When Twitter Met Facebook: The Acquisition Deal That Failed

From All Things Digital, Nov. 24, 2008: About three weeks ago, Facebook and Twitter ended several weeks of serious talks, in which Facebook was offering to acquire Twitter for $500 million of its stock. While rumors of Facebook’s interest were broug

Why ‘Powerful’ Rally Won’t Last: ‘A Lot of People Still Have to Deleverage’

Picking up where they left of Friday afternoon, major averages rallied sharply Monday morning on a combination of factors:Relief over the Citigroup rescue package (imperfect, but something’s better than nothing). …

Citigroup Rescue: Raw Deal for Taxpayers, But It Had to Be Done

Expectations for a government rescue of Citigroup were fulfilled in the wee hours Sunday night/Monday morning. In exchange for $27 billion in Citi preferred stock, the government will inject $20 billion of capital in the struggling firm and guarantee $30

Advice for Obama: Don’t Cut Govt. Spending, $100s of Billions of Stimulus Needed

Worried about the U.S. deficit? Think the government should reduce spending?Well, that’s exactly the “worst possible” approach to solving our economic dilemma, according to William Black, Associate Professor of Economics and L

Peter Schiff: ‘Opportunity of a Lifetime’ in Gold, Intl. Assets — Not U.S. Stocks

The stock market’s staged another wild ride Friday before ending sharply higher on news Timothy Geithner will be named Obama’s Treasury Secretary.As stocks “reflated” Friday, so too did gold, which appears to be reemerging from

All the Wrong Policies: Paulson Gets ‘F-Minus’ from Former Regulator

As bad a year as the stock market is having, Treasury Secretary Paulson is having an even worse one, according to William Black, Associate Professor of Economics and Law at the University of Missouri. …

Former Regulator: Clear Fraud in Financial Crisis — Why Isn’t Anyone in Jail?

In the aftermath of the corporate scandals earlier this decade, investor confidence was (partially) restored by a parade of “perp walks” of fallen chieftains like Ken Lay, Bernie Ebbers, and Dennis Kozlowski.But nearly two years into the burstin

Worst Year Ever for Stocks: ‘Irrational Exuberance’ of 1990s Being Unwound

Any way you slice it, the 2008 is shaping up to annus horribilis for the U.S. stock market. Heading into Friday’s session, in which an early rally effort quickly faded, the S&P was down 49% year-to-date and on track for its worst y