Finance
What happens if Greece quits eurozone?
There is more and more speculation that Greece is about to leave the euro. Greece has been unable to form a government, and new elections...
Analyst Brian Wieser warns his clients against buying Facebook shares which were implausibly priced
Some less-than-enthused analysts are already warning their clients against buying Facebook’s shares one day after the social networking site rolled out its much-anticipated IPO. Brian...
Facebook shares jump within minutes on stock market debut
The NASDAQ exchange saw Facebook shares jumping more than 10% within minutes of making their stock market debut. Facebook shares rose to $42, having been...
European markets fall as concern continued over Greece and Spain
European stock markets had a shaky start on Friday as concern continued over Greece and Spain. Spain's main share index fell more than 2% before...
World markets fall amid Greece’s political uncertainty
World markets are down as Greece's continuing political uncertainty undermines confidence. Greece failed to form a coalition government through talks on Sunday and will continue...
JP Morgan Chase reveals a surprise trading loss of $2 BN on investments
JPMorgan Chase, the biggest US bank, has revealed a surprise trading loss of $2 billion on complex investments made by its traders. Overall, after accounting...
Euro fell against USD and GBP following French and Greek election results
Euro fell against the dollar and the pound on Monday following French and Greek election results, which cast doubt on European austerity plans. Pro-bailout parties in...
How Black-Scholes formula blew up the financial world
It has been longtime argued that one mathematical formula known as Black-Scholes, along with its descendants, helped to blow up the financial world. Black-Scholes was...
Standard & Poor’s cuts Spain’s credit rating to BBB+
Standard & Poor's has cut Spain's credit rating and warned of risks to come. S&P cut Spain two notches to BBB+, warning that the country...
Deutsche Bank reports fall in profits amid eurozone debt crisis
Deutsche Bank reports a sharp fall in profits, in part due to weaker performance in investment banking during the eurozone debt crisis. Net income for...
Record number of Americans renounced their US citizenship in 2011 to avoid paying taxes
In 2011, almost 1,800 people renounced their U.S. citizenship or handed in their Green Cards and many of them said it was because of...
Warren Buffett reveals he has been diagnosed with early stage prostate cancer
Warren Buffett has revealed in a letter to shareholders that he has been diagnosed with early stage prostate cancer. The billionaire investor said the cancer,...
Apple will become world’s first trillion-dollar company, Wall Street analysts predicted
Wall Street analysts have predicted that Apple will become the world's first trillion-dollar company when its shares top $1,000 each. Apple's shares were worth $633.38...
Allen Stanford convicted of $7 billion fraud in a Ponzi scheme
Cricket tycoon Allen Stanford has been found guilty by a court in Houston, Texas, of running a $7 billion Ponzi scheme. Allen Stanford, 61, was...
How much was Whitney Houston worth?
Though Whitney Houston sold more than 200 million albums - including The Bodyguard soundtrack which she earned $33million from - and singles during her...
House built from more than a billion Euros
Irish artist Frank Buckley decided to express his anger about the property boom and bust by building a house from more than a billion...
Kweku Adoboli, the UBS rogue trader, pleaded not guilty at Southwark Crown Court today
Kweku Adoboli, the trader who allegedly gambled away a record of $2.3 billion, has pleaded not guilty to two charges of false accounting and...
Indian teacher Parijat Saha’s shock at his $9.8 billion bank balance
Parijat Saha, a teacher from India, got the shock of his life when he checked his bank account online and found 490 billion rupees...
Greenhill banker Jeffrey Buckalew and his family died after a small plane crashed on Interstate 287
Greenhill & Co investment banker Jeffrey Buckalew, his wife and his children are believed to be among five people killed after a small aircraft...
Seattle: wealthy couple living in a $1.2M house claimed $2,000-a-month welfare benefits
David Silverstein, a wealthy chiropractor from Seattle, and his wife were living in a $1.2million waterfront home while claiming almost $2,000-a-month welfare benefits and...
Why women are better savers than men despite earning less
A British research suggests that women are thriftier than men and manage to build up larger savings pots despite earning less. The fairer sex typically...
Bank of America dropped the $5 monthly fee for its debit cards
Bank of America decided to drop the plans to charge a $5 monthly fee for its debit card use in response to complaints from...
$45 million Forsyth County Estate Le Rêve sold for $11.5 million after foreclosure
A $45 million Atlanta mansion - Forsyth County estate Le Rêve - was foreclosed and then sold at a massive 75% drop at only...
Frugal living: tips to change your spending habits.
Whether you're dealing with a lot of debts or just trying to save money, there are multiple circumstances that can force someone to change...
Tesla Model S: electric car first official drive
The electric car fans saw and rode a prototype of Tesla Model S at the Tesla Motors factory in Fremont, California, on October 1. The...
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