New York Fed President Bill Dudley, a leading dove on the Federal Open Market Committee, sounding a somewhat hawkish tone in an exclusive CNBC interview, suggesting he does not at the moment see a need for additional easing from the central bank. Stan Honda | AFP | Getty ImagesWilliam C. Dudley, President and CEO of the Federal Reserve Bank of New York“My view is that, if we continue to see improvement in the economy, in terms of using up the slack in available resources, then I think it's hard to argue that we absolutely must do something more in terms of the monetary policy front,” Dudley said. The NY Fed chief, who has a permanent vote on the rate-setting FOMC, acknowledged that his views have ... Continue reading →

New York Fed President Bill Dudley, a leading dove on the Federal Open Market Committee, sounding a somewhat hawkish tone in an exclusive CNBC interview, suggesting he does not at the moment see a need for additional easing from the central bank. Stan Honda | AFP | Getty ImagesWilliam C. Dudley, President and CEO of the Federal Reserve Bank of New York“My view is that, if we continue to see improvement in the economy, in terms of using up the slack in available resources, then I think it's hard to argue that we absolutely must do something more in terms of the monetary policy front,” Dudley said. The NY Fed chief, who has a permanent vote on the rate-setting FOMC, acknowledged that his views have ... Continue reading →

Current DateTime: 08:30:01 18 May 2012LinksList Documentid: 24355697 Continue reading →

F. Carter Smith | Bloomberg | Getty ImagesAubrey McClendon of Chesapeake Energy Corp. saw his stock dive 80 percent in value, taking with it some $2 billion of his personal net worth Mark Zuckerberg’s paper wealth has fallen by more than $3 billion over the past two-and-a-half trading days. It could fall further today, giving us a new term for the business lexicon: “Zucked.” (As in “My stock wealth is down 30 percent, I got Zucked!”) While Zuckerberg’s daily wealth gyrations may be new, the phenomena of sudden wealth loss is not. It is now part of the world of wealth, where a growing number of personal fortunes are made and lost in the volatile stock market. (See here for dot-coms that soared before going ... Continue reading →

Ever since LostRemote.com launched over a dozen years ago, it’s been a search engine favorite for people looking for remote controls (and for couple seasons, fans of the “Lost” TV show, too). So it goes without saying that we should report that Eugene Polley, the brilliant engineer who invented the wireless remote control, has passed away at 96. While working at Zenith, Polley created the “Flash-Matic” remote control, which was launched in 1955. It’s widely recognized as one of the biggest inventions in TV, sparking “channel surfing,” living room squabbles and deep-diving into sofas for that lost remote. Today, 57 years later, the remote control is undergoing its first major reinvention, migrating to second-screen touch devices and potentially disappearing altogether with voice and motion-controlled TV. ... Continue reading →

It's been a May to forget for a growing number of the financial world's best-known names, and there's still more than a week to go.JPMorgan Chase [JPM Loading... () ] chief Jamie Dimon had to apologize for an "egregious" trading loss of at least $2 billion by a "whale" in the bank's London office.Nasdaq OMX's [NDAQ Loading... () ] mishandling of the Facebook IPO had a "humbly embarrassed" CEO Bob Greifeld trying to explain what went wrong.Aubrey McClendon, CEO of Chesapeake Energy [CHK Loading... () ] faces calls for his removal from the job after revelations he had taken $1.1 billion in personal loans against his stakes in the company.Scott Thompson departed as Yahoo [YHOO Loading... () ] CEO after only a few months on ... Continue reading →