Finance

Fannie Mae and Freddie Mac: mortgage giants delisted from NYSE

Posted by Jay     Tags: 20 July, 2010    290 views    Comments Off

Fannie Mae and Freddie Mac have been delisted from the New York Stock exchange as their shares fell too below the minimum requirement of the exchange. Freddie Mac’s common stock, now unlisted, will trade under the symbol “FMCC.” Investors will be able to trade Freddie Mac’s 20 classes of preferred stock. Fannie Mae’s common stock will trade under the symbol “FNMA.” Its preferred shares also will be listed. As is known NYSE rules require a company to Read Full Article (Click here)...

Categories : Economy Tags :

What Company Can Do – Your Boss Is Spying on You?

Posted by Jay     Tags: 24 May, 2010    650 views    (0) Comment

Think your privacy is protected at the office? Think again. In fact, if you’re reading this at work, there’s a very good chance that your boss is, too. While we no longer live in the days when Henry Ford could freely inspect his employees’ homes, technological advances have erased the idea of employee privacy at work. Employers monitor employees not only to rate employee performance but also to assess and prevent security risks, fraud, and sexual harassment. Modern workers Read Full Article (Click here)...

Categories : Corporate, Jobs Tags :

Senate’s Financial Reform Bill: Some Winners and Losers

Posted by Jay     Tags: 21 May, 2010    400 views    (0) Comment

The Senate on Thursday approved a bill that would overhaul the country’s financial system and usher in new rules for Wall Street. While last-minute changes are still possible, below are some of the likely winners and losers under the bill. The Senate bill would still need to be reconciled with a separate measure already passed by the House of Representatives and the final legislation may be dramatically different. Credit Rating Agencies — Lose * Credit rating agencies would be Read Full Article (Click here)...

Categories : Stocks Tags :

Where Auto Insurance Is Most Expensive within USA?

Posted by Jay     Tags: , 18 April, 2010    676 views    (0) Comment

Louisiana has the highest average auto insurance rates in the United States, while Maine has the lowest, according to new data from Insure.com that ranks the states according to their average insurance rates (see the full ranking below). The data, which Insure.com released Monday, comes from a study Quadrant Information Services performed for Insure.com to find the most and least expensive vehicle to insure nationwide, which we covered in a March Bucks post. The data, which determined average Read Full Article (Click here)...

Categories : Finance Tags : ,

World’s Richest Man, a Billionaire for Five Hours!

Posted by Jay     Tags: 1 April, 2010    962 views    (0) Comment

When Paul Fischer checked his bank account Friday night, he had a happy surprise. His balance had exploded to $88,888,888,888.88. A very lucky number indeed, and close to $89 billion. Of course, the balance was a technical error by SunTrust Bank (NYSE: STI – News), which quickly fixed the problem. It also may have occurred in other accounts. “You say, ‘Eighty-eight billion, what can I do with that?’” said Mr. Fischer, who owns a jewelry concessionaire for Read Full Article (Click here)...

Categories : Corporate Tags :
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