We must never be surprised when we learn once again that our lawmakers and law interpreters are in bed with the country’s largest corporations -- this is how the American government now operates.
In the race to build the most widely used and technologically redundant social network out there, Apple has considered investing hundreds of millions of dollars in Twitter. (Or not.)
JPMorgan Chase & Co. weathered the 2008 financial crisis without reporting a loss. But a failed hedging strategy that recently cost the company $2 billion has called into question the ability of its leaders to manage risk and intensified the debate on banking reform.
All that bad press about working conditions at Apple-affiliated factories apparently hasn't caused the computer giant any significant economic harm; in fact, the company, bolstered by booming sales of its shiny new iPad, is planning to spread the wealth among shareholders this summer.
U.S. and European markets played follow the leader Friday, as the three main stock indexes in both regions tumbled nearly 3 percent together. Among other events, analysts pointed fingers at the euro, uncertainty over President Obama's jobs speech and doubt over Greece's ability to address its financial problems.
Those of us who have stood aghast and watched as Goldman Sachs seemed to sail almost unscathed through the erupting economic catastrophe of the last two years (thank you, bailout!) might stop now for a moment of pure schadenfreude, as the megabank's profits took a precipitous dive in the second quarter of this year.