Treasury Secretary Hank Paulson's new safety net to prevent a flood of home foreclosures could actually drown many hard-working homeowners who never missed a mortgage payment, experts say. "This is not a silver bullet," Paulson said yesterday in a...
Merrill hires Merrill Lynch hired Nelson Chai to replace Jeff Edwards as CFO, effective Dec. 10. He had been finance chief of the NYSE under for mer CEO John Thain, who started yeterday as Merrill Lynch's CEO. M&M move Marsh & McLennan hired Daniel...
Just in case Hollywood didn't have enough to worry about with the writer's strike, here comes the latest horror to scare Tinseltown: Shrinking DVD sales. The DVD businesses, one of the movie industry's biggest sources of profits, is expected to...
A pair of Federal Reserve officials yesterday expressed a bit of doom and gloom about the economy and the housing-market crisis, which heighten The Street's hopes for another interest rate cut. Fed Bank of San Francisco President Janet Yellen said...
The top regulator of the nation's home loan banks and the embattled chief of Countrywide Financial both went on the offensive yesterday in support of government help for the sinking mortgage industry. Ronald Rosenfeld, chairman of the Federal...
Ben Silverman won't need his paycheck as co-chairman of NBC Entertainment after he sells his Reveille production studio to Elisabeth Murdoch's Shine Group. Two sources involved in the talks confirmed yesterday to The Post that a deal to sell...
Maybe the Dow was down yesterday for a good reason - the weather. Over the years, studies, including one from an acclaimed professor of finance at the University of California at Irvine, have found that stock prices tend to go down when the skies...
The city's costliest condo conversion just got costlier. The holdover tenants who had been facing eviction from Manhattan House, the five-building, 20-story complex where Grace Kelly once lived, have won the right to stay in their apartments. A...
In another sign that China's Internet surfers are hungry for more Western music, one of the country's popular social networking sites has struck a unique deal with a US Web player. Startup Web music company WoozyFly.com scored a coup over its...
NBC Universal would be interested in DreamWorks SKG if the live-action film studio became available, NBC Chief Executive Officer Jeff Zucker said. "If the opportunity were to arise, it's obviously something we would look at," Zucker said yesterday...
