Ipshita Dutta

22 Added | 1 Magazine | 1 Following | @ipshitadutta14 | Keep up with Ipshita Dutta on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Ipshita Dutta”

S&P amazingly says no one should believe its ratings are independent and objective

Today US rating agency Standard & Poor’s told a court of law that it figured every reasonable investor would know its promise to objectively rate securities was mere “puffery,” like a used-car salesman who tells you the last owner of your car was an old lady who only drove it on Sundays.<p>The US …

U.S. Federal Courts

Stocks post fourth straight day of gains

Stocks moved higher Tuesday as Wall Street extended prior-session gains to a fourth straight day.<p>The Standard & Poor's 500 index is now just 1% below its May 21 record high of 1,669.16 as it gained 11.86, or 0.7%, to close Tuesday at 1,652.32. The Dow Jones industrial average rose 75.65 points, or …

Hedge Fund Launches Plan B In Bid To Profit From Fannie And Freddie

In recent months big and powerful hedge funds have descended on Washington, lobbying for Congress to revive Fannie Mae and Freddie Mac, the government-sponsored enterprises that have been operating out of conservatorship since the financial crisis. These hedge funds had purchased preferred shares …

Barnes & Noble CEO Lynch Out After Nook Woes Deepen

Another dreary chapter for Barnes & Noble came to a close today with the resignation of chief executive William Lynch, the man brought on board to build the company’s tablet business.<p>At the same time that Barnes & Noble announced Lynch’s depature, founder and chairman Leonard Riggio said the …

Try It Now

Buffett Donates $2.6 Billion In Berkshire Hathaway Shares to Gates Foundation, Other Charities

Warren Buffett, one of the world’s most benevolent billionaires, just keeps on giving. This time he has donated approximately $2.6 billion to the Bill and Melinda Gates Foundation and four other charities.<p>In accordance with his annual charitable pledge, Berkshire Hathaway announced Monday that its …

Why Isn't T-Mobile's Cheaper iPhone Saving the Company?

This article is from the archive of our partner .<p>As of April this year T-Mobile offered the best deal on the iPhone for just $99 up front and no …

International Monetary Fund upgrades UK growth forecast to 0.9%

Britain is on course to grow at a faster pace than expected this year, the International Monetary Fund (IMF) said on Tuesday, despite signalling …

Shadow banking under scrutiny, from Canada to China

First the banks faced a crackdown. Now shadow banking's under the spotlight.<p>Coming out of the financial crisis, regulators and central bankers devoted their attention to reforming the world's banks, piecing together new rules that altered how these crucial institutions operate. The crackdown …

Try It Now

Try It Now

Internet Marketing

There's A Crazy Amount Of Gold Moving On The Shanghai Gold Exchange

I recently discussed how traders were stampeding out of gold as a result of rising interest rates and the threat of evaporating monetary fluid that was lubricating markets. Hovering around $1,200 at the beginning of July, the gold price has completely disconnected from the precious metal's …

Natural Gas

Gigaom | Barnes & Noble throws out its CEO, but that won’t save the company

Advertisement<p>Barnes & Noble (s BKS) announced late Monday afternoon that its CEO, William Lynch, is leaving after three years in the role. While …

Why The US Jobs Market Is Finally Heating Up

For years, the post-financial crisis economic recovery was a jobless one as Americans struggled to find work — and as we point out after every non-farm payrolls announcement, the U.S. is still not where it needs to be.<p>Today, Capital Economics' Paul Dales declares that era over. We have officially …

Economics

Libor interest rate to be controlled by NYSE Euronext

<b>The owner of the New York Stock Exchange is set to take control of a key scandal-hit bank interest rate.</b><p>NYSE Euronext has won the contract for setting the London Inter-bank Offered Rate (Libor), a government-backed committee announced.<p>Libor is used to set trillions of dollars of financial contracts.<p>…

Investing