HighTower Advisors, a firm that is expanding by poaching financial advisers from the big brokerages, on Monday said it hired a private banking team from Merrill Lynch managing more than $1 billion of client assets.
HighTower Advisors, a firm that is expanding by poaching financial advisers from the big brokerages, said on Monday it hired a private banking team from Merrill Lynch managing more than $1 billion of client assets.
Interest rates on most Treasury bills fell on Monday after a tentative deal among top Washington lawmakers to raise the debt ceiling soothed anxiety of a sovereign debt default.
Central Falls, Rhode Island, one of a handful of U.S. cities and counties facing fiscal collapse in the wake of the economic recession, filed for a rare Chapter 9 bankruptcy on Monday.
Twitter announced on Monday that it had received another significant investment, this time $800 million from Russian investment firm DST Global. The deal gives the social media company an $8 billion valuation, but a big question still remains--why?
The increase in the debt ceiling is only half of what President Obama was asking for and will therefore create another round of default trauma when the next debt ceiling is reached. I
High inflation and soaring real estate prices have thrown thousands of residents into dire straits.
In the rush to strike a debt deal to raise the debt ceiling and avoid a U.S. Government default, one question has been overlooked: will the debt deal increase or decrease the U.S. unemployment rate?
Banks around the world are likely to keep slashing jobs in order to compete better in what is a cut-throat global business.
Money market funds face uncharted waters if a debt deal is not reached soon in Washington, but Joe Morgan is not ready to abandon ship.
High inflation and soaring real estate prices have thrown thousands of residents into dire straits.
I wasn't one of those people who lost a bunch of money when dot-com stocks blew up in 2000, but to be honest, that's because I didn't make a lot of money in the bubblicious run up, either.
The debt negotiations are getting down to the wire. Republican and Democratic lawmakers are scrambling to broker a deal to raise the country's $14.3 trillion debt ceiling before Tuesday, when the Treasury will no longer be able to borrow funds to meet all of its obligations. It all means the United States could face the possibility of defaulting on its debt and losing its prized triple-A credit rating.
Senate Democrats aimed to seize the initiative in efforts to head off a ruinous debt default by pushing their deficit-cutting plan on Saturday toward a possible compromise with a divided Republican Party.
The top after-market NYSE gainers on Friday are: Dynegy, Unifi, iSoftStone Holdings, Orbitz Worldwide, Terex, Crexus Investment, Miller Petroleum, Gildan Activewear, HSBC Holdings and MEMC Electronic Materials.
Hollywood is on global expansion overdrive, with the international box office racking up a larger percentage of overall film revenues than ever before.
When Alibaba announced it was giving away subsidiary Alipay (a leading Chinese online payment platform) to a separate company controlled by Alibaba CEO Jack Ma, Yahoo! investors balked.
Hollywood is on global expansion overdrive, with the international box office racking up a larger percentage of overall film revenues than ever before.
China has ordered companies that have issued bonds to submit any asset restructuring plans to bond holders for approval, sources said, as Beijing steps up its efforts to rein in the risks from a mounting pile of local government debt.
The world's population will surpass seven billion people by the end of 2011 and ten billion by 2100, but can earth sustain that many people? Demographers are concerned that explosive population growth in the developing world could drain the earth's resources and threaten global economies.
U.S. gross domestic product (GDP) rose just 1.3 percent in the second quarter and a scant, revised 0.4 percent in the first quarter -- statistics that reveal a U.S. economy that's not only growing at a very slow rate, it's in danger of falling back into a recession.
The U.S. economy grew at a slow-crawl pace in the first half of this year, slower than economists had expected. Unemployment remains high also. Until companies stop hoarding cash and start hiring again, the environment isn't likely to change soon.
