Topic: Bloomberg LP
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Top 10 richest Americans
The 100 richest people in the world gained $241 billion in net worth last year, according to Bloomberg's Billionaires Index. Americans dominated the list, occupying five of the top 10 spots. This countdown of the top 10 wealthiest Americans features a casino mogul, software tycoons, and a lot of Wal-Mart money.
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10 must-read books about higher education in America
Check out these 10 books for a thorough grounding in where higher education stands in the US today.
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Facebook IPO: Six key dates in its debacle
Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
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Bill Clinton: 5 reasons he is helping Obama
Four years ago, former President Clinton got his knuckles rapped for calling Sen. Barack Obama's presidential aspirations a "fairy tale." Now the 42nd president is appearing on the stump with No. 44. Here are five reasons for Mr. Clinton to go all out for the newest member of the Presidents Club.
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Unemployment rate: How many Americans are really unemployed?
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Twitter-hacking Syrian Electronic Army: How much state support does it have?
The Twitter hacks by the Syrian Electronic Army – the most recent hit The Guardian – reflect a shift toward disseminating propaganda and attacking Syria’s perceived enemies in the media.
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AP tweet that rattled stock markets exposes media vulnerability
The news media are relying more on social media – both as a reporting tool and to disseminate their own content. But a hack of the AP Twitter account shows how things can go wrong.
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False tweet sinks stock market. Is anyone checking this stuff? (+video)
Stock markets tanked briefly (and then recovered) after the AP Twitter account was hacked and falsely announced a White House bombing. An array of new firms verify social media information to make sure clients aren't fooled.
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The New Economy IRS to close for five days: this week in the economy
The IRS will shut its doors to the public for five days in the coming months due to federal budget cuts. IRS closure dates and other news from around the economy this week.
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South American leaders likely to back Venezuela's Maduro in emergency meeting
Despite complaints from some Venezuelans that Sunday's election had irregularities, analysts say leaders in the region will likely support Mr. Maduro’s election in order to maintain stability.
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USA Update Dreamliner completes crucial test flight. How big a deal?
The FAA still needs to approve the results of the test flight and certify the battery system. Boeing's 787 Dreamliner has been grounded since mid-January because of smoldering batteries.
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Horizons Samsung to open mini-stores in Best Buys
Samsung has announced that it will be opening stores inside 1,400 Best Buys by this summer.
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Sequester and public opinion? Advantage Obama. (+video)
With just days until the 'sequester' and its automatic spending cuts kicks in, President Obama seems to have the advantage with high poll ratings and a message seen as more compelling.
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Stocks rise as S&P 500 extends streak
Stocks closed higher on Wall Street Friday with the Standard & Poor's 500 ending the week nearly two points higher. Investors have piled into stocks at the beginning of the year after lawmakers reached a last-minute deal to avoid the "fiscal cliff."
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Obama girds for State of the Union address. His Republican opponents do too.
President Obama will face a tough crowd of Republicans during his State of the Union address Tuesday night. They probably won't like what they hear about taxes and spending.
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N.Y. Times hacked: How large is China's campaign to control, intimidate?
The list of media outlets infiltrated by Chinese cyberspies doesn't end with The New York Times or Wall St. Journal, cybersecurity experts say. Anyone reporting on China is a potential target.
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Mugabe talks up reconciliation, but is it just 'lipstick on a frog'?
The Zimbabwean hardliner utters fine words and a new constitution is near at hand. But on the ground, repression is ongoing.
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Terrorism & Security Mali: French bring the troops, world now bringing the funds (+video)
International donors have pledged $455.53 million for an international campaign tackling Islamist militants in Mali.
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Terrorism & Security Trouble at the line: Another soldier killed in India-Pakistan sparring
A Pakistani soldier was shot dead yesterday along the disputed Line of Control in Kashmir, making the past 10 days the deadliest period of cross border fighting in nearly a decade.
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Terrorism & Security Mali rebel fighters better prepared than first thought: French officials
Initial French estimates of a brief conflict may be revised as militants are not breaking quickly, French airstrikes continue, and more French troops are on the way.
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Top 10 richest Americans
The 100 richest people in the world gained $241 billion in net worth last year, according to Bloomberg's Billionaires Index. Americans dominated the list, occupying five of the top 10 spots. This countdown of the top 10 wealthiest Americans features a casino mogul, software tycoons, and a lot of Wal-Mart money.
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China's new leaders to tighten Internet restrictions
This week, China's legislature considered a measure that would require Internet users to register their real names, just one of several efforts by the new communist leadership to tighten control over the Internet.
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GOP cracks in higher taxes for the wealthy?
House Speaker John Boehner has joined Senate Minority Leader Mitch McConnell in signaling that the Bush-era tax cuts for 'millionaires and billionaires' – President Obama’s favorite campaign target for additional federal revenues – should be allowed to expire at year’s end.
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Sandy Hook school shooting: Few easy answers for a violent culture (+video)
Adam Lanza, a troubled 'genius,' reportedly shot and killed 20 elementary school pupils and seven adults, including his mother, before killing himself in Newtown, Conn., on Friday. The national tragedy has sparked a search for ways to stop a senseless streak of mass killings.
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Are moves to add jobs to US factory floors a harbinger, or outliers?
Apple, Lenovo, LG Chem, and now Daimler AG have all recently said they plan to add manufacturing jobs in the US. President Obama hopes it's a sign of the times, but economists say it's, at best, a nascent trend.
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Will nonprofits feel the pinch under Republican fiscal plan?
House of Representatives Speaker John Boehner hopes to avoid the fiscal cliff by closing loopholes and deductions. President Obama suggested that only by completely eliminating charitable tax deductions could the Republicans increase revenues sufficiently without also increasing taxes on the wealthy as he would like to do.
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Governors urge action to avoid tumbling off 'fiscal cliff' (+video)
Six governors met Tuesday with President Obama, urging timely resolution of the tax and spending negotiations. If automatic cuts go into effect, states stand to lose 18 percent of federal grant money.
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China's challenge with corruption
China's leaders have been decrying corruption - and doing very little about it - for decades. But some corruption experts say there may be reason for a little more hope this time around.
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The Vote Sandy's political impact: Citing climate change, Bloomberg endorses Obama (+video)
Independent New York Mayor Michael Bloomberg has long listed global warming as one of his top concerns. He says hurricane Sandy brought the presidential election 'into sharp relief.'
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Mystery in Gulf of Mexico: Why is oil leaking from Deepwater disaster site?
Oil identified as coming from the Macondo well, site of the 2010 Deepwater Horizon disaster, is leaking into the Gulf of Mexico at the rate of 100 gallons per day. The Coast Guard is investigating.
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