Grand Theft Auto V Making Shareholders, Creators Rich
Grand Theft Auto V (GTA V) sales are racing away like a carjacker. This latest iteration of the violent videogame, which retails for about $55, had sales of $800 million on Wednesday, its first day out, hijacking the previous record for first-day sales set by Grand Theft Auto IV ($310 million).
How Big Is Too Big? Comcast Buys Time Warner Cable
Morning Money Memo… How big is too big? That’s the question for regulators at the FCC and the Justice Department after Comcast announced it would spend more than $45 million to buy rival Time Warner Cable. The deal would have a direct impact on tens...
Leading Contenders for Fed Chief Emerge
Morning Money Memo… The Federal Reserve’s policy of encouraging low interest rates – both short-term and long-term – may last a while longer now that Larry Summers has announced his withdrawal as a potential contender for Ben Bernanke’s job. That’s the clear view of financial...
Dead Being Billed for Life Insurance
Life insurance for the dead? In a plot that might have been conceived by Fred MacMurray and George A. Romero , the nation's leading insurance companies continued billing customers for life insurance long after they were dead. The companies--including such household names as AIG, Hartford, John
Morningstar Lists Best 529 College-Savings Plans
Investment ratings firm Morningstar released its annual ranking of 529 college savings plan on Monday, noting industry-wide improvements in plan fees and performance. Almost every state offers a 529 savings plan, named after Section 529 of the Internal Revenue Code, describing how those who
CEO Pay Now 380 Times Average Worker's, Says AFL-CIO
Just when you thought executive compensation couldn't get much higher, the average CEO pay increased 14 percent to $12.9 million in 2011, 380 times that of the average worker, according to the AFL-CIO's annual Executive Paywatch report released on Thursday. The report, called CEO Pay and the 99% ,
Obama Jobs Council Stacked With Democratic Donors
The group of private-sector business leaders advising President Obama on how to create jobs and grow the economy is full of deep-pocket Democratic donors and high-profile financiers of Obama’s re-election campaign, a review of Federal Election Commission data shows. At least 10 members of the...
Readers seek advice on adjusting their portfolios
January is the month when we look ahead and make resolutions to improve ourselves. Fewer carbs! Lots more exercise! No more felonies! January is also the month when most people look at their portfolios and try to figure out what to do. So today, let's answer some questions. Q: Fortunately, I've
The Presidential Planner
After his regular rounds of morning briefings in the Oval Office today President Obama will convene a meeting of the President’s Economic Recovery Advisory Board (PERAB) in the State Dining Room.