Claiming victory, House Speaker John Boehner hailed the House vote Friday to derail ‘Obamacare’ but continue funding the government. Boehner called President Barack Obama’s health care law ‘a trainwreck,’ that is ‘hurting the American people.’ (Sept. 20)
Prior to their vote, members of the House of Representatives engaged in heated debate over Obamacare, the budget, and the threat of a government shutdown. (Sept. 20)
Reserve Bank of India Governor Raghuram Rajan surprised markets in his maiden policy review by raising interest rates to ward off rising inflation, while scaling back some of the emergency measures recently put in place to support the ailing rupee. Rajan, who took office early this month amid India’s worst economic crisis since 1991, increased the RBI’s policy repo rate by 25 basis points to 7.50 percent, defying most forecasts that he would leave the rate on hold to bolster a sluggish economy. India’s finance minister cites multiple factors for India’s problems
Wall Street paused as investors tried to figure out what to do next following the Federal Reserve’s decision to keep its economic stimulus in place. The Dow Jones industrial average and Standard & Poor’s 500 index pulled back from their record highs.
A Texas appeals court tossed the criminal conviction of former U.S. House Majority Leader Tom DeLay, saying there was insufficient evidence for a jury in 2010 to have found him guilty of illegally funneling money to Republican candidates.
General Electric Co’s decision to name rising star Lorenzo Simonelli to head its oil and gas equipment business signals just how important energy has become to the conglomerate as it retreats from finance and returns to its industrial roots.
A new Washington Post-ABC News poll shows Americans blame Republicans in Congress for not finding middle ground on the debt. But the Post’s polling analyst Scott Clement tells “In Play” it’s bad news for both sides of the aisle.
President Barack Obama is touting positive gains in the economy but also warning that a “locked up” Washington is delaying progress on other issues that could build on that growth. (Sept. 18)
According to a document filed with the SEC, New Enterprise Associates, a venture firm that was one of Groupon?s earliest investors, distributed 20 million shares of Groupon common stock to its general partners and its own investors.
Microsoft has announced a new $40 billion share repurchase authorization with no expiration date. With the move, Microsoft in effect granted itself $40 billion in latitude to buy its own shares whenever it wants to. The announcement came with a dividend increase of 22 percent to $0.28 per share.
