WASHINGTON — A month ago, Google lobbyist Katherine Oyama absorbed one of the more unusual congressional tongue-lashings in years when she appeared before a hearing of the House Judiciary Committee. Rep. Tom Marino (R-Pa.) joked that Oyama had walked into a “lion’s den.” After praising representatives of drug giant Pfizer and the Motion Picture Association [...]
NEW YORK — The announcement came in the middle of a General Assembly meeting early Friday morning at the Occupy Wall Street protest in Zuccotti Park, where thousands had gathered in anticipation of an attempt by the police to clear the site. “We have breaking news,” said the speaker. “We can stay.” High-fives, cheers. For [...]
From 24/7 Wall St.: It is not unusual for brands to disappear. It is unusual to see major brands resurrected. Scores of brands like New Coke, Circuit City, and Borders are likely to be gone forever. But a number of companies find that certain dying brands still have some attraction for consumers. This may be [...]
Education Management Corp. was already a swiftly growing player in the lucrative world of for-profit higher education, with annual revenues topping $1 billion, but it had its sights set on industry domination. So, five years ago, the Pittsburgh company’s executives agreed to sell its portfolio of more than 70 colleges to a trio of investment [...]
Federal regulators released on Tuesday a draft of the long-anticipated Volcker rule, a regulation that will limit large banks’ bets with their own money. Some experts, however, said the proposal doesn’t go far enough to curb the risk-taking practices that helped bring the financial system to the brink of collapse three years ago. The Volcker rule, [...]
If European politicians are unable to contain their sovereign debt problems, Wall Street could be on the brink of another financial crisis, according to economists. Although U.S. banks have limited their direct exposure to Greece, they have loaned hundreds of billions of dollars to European banks and governments that may not be able to pay them [...]
How big are the Occupy Wall Street protests on Facebook? The Huffington Post analyzed the state of activism on Facebook in response to the Occupy Wall Street protests. Over 450,000 Facebook users have joined Facebook pages related to the protests so far. These Facebook pages, found via DailyKos, show the extent to which Occupy Wall Street [...]
Late Wednesday night, just as groups of Occupy Wall Street protesters were launching efforts to invade Wall Street, a middle-aged black man stopped and stuck a sign in the wrought iron gate that surrounds a Lower Manhattan church, and then scurried away. The placard left by the man at St. Paul’s Chapel carried an unusual [...]
Occupy Wall Street began as a relatively marginalized group protesting in a Manhattan park. That has changed. (CLICK HERE FOR LIVE UPDATES) Since camping out in Zuccotti Park on September 17, the progressive group has garnered attention for its persistence and string of clashes with police. More than 700 protesters were arrested on Saturday as they [...]
WASHINGTON — Since announcing his run for the presidency, Texas Governor Rick Perry (R) has had to fend off allegations of crony capitalism. Such critiques have revealed the governor’s easy relationships with lobbyists, and his awarding campaign donors government contracts and influential positions on state boards. But Perry has also personally profited from these same [...]
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