ly of natural gas that can last America nearly 100 years. (Applause.) And my administration will take every possible action to safely develop this energy. Experts believe this will support more than 600,000 jobs by the end of the decade. And I’m requiring all companies that drill for gas on public lands to disclose the chemicals they use. (Applause.) Because America will develop this resourc…
211; $350 BILLION (BORN 1744) 3. JOHN D. ROCKEFELLER – $340 BILLION (BORN 1839) 4. ANDREW CARNEGIE – $310 BILLION (BORN 1835) 5. TSAR NICHOLAS II OF RUSSIA – $300 BILLION (BORN 1868) 6. MIR OSMAN ALI KHAN – $236 BILLION (BORN 1886) 7. WILLIAM THE CONQUEROR – $229.5 BILLION (BORN 1028) 8. MUAMMAR GADDAFI – $200 BILLION (BORN 1942) 9. HENRY FORD – $199 BILLI…
Bank of America Corporation announced today that it reached an agreement to sell 50,000 shares of Cumulative Perpetual Preferred Stock with a liquidation value of $100,000 per share to Berkshire Hathaway, Inc. in a private offering. The preferred stock has a dividend of 6 percent per annum, payable in equal quarterly installments, and is redeemable by the company at any time at a 5 percent premi…
ries were tied in fourth place with $31 billion. The majority of those on Forbes‘ list became richer in 2012. Two hundred and forty-one members of the group saw their wealth increase, while just 66 saw it shrink. Casino magnate Sheldon Adelson and financier George Soros dropped from the ranks of the top 10 into 12th place compared with a year ago. But the biggest drop was seen by Facebook fo…
ldn’t Follow Buffett Into purchasing Bank of America’s Stock Why would a big bank like Bank of America, which is can get money from the Fed at an interest of no more than 0.25%, pay 6% to get cash from Buffett? The first plus is that it strengthens the balance sheet, but the tangible common equity is $128 billion, so what will $5 billion do? The bank just had to settle for over…
Bank of America is being sued for $1 billion for an alleged mortgage fraud. The civil lawsuit has been brought by the US Attorney Preet Bharara, the top federal prosecutor in Manhattan, New York. Preet Bharara accuses Countrywide Financial, which Bank of America bought in 2008, of selling thousands of toxic home loans to Fannie Mae and Freddie Mac. Fannie Mae and Freddie Mac are government agenci…
rtgages and income from trading in the fixed income, currency and commodities markets were both lower. The weaker underlying performance sent the company’s shares lower on Wednesday, ending down 4.7%. The bank’s chief executive, Brian Moynihan, said he was pleased with its performance: “Our strategy of connecting our customers to all we can do for them is working.” Bank of…
…they come home. That’s why we do this. That’s what politics can be. That’s why elections matter. It’s not small, it’s big. It’s important. Democracy in a nation of 300 million can be noisy and messy and complicated. We have our own opinions. Each of us has deeply held beliefs. And when we go through tough times, when we make big decisions as a country, it neces…
…tinational corporations to shift profits offshore”. Some large firms in the US have come under fire for their reluctance to repatriate their foreign earnings as they could face a top tax rate of 35%. US corporation tax is one of the highest in the world at 35%. However, companies typically pay far less, thanks to numerous deductions and exemptions. In its report into Apple, committee chairma…
According an independent audit, Spain’s banks will need an injection of 59.3 billion euros ($76.3 billion) to survive a serious downturn. The amount is broadly in line with market expectations of 60 billion euros, and follows so-called stress tests of 14 Spanish lenders. Much of the money is expected to come from the eurozone rescue funds, the current EFSF and the future ESM. Spain said in…
…e their customers. After Bank of America announced their debit card fee, Navy Federal Credit Union, the nation’s largest credit union, reported their volume of new account openings was more than 20% above normal. Bank of America had planned to start charging customers next year. Banks began crafting the monthly charges to make up revenue lost to a law that slashes the fees they charge retail…
United Nations announced that the world’s population will reach 7 billion in the next few days. The 7 billion stage comes just 12 years since the total world population reached 6 billion and the official estimates show the figure will top 8 billion in 2025 and 10 billion before the end of the 21st century. United Nations also said that it is most likely the baby will be born in the Asia-Pac…
endence Day in the US. A much larger version is already kept in the Library of Congress in Washington DC. It was given to the United States as a gift by German Chancellor Angela Merkel in 2007 to mark 500 years since the naming of America. It is thought that Waldseemueller, a prominent 16th century map maker, used information from accounts of early transatlantic voyages to form a picture of Americ…
