United States

Sunday’s Business News

by Erik on December 13, 2009

in Weekly Roundup

Nakheel PJSC’s possible non-payment of its Islamic bond due tomorrow will trigger defaults on two other securities, bringing the total of affected securities to $5.25 billion, bond documents show. [Bloomberg] U.S. Commerce Secretary Touts Climate Change Policies – Commerce Secretary Gary Locke tells delegates at the United Nations Climate Change Conference in Copenhagen that nations must [...]

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Sunday's Business News

by Erik on December 13, 2009

in Weekly Roundup

Nakheel PJSC’s possible non-payment of its Islamic bond due tomorrow will trigger defaults on two other securities, bringing the total of affected securities to $5.25 billion, bond documents show. [Bloomberg] U.S. Commerce Secretary Touts Climate Change Policies – Commerce Secretary Gary Locke tells delegates at the United Nations Climate Change Conference in Copenhagen that nations must [...]

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photo credit: Ennor (computer problems) Thomas Friedman is an interesting man. For one, his book on globalization: The World Is Flat was mandatory reading at Lehigh in an intro course to Information Systems, and caused a great deal of debate on the topic during many a class session. But, his current op-ed in the New [...]

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For Modest Earners, Relief Repaying Student Loans – Repaying a student loan could soon be a little less painful. Starting this week, anyone with a federal student loan can apply for a program, run by the Department of Education, that caps monthly payments based on income, and forgives remaining balances after 25 years. Those choosing [...]

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A recent post to the New York Times Bits blog has a very news-worthy byline. “A new economic index paints a disheartening picture for technophiles — at least the ones inside corporate America” it reads. The article continues to paint a bleak picture for firms that are investing hundred’s of millions of dollars into technology [...]

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Wall Street opened modestly higher on Tuesday after investors took in a couple of better-than-expected economic reports. The Dow Jones industrial average was about 17 points higher in early trading, with the broader Standard & Poor’s and the technology heavy Nasdaq up only a few points. On Monday, the Standard & Poor’s 500-stock index fell [...]

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Dow turns positive for ’09 – Wall Street ends a mixed week little changed, but investors manage to push the blue-chip average into the plus column for the year. [Via CNN Money] Europe Lags as U.S. Economy Shows Signs of Recovery — There was more evidence Thursday that the United States economy might be stabilizing, [...]

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