Category: Business

And here I am not having played D&D in ages so I have no gold pieces or platinum pieces: Platinum surged 3 percent to hit a record high for the 12th successive day on Friday, with acute power problems in top producer South Africa encouraging investors and consumers to buy up the metal.

No panic in the streets yet: Citigroup has barred investors in one of its hedge funds from withdrawing their money, and a new leveraged fund lost 52 percent in its first three months, the Wall Street Journal reported Friday. The largest U.S. bank suspended redemptions in CSO Partners, a fund specializing in corporate debt, after […]

Wal-Mart has been found guilty by the Quebec labour board of closing its Jonquiere store last spring to avoid dealing with unionized workers – not because it was losing money as it claimed at the time. After hearing four of 79 illegal dismissal complaints filed by workers at the store, the board concluded that the […]

Eduardo Arias did something that would reverberate across six continents. He read the label on a 59-cent tube of toothpaste. On it were two words that had been overlooked by government inspectors and health authorities in dozens of countries: diethylene glycol, the same sweet-tasting, poisonous ingredient in antifreeze that had been mixed into cold syrup […]

Kruggy has a new blog: In fact, let me start this blog off with a chart that’s central to how I think about the big picture, the underlying story of what’s really going on in this country. The chart shows the share of the richest 10 percent of the American population in total income – […]

Randroids abound: [Atlas Shrugged] book attracted a coterie of fans, some of them top corporate executives, who dared not speak of its impact except in private. “I know from talking to a lot of Fortune 500 C.E.O.’s that ‘Atlas Shrugged’ has had a significant effect on their business decisions, even if they don’t agree with […]

From E-Finance Directory: Now is perhaps the best time in US history to be a renter. You are far better off paying high rents for the next few years than buying a home and watching your equity disappear while the market takes a freefall. The home prices that we are seeing today are artificial and […]

While you were out: Treasury Secretary Henry Paulson told Congress on Wednesday the government will hit the current debt ceiling on Oct. 1. The limit is $8.965 trillion. Unless Congress votes to raise it, the country would be unable to borrow more money to keep the government operating and to pay debt obligations coming due. […]