Posted: 21 Jun 2011 03:31 PM PDT
Reuters - Stocks posted gains for the fourth day on Tuesday on growing hopes that Greece will avoid a debt default, adding momentum to the market's recent rebound.Posted: 21 Jun 2011 04:56 PM PDT
Reuters - JPMorgan Chase & Co agreed to pay $153.6 million to settle U.S. Securities and Exchange Commission charges that it defrauded investors who bought mortgage securities sold just before the nation's housing market collapsed.
Posted: 21 Jun 2011 07:36 AM PDT
Reuters - The Federal Reserve on Tuesday began a two-day meeting against the backdrop of a weakening U.S. economy that will likely force policymakers to plan for the possibility that things may get worse.Posted: 21 Jun 2011 02:13 PM PDT
Reuters - Walgreen Co will stop filling prescriptions for people covered by drug benefits manager Express Scripts Inc at the end of 2011 after failing to agree on new contract terms, walking away from a deal worth more than $5 billion in annual sales.Posted: 21 Jun 2011 01:34 PM PDT
Reuters - U.S. financial firms have been cutting staff dramatically this year, with more layoffs expected to come from Wall Street, according to a report on Tuesday.
Posted: 20 Jun 2011 11:34 PM PDT
Reuters - The rash of accounting scandals that has hit U.S.-listed Chinese stocks has not curbed the appetite of private equity and venture capital firms looking for the next set of Chinese Internet stars in the mainland's "So-Lo-Mo" and luxury e-commerce sectors.
Posted: 21 Jun 2011 05:08 AM PDT
BusinessWeek - The risk of economic stagnation should dominate discussions this week among the voting members of the Federal Reserve Board at its two-day meeting. Without dramatic action, the U.S. confronts an uncertain future -- one that suggests "Americans on average would experience slower gains in living standards than did their parents and grandparents," according to consultancy McKinsey & Co.
Posted: 21 Jun 2011 07:43 PM PDT
Reuters - Qantas Airways expects its full-year earnings to come in close to market expectations but faces heavy losses on international routes and continues to grapple with rising fuel prices and flight disruptions, it said on Wednesday.Posted: 21 Jun 2011 07:44 PM PDT
AP - The Greek prime minister survived a crucial confidence vote early Wednesday, keeping alive a government dedicated to averting a debt default that could spark a financial maelstrom around the world.Posted: 21 Jun 2011 04:03 PM PDT
AP - The CEO of what had been one of the nation's largest privately held mortgage lenders was sentenced Tuesday to more than three years in prison for his role in a $3 billion scheme that officials called one of the biggest corporate frauds in U.S. history.
Posted: 21 Jun 2011 04:03 PM PDT
AP - The head of Mexico's central bank says that if he is selected to become the top official at the International Monetary Fund, he will work to increase representation for developing countries and increase the IMF's abilities to deal with financial crises.
Posted: 21 Jun 2011 04:25 PM PDT
Reuters - The former chief executive of one of the largest mortgage firms to collapse in the U.S. housing crash was sentenced to more than three years in prison on Monday for his role in a fraud scheme dubbed "Plan B" that federal prosecutors say cost investors $1.5 billion.
Posted: 21 Jun 2011 12:43 PM PDT
AP - Oil settled slightly higher on Tuesday ahead of a key vote in Greece on its financial crisis. Here's how energy contracts traded.
Posted: 21 Jun 2011 04:02 PM PDT
AP - Republicans blocked a Senate jobs bill on Tuesday that included a repeal of the ethanol tax credit. Yet ending that tax break remains a live option for budget cutters looking for ways to reduce massive federal deficits.
Posted: 21 Jun 2011 10:32 AM PDT
AP - General Motors Co. plans to close two U.S. pickup truck plants for two weeks in July at a time when pickup sales are starting to wane and trucks are stacking up on dealer lots.
Posted: 21 Jun 2011 05:08 AM PDT
BusinessWeek - A fresh roundup of interesting and practical research from top business schools has one thing in common: It is all about getting companies to run more smoothly. From determining how pay is doled out to chief executive officers in different geographical areas to recognizing the natural checks and balances of an office, the research is meant to help managers better understand how to operate in times of financial strain, as well as in more promising periods. Here's a rundown of some of the unique research coming out of business schools.
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