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CPSC confirms LL investigation

The U.S. Consumer Product Safety Commission confirmed Wednesday that it is investigating products made by Lumber...



The Daily Docket: Salus Says It Had ‘Superior’ RadioShack Bid

Sale signs greet customers walking to the RadioShack at Valley View Plaza in Marion, Ind., on Friday, Feb. 20. The Chronicle-Tribune/Associated Press Salus Capital Partners says it has made a “materially superior” offer...



'Anti-Keynesian Delusions'

Paul Krugman continues the discussion on the use of the Keynesian model: Anti-Keynesian Delusions: I forgot to congratulate Mark Thoma on his tenth blogoversary, so let me do that now. ... Today Mark includes a link to one of his own columns, a...



Buffett's Heinz to merge with Kraft



March Madness: National Title Odds Entering the Sweet 16

Jamie Sabau/Getty Images The 2015 NCAA Tournament has lived up to the hype and produced multiple down-to-the-wire games in the first weekend. Following Sunday’s action, the Sweet Sixteen is now set. There are several familiar faces, and a few...



Miguel de Cervantes (2) vs. Albert Camus (1); Twain wins

Yesterday‘s winner is Mark Twain because, as Anonymous demonstrated in the comments, Twain on Eddy is more interesting than Eddy on Eddy. Today’s third-round match pits an eternal classic vs. the coolest of the cool. P.S. As always,...



Cisco Systems, Inc. (CSCO) Won Verizon Communications Inc. (VZ) Contract: Will It Help CSCO Stock?

Cisco Systems, Inc. (NASDAQ:CSCO) had a pretty ordinary year till now in 2015, with stock prices going up and down since the beginning of this year. But Cisco Systems, Inc. (NASDAQ:CSCO) has officially won a Verizon Communications Inc. (NYSE:VZ) contract...



Chemical Activity Barometer Rises VS The S&P 500 [Chart]

Chemical Activity Barometer Rises VS The S&P 500 [Chart] by Todd Sullivan, ValuePlays. “Davidson” submits: The Chemical Activity Barometer vs. S&P 500 (top chart) & Residential Construction Employment vs. Monthly...



Bitcoin’s lien problem

At cryptocurrency and fintech conferences, FT Alphaville often hears Bitcoin enthusiasts make the assertion that Bitcoin is superior to fiat currency because it eliminates debt from the monetary system. But this, of course, is a fallacy. Bitcoin may have...



Links for 03-25-15

Economics has an Africa problem? - Chris Blattman Liberals, Conservatives, and Jobs - Paul Krugman House Budget Committee Plan Cuts Pell Grants - CBPP Debunking the Myth of the Job-Stealing Immigrant - NYTimes.com A Rant Against the Use of the Word...



3G Capital In Talks To Acquire Kraft Foods [REPORT]

Brazilian firm 3G Capital’s quest to acquire a consumer products brand appears to be making a stop in Glenview, IL and the headquarters of Kraft Foods Group. Citing unnamed sources, the Wall Street Journal is reporting the 3G Capital deal likely...



De Blasio cracks down -- on juice...

De Blasio cracks down -- on juice...(First column, 1st story, link)Related stories:Orders children to not sit more than 30 minutes... ...



Hutchison to buy U.K. carrier O2 for up to US$15 billion

Hutchison Whampoa has agreed to acquire U.K. mobile operator O2 for a price that could top US$15 billion, giving a company that already owns one major carrier an even bigger share of the British market.The deal, which has been in the works at least...



SOROS: Greece is 'now a lose-lose game' with a 50% change of leaving the euro

Greece "now a lose-lose game and the best that can happen is actually muddling through," and there's a 50-50 chance that the country will exit the eurozone, according to multi-billionaire investor George Soros.  That's...



The Inflation Cycle May Have Turned

Oil dropped to $46 per barrel in late January and has more or less hung around there. Getty Images Central banks around the world have been alarmed at how inflation has plummeted in the last year, in many cases into negative territory. Though much...



Ocwen Financial (OCN) Facing Delisting Threat; Stock Down

Ocwen Financial disclosed late Monday that it had been threatened with a possible delisting by the New York Stock Exchange for non-compliance with continued listing standards. Reacting to the late Monday disclosure, Ocwen’s shares plunged 10% in...



RadioShack Auction Continues

The RadioShack auction moves into a second day Tuesday in New York, as the company and its creditors debate the value of the bid from big lender Standard General...



Pens 'Diary of a Surgery'...

Pens 'Diary of a Surgery'...(Third column, 7th story, link)Related stories:Angelina Jolie has ovaries removed over cancer concern... ...



Why is Twitter Partnering with Foursquare?

Monday, Twitter announced that its tagged location data would be powered by Foursquare, once the leader in check-in technology. As Facebook has greatly evolved its location data and other apps such as Yelp allow users to check in to receive deals and...



U.S. Students Allegedly Used Twitter Inc To Cheat Test

Things have certainly moved on from writing cheat notes on your hand or on tiny scraps of paper, with Twitter allegedly the method of choice for two students looking to cheat on their Common Core state standardized tests. A security firm hired by...



Expectations Are High From Facebook Inc (FB)’s Upcoming Developers Conference

Facebook Inc (NASDAQ:FB) remains the talk of the Street in the wake of the stock clocking an all-time high ahead of the upcoming developers conference. Piper Jaffray research analyst Gene Munster remains bullish on the stock affirming an...



