COMMODITIES

Obama Tax on Wealthy - Correcting Last Decade’s Big Mistake?

The U.S. Capitol dome and U.S. Senate in Washington
Although President Obama’s new deficit reduction plan will be portrayed as a tax hike, in reality, it by and large returns the tax code, with a few exceptions, to levels that existed prior to the 2001 Bush income tax cut -- a cut that fundamentally altered the U.S.'s fiscal and economic trajectory. The nation has been trying to recover ever since.
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Syracuse

Syracuse, Pittsburgh to Flee Big East for ACC -- NCAA Conference Shake-Up Underway

Welcome to the end of the NCAA as you have known it before. The big shuffle is underway. First, Texas A&M said it was bolting from the shaky Big 12 for the Southeastern Conference -- starting the process of conference moves and consolidation. Now, Syracuse and Pittsburgh have started the formal process of leaving the Big East to join the Atlantic Coast Conference.
UBS $2 billion rogue trade suspect held in London

UBS Trader on Facebook: 'Can We Shut Down Global Markets So Everyone Can Just Chill?'

UBS, it appears, had no idea that accused rogue trader Kweku Adoboli might be messing around with unauthorized risks in its London office, losing $2 billion. It's shocking that $2 billion could slip away so easily, but that's apparently what happened. The bank's analytics simply never caught on, and by now, you know what happened from there -- $2 billion is gone, and the 31-year-old Adoboli has been arrested by London police and charged with three counts while UBS, the Swiss bank with ...
U.S. Energy

Natural Gas: Can It Displace Oil in the U.S.?

The energy-thirsty United States is on the hunt for a game-changing energy source or energy usage technology -- and batteries and fuel cells are strong candidates. But their mass use could be 20 years away. Meanwhile, a conventional source may bridge that gap, or provide even more upside: natural gas.
2012 U.S. Election

Could Jimmy Carter's Comments Doom Mitt Romney?

Former President Jimmy Carter appeared on MSNBC Thursday night and endorsed candidate Mitt Romney for the Republican Party's presidential nomination. Could the endorsement doom Romney's nomination chances?
A person uses the new BlackBerry Bold 9900 at a release party to promote the BlackBerry OS 7 devices made by RIM in Toronto

Five Reasons RIM, BlackBerry Will Die

The BlackBerry smartphone phone was a big deal, at one time. But that was a long time ago, in tech terms. It was before 2007, when Apple launched its first iPhone. Now, as Apple nears launch of its iPhone 5, the BlackBerry and Research in Motion, the smartphone's manufacturer, are both on a fast track to demise. Here are five reasons RIM and its BlackBerry smartphones may die.
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UBS in turmoil as $2 billion rogue trade hits ratings

Swiss bank UBS came under increasing pressure to shrink or sideline its investment bank business -- source of a $2 billion rogue trading loss -- as ratings agencies warned lax risk management could prompt downgrades.
UBS $2 billion rogue trade suspect held in London

Kweku Adoboli: Is UBS Doomed?

Continued losses in the investment bank arena could lead to more restructuring and another round of job cuts to be unveiled in November.

Republicans Debating Ceiling on U.S. Defense Cuts

The idea is out there: Republicans on Capitol Hill considering a ceiling for defense cuts mandated by the deficit-reduction super committee. If it becomes a reality, however, it would not exceed $150 billion over 10 years.
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10 Essential Components of an iPhone 5 Wish List

Apple is known for improving the iPhone experience with the launch of new iPhone versions year after year. This year looks no different if rumors are to be believed. Both hardware and software improvements are expected this year as well.
A teller counts euro banknotes inside a National Bank of Greece branch in Athens

Global Central Banks Flood Market With Dollars: What's the Impact on U.S. Stocks?

The world's major central banks, led by the European Central Bank and the U.S. Federal Reserve, in a coordinated effort Thursday intervened to provide dollar loans to commercial banks in an effort to maintain liquidity in Europe and check institutional investor concern about Europe's private sector banks. What will be the impact on U.S. stocks?
U.S. Republican presidential candidate Texas Governor Rick Perry

Republicans Favor Perry, But Obama Still Leads Over GOP Nominees: Poll

In the latest Bloomberg News Poll on the 2012 election, Republican and Republican-leaning Independent voters favor Texas Gov. Rick Perry over former Massachusetts Gov. Mitt Romney, but in the poll's entire sample, the public still favors President Barack Obama over any GOP nominee.

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