Continue reading " Everything You Need to Know about the Facebook IPO (INFOGRAPHIC) "

Farmers in Montana are suing former New Jersey governor and MF Global CEO Jon Corzine, claiming that the failed company stole millions from their personal accounts to pay off its outrageous debts. They also claim that Corzine’s “single-minded obsession” with making MF Global a household name on Wall Street led to the firm’s demise. Actually, [...]

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There are gold coins, and then there are gold coins! A rare 1787 gold Brasher doubloon has been sold for a whopping $7.4 million, one of the highest prices on record for a gold coin. Blanchard & Co., the New Orleans-based coin company that brokered the deal, said the gold coin was purchased by a [...]

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Here’s a head-scratcher. Former MF Global CEO Jon Corzine apologized to customers, employees, and investors who have suffered due to the company’s collapse, but said he doesn’t know where all the missing money is. “Their plight weighs on my mind every day — every hour,” Corzine said in 21 pages of remarks prepared for the [...]

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Rep. Barney Frank (D-Mass.) will not seek reelection next year, according to The Huffington Post. Frank will discuss his decision to forgo running for another term at a 1 p.m. EST press conference in his home state. According to a close adviser, the new congressional district in which Frank would have run to represent was [...]

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Here’s a staggering figure. The amount of client money missing from collapsed trading firm MF Global may be over $1.2 billion, according to the trustee dismantling the firm’s brokerage unit. That’s more than double previous estimates. In other words, customers of MF Global have been essentially robbed of $1.2 billion…and almost everyone on Wall Street [...]

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As the Occupy Wall Street movement marks its two-month anniversary, the protests are getting ugly in New York as demonstrators hold a “Day of Action” in response to their eviction from Zuccotti Park earlier this week. There have been several clashes between police and protesters today and over 50 arrests so far. (UPDATE: Over 175 [...]

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Is it “game over” for the Occupy Wall Street movement? A judge in New York has just upheld the city’s “eviction” of the Occupy Wall Street protesters and the dismantling of their camp last night, ruling that the protesters’ first amendment rights don’t entitle them to camp out indefinitely in Zuccotti Park. This evening, Supreme [...]

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Things are really heating up in New York as the Occupy Wall Street movement continues to gain momentum.  Just hours after police officers cleared Zuccotti Park in a surprise sweep of the base camp, protesters were facing police standoff this morning over a court order that would allow them to return with their tents. A [...]

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“Big banks” saw a spike in traffic over the last month, which peaked over the weekend as Americans from coast-to-coast closed their accounts, withdrew their money, and went elsewhere as part of the Bank Transfer Day movement. With November 5 being touted as Bank Transfer Day, the final day in a month-long campaign to shift [...]

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Americans are fed up with greed, capitalism, and especially big banks. Consumers are finally getting the message and learning to speak with their wallets. As the Occupy movement gains momentum across the nation, another movement is quickly gaining traction…Bank Transfer Day, a Facebook movement urging people to move their money from large banks to local [...]

Continue reading " Bank Transfer Day: Over 75,000 Respond to November 5 Event "

Rage Against the Machine guitarist and political activist Tom Morello has been given an award for his performance at the Occupy Wall Street protests. Morello appeared last month at the movement’s base camp in Zuccotti Park. The movement itself speaks out against corporate greed and social inequality. “The Most Memorable #OWS Performance Award” is a new [...]

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