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NY attorney general wields powerful weapon in Exxon climate case

NEW YORK (Reuters) - A near century-old statute that gives New York state prosecutors unusually broad authority to prosecute securities fraud could prove a powerful weapon as Attorney General Eric Schneiderman probes Exxon Mobil Corp over whether the oil firm mislead the public and shareholders…

Nov 8, 2015

NSA says how often, not when, it discloses software flaws

reuters.com

SAN FRANCISCO (Reuters) - The U.S. National Security Agency, seeking to rebut accusations that it hoards information about vulnerabilities in computer software, thereby leaving U.S. companies open to cyber attacks, said last week that it tells U.S. technology firms about the most serious flaws it…

Nov 8, 2015

Goldman sold 1.3 million Valeant shares backing loan to CEO, Valeant says

reuters.com

NEW YORK (Reuters) - Goldman Sachs sold 1.3 million shares of Valeant Pharmaceuticals International on Thursday, a day when the drug company's shares fell as much as 20 percent, because they were securing loans made to Valeant CEO Michael Pearson that needed to be paid.

Nov 8, 2015

Misshapen budget priorities take center stage in Illinois

reuters.com

CHICAGO (Reuters) - To see the fickle fiscal state of affairs in cash-strapped Illinois, you need look no further than how the musical acts Styx, Sammy Hagar and Hank Williams Jr got paid for performing at the state fair in August, but the woman who sculpted the event’s life-sized butter cow did…

Oct 25, 2015

Nash & Associates – Weekly Economic Update

rlnash.com

Robert Nash, Financial Advisor Presents: WEEKLY ECONOMIC UPDATE WEEKLY QUOTE “When you make a mistake, there are only three things you should ever do about it: admit it, learn from it, and don’t repeat it.” – Paul “Bear” Bryant WEEKLY TIP A distribution from your workplace retirement plan before age…

Oct 20, 2015

Fed policymakers downplay divisions on U.S. rate hike

reuters.com

WASHINGTON/NEW YORK (Reuters) - Federal Reserve policymakers are not as divided as it may appear and are generally operating under the same framework for determining when to raise interest rates, one Fed official said on Thursday, while another said the differences of opinion reflect the…

Oct 16, 2015

Federal Reserve policymakers downplay divisions on U.S. rate hike

reuters.com

WASHINGTON/NEW YORK (Reuters) - U.S. Federal Reserve policymakers are not as divided as it may appear and are generally operating under the same framework for determining when to raise interest rates, one Fed official said on Thursday, while another said the differences of opinion reflect the…

Oct 16, 2015