Nasdaq alters IPO procedures after Facebook glitch

NEW YORK- Nasdaq OMX Group Inc said on Monday it is changing its initial public offering trading procedures following glitches in Facebook Inc

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Reid Moves to Force U.S. Senate Vote on Two Fed Nominees - Bloomberg

U.S. Senate Majority Leader Harry Reid moved to force a vote on two nominees to the Federal Reserve Board, setting the stage for a vote as early as this week.
Reid, who filed a procedural motion today, said the U.S. needs a

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Is Canada lagging behind in online education?

William Gibson, the American-Canadian science fiction writer who coined the term cyberspace, is well-known for having stated

Fed approves Chinese bank purchase of US bank

The Federal Reserve has for the first time given approval for a large Chinese bank to purchase a U.S. bank. It also gave approval to two other large Chinese banks to expand their operations in the United States.
The Fed board announced Wednesday it was approving the application of the Industrial and Commerce Bank of China […]

Gross Says U.S. Economy Suffering From

Bill Gross, manager of the world

Hollande Criticism Shows He Doesn

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Patriot Coal to idle Kentucky mine amid demand slump

Patriot Coal Corp. annnounced today that it will idle production at its Freedom underground mine in an effort to deal with falling coal demand from utility companies.
The mine, located near Henderson, Ky., produced 1.2 million tons of thermal coal in 2011.
“Thermal coal markets remain weak as a result of the mild winter, coupled with low […]

New-home construction takes a pause

After a strong start to the year, home builders have pared back, according to a report from the Census Bureau.
The number of new homes that began construction in March fell 5.8% to an annualized rate of 654,000 compared with February, the bureau said Tuesday. Housing starts were up year over year, however, by 10.3%. […]

The lure of guns and … zombies at NRA convention in St. Louis

ST. LOUIS • Hope you like guns. Otherwise, there’s nothing for you inside the exhibit hall at the NRA’s annual national convention. Guns in every direction. Acres of them. Big guns, like the sniper-esque Sig Sauer Sig50 tactical rifle with a 29-inch barrel. Or the Taurus revolver, “Raging Judge Magnum” etched along its comically oversize […]

Biggest Bond Traders See Worst Over for Treasuries - Bloomberg

The worst is over for the $10 trillion U.S. Treasury market following the biggest quarterly rout since 2010, say Wall Street