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Bernanke Warns Congress of Student Debt, Inflation

Federal Reserve Chairman, Ben Bernanke was summoned to Capitol Hill this morning give Congress and update on the economy and any potential roadblocks in the way. Lately, whenever Bernanke speaks the market reverses course lower or continues lower and that […]

Bank Profits Take a Hit, Bonuses Barely Touched

Bank Profits Take a Hit, Bonuses Barely Touched

Last year, Wall Street’s bank profits were taking a serious beating, down 51%, while bonuses paid out to employees was only down 14%. Last year was not a favorable market for banks. Between new regulations, the European debt crisis and […]

Private Equity Regrets Buyout of TXU

Private Equity Regrets Buyout of TXU

Five years ago, three private equity firms paid $45 billion to acquire the Texas energy giant TXU, which was one of the largest leveraged buyouts in history. Unfortunately, the lucrative venture has not turned out as planned by the private […]

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Apple Inc. (AAPL) Now Worth $500 Billion

Today, Apple Inc.’s (NASDAQ:AAPL) market cap reached $500 billion which is a record high for the already most valuable company in the world. However, Apple is not the first to have crossed $500B. Exxon (XOM), Cisco (CSCO), Microsoft (MSFT) and […]

Wall Street Bonuses Drop as Bank Profits Tank

Wall Street Bonuses Drop as Bank Profits Tank

With Wall Street profits taking a hit again last year, one area that let its players feel a little less affected and breathe a sigh of relief was in bonuses. Things weren’t as bad as expected for the usual hefty […]