Description: Bank of America announced on Friday that it would pay $2.43 billion to settle a class action lawsuit related to its acquisition of Merrill Lynch, as the legal woes continue for the financial institution. Source: NYTimes.com Date: Sep 28, 2012 Link: http://dealbook.nytimes.com/2012/09/28/bank-of-america-to-pay-2-43-billion-to-settle-class-action-over-merrill-deal/?ref=business Questions for Discussions: What lessons are there to be learned here for investors and… Read more »
Posts Categorized: Governments & Regulators
Medicare Bills Rise as Records Turn Electronic
Description:Â When the federal government began providing billions of dollars in incentives to push hospitals and physicians to use electronic medical and billing records, the goal was not only to improve efficiency and patient safety, but also to reduce health care costs. Source: NYTimes.com Date: Sep 21, 2012 Link:Â http://www.nytimes.com/2012/09/22/business/medicare-billing-rises-at-hospitals-with-electronic-records.html?_r=1&hp Questions for Discussions: What are… Read more »
The economy 4 years after Lehman
Description: CNNMoney takes a look at Wall Street jobs and where the country’s money is concentrated four years after Lehman Brothers went bankrupt. Source: CNNMoney.com – video report Date: Sep 14, 2012 Link: http://money.cnn.com/video/news/2012/09/14/n-economy-four-years-after-lehman-collapse.cnnmoney/ Questions for Discussions: Summarize the changes that have taken place during the past four years. What change can be considered “for… Read more »
Why It May Be Too Late for QE3
Description: Paul Vigna and Spencer Jakab discuss why another round of bond buying may be wishful thinking, and Miriam Gottfried looks at what a hologram of Tupac means for investors. Photo: Reuters. Source: Moneywatch.com – video report Date: Sep 13, 2012 Link: http://on.wsj.com/ROw9CJ Questions for Discussions: Summarize the analysis presented in this report. Do you… Read more »
Apple’s iPhone 5 Is Worth More Than The Efforts Of The Federal Reserve
Description: “In the face of “a suboptimal recovery†the Fed said it would persist until the outlook for the job market improves “substantiallyâ€, but a sceptical Mr Warsh said: “The iPhone 5 is going to do more for the real economy than QE3?. Source: Forbes.com Date: Sep 14, 2012 Link: http://www.forbes.com/sites/timworstall/2012/09/15/apples-iphone-5-is-worth-more-than-the-efforts-of-the-federal-reserve/ Questions for discussion: Summarize… Read more »
Ex-UBS Trader Is Accused of Gambling in a Big Loss
Description:Â Fictitious trading and brazen gambling by a single individual could have brought down the Swiss financial giant UBS, a British prosecutor said on Friday at the trial of a former bank employee accused of causing a multibillion-dollar trading loss. Source: NYTimes.com Date: Sep 14, 2012 Link:Â http://dealbook.nytimes.com/2012/09/14/as-his-fraud-trial-opens-ex-ubs-trader-is-accused-of-brazen-gambling/?ref=business Questions for Discussions: Summarize the highlights of… Read more »
Are the Big Banks Keeping Their Commitment to Small Businesses?
Description:  Last September in Cleveland, 13 of the nation’s largest banks stood beside Vice President Joseph R. Biden Jr. and Karen Mills, chief of the Small Business Administration, and announced a commitment to increase small-business lending by $20 billion over the following three years. Source: NYTimes.com Date: Sep 06, 2012 Link: http://boss.blogs.nytimes.com/2012/09/06/are-the-big-banks-keeping-their-commitment-to-small-businesses/?ref=smallbusiness Questions for Discussions: … Read more »
Is the Housing Sector Finally On a Recovery Path?
Description: WSJ’s Nick Timiraos stops by Mean Street to discuss Fannie Mae’s second-quarter profit, another indication of an improving U.S. housing recovery. (Photo: AP) Source: CNNMoney.com – video report Date: Aug 08, 2012 Link: http://live.wsj.com/video/is-the-housing-sector-finally-on-a-recovery-path/01AC489A-3945-4D1D-A66C-9A9E6443E48E.html Questions for Discussions: Summarize commentary in this report about the housing and mortgage markets. Do the current trends suggest the… Read more »
Happy Fifth Birthday, Financial Crisis
Description: WSJ’s Matt Phillips stops by Mean Street to mark five years since the global credit crunch which sent the global economy into a tailspin. (Photo: Reuters) Source: Marketwatch.com – video report Date: Aug 09, 2012 Link: http://live.wsj.com/video/happy-fifth-birthday-financial-crisis/2F60CB68-CE72-4D21-B7AF-099008A6D84C.html Questions for Discussions: Summarize the history of the financial crisis as reported. What do you think was… Read more »
How U.S. discourages foreign investors
Description: Panasonic North America CEO says that foreign companies need political consistency and tax incentives to invest in the U.S. Source: CNNMoney.com – video report Date: Aug 02, 2012 Link: http://money.cnn.com/video/news/2012/08/02/n-panasonic-manufacturing-jobs.cnnmoney/ Questions for Discussions: Summarize commentary in this report about direct foreign investment. Do you agree with the assessment? How is globalization a factor? What… Read more »
