| Jun 14, 2014
| 12:08 PM
Thirty-five years ago, when a New Jersey-based outfit called General Public Utilities was irresponsibly cutting corners to increase profits, an Allentown-based outfit known as PP&L was emerging as one of nation's best-run utility companies.
| Jun 16, 2014
| 8:35 AM
The Supreme Court rejected the appeal of former hedge-fund king Raj Rajaratnam