Several financial institutions have been telling investors that subprime  losses may not be as big as feared. Yet many wonder if it's all just wishful thinking. Financials Lead Stocks Lower  Banks Reel From Credit CrisisÂ
The Federal Reserve on Thursday pumped its biggest temporary daily infusion into the U.S. banking system since just after the September 11, 2001 attacks as short-term lending rates rose on both sides of the Atlantic.
Barclays, Britain's third-biggest bank, unveiled a 1.3 billion pound ($2.7 billion) writedown on its exposure to credit market problems on Thursday, less than was feared.
Wells Fargo believes the nation's housing slump is the worst since the Great Depression and is far from over, Chief Executive John Stumpf said Thursday.
Mining group Rio Tinto, which is fighting off an unsolicited bid from rival BHP Billiton, is considering making a counterbid for BHP in a so-called Pac-Man defense, the Wall Street Journal reported on its Web site on Thursday, citing unnamed sources.
Berkshire Hathaway's nearly 14 million shares of Carmax are worth substantially more at today's closing bell than they were 24 hours before. The big rally follows the revelation in an SEC filing by Warren Buffett's holding company that it held 13,981,800 shares of the nation's biggest used-car retailer as of September 30, the end of Berkshire's third quarter.
Wall Street whale watchers are reporting an important sighting. The '13-F' filings, which disclose stock holdings of investors such as Eddie Lampert and Warren Buffet, came into full view. How should you trade it?
Starbucks reported a profit of $158.5 million, or 21 cents a share, on sales of $2.44 billion, compared with earnings of $117.3, or 17 cents a share, on revenue of $2 billion in the same period last year.
It has pretty much been an all-Boras day here for me at CNBC. The latest issue I'm trying to get into is the Goldman Sachs part of this all. I've received a bunch of e-mails from readers asking me about this, so I'm going to try to tackle it. For those of you who didn't know, A-Rod's personal meeting with the Yankees was reportedly arranged with the help of two higher ups at Goldman Sachs.
A federal grand jury has indicted U.S. baseball home-run king Barry Bonds on charges of lying and obstructing justice in an investigation into allegations of steroid use.
Agilent Technologies reported fourth-quarter earnings of 53 cents per share on an adjusted basis, edging above results for the year-ago quarter and narrowly beating estimates. Net income rose 20.8 percent to $180 million.
UAL unit United Airlines and Delta Air Lines continue to deny that they are involved in merger talks -- and as their denials continue, so does the speculation that the opposite is true.
Kohl's, a mid-priced retailer of apparel and home goods, reported a 14 percent drop in third-quarter profit as sales fell short of analysts' estimates, and cut its earnings forecast for theholiday selling season and full year.
