Judge Approves Detroit Bond Refinance Deal

Posted On August 25, 2014

(Detroit, MI) -- A federal judge is allowing the City of Detroit to refinance billions of dollars in bonds issued by the Detroit Water Department. Detroit Emergency Manager Kevyn Orr says the move should expedite Detroit's bankruptcy process and free up much needed cash for the city. The water department agreed to buy back one-and-a-half-billion…

S&P 500 Tops 2,000 For The First Time

Posted On August 25, 2014

(New York, NY) -- The S&P 500 is soaring into record territory. The index rose above two-thousand for the first time today and continued to hover around that mark in morning trading. The Dow Jones Industrial Average, S&P 500 and Nasdaq were all up more than half-a-percent.

Nissan Bumps Up Xterra, Frontier Prices

Posted On August 25, 2014

(Undated) -- Nissan is bumping up the price of its most popular Frontier pickup truck model. While the stripped down base model price remains unchanged, the lower-level option most buyers go for will increase 150-dollars. The starting price for a 2015 Xterra SUV is also going up 270-dollars. The starting price for that car is…

PlayStation Targeted In Cyber Attack

Posted On August 25, 2014

(Undated) -- Sony's PlayStation network is up and running smoothly after cyber attackers shut them down over the weekend. A hacker group called Lizard Squad claimed responsibility for the distributed denial of service attack. The same group also Tweeted a bomb threat that forced a flight carrying the president of Sony Online to be diverted…

Consumer Confidence, Spending Headline Upcoming Economic Reports

Posted On August 23, 2014

(Undated) -- Consumer activity and attitude will fall under the economic microscope this week. On Tuesday, the consumer confidence index report for August will be released, with most economists predicting a drop in Americans' optimism. Friday will see the consumer spending report and the University of Michigan consumer sentiment index. Other key reports coming out…