Money, Getting Money
Apple is getting closer to unveiling its digital newsstand — the iTunes of newspaper and magazine iPad subscriptions. The Wall Street Journal reported this morning that Apple could unveil its subscription marketplace in the coming months or, if a few kinks in the technology aren’t resolved, early next year.
Magazines and newspapers have Read More
Public Advocate Bill de Blasio has managed to secure a promise from JP Morgan Chase saying that the company will not spend any money to directly influence political campaigns. Politico broke the news this morning.
The pledge is part of a larger campaign to receive such public assurances from large companies in Read More
Goldman Sachs today named Jim O’Neill, the guy who came up with the emerging-market acronym BRIC, as chairman of the company’s asset management business.
BRIC, the term O’Neill coined in 2001, stands for Brazil, Russia, India and China, and refers to the world’s four dominant developing economies. He previously served as the head Read More
Snitches Get Riches, Money
An increase in payouts to informants from the Securities and Exchange Commission is yielding a higher number of people coming forward with tips about potential wrongdoing, The Wall Street Journal reports.
A tip with original information could net a snitch as much as 30 percent of the money the SEC collects from a Read More
Bernie Madoff’s victims want to get their money back faster. The New York Post reports that hundreds of Bernie Madoff’s investors are arguing in court that Irving Picard, the court-appointed bankruptcy trustee in the Madoff case, is raking in too much cash for his stewardship of the ill-gotten funds.
The bill for Picard’s Read More
Now that the demand for loans is basically tapped out — even as lending standards relax ever so slightly – banks seem to have found a new way to screw with their customers. A savings account at an American bank now offers little more than the tiniest sliver of interest. Banks are rewarding financial discipline — Read More
District Attorney Kathleen Rice reiterated her call last night for her opponents in the Attorney General race to turn over their income tax returns. In a press release this morning, Rice said:
What the financial reports released yesterday make clear is that there are two candidates in this race who could circumvent the need for Read More
Here’s Christine Quinn defending a 4.6 percent increase in the City Council’s operating budget.
Quinn said it’s mostly due to cost of living adjustments for city workers, part of an earlier deal the mayor had struck. She added that in the last three years, the City Council has reduced headcount by 30 people, Read More