Alexander C. Kaufman

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Alexander C. Kaufman is a reporter at the International Business Times covering companies, retail and media. He joined in May 2013. Previously, he was an editor of Mediabistro's FishbowlNY site and a media reporter at TheWrap in Los Angeles. Before that, he wrote about crime and city affairs at the Boston Globe. He studied political communication at Emerson College, where he served as the editor-in-chief of the Berkeley Beacon, overseeing the design and launch of a first-of-its-kind HTML5 website, one of the first newspapers in the world to do so. He got his start as a journalist at 15, writing for the Long-Islander, a weekly founded by poet Walt Whitman. When he has downtime, he collects photos of German Chancellor Angela Merkel frowning on this Tumblr.

Kaufman can be reached at: a.kaufman@ibtimes.com | 646-484-7504

Spain is the latest victim of the euro zone crisis. Fitch Ratings downgraded 18 Spanish banks on Tuesday.

Remember The Spanish Banks' Bailout Conditions? They're The EU's New Standard

Shareholders and junior bondholders are going to have to take a hit before they can get a taxpayer-funded bailout.

Bernanke Tells Congress The Economy Still Needs Fed Stimulus

The head of the world's most powerful central bank said that despite job growth, the economy still needs help from the Fed.

Existing Home Sales Rise But Remain Below Demand

Home sales in April rose to a three-year high of 4.97 million, just shy of what economists had expected.

Saks Stock Is Soaring On News Of A Possible Sale

The luxury retailer reportedly hired Goldman Sachs to find a buyer.

Commodities Are Falling Fast As So-Called 'Supercycle' Winds Down

The slowdown of the Chinese economy translates into a beating for silver, gold and others commodities.

Apple CEO Tim Cook Pressed By Senators On Offshore Tax Policies

Apple CEO Tim Cook appeared before Senators McCain and Levin to address concerns that the tech giant uses offshore companies to skirt taxes.

3 Things Europe Can Learn From Japan's Abenomics

Abenomics is an expansionary monetary policy, increased fiscal spending and structural changes - and Europe can learn from it

Should China Build A Bloomberg Terminal Rival?

The state news agency says China must protect its interests by reducing its dependence on Wall Street's favorite data service.

An employee counts Renminbi banknotes at a Bank of China branch in Changzhi, Shanxi province Nov. 16, 2009.

Goldman (GS) To Sell Off Stake In China's Biggest Bank

The Wall Street titan has been slowly reducing its stake in the bank and now hopes to sell what remains for about $1.1 billion.

Transocean Has Bittersweet News For Carl Icahn: Shareholders Reject Carl Icahn's Big Dividend Proposal But Oust Chairman

A sweeping majority of Transocean shareholders voted down Icahn's proposal for a $4 a share dividend and voted out chairman Michael Talbert.

Financial Times Tech Blog, Twitter Accounts Hacked By Pro-Assad Syrian Electronic Army

The Financial Times is just the latest western media outlet to be attacked by hackers believed loyal to the Syrian government.

China Has Been Inflating Its Exports Numbers All Year, In Some Cases Doubling The Actual Figures

China has over-reported its exports for the last five months, and its economy is growing much less than widely believed.

US Consumer Sentiment In May 2013 Reaches Highest Level In 6 Years: U. Of Michigan/Thomson Reuters

Consumer sentiment rose to 83.7 from April's 76.4, according to a Thomson Reuters/University of Michigan index.

6. Stephen Harper, Prime Minister of Canada

Keystone XL: Canada's Prime Minister, Stephen Harper, Says TransCanada Pipeline 'Absolutely Needs To Go Ahead'

Canadian Prime Minister Stephen Harper said increasing the oil supply to the U.S. was inevitable.

Bill Gates Is Once Again The World's Richest Man

Carlos Slim, the Mexican billionaire, has been dethroned from his status as the world's richest person by Bill Gates after a recent rally in Microsoft stock.

Citigroup Cuts Off Some Bloomberg Terminal Chat Services

Citigroup is banning its forex traders from using their Bloomberg terminal chat rooms to talk to each other -- but they can still use it for outside clients.