U.S. Fed Reserve Official Warns of Risk of Market Disruption

LONDON–A top Federal Reserve official said Tuesday that interest-rate expectations in financial markets need to be better aligned with those of Fed officials, warning that reconciling those views could cause “potentially violent” market...



Warren Buffett: Berkshire's success has almost everything to do with being based in the US (BRKB, BRKA)

Berkshire Hathaway CEO and chairman Warren Buffett said on Monday that the US economy and investment climate were a tailwind for his companies' success, and he encouraged foreign investors to jump in, too. "I know that a very large part of...



Links for 03-24-15

Mortgaging the Future? - FRBSF The "Audit" the Fed Crowd - MacroMania Internet Media and the Fall of GigaOm - Brad DeLong Charlatans, Cranks, and Cooling - Paul Krugman Raise Fed Rates Now? - Gloomy European Economist A Simple Guide to...



Fitbit Wearers Can Now Use Multiple Devices

 Fitbit just rolled out a small but significant update that gives Fitbit users the ability to use multiple devices on the same account. A person could wear a Fitbit Flex to work and then a Fitbit Surge at the gym. You know, business during the...



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Target to lift minimum wage to $9 an hour: source

(Reuters) - Target Corp. will raise the minimum wage for all of its workers to $9 an hour, matching moves made by rivals such as Wal-Mart Stores Inc and TJX Cos , a source familiar with the matter said. ...



Buffett's Heinz to merge with Kraft

The deal is financed by a $10 billion investment from private equity firm 3G Capital and Warren Buffett's Berkshire...



Intel in Talks to Buy Chip Maker Altera

Intel is in advanced talks to buy Altera—a maker of programmable semiconductors used in phone networks and cars—in a deal that would be the computer chip-making giant’s largest takeover...



A Note on Dollar Strength



Citadel to Shut Down Dark Pool

Citadel Securities plans to shut down its Apogee “dark pool” in the U.S., as it focuses on its faster-growing off-exchange trading...



Fed's Janet Yellen Pitches Cautious Tack on Rate Increases

Federal Reserve Chairwoman Janet Yellen laid out a case for a “gradualist approach” to interest-rate increases in the years ahead, spelling out in greater detail than she has before the risks of moving too aggressively to tighten U.S....



Bloomberg: U.S. Economic Data Have Been the World's Most Disappointing

by Steve Matthews and Catarina Saraiva It's not only the just-released University of Michigan consumer confidence report and February retail sales on Thursday that surprised economists and investors with another dose of underwhelming news....



Feliz Día de San Patricio

What Catholic schools did for the Irish in the 19th century they can do for Latinos...



The Daily Docket: Salus Says It Had ‘Superior’ RadioShack Bid

Sale signs greet customers walking to the RadioShack at Valley View Plaza in Marion, Ind., on Friday, Feb. 20. The Chronicle-Tribune/Associated Press Salus Capital Partners says it has made a “materially superior” offer...



Eike Batista Is Fined by Brazilian Regulator Over Securities Violations

Mr. Batista was fined 1.4 million reais ($437,000), making it the first time he has been sanctioned for his activities in his collapsed business...



Federal Reserve survey provides information on mobile financial services



Apple Plans Web TV Service In Fall

The technology giant is in talks with programmers to offer a slimmed-down bundle of TV networks this fall, according to people familiar with the matter. The service would have about 25 channels, anchored by broadcasters such as ABC, CBS and Fox and would...



Mark Malik, Fake Hedge Fund Manager, Who Faked Death Using Fake Employee Is Convicted

The Wolf of Wall Street apparently lives and his name is Mark Malik. Malik had (somehow – we cannot figure it out after a quick glance of his tweets) convinced investors he was a top fund manager, gathering numerous awards from hedge fund...



F8: Facebook Unveils Messenger Platform, Businesses on Messenger

As previously speculated, Facebook announced at its F8 global developers conference in San Francisco Wednesday that its Messenger application has been opened up to third-party developers. The social network worked with more than 40 developers...



Fannie Mae, Freddie Mac Litigation Update

Fannie Mae, Freddie Mac Litigation Update by Todd Sullivan, ValuePlays. Peter Chapman notes: Judge Sweeney entered an order last night memorializing the parties’ agreement to complete jurisdictional discovery by June 29, 2015, and directing the...



CPSC confirms LL investigation

The U.S. Consumer Product Safety Commission confirmed Wednesday that it is investigating products made by Lumber...



Animal Shelter Infomercial Spoofs Show Incredible Household Uses For Cats And Dogs

image via youtube screen capture Pets: Is there anything they can’t do?  That’s the thrust of a new series of infomercial-spoofing ads,...



The secret weapon of journalists and Wall Street traders just raised $130 million

Dataminr, the big data analysis tool beloved by journalists and Wall Street traders, has raised $130 million from an array of high-profile investors at a rumoured $700 million valuation, the Wall Street Journal reports. Founded in 2009, Dataminr...



Why Was Tesla Motors Inc (TSLA) Downgraded By CLSA Analyst?



For US cos., is it wages vs. profits?

After years of profit gains amid wage stagnation, America may finally be getting a raise. And that could be bad news for...