The first quarter of 2012 will go down as the most active for junk bond issuance since 1980, when Thomson Reuters began keeping track, with 130 companies floating $75 billion in debt offerings.
Bloomberg and Reuters are not only healthy: unlike most of the journalism industry, they're growing. That’s because the two publications have something no other player in the news business does: subscription-only financial data and services that pull in billions of dollars.
Deflation: If forecasts are correct, several factors could present a dangerous combination the Fed might not allow to brew for very long.
So far, Herman Cain, Rick Perry, and Newt Gingrich have all introduced flat tax plans, which would lead to less revenue and broader spending cuts, analysts say.
Kinder Morgan purchased rival pipeline operator El Paso Corp for $21 billion, creating what will be by far the country's largest pipeline distributor of natural gas.
Asian markets react to modest rise in US stock futures. But trading expected to be seasonally thin in Asian markets.
Retail sales are up 0.5 percent, their biggest gain in three months – but consumer sentiment is at a three-decade low.
The GDP grew at an annual rate of only 1.3 percent in the second quarter of 2011, announces the Commerce Department, which also revised first-quarter growth down to 0.4 percent.