Former Tenn. Rep. Harold Ford Jr., who made $2 million last year as a vice-chairman at Merrill Lynch, will not run for U.S. Senate from New York, ending nearly two months of flirtation, speculation and not a little mud-slinging. In an op-ed to be published Tuesday in The New York Times, the former Tennessee Democratic congressman says he wants to avoid a "brutal" primary that might "help"...

Continue reading Wall Street Honcho Harold Ford Jr. Won't Run for Senate

Wall Street Honcho Harold Ford Jr. Won't Run for Senate originally appeared on DailyFinance on Mon, 01 Mar 2010 20:00:00.

Filed Under: People

For the last two months, we've been telling you that after a brutal recession, tech is back -- and leading the charge for a U.S. recovery. On Monday, further evidence of that trend emerged, as global microchip sales shot up 47.2% in January, compared to the previous year, according to the Semiconductor Industry Association.

Chip stocks surged 3.1 percent on the report, led by Sandisk (SNDK), which...

Continue reading Microchip Sales Soar 47% in January as Tech Gains Steam

Microchip Sales Soar 47% in January as Tech Gains Steam originally appeared on DailyFinance on Mon, 01 Mar 2010 19:15:00.

Filed Under: IBM, Intel, SanDisk

Even as many Americans have been holed up at home because of recent storms, gas prices have continued to rise. Expect them to continue to go up above $3 per gallon into spring and summer, as demand increases with warming temperatures and an improving global economy.

Continue reading Improved Economy, More Drivers Will Push Gas Above $3 per Gallon

Improved Economy, More Drivers Will Push Gas Above $3 per Gallon originally appeared on DailyFinance on Mon, 01 Mar 2010 19:00:00.

Filed Under: Economy

Some of Bernard Madoff's former clients got bad news on Monday after a judge decided many aren't eligible for compensation for their losses. The ruling, which seems likely to be appealed, endorsed a controversial method that would favor compensating individuals who received less money than they deposited into Madoff accounts.

Continue reading Judge Decides Some Madoff Victims Are Out of Luck

Judge Decides Some Madoff Victims Are Out of Luck originally appeared on DailyFinance on Mon, 01 Mar 2010 18:25:00.

Filed Under: Economy, People, Media

As Google complains that Microsoft is waging a global war against it with antitrust authorities, Rupert Murdoch views the search giant as a parasite of the content produced by his News Corp.

Continue reading Murdoch Officially Joins Microsoft in Trying to 'Screw Google'

Murdoch Officially Joins Microsoft in Trying to 'Screw Google' originally appeared on DailyFinance on Mon, 01 Mar 2010 18:11:00.

Filed Under: Company News, Technology, Media, Google , Microsoft

The latest episode of CBS's Undercover Boss featured Dave Rife of the White Castle fast food chain. The show shed light on some of the key aspects that separate White Castle from its competitors -- and a few of the problems that, sadly, don't.

Continue reading White Castle Exec Learns About Life from Behind the Grill

White Castle Exec Learns About Life from Behind the Grill originally appeared on DailyFinance on Mon, 01 Mar 2010 17:55:00.

Filed Under: People, Retail

Despite the political theatrics surrounding the Greek debt crisis, it looks like the eurozone is on its way to negotiating a solution. But a major monetary meltdown is still on the horizon: Great Britain faces a serious devaluation of the pound.

Continue reading As Euro Jitters Ease, British Pound Faces Crisis

As Euro Jitters Ease, British Pound Faces Crisis originally appeared on DailyFinance on Mon, 01 Mar 2010 17:01:00.

Filed Under: Economy, Currency

For decades, the nuclear power industry has had a hard time finding qualified workers. But now, as the industry receives unprecedented levels of government support, it's facing an all-out talent drought. According to data released in 2009 by the trade group Nuclear Energy Institute, "To maintain the current nuclear work force, the industry may need to hire as many as 25,000 more workers in the next five years."

Continue reading Nuclear Power Industry Faces Critical Labor Shortage

Nuclear Power Industry Faces Critical Labor Shortage originally appeared on DailyFinance on Mon, 01 Mar 2010 17:00:00.

Filed Under: Energy, Economy

The AIG-Prudential Plc deal was the big news on Monday, but pharmaceuticals have been busy as well. However, dealmaking wasn't the only factor moving the sector today. Several drug approvals, some studies and one "going-concern" warning also affected it.

Continue reading Pharma Today: Deals, Drug News, and a 'Going Concern' Warning

Pharma Today: Deals, Drug News, and a 'Going Concern' Warning originally appeared on DailyFinance on Mon, 01 Mar 2010 13:30:00.

Filed Under: Company News, Technology, Investing, Healthcare

Bush-era Supreme Court decisions have left the EPA hamstrung with regards to protecting Americans' rights to drink clean water. Today, more than one in three Americans ultimately get their drinking water from sources that may no longer be protected by the Clean Water Act.

Continue reading Legal Briefing: Want to Pollute? Just Dump in a Stream, Not a River

Legal Briefing: Want to Pollute? Just Dump in a Stream, Not a River originally appeared on DailyFinance on Mon, 01 Mar 2010 13:13:00.

Filed Under: Columns