Bear Stearns CEO James Cayne fired back Thursday at criticism of his leadership and allegations of inappropriate behavior published in the Wall Street Journal.
The prospect of rating downgrades on complex debt instruments, along with massive writedowns at big banks, are raising fears that the credit crisis may deepen.
In a weak month for auto sales, Americans turned back to light truck models in October rather than the car models that had been gaining ground - a shift that helped to lift the sales of General Motors ahead of its leading Japanese rival Toyota.
Question: I have a question about how fees and expenses figure into the returns that are listed for all mutual funds. Are the returns you see after fees and expenses have been deducted? If that's the case, and I compare an index fund with low expenses to an actively managed fund that has higher fees but also a higher return, then I'd probably want to stay with the actively managed fund, right? - John Taylor
A closely-watched forecast of drug industry revenue growth released today projects that sales in 2008 will expand at their slowest pace in more than four decades. The reason: A combination of virtually empty Big Pharma product pipelines and increasing price competition from inexpensive generic drugs.
Exxon Mobil made $9.4 billion in the last three months, 10 percent less than last year and below what analysts expected as gasoline and diesel prices failed to keep pace with rising crude costs.
