in Moscow. The biggest U.S. bank thwarted a remittance from the Russian embassy in...

April 2, 2014 Caterpillar Bulldozes Tax Code Like Apple, Google & Facebook, Senators Allege

Source: Forbes

Caterpillar sidestepped $2.4 billion in U.S. taxes over 13 years by shifting profits to Switzerland, claims a report by the Senate Permanent Subcommittee on Investigation. Senator Carl Levin (D-MI) grilled execs and...

April 1, 2014 Should you ditch funds that hold on to their cash'

Yahoo Finance UK and Ireland - âGiven the Isa rule changes, savers can now put a portion of their overall portfolio into a cash Isa and get a much ... âexpensiveâ shares for the sake of it. âIt is part of...

April 1, 2014 European Stocks Rise on China Data, Dovish Fed Comments

Inside Fidelity - European stocks climbed Tuesday, buoyed by signs of stabilization in Chinese manufacturing activity and a reassurance from U.S. Federal Reserve Chairwoman ... remained unsure whether the European Central Bank...

April 1, 2014 'Social Finance': Doing Good by Doing Well

Source: Bloomberg/BusinessWeek

Americans celebrate innovation, a term that the dictionary says stems from the Latin verb innovare—to “make new.” We all sense that a wave of innovations—mobile internet, robots, artificial intelligence, driverless cars—will...

April 1, 2014 Senator says manufacturing giant Caterpillar uses offshore haven to avoid billions in US taxes

Source: US News

Executives from manufacturing giant Caterpillar Inc. are heading to Capitol Hill to explain what one senator calls an aggressive strategy to avoid paying billions of dollars in U.S. taxes. Caterpillar has avoided paying $2.4...

April 1, 2014 How You, I, and Everyone Got the Top 1 Percent All Wrong

Source: The Atlantic

For years, I've been making the same embarrassing mistake about U.S. economic inequality. Sorry. I've written, over and over, that the most important divide in our wealth disparity was between the 1 percent and the 99 percent....

April 1, 2014 Wall Street rises on Yellen's view; S&P scores modest first quarter gain

Source: Reuters

U.S. stocks rose on Monday, with the S&P 500 ending both March and the first quarter of 2014 with moderate gains, after Federal Reserve Chair Janet Yellen relieved concerns about a rate hike coming earlier than expected.

April 1, 2014 NY Federal Atty Rejects Corporate Doomsday Cries

Source: ABC News

Manhattan's top federal prosecutor says corporate America — especially financial institutions — will do almost anything to avoid a tough enforcement action, but their doomsday claims are sounding more like a "Chicken Little"...

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