'Your papers, please' must never be heard in America
Lehman Brothers Holdings Inc. was a global financial services firm which, until declaring bankruptcy in 2008, participated in business in investment banking, equity and fixed-income sales, research and trading, investment management, private equity, and private banking. It was a primary dealer in the U.S. Treasury securities market. Its primary subsidiaries included Lehman Brothers Inc., Neuberger Berman Inc., Aurora Loan Services, Inc., SIB Mortgage Corporation, Lehman Brothers Bank, FSB, Eagle Energy Partners, and the Crossroads Group. The firm's worldwide headquarters were in New York City, with regional headquarters in London and Tokyo, as well as offices located throughout the world. - Source: Wikipedia
The Standard & Poor's 500 crossed into record territory Thursday, beating a previous all-time high set in pre-financial-crisis days.
David Einhorn, the 44-year-old investor who attacked Apple Thursday, has a history of taking on companies and winning. But Apple is his biggest target yet.
Bank of America says it has agreed to pay $2.43 billion to settle a class-action lawsuit related to its acquisition of Merrill Lynch at the height of the financial crisis.
Judging by the stock market, you'd think the U.S. economy was back in party mode.
The Wall Street collapse in 2008 and the ensuing financial crisis has cost the nation an estimated $12.8 trillion, according to a study released Wednesday by Better Markets, a Washington advocacy group that lobbies for financial reform and tighter regulations on Wall Street.
The last time the stock market was this high, the Great Recession had just started, and stocks were pointed toward a headlong descent. But on Thursday, the Dow Jones industrial average hit its highest mark since December 2007, and the Standard & Poor's 500 index soared to its highest level since January 2008.
Several regulators have called recently for drastic changes in the money-market mutual-fund industry. Proposed "reforms" include abolishing the industry by getting rid of the stable $1 net asset value that is the essence of the product and requiring costly "capital buffers" that would tax investors far beyond any realistic estimates of risk.
Monday is the only day the stock market is more likely to fall than to rise.
The recession that ended three years ago this summer has been followed by the feeblest recovery since the Great Depression, according an extensive review of the country's economic ups and down over the past eight decades.
The recession that ended three years ago this summer has been followed by the feeblest economic recovery since the Great Depression.
The recession that ended three years ago this summer has been followed by the feeblest economic recovery since the Great Depression.
As U.S. stocks struggled for direction, world finance leaders struggled for a way out of Europe's mounting debt crisis.
Former New Jersey Democratic Gov. Jon Corzine could face a lawsuit from the trustee trying to recover $1.6 billion in customer money from the collapse of the brokerage firm MF Global.
No joke: Bill Maher owns a stake in the New York Mets.
No joke: Bill Maher owns a stake in the New York Mets.
