Victoria VanDyne

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China's central bank opens liquidity front in hot money war | Reuters

SHANGHAI (Reuters) - China’s central bank delivered two major surprises to investors this week: it engineered a sharp decline in the yuan against the dollar and at the same time relaxed its tight grip on money markets that had kept interest rates firm.<p>100 Yuan notes are seen in this illustration …

BP seeks to have Gulf Coast oil spill settlement payments suspended

BP on Monday renewed its request for a federal judge to temporarily suspend settlement payments to Gulf Coast residents and businesses affected by the 2010 Deepwater Horizon oil spill, citing a scathing report on alleged misconduct within the court-supervised program.<p>In a court filing, BP attorneys …

Olive Garden parent company's profit falls

The parent of Olive Garden and Red Lobster is replacing its president after reporting a sharp drop in profits over its summer quarter.<p>Darden Restaurants said it earned $70.2 million, or 53 cents per share, for the three months ended Aug. 25. That's compared with $110.8 million, or 85 cents per …

Poll: 39 Percent of American Adults See College as an 'Economic Burden'

But the majority of parents still expect their kids to go.<p>Average yearly tuition at a four-year college has risen to over $21,000, student loan debt is at an all-time high, and the unemployment rate for recent college graduates is 7.9 percent. Perhaps it’s no surprise that Americans are questioning …