A different look at what's hot
The Dow Jones Industrial Average dropped 0.4 percent to 51.24 points, as the S&P 500 also decreased by 0.6 percent on Monday, March 14, following the previous week's earthquake in Japan, according to Bloomberg.Ongoing worries about Northern Japan's nuclear plants, damaged by the earthquake, could also dampen stock prices.Japan's central bank increased its money market [...]
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Mark Zuckerberg, Dustin Moskovitz, Eduardo Saverin, Sean Parker, Yuri Milner and Peter Thiel are all on the Forbes' billionaires list in large part due to Facebook's current valuation of about $50-60 billion, according to New York Magazine.Some of these names may sound familiar after the Academy Award-winning movie, The Social Network, documented the inception of [...]
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New federal legislation may require mortgage lenders to retain a stake in housing loans, in an effort to prevent a repeat of the mortgage crisis, according to the Washington Post.In the years leading up to the housing crisis, mortgage lenders were free to sell subprime loans which were later sold by banks as mortgage-backed securities, [...]
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British Petroleum (BP) has partnered with Reliance Industries Limited for a 30 percent stake in 23 oil and gas blocks in India, according to the Wall Street Journal. The deal, contracted for $7.2 billion, is worth a potential $20 billion in future performance payments and total investment depending on "exploration success" in the emerging market."India [...]
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Online marketing site Groupon is gearing up to make an initial public offering (IPO), as sources close to the situation say that investors have been making proposals over the last week. Experts believe the company will go public later this year, a move which could value the company at almost 15 million, Bloomberg reports. The [...]
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The Internal Revenue Service (IRS) has announced that taxpayers claiming itemized deductions for 2010 may have to wait until mid-February to file their taxes due to a late start by Congress this year in issuing new tax codes and individual tax breaks."The majority of taxpayers will be able to fill out their tax returns and [...]
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After Goldman Sachs and an unnamed Russian investor put $500 million into the popular social networking website Facebook, the company is now believed to be valued at around $50 billion. The deal makes Facebook worth more than eBay, Yahoo and Time Warner, The New York Times reports.The decision by Goldman Sachs to invest in Facebook [...]
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In the wake of a struggling economy and high unemployment rates, (currently the percentage of jobless workers is hovering just below 10 percent), new data shows that more Americans than ever are using food stamps. The number has jumped 16 percent over last year, meaning around 43 million people are now living on food stamps, [...]
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The number of foreclosures dropped a record 21 percent in November of this year, and experts say that the encouraging statistics may be the result of the industry crack down on the controversial use of robo-signing, CNN Money reports.The figures are 14 percent lower than they were during the same period last year, and in [...]
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