After the recent resignation of Yahoo CEO Scott Thompson, the online giant looked inward to find an interim leader for the company, choosing an advertising veteran Ross Levinsohn. Levinsohn has a BA from the American University and is 48 years-old. Levinsohn said about his company: "There aren't many platforms like this in the world. I've… Continue Reading
Facebook is about to release its IPO, and many investors have undoubtedly taken an interest in the development. However, both Warren Buffett and Charlie Munger, Buffett’s business partner, have declared that they will not be investing in the tech company. “We never buy into an offering,” Buffett said. “The idea that something coming out…that’s being… Continue Reading
Meteorologically speaking, spring is usually a welcome relief from cold, dark winter. However on the economic front, at least this year, there is a fear that this spring will bring the US economy back to the dreary days of last year’s recession, which this winter showed signs of recovery. As Christine Lagarde, the managing director… Continue Reading
While announcing Huntington Bancshares’ first quarter revenue, its president and CEO revealed an optimistic outlook for the Midwest. “It’s increasingly clear in the Midwest states that there is a recovery. There’s a lot of strength in manufacturing. There’s a lot of export activity. Business owners, by and large, they are doing very well… The notion… Continue Reading
Two young economists, Emmanuel Saez and Thomas Piketty have done their research when it comes to the disparities between the poor, middle class and wealthy of the world. Perhaps unknown to the public at large, they have received top recognition from their peers in their field. According to this academic pair, the wealthy have been… Continue Reading
Amazon has long been debated by internet shoppers as well as other businesses. Its empire is seemingly indestructible though, and so very few, if any, have moved to make a change. Now, however, a small company has stepped forward. “Amazon is squeezing everyone out of business,” said Educational Development Corporation’s Randall White. “I don’t like… Continue Reading
President Obama surprised a lot of people by choosing anthropologist and physician Dr. Jim Young Kim as the US contender to head the World Bank. His views on how to best develop economies, the mission of the World Bank, are not well-known; he is not a development scholar or a banker, or even an unofficial… Continue Reading
Though the loose ends of the debt crisis and economic turmoil throughout Europe have yet to be tied up, some experts believe that the negative take on the situation is the leading cause of slow growth. “This month’s acceleration in confidence about U.K. economic prospects supports our view that concern about the euro-zone debt crisis… Continue Reading
Federal Reserve Chairman Ben Bernanke said on Monday that the Feds’ stimulation of the economy has indeed helped reduce the amount of unemployed in recent months, but warned that because of the size and duration of the problem there could result lasting damage to the US economy as a whole. “Recent improvements are encouraging,” he… Continue Reading
The debt crisis in Europe has yet to be truly resolved, and the euro has been bobbing up and down in value as the situation changes. This past week, it deterred investors due to an upcoming week of risks such as an additional finance minister summit. Jeremy Stretch of CIBC World Markets said: “If the… Continue Reading