Families hoard cash five years after crisis
Five years after Lehman Brothers collapsed triggering a global crisis, families in the 10 largest economies pull hundreds of billions from stocks, cut borrowing, and move money into low‑yield savings and bonds. Experts warn confidence is permanently reset, with weak global growth and high youth unemployment. Indian factory owner exemplifies risk aversion.
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New York
U.S
Lehman Brothers
Associated Press
Ian Bright
ING
Amsterdam
United States
Europe
Twitter cofounder Evan Williams near billionaire status
San Francisco Twitter Inc faces an IPO that could push Evan Williams into the billionaire club. Williams holds about 12 percent of the company, with 56.9 million shares valued near $1.2 billion at an external appraisal of $20.62 per share. The planned offering aims to raise $1 billion and finish by Thanksgiving.
MENTIONED IN THIS ARTICLE
San Francisco
Twitter
Evan Williams
Williams
Dick Costolo
Twitter Inc
BlackBerry Hit With Shareholder Class Action Sale
A shareholder filed a class action in Toronto alleging BlackBerry misled investors about future prospects and the BlackBerry 10 line from Sept 27, 2012, to Sept 20, 2013. The suit says executives claimed progress on financial and operational commitments and that BlackBerry 10 previews were well received by developers.
MENTIONED IN THIS ARTICLE
Toronto
BlackBerry
Waterloo
Research In Motion Ltd
Marvin Pearlstein
OPC Factor drink touted to balance blood sugar and energy
A cardiologist endorses OPC Factor TM a natural antioxidant drink claimed to rapidly normalize glucose, boost energy and circulation with a 6 month guarantee. Testimonies from patients cite improved sleep mood and mental clarity while a NIH funded study is cited to support efficacy. Responders are urged to call 1888-761-3360 for a free 30 day supply and free shipping.
MENTIONED IN THIS ARTICLE
New York
Fred Vagnini
David Payne
Texas
FDA Approves sen for use in new treatment
The Food and Drug Administration approved the use of sen for a new treatment, signaling a milestone in the research and potential patient access. The decision follows clinical data and regulatory review, indicating safety and efficacy for the targeted condition.
MENTIONED IN THIS ARTICLE
Sen
The
Food and Drug Administration
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