Economy

Private equity buys Safeway for $9B

Grocery chain Safeway was bought by Cerebus Capital Management yesterday in a $9 billion deal, reports the New York Times.

By Staff |March 7, 2014

1 min read

More traders suspended in currency probe

Two more British traders have been suspended as the probe into exchange rate manipulation continues on both sides of the Atlantic.

By Staff |March 7, 2014

1 min read

Bitcoin’s mysterious founder unmasked?

Like many of the transactions conducted with Bitcoin, the person who invented the leading digital currency is anonymous.

By Staff |March 7, 2014

1 min read

Fed must stick with jobs mandate

At long last a woman has taken the helm of the world’s most powerful central bank. Too bad this historic appointment comes when monetary policy, the chief weapon central banks wield to regulate economies, has all but lost its effectiveness. While there’s never a bad time to take a whack at the glass ceiling, I fear Barack Obama’s appointment of Janet Yellen to succeed Ben Bernanke as Federal Reserve chair may prove inopportune.

By Philip Porado |March 7, 2014

3 min read