Five years ago, amidst a wave of foreclosures and recession, investors didn’t want any part of an Initial Public Offering (IPO). What a difference half a decade makes. The 33 IPOs in October make it the busiest month since November 2007. Generally, the IPO market is...
Now that a video has surfaced of Toronto Mayor Rob Ford smoking crack cocaine “probably a year ago” while in a “drunken stupor,” the leader of Canada’s largest city has decided to come clean about his drug use but insists he won’t step down from his job. Though...
SAC Capital Advisors, a hedge fund giant, will be $1.8 billion lighter in the pocketbook after being assessed the largest financial penalty ever levied for insider trading. Additionally, the company will plead guilty to criminal charges and stop investing money for...
(Derek Dowell – VNN) Hundreds of pieces of art, representing almost $1.4 billion, were found stashed in the apartment of the son of an art dealer who was among the few authorized by Hitler’s propaganda chief, Joseph Gobels, to sell confiscated works. Though...
As the number of cancelled health care insurance plans mounts (130,000 cancellations in Kentucky, 140,000 in Minnesota, and 400,000 in Georgia for starters), the suddenly uninsured are wondering how President Obama’s oft-repeated re-election campaign promise that “If...
Cuban entrepreneurs taking advantage of a legal gray area have been told they must immediately close privately run cinemas and game salons. Though Raul Castro has received some positive press for creating a list of 200 areas of authorized independent enterprises,...
A gunman walked into a Los Angeles International Airport terminal today and opened fire with an assault rifle. One person, a TSA agent, was killed, and two more injured in the incident. After a brief gun battle with responding police officers, the assailant was taken...
The largest oyster reef restoration ever is underway off the Texas coast, with material supplied by an unusual suspect: a Missouri quarry hundreds of miles from the nearest saltwater. Mark Dumesnil, an associate director for the Nature Conservancy in Texas, is...
Interior Minister Hans-Peter Friedrich, Germany’s top security official, is interested in speaking with NSA leaker, Edward Snowden, about alleged surveillance of German Chancellor Angela Merkel’s cell phone. The possibility that the U.S. has been listening in on...
A new day is dawning at NASA, one in which private companies like the Sierra Nevada Corp. vie for the right to carry to be chosen to shuttle astronauts to the International Space Station and back in the next four or five years. The Dream Chaser space plane was...
