IBT Staff Reporter

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The smart investment choice in 2011 will be Gold

When the return on savings is less than the rate of inflation it doesn't matter that gold doesn't provide you with an income. Tightly supplied and indestructible, it offers a natural and obvious alternative to cash. Inflation expectations are rising as 2011 begins.

Ground Zero health bill passes Senate

The long fight for healthcare and compensation for Ground Zero workers is finally over. The U.S. Senate today passed the James Zadroga 9/11 Health and Compensation Act by unanimous consent.

Former law firm partner charged with helping Starr operate Ponzi scheme

The Securities and Exchange Commission (SEC) has charged Jonathan Bristol, a former law firm partner, with aiding and abetting Kenneth Ira Starr's Ponzi scheme by allowing Starr to use his attorney trust accounts as conduits for transferring the funds stolen from Starr's clients to Starr and his two companies for personal use.

Bed Bath sees strong holidays

Bed Bath & Beyond beat quarterly profit estimates and gave a strong outlook for the period covering the holidays as U.S. consumers spent more on their homes, sending its shares up.

Senators reach deal on Ground Zero bill

Sens. Kirsten Gillibrand and Charles Schumer, D-NY, have announced that the Senate has reached a deal to pass the James Zadroga 9/11 Health and Compensation Act, which will provide $6.2 billion for permanent healthcare and compensation for the approximately 20,000 Americans who are suffering from illnesses contracted while working at Ground Zero in the weeks following the terrorist attacks.

Six banks return $2.7 billion to Treasury

Six bank holding companies repaid a total of $2.7 billion in federal bailout funds they received during the financial crisis, the Treasury Department said on Wednesday.

Chemical makers upbeat on 2011, wary on Obama

Stronger consumer appetites for clothes, cars and electronics should fuel higher profits among U.S. chemical makers next year, even as executives worry that regulations may hamper long-term growth.

NATO Turns To IBM For Cloud Computing

IBM will provide cloud computing software that will consolidate and integrate technology capabilities for critical command and control programs at NATO.

Cost control lifts Walgreen profit

Walgreen Co posted higher-than-expected earnings by keeping costs in check and better managing its discounting, and its shares rose as much as 9 percent to their highest level since last year.

Hedge fund manager Falcone sued over stock swap

A lawsuit filed against Philip Falcone charges that the investor took advantage of his position in engineering a stock swap between his hedge fund and a small publicly traded company that he also controls.

Hunger and homelessness stalk U.S. cities

With the Great Recession continuing to take a toll on America’s middle class, it should come as no surprise that homelessness and hunger remain tough problems for America’s cities, as the annual report by the U.S. Conference of Mayors points out.

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