insured deposits in the largest bank, Bank of Cyprus, should raise a total of 10.6 billion euros. Cyprus is also set to sell off a large portion of its gold reserves, in a move that will raise another 400 million euros. “The sheer size of the increase has underlined the extent of the enormous challenges facing Cyprus itself,” said Jonathan Loynes of Capital Economics in an analyst note…
rowned the winner by a panel of seven judges during a live telecast on ABC. The event was the culmination of a week of preliminary competitions and months of preparations for the titleholders from all 50 states plus the District of Columbia, Puerto Rico and the U.S. Virgin Islands. As the new Miss America, Laura Kaeppeler will spend the next year touring the country to speak to different groups an…
e chat. Kris Humphries gave his first television interview on Good Morning America since his split from Kim Kardashian The NBA star repeatedly avoided questions about his divorce from Kim Kardashian, 31, only saying he was trying to “move forward” with his life when asked if he was still in love with her. “I’m not focused on that, right now I’m focused on basketball,” Kris Humphries s…
longer-term borrowing has remained high because of investor concerns, making it difficult for the nation to service its debts. Last month, Madrid announced additional spending cuts and tax rises worth 65 billion euros. Meanwhile, the so-called troika – the International Monetary Fund, the ECB and the European Commission – are in Lisbon to monitor the progress that Portugal is making on…
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…theby’s will belatedly stage its own Impressionist auction. The sale has been delayed for three days because of the damage caused to New York and its infrastructure by Hurricane Sandy. Among the 68 lots there is much interest in Pablo Picasso’s Still Life with Tulips, painted in 1932 in under three hours. This disguised portrait of his mistress, Marie Therese Walter, fetched $28.6 mill…
e. “Helping a billion people connect is amazing, humbling and by far the thing I am most proud of in my life.” Statistics released to coincide with the announcement revealed there were now 600 million users accessing the site via a mobile device – up 48 million from 552 million in June this year. Since its early beginnings at Harvard University, Facebook users have befriended eac…
….4 billion Despite those losses from its chief investment office, the bank reported three-month net profit of $4.96 billion, down 8.7% from the same period last year. JPMorgan’s shares opened up 3% in New York. Chief executive Jamie Dimon said he had closed the division of the bank responsible for the losses and moved the remainder of the trading position to its investment banking division….
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…s of America officials didn’t call authorities after Rick Turley admitted molesting three boys and welcomed him back as a leader even after he kidnapped a boy in a stolen plane. Rick Turley, now 58, said he is surprised at how many times he got away with it. An investigation has found that Rick Turley molested at least 15 children in Southern California and British Columbia over 20 years, mo…
d inject up to $50 billion into the economy over the next five years. ECLAC said that regional growth this year would be led by Panama – at 9.5% – and Haiti, which is expected to expand by 6% this year. Bolivia, Chile, Costa Rica, Nicaragua and Venezuela are expected to grow by about 5%. Mexico will expand by 4%. Paraguay will be the only country to shrink, by 2%, it predicted. ECLAC s…
that she could become the world’s first $100 billion person, the magazine says. It says the heiress to an iron-ore prospecting empire earns A$52 million a day, A$1 million every half hour or A$ 600 a second. Gina Rinehart, 58, is now worth A$29 billion ($28 billion), having increased her wealth by nearly A$20 billion in a year “The increase in her wealth is unparalleled. It is a prod…
Phil Robertson, Miss Kay and Uncle Si do commercials for Clayton HomesDuck Commander Phil Robertson and his wife Miss Kay, the stars of Duck Dynasty, sliced some sweet potato pie and filled their audience in about Clayton Homes. “What do I…
Recipe: Super slimming mushroom inspired mealMushroom-rich diet followed by Katy Perry, Kelly Osbourne and Roxanne Pallett can help women lose weight without shrinking their bust. The mushroom plan is being touted as…
Chelsea Clinton buys New York's longest apartment for $10 millionChelsea Clinton bought New York's longest apartment - stretching an entire block from 26th Street to 27th Street off Madison Avenue – for $10 million. The apartment is…
Hard Boiled Eggs: How to make perfect eggs for EasterHow to make perfect hard boiled eggs Cook time: 12 minutesIf you want hard boiled eggs that are easy to peel, make sure they are several days old. If this is Easter…
Pippa Middleton gets food column in Waitrose Kitchen magazineThere’s a world of difference between Delia Smith and Pippa Middleton when it comes to tips about food, but that hasn’t stopped Waitrose ditching the former and giving…
Valentine's Day Cupcakes RecipeValentine's Day Chocolate Cupcakes Ingredients:CupCakes *3 cups all purpose flour * 2 cups sugar * 2/3 cup Hershey's Cocoa * 2 teaspoons baking soda * 1 teaspoon…
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