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Nearly half of all US homeowners with a mortgage still ‘underwater’ in Q1

Despite rising home prices early in the year, a significant portion of U.S. homeowners with a mortgage, about 44 percent, still owed more on their home than it was worth or didn’t have enough equity to move at the end of the...

And The Band Played On...

Submitted by Jim Quinn of The Burning Platform blog, A confluence of events last week has me reminiscing about the days gone by and apprehensive about the future. I’ve spent a substantial portion of my adulthood rushing to baseball fields, hockey rinks, gymnasiums, and school auditoriums after a long day at work. Show More Summary

Direct Payment via ACH is the Leading Consumer Bill Payment Method in US

According to a study of 1,000 billers released by NACHA, Direct Payment via ACH is the leading method consumers in the US currently use to pay their bills. The study found that the great majority of billers – more than three-quarters...Show More Summary

Noted for May 23, 2013

Ben McLannahan: BoJ holds amid signs of economy ‘picking up’ | Paul Krugman: The point, I think, is that you can simultaneously fault the Fed and economists in general for failing to see this crisis coming, and ridicule the hedge fund guys for giving advice right now that is both ludicrous and dangerous. Show More Summary

Apple's Appearance before the Senate Clarifies the Need for Comprehensive Tax Reform

In a hearing where Senator Carl Levin (D-MI) deemed Apple’s tax planning “the Holy Grail of tax avoidance,” Apple CEO Tim Cook’s appearance before the Senate Permanent Subcommittee on Investigations resulted in a show trial of sorts....Show More Summary

Affina Hotels Celebrates Small Business Week with Amex Gift

National Small Business Week is coming up June 17-21, and Affinia Hotels is showing support for small businesses with a $100 American Express gift card for guests who sign up...

False Tax Returns Filed by South Carolina Couple Equals Prison Time

A husband and wife from Greer, South Carolina, were sentenced for filing false tax returns. Julie Greene Tucker, 52, received 33 months in prison and her husband, James Dean Tucker, 54, received eight months of house arrest and five years of probation. Show More Summary

Adobe to Acquire Thumb Labs

Creative software specialist Adobe is giving a thumbs up to Thumb Labs, acquiring the small mobile app developer. Thumb Labs was founded just three years ago, and has quickly earned recognition for quality apps on mobile platforms. The...Show More Summary

2 Bits of Good News for Microsoft Stock Investors

With the announcement of the new Xbox, and Windows Phone taking the No. 3 smartphone OS spot away from BlackBerry, Microsoft investors have reason to smile.

Rand Paul Has the Right Idea, Congress Should Apologize to Apple; Holy Grail of Tax Avoidance; The "Golden Goose"; Hypocrite McCain

Rand Paul created quite a stir in Congress when he Tweeted 'The Senate should apologize to Apple'. @SenRandPaul: Instead of examining our broken tax system, the US Senate is about to harass Apple-one of the greatest business successShow More Summary

JPMorgan Chase & Co. (JPM) & Friends Join Dow Jones Industrial Average (.DJI) On Its Climb

The day the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI) has been waiting for is finally here. With Fed Reserve Chairman Ben Bernanke speaking before Congress this morning, investors are finally getting some news on the economy that can inform their trades — and so far, the news has been good. The index is up [...]

Tesla Motors Inc (TSLA) News: Elon Musk’s Tweet, Credit Reimbursement & Acquaintance

Editor’s Note: Related tickers: Tesla Motors Inc (NASDAQ:TSLA), Ford Motor Company (NYSE:F), JPMorgan Chase & Co. (NYSE:JPM), Goldman Sachs Group, Inc. (NYSE:GS), Morgan Stanley (NYSE:MS) Tesla’s loan payback would give Obama a green-energy...Show More Summary

Japanese Bond Market Halted At Open As Selling Purge Goes Airborne

Japanese government bonds (JGB) futures have been halted once again this evening as the market opens down over 1 point. 10Y yields smash 11.5bps higher to 1.00% and 5Y yields add 6bps to 47bps. These are quite simply unprecedented moves in what 'was' a safe asset class and impresses yet another VaR shock on the market (as we detailed here). Show More Summary

Forget Resumes: Silicon Valley Startup Upending Hiring of Elite Programmers

An algorithm deciding which programmer to interview? Permission to ignore resumes? It had to happen sooner or later. Applicant tracking systems (ATS) were the first major application of technology to recruitment decisions. Now there is a new kid on the...

Sneak Preview: AngelPad May 2013 Graduates

Venture Capital Dispatch gets a sneak preview of the latest graduates of San Francisco startup accelerator AngelPad.

And If You Can Gain Access to Vince Reinhart's Morgan Stanley Research Short Videos, They Are Very Good...

Welcome to the Club, Tea Party: A Brief History of IRS Scandals

Pete Marovich/BloombergFormer IRS Commissioner Douglas Shulman (middle), talks with others during a recess from his testimony before a Senate Finance Committee hearing. The IRS-Tea Party scandal continues to unspool, with former IRSShow More Summary

Why Momenta Offers A Unique Opportunity In The Pharmaceutical Industry

By Jon Crowley: Momenta (MNTA) is a pharmaceutical company that focuses on developing generic or biosimilar versions of extremely complex drugs. The biologic market brings in over $100 billion a year in revenue so even if Momenta can grab a tiny portion of that market with its generics its stock price should take off. Show More Summary

JPMorgan Chase & Co. (JPM) Shareholders: Here’s What You Should Know!

It’s official, JPMorgan Chase & Co. (NYSE:JPM) CEO and Chairman Jamie Dimon has held onto both of his roles at the bank. But in the wake of a highly contentious vote, there are surely still plenty of shareholders wondering whether he should have. To get a more concrete idea of how Dimon was being evaluated before [...]

CITI: Good News, We No Longer Think Greece Will Exit The Eurozone

Last summer, Citi's chief economist, Willem Buiter, introduced a bold call: he assigned a 90% probability that Greece would exit the euro on January 1, 2013. This assertion was made before European Central Bank President Mario Draghi...Show More Summary