Finance Archives - News Channel Daily

Ten Interesting Facts about Dr. Janet Yellen

October 29, 2013 By Barbara Green

A few weeks ago President Barack Obama nominated Dr. Janet Yellen, the current Vice Chair of the Federal Reserve System, to replace Ben S. Bernanke as the chairman of the Federal Reserve. Dr. Yellen is scheduled to begin visiting senators next week in advance to her upcoming confirmation hearing in November, although Senator Rand Paul has already issued statements threatening to upset the hearings and block her from the position. If Dr. Yellen is confirmed as the next chairman she will be the … [Read more...]

Filed Under: Finance Tagged With: Ben Bernanke, Chairman of Federal Reserve, Council of Economic Advisors, Dr. Janet Yellen, George Akerlof, Paul, Pembroke, Senator Rand, Yale

Mattel Proves Strong in Rough Economy

October 18, 2013 By Marigold Day

Name recognition is important in any business and Mattel is possible seeing this advantage in a tough market. With a third quarter net income over 15% the toy company is also proving that moving forward with new products, and ideas are also paying off. Many adults associated the name Mattel with excitement, and the memories of seeing the company’s name on freshly unwrapped boxes under the Christmas tree. Many of the old favorites from the 1950’s are remarkably still available from the company … [Read more...]

Filed Under: Finance Tagged With: American Girls, Barbie, Bloomberg Businessweek, Mattel, Monster High

Barnes and Noble Stocks in Tailspin

August 22, 2013 By Calvin Lockbridge

As great a year it has been for many tech companies, others have been struggling for survival. Barnes & Noble has suffered from multiple aspects - the decline of brick and mortar book stores and competition in the eBook reader and tablet market. Though arch-rival Amazon has done well to sustain the pressure on Barnes & Noble, the company's history of missteps may ultimately lead to demise. Barnes & Noble's most recent quarterly earnings report shows their digital books and device … [Read more...]

Filed Under: Finance Tagged With: Barnes, finance, market, noble, nook, stock, tablet

Slow Job Growth Coupled with Mostly Low-paying Positions is Bad News for U.s. Economic Recovery

August 9, 2013 By Francis Albert

The July jobs report is out and the news is not good. The job market last month grew by just over 160,000 jobs, a low number compared with nearly 200,000 new jobs created a month earlier. Slow job growth coupled with the fact that nearly two-third of the jobs added were low paying or part time, economic recovery from the Great Recession that began in 2008 is not occurring as quickly as experts had hoped it would. Economists say the good news is that new jobs are being added, but the bad news … [Read more...]

Filed Under: Finance Tagged With: Department of Labor, economy, Job growth, jobs report

Bitcoin Matures as the Government Takes Notice

July 21, 2013 By Calvin Lockbridge

Once again Bitcoin is experiencing growth. Though this time it may be for good and without a bubble burst, like the one experienced late 2011. Many recent events indicate that this “virtual currency” is well on its way to becoming a legitimate currency, both to the delight and chagrin of members of the Bitcoin community. It's a decentralized virtual currency, created by CPU-intensive cryptographic calculations. Bitcoin uses peer-to-peer (P2P) technology to operate and has no central … [Read more...]

Filed Under: Finance Tagged With: bitcoin, community, currency, exchange, government, regulation, sec

Vatican Bank Suffers ‘clear Failings’ After Resignations, Arrest

July 14, 2013 By Calvin Lockbridge

Pope Francis certainly has his hands full, attempting to clean up the mess still being created by the financial scandal surrounding the Vatican Bank. The bank's director, Paolo Cipriani, and his deputy, Massimo Tulli, have recently stepped down, days after the arrest of Monsignor Scarano. Scarano and two other men have been accused of attempting to smuggle $26 million (20 million euros) from Switzerland to Italy. A preliminary inquiry by the Vatican bank has found “clear failings” at the … [Read more...]

Filed Under: Finance Tagged With: arrest, bank, money, resign, scandal, smuggle, Vatican

The Empire State Building to the Highest Bidder

July 1, 2013 By Marigold Day

No kidding the Empire State Building to the Highest Bidder. Generations have heard the stories of the gullible who believe they have purchased the iconic building on Fifth Avenue and West 34 Street in midtown Manhattan New York City. Like other well known landmarks like the Brooklyn Bridge the joke hinges on the humor of someone believing these sites would be for sale. Currently however investors are engaged in a dramatic bidding contest to purchase the 102-story skyscraper. Father and son … [Read more...]

Filed Under: Finance Tagged With: Empire State Building, Joseph Sitt, Manhattan, New York City, Thor Equities

Explore 2013 Real Estate Trends

June 24, 2013 By Hank Ngunus

New 2013 real estate trends present opportunities for home shoppers to weigh the options and make informed decisions Shopping for homes continues to challenge each anticipating home buyer and seller as real estate trends continue to fluctuate every day. Following a recent Profile of Home Buyers and Sellers by the NAR (National Association of Realtors), it is evident that market trends in real estate are changing fast. What may have been realized on various status reports previous months may … [Read more...]

Filed Under: Finance Tagged With: 2013, 2013 Real Estate Trends, home sales, homes, housing market, NAR, National Association of Realtors