The Securities and Exchange Commission said that Bank of America Corp agreed to waive legal privileges linked to its purchase of Merrill Lynch, in a step that could force the bank to hand over details of how much it knew when it bought the investment bank and brokerage.
Convicted Ponzi schemer Bernie Madoff reportedly got into a prison fight last week -- and won -- after an argument over the stock market escalated into a shoving match with another inmate. And with Madoff emerging as the apparent winner, he may have earned some "cred" behind prison walls.
Following a Microsoft server glitch that wiped out data including contacts, e-mails and photos for T-Mobile Sidekick customers, the companies are offering a $100 gift card to those affected.
Shareholders in Google know all too well the heartbreak of high expectations. So when the world's dominant Internet search company reports earnings after Thursday's closing, DailyFinance says it better beat Wall Street estimates -- and beat by a lot. Why? Because Google is a momentum stock, where investors pay a fat premium for shares based on accelerating top-line growth, which is then supposed to flow to the bottom line.
Out of work or short on cash, more Americans are seeking to participate in clinical drug studies to help pay the bills. But a decision by Pfizer last week to end enrollment in a late-stage lung cancer trial following several deaths highlights the risks facing volunteers. Yes, you could earn some quick cash and the trials are certainly essential, but patients should do their research before before signing up.
Faster economic growth next year, particularly in the developing world, will drive oil demand higher than previously expected, the International Energy Agency said Friday.
