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Trader's Blog

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Today's News

Obama meets with new acting IRS head

1 day ago

The White House says President Barack Obama has met with Daniel Werfel, the new acting commissioner of the Internal Revenue Service. The Treasury Department says Treasury Secretary Jacob Lew told Werfel to take steps immediately to ensure the IRS is acting in an unbiased way. Werfel was previously the controller of the Office of Management and Budget, a job akin to a chief financial officer. He's replacing Steven Miller, who was ousted Wednesday amid revelations that the IRS improperly singled out conservative groups for special scrutiny.

AP Top Extended Financial Headlines At 6:18 p.m. EDT

1 day ago

Analyst forecasts rosier budget outlook than Gov. Brown, giving Democrats opportunity to spend Facebook's timeline: A history of the social network's hits and misses Products of a falling yen: Lower-priced imports from Japan and a more affordable Tokyo

AP Top Financial News At 6:18 p.m. EDT

1 day ago

Analyst pegs revenue $3.2B higher than Gov. Brown A year after IPO, Facebook aims to be ad colossus Hits and misses in Facebook's history

Business Highlights

1 day ago

___ A year after IPO, Facebook aims to be ad colossus NEW YORK (AP) _ It was supposed to be our IPO, the people's public offering. Facebook, the brainchild of a young CEO who sauntered into Wall Street meetings in a hoodie, was going to be bigger than Amazon, bigger than McDonald's, bigger than Coca-Cola. And it was all made possible by our friendships, photos and family ties.

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