Republicans take the house of representatives, win a significant portion of governor's races, and come outrageously close to winning the senate as well. This marks major change in Washington and it will be interesting to see what happens over the next two years. Unfortunately for former Bonaventure graduate Carl Paladino, he did not win the governor's race in New York State. Check the link for complete election results.
The formerly debunked General Motors has announced its "new" IPO. The shares are expected to price between $26 and $29, and begin trading on November 18th. The company will announce quarter results on November 10th. It will certainly be a busy couple of weeks for GM.
The Federal Reserve announced today more details for QE2 (Quantitative Easing Round 2). The Fed plans to buy $75 Billion of treasuries per month, totaling $600 Billion. They also left benchmark interest rates at the 0% to 0.25% range.
Kevin and Shane
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