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Money Matters - Simplified


Curiosity Rover successfully completes first drill into Martian surface

In what can be called a historic moment and a great achievement for the Curiosity team since the rover arrived on Mars in August, it made the first successful drilling ever attempted on the Red Planet.

LulzSec hacks US Senate website

After a wave of successful, high-profile cyber attacks, the hacker group LulzSec Security has pulled off another exploitation of epic proportions.

The Fed Drops a Bomb on the Debit Card Market

Visa (NYSE: V) and MasterCard (NYSE: MA) plunged more than 10% last week, after the Federal Reserve proposed limiting debit-card interchange fees to between $0.07 and $0.12 per transaction -- more than 80% below what's currently charged.

U.S. Government to Sue BP

 Just when BP  (NYSE: BP) looked like its recovery from the Deepwater Horizon disaster was starting to strengthen, here comes news that the U.S. government is suing.


What Foreclosuregate Means for Investors

 This article is part of our Rising Star Portfolios series. You can read about the Dada Portfolio here.

With tales of mortgage securitization "improprieties" and foreclosure fraud on the rise, investors may be wondering which companies will be affected. Here are three areas the Dada Portfolio is watching.


Commercial rocket in successful launch

Cape Canaveral, Fla. -- Commercial U.S. spacecraft company SpaceX had a successful demonstration launch and recovery of its Falcon 9 rocket and Delta capsule Wednesday, NASA said.

The liftoff was at 10:43 EST from Launch Complex 40 at Cape Canaveral Air Force Station, and after a short orbital mission the capsule was recovered after a splashdown in the Pacific Ocean, NASA said.

The successful launch, safe reentry and recovery is the first demonstration flight for NASA's Commercial Orbital Transportation Services program, which will provide cargo flights to the International Space Station, the space agency said.

NASA Administrator Charles Bolden, a former astronaut, issued congratulations to SpaceX.

Taylor Swift crowned EW's youngest-ever Entertainer of the Year

Having enjoyed a busy and successful year, the young country star Taylor Swift has added yet another feather to her cap. She has been named the Entertainer of the Year by Entertainment Weekly (EW).

Court approves MGM reorganization plan

Los Angeles -- Metro-Goldwyn-Mayer says the U.S. Bankruptcy Court for the Southern District of New York has approved its plan of reorganization.

The decision clears the way for MGM and its subsidiaries to emerge from Chapter 11 in short order, the famed movie studio said Thursday.
In confirming the plan, Judge Stuart M. Bernstein found it satisfied the various requirements of the U.S. Bankruptcy Code.

Japan: Asteroid sample mission a success

Tokyo -- A Japanese spacecraft has successfully returned the first-ever samples gathered from the surface of an asteroid, the country's JAXA space agency said Tuesday.

Tiny dust grains were collected directly from the asteroid Itokawa in 2005 by Japan's Hayabusa spacecraft, which returned to Earth in June after a 1.25 billion-mile, seven-year voyage, SPACE.com reported.

A sample return capsule that landed in Australia was flown back to Japan for analysis.

"About 1,500 grains were identified as rocky particles, and most of them were judged to be of extraterrestrial origin, and definitely from Asteroid Itokawa," the Japan Aerospace Exploration Agency said in a statement.

Alcoa Revs Up Earnings Season

And they're off! In what has become a regular earnings-season feature, Alcoa (NYSE: AA), the Pittsburgh-based aluminum manufacturer, has become the first member of the Dow Jones Industrial Average to tell us about its quarter. And it appears that Alcoa has led off the parade of the bigger stocks with a commendable stride.