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Washingtown DC News

Ex-Goldman director Rajat Gupta set for insider trading trial

2012-05-20
Rajat Gupta was once a board member at Goldman Sachs and managing director of consulting giant McKinsey & Co. Now, he's the biggest target yet in the government's sprawling insider trading crackdown.

Stocks: Storm clouds continue to gather over Greece

2012-05-20
Facebook is finally public, but that won't solve Greece's problems.

Postal Service's next deadline: Aug. 1

2012-05-18
The next deadline facing Congress to save the U.S. Postal Service is Aug. 1. That's when the agency won't have enough money to make a $5.5 billion payment to a retirement fund mandated by law.

GM won't advertise in the 2013 Super Bowl

2012-05-18
General Motors will not advertise during this year's Super Bowl game, the automaker said Friday.

New York penthouse sells for a record $90 million

2012-05-18
An unnamed buyer paid more than $90 million for a Midtown Manhattan penthouse, the highest price ever paid for a New York apartment, according to the building's developer.

Anti-social: Zynga tumbles after Facebook IPO

2012-05-18
Social media stocks just aren't feeling the love, despite Facebook's highly-anticipated stock market debut.

Thrilled and bummed by Google's self-driving car

2012-05-18
My first ride in Google's self-driving car was, all at the same time, thrilling, fascinating and a little disappointing.

Enough on Facebook! Buy Google or Apple

2012-05-18
Facebook is finally trading. And even though the stock didn't explode out of the gate, the company is still worth more than $100 billion. It shouldn't be.

Facebook: Many mutual funds already have a stake

2012-05-18
Whether you do or don't like Facebook, you may already own a piece of the social media site: over the past year, nearly 70 mutual funds have snapped up pre-IPO shares on private markets.

Facebook trading sets record IPO volume

2012-05-18
Facebook's stock market debut finally came and went -- but for all the breathless hype, shares ended right near their offering price.

Stocks: Worst week of the year

2012-05-18
Stocks closed out an ugly week. Despite initial euphoria surrounding Facebook's public debut, the social network's shares barely popped above its offering price and failed to inspire investors to buy into the broader market.

Europe fears pressure world markets

2012-05-18
European and Asian markets closed lower on Friday amid anxiety about Spanish and Greek banks and worries of a further slowdown in China.

'I have an airplane hangar in my front yard'

2012-05-18
Like so many Americans across the nation, Julie Clark commutes to work. But she doesn't drive, walk or even take a bus or train. Instead, she flies a plane.

'What should we do with a $100,000 windfall?'

2012-05-18
We are retirement age and expect a windfall of $100,000. What should we do? -- Debbie, Jamestown, N.Y.

Stocks: Facebook IPO vs. Europe worries

2012-05-18
U.S. stocks were poised for a higher open Friday as investor excitement over the Facebook initial public offering countered continued worries about the European sovereign debt crisis.