Financial News Story of the Day – JFK: Ousted by Intern in ‘Once Upon a Secret’

Mimi Alford’s new book, ‘Once Upon a Secret,’ describes an affair she had with President John F. Kennedy as a 19-year old intern for the White House. Alford is 68 now, and last saw JFK a week before he was assassinated.…

Financial News Story of the Day – Employment Numbers Surge by 2 Million Since Summer 2011

The unemployment picture just got a little better, thanks to 2 million new jobs added since summer of last year. The U.S. labor market also added 257,000 jobs in January of 2012, the most in 6 years. It’s great to be able to report some good news for once, but the financial storm in Europe continues to be a dark cloud hanging over the global economy.…

Financial News Story of the Day – House of Representatives Pushes Bill to Freeze Federal Wages Again

Federal workers may see another year of frozen wages thanks to a new bill that just passed in the Republican-controlled House of Representatives. This will mark the third year in a row that government employees have had salary freezes.…

Financial News Story of the Day – California Needs $3.3 Billion or Bust

California is broke, plain and simple. You know it gets really bad when your own state controller is calling out his own state, but that’s just what John Chiang did after considering the California’s dismal finances. According to him, the only way out is through creative finance initiatives.…

Update: Facebook filed to raise $5 billion in stock. (source: USAToday.com)

Financial News Story of the Day – Mark Zuckerberg and Facebook IPO Talk of the Town

Facebook’s IPO may happen this coming Wednesday, according to the Wall Street Journal. Mark Zuckerberg and company are planning to IPO at a valuation of up to $100 billion range.…

Apple Inc is once again the darling of Wall St. thanks to some staggering stats. Apple briefly surpassed Exxon Mobile in becoming the number 1 most valuable company on the strength of 37 million iPhone sales (boosted by the iPhone 4S) and a massive liquid cash stash of $98 billion. Not bad for a company that was supposed to fall flat after the loss of Steve Jobs.…

Financial News Story of the Day – Megaupload Shut Down and Employees Arrested

Megaupload, one of the largest file-sharing sites on the internet, was shut down by authorities on charges of over $500 million worth of copyright and intellectual property theft. Simply, it means Megaupload paid users to upload copyrighted content then claimed they weren’t responsible for what users uploaded.…

Financial News Story of the Day – Fed’s Quantitative Easing 3 Plan in Effect Soon

The Fed wants a third round of “quantitative easing,” which means that they’re planning to purchase mortgage-backed securities or buy up U.S. treasuries that no one wants. How much junk debt do they want to purchase? This time, it’ll cost tax payers an estimated $1 trillion.…

Financial News Story of the Day – Yahoo Co-Founder Jerry Yang Quits for Good

Yahoo co-founder and former CEO Jerry Yang announced that he would be leaving, holding as much as $750 million in company stock. Though no longer the CEO, Yang held the title Chief Yahoo and sat on its board. The internet portal’s stock rose by 5% on news of his departure.…

Financial News Story of the Day – £400 million Costa Concordia Sinks Due to Captain’s Errors

The Costa Concordia ran too close to dangerous waters off the island coast of Giglio. The ship’s captain, Francesco Schettino, also called “Captain Coward,” is now claiming he fell into a lifeboat while assisting other passengers aboard the liner.…