INVESTMENT

The Federal Reserve released a statement today after its June meeting, and ahead of Ben Bernanke's press conference Wednesday afternoon. The press conference will be only the second one in the Federal Reserve's history.

How big could the national debt get? Well, to paraphrase a line popularized by actor William Shatner, if Congressional lawmakers can not agree on a deficit reduction package, it’s going to get ‘really big’ -- grow to a total larger than the U.S. economy.

Federal Reserve Chairman Ben Bernanke has a formidable challenge this afternoon when he addresses the economic and investment community post the 2-day FOMC meeting

Hyundai Construction Headquarter will locate Norcross and bringing about 100 jobs in Georgia.

Best Buy to use cash hordes no longer needed to repurchase $5 billion in stock. The company increases its quarterly dividend 7%. Best Buy will reduce square footage in its big box stores over the next five years.

On Tuesday, Encana announced its $5.4-billion joint venture agreement with PetroChina to develop the Cutbank Ridge assets had failed during almost a year of talks.

The top after-market NASDAQ Stock Market gainers are: AeroVironment, Asia Entertainment & Resources, A-Power Energy Generation Systems, Globus Maritime, and Merge Healthcare. The top after-market NASDAQ Stock Market losers are: NuVasive, Adobe Systems, Atmel, Globe Specialty Metals, Altera, Research In Motion, and Apple.

More than 80 percent of venture capitalists believe the initial public offering market is at very weak levels, according to a new survey from Deloitte and the National Venture Capital Association.

U.S. regulators are poised to expand oversight of the roughly $2 trillion hedge fund industry, with the U.S. Securities and Exchange Commission expected on Wednesday to adopt rules requiring private fund advisers to register with the agency.

Bernie Madoff's boat is going for $4.3 million this week at the 17th annual Gaim Conference - one of the European hedge fund industry's most glamorous annual events, according to Financial Times.

The top after-market NASDAQ Stock Market gainers are: Vitacost.com, Gulf Resources, Vical, Clearwire, Copano Energy, and Apple. The top after-market NASDAQ Stock Market losers are: Achillion Pharmaceuticals, Prospect Capital, Leap Wireless International, Iridium Communications, Impax Laboratories, and Adobe Systems.

An $8.4 billion lawsuit brought last week against Blackstone LP by creditors of the bankrupt Extended Stay hotel chain ranks as one of the largest ever filed over a failed leveraged buyout.

This Monday the Steps of City Hall New York staged the protest of hundred of cab drivers opposing the bill proposed by Mayor Bloomberg in Albany. The bill aims at the allowing livery car drivers to pick up passengers in certain parts of New York City, which is currently only legal for yellow cabs.

The musical concert Rain: A Tribute to the Beatles on Broadway will play its last performance on September 4, ending its one-year-long show of an extended Beatles concert.

To protest against public-sector budget cuts, a 24 hour labor strike will occur on June 30 across Great Britain.

The Defense Advanced Research Projects Agency (DARPA) has released a request for Information (RFI) to solicit ideas and information to support its 100 Year Starship Study program.

NATO admitted on Sunday that it had accidentally bombed a residential neighborhood in Libya, killing at least 9 men, women and children.

Facebook's announcement of an Apple iPad 2 app launch stirred excitement among both sides along with signaling an end to some disagreements the two companies experienced in the past. That was the case until rumors of a secret Facebook project codenamed Spartan emerged with details on how the social network giant will utilize HTML 5 web platform standards onto mobile apps currently stationed on Apple's app store and Safari browsers.

Social networking site Facebook lost a significant number of its users in the US in May, raising fears over the site’s user base reaching saturation levels in the country.

US Department of Energy will offer a conditional guarantee as part of a $150 million loan to 1366 Technologies Inc for the development of a multicrystalline wafer manufacturing project.

American carmaker General Motors plans to invest $32 million in its Spring Hill plant and $33 million in Tonawanda Powertrain plant that will help together create or retain 163 jobs in the United States.