Streams

Jim Zarroli

Jim Zarroli appears in the following:

Drop In Unemployment Raises Debate On Optimal Rate

Friday, October 17, 2014

Now that unemployment has slipped below 6 percent, there's renewed interest in what the Federal Reserve's target for joblessness should be. Some economists worry that inflation will resurface.

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Turmoil Continues In Financial Markets As Dow Plunges

Wednesday, October 15, 2014

Stocks took a beating on Wednesday, with the Dow and the S&P 500 falling more than 2 percent before bouncing back slightly. Money flowed into safe haven investments such as U.S. Treasuries.

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Economics Nobel Awarded For Work On Regulating Big Businesses

Monday, October 13, 2014

French economist Jean Tirole studies oligopolies — markets that are controlled by a handful of powerful, interdependent companies.

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French Economist Wins Nobel For Market Power And Regulation Research

Monday, October 13, 2014

French economist Jean Tirole, 61, works at the Toulouse School of Economics in France. The economics prize completed the 2014 Nobel Prize announcements.

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Speculation Abounds Over Who Will Win Economics Nobel

Monday, October 13, 2014

The top contenders for the Nobel Prize in economics are said to be a pair of NYU professors who study entrepreneurship, and a Stanford researcher who did pioneering work into economic sociology.

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Stock Market Has Wild Week Of Ups And Downs

Thursday, October 09, 2014

The stock market has been on a tear this week in both directions. The Dow was down more than 270 points on Tuesday and up by a similar amount Wednesday. On Thursday, it was down by more than 300 points in mid-afternoon.

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Hong Kong Protests Could Make Beijing Choose Between Prosperity, Control

Friday, October 03, 2014

Hong Kong remains a vitally important gateway for trade and financial activity. For now, no other city can match its financial infrastructure but civil unrest could scare off Western investors.

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Six Years After Financial Crisis, Litigation Carries On With AIG Suit

Tuesday, September 30, 2014

Maurice "Hank" Greenberg, AIG's former CEO, is suing the U.S. government over the terms of the company's $85 billion bailout. He says it amounts to an unconstitutional seizure of private property.

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U.S. Judge Holds Argentina In Contempt After Debt Default

Tuesday, September 30, 2014

It has been nearly 2 months since Argentina defaulted on its debt. And now a judge in New York has held Argentina in contempt for proceeding with plans to pay some of its bondholders, but not others.

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New Treasury Rules May Slow, But Not Stop, Corporate Inversions

Wednesday, September 24, 2014

The Treasury Department is trying to prevent U.S. corporations from relocating abroad to cut their tax bills by eliminating some of the incentives. But some tax experts say there is only so much the government can do.

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Treasury Announces Steps To Reduce Corporate Tax Dodges

Tuesday, September 23, 2014

They're meant to discourage tax inversions by U.S. corporations. Inversions take place when a company merges with a foreign partner and re-incorporates overseas as a way to avoid U.S. taxes.

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With IPO, Alibaba Hopes To Compete In The West

Friday, September 19, 2014

Shares of Chinese Internet giant Alibaba started trading on the New York Stock Exchange on Friday. The company raised more than $20 billion with its initial public offering, shattering a U.S. record set by Visa in 2008.

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Holder Urges Bigger Rewards For Wall Street Whistleblowers

Thursday, September 18, 2014

U.S. Attorney General Eric Holder says the government needs to pay whistleblowers more money if it wants to prevent financial sector fraud.

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Cantor Brings Congressional Connections To Wall Street Job

Tuesday, September 09, 2014

When House Majority Leader Eric Cantor lost to a primary challenger in June, it was one of the biggest political upsets in years. But Cantor quickly found work with a New York investment bank, which said it was hiring him to provide "strategic guidance."

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Federal Regulators Impose Tough New Rules For Banks

Wednesday, September 03, 2014

Federal banking regulators vote Wednesday on new rules that will require banks to increase their holdings of highly liquid assets. The new rules stem directly from problems experienced during the financial crisis, when banks found they couldn't quickly convert assets into cash.

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JPMorgan's Been Hacked, But Answers — And Fraud — Are Hard To Find

Thursday, August 28, 2014

Hackers successfully infiltrated the computer systems of JPMorgan Chase and at least four other banks recently. The FBI is investigating what's being called a sophisticated cyberattack, but bank officials have not yet found any evidence of fraud.

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BK's Big Deal Could Bring The King To Canada, Controversy Close Behind

Tuesday, August 26, 2014

Burger King is buying Tim Hortons, the Canadian coffee-and-donut chain, in a deal valued at $11 billion.

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Burger King Announces Merger With Tim Hortons, Move To Canada

Tuesday, August 26, 2014

As part of the $11 billion deal, Burger King will transfer its headquarters to Ontario and cut its tax bill considerably.

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To Make A Move North, Burger King Eyes Buying A Canadian Icon

Monday, August 25, 2014

The fast-food restaurant operator Burger King has announced that it's in talks to buy Tim Horton's, a Canadian chain of restaurants. The acquisition would likely herald the move of Burger King's headquarters to Canada, in an attempted tax inversion.

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Argentina Crisis Puts Focus On Role Of Distressed-Debt Funds

Friday, August 22, 2014

Argentina calls them vulture funds, but those hedge funds have a legal right to demand payment. Still, is that moral when a nation is the debtor and its citizens will suffer as a result?

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