The U.S. Treasury is being sued by Perry Capital LLC over its handling of Fannie Mae and Freddie Mac.
North America
Fed's Reduced Bond Buying Threat Results in Fund Withdrawals
Fed's reduced bond buying threat resulted in fund withdrawals from several investors. After the Federal Reserve announced that it may slow down the pace of its asset purchases this year, several investors reacted by withdrawing their investments in mutual funds.
S&P Lowers SoftBank's Rating After Winning Sprint Deal
S&P lowered SoftBank's rating after winning the bid on Sprint. According to a statement by Standard & Poor, SoftBank ratings were lowered from BBB to the highest non-investment grade of BB+, with a stable outlook.
Oregon Introduces its “Pay It Forward” Student Loan Program
Oregon introduced its “Pay It Forward” student loan program, a hybrid between the old college loan model and Peter Thiel's investment approach.
U.S. jobs results favor the U.S. Dollar
US jobs results confirm Fed's expectations and strengthens the dollar. US Dollar is at its strongest in three years against major currencies following the jobs report released on Friday amid growing market expectations that the scaling back the Federal Reserve's stimulus program will come as early as September The U.
Latest News
Real estate investment firm experts Martin Bronstein and Raplh Howard form new company BHW Former founders of Houston based Situs, Martin Bronstein and Ralph Howard announced the formation of BHW, a commercial real estate investment firm.
Douglas J. Dayton, founding president of Target stores died at age 88 after his battle with cancer said wife, Wendy Dayton.
According to a person familiar with the matter, Steven Cohen would remain under investigation even after prosecutors missed a late July deadline for charges labeled as the largest insider trading in history.
Mobileye announced raised US$1.5 billion worth of funds from 5 investors. Mobileye announced that they were able to raise funds from five investors worth US$1.
John Malone, Chairman for Liberty Media was reported to be the most popular media billionaire attending the annual meeting for tech and media moguls.
Investors kept their money in US Treasuries after the steepest two month loss for securities. A total market value of US$317 billion was erased after the steepest two month loss for securities.
According to data shown by the US government, higher jobs were created last June that totaled to 195,000 from the previous forecasted of 165,000 job generation.
The interest rates of US are expected to increase within 14 months that should have the world brace for prolonged dollar surge.
Former Provident executives were sentenced to jail after pleading guilty for investment fraud. According to United States attorney John M. Bales' statement today, four executives from Provident Royalties, Inc.
