LONDON -- The British government announced Tuesday that it will break up parts of major financial institutions bailed out by taxpayers, highlighting a growing divide across the Atlantic over how to deal with the massive banks that were partially nationalized during the height of the financial cri...
Yesterday the Supreme Court heard arguments in a case on excessive compensation in the financial services industry. Commentators looking for a news hook are analogizing the case to the current debate about excessive pay on Wall Street and the legality of government measures to regulate compensati...
The Army's primary support contractor in Iraq has been warned by Pentagon auditors to cut its workforce there or face nearly $200 million in penalties for keeping thousands too many on the payroll.
Jeffery Morin's memorabilia business in Stafford probably isn't the next Google or eBay, but I love the 27-year-old's story because it's about a regular guy who saw an online opportunity and went for it.
Early next year, if all goes according to plan, doctors will be able to prescribe a new antipsychotic drug for patients with schizophrenia. When that happens, investors in a local pharmaceutical firm will surely breathe a sigh of relief.
NEW YORK -- CIT Group, a major lender to small and medium-size businesses, filed for bankruptcy protection Sunday afternoon, a process that almost certainly will wipe out the federal government's $2.3 billion investment in the company.
SEOUL -- North Korea's military, whose nuclear program vexes the Obama administration, has grabbed nearly complete command of the nation's state-run economy and staked out a lucrative new trade in mineral sales to China to make money for its supreme commander, Kim Jong Il.
After months of criticizing Democrats' health-care proposals without offering one of their own, House Republicans are preparing to unveil a reform bill this week to compete with the majority's ideas.
While House leaders are moving toward a vote on health-care legislation by the end of the week, enough Democrats are threatening to oppose the measure over the issue of abortion to create a question about its passage.
The Supreme Court said Monday that it will decide whether two people can do the work of five when it comes to resolving labor-management disputes in the workplace.
EARNINGS The commercial lender CapitalSource posted a wider third-quarter loss as it set aside more money to cover bad loans and saw a much bigger loss in its investments.
AUTOMOTIVE Taxpayers are unlikely to recover their full investment in General Motors or Chrysler, U.S. government investigators said Monday in the latest review to cast doubts that the government will recoup the $80 billion it poured into the two automakers.
It's fun writing about Wall Street's greedheads and tax dodgers. But every once in a while, I get to write about something positive -- and unpublicized -- that some Wall Street types have done. Today's reversal of the Street's natural order involves Davis Advisers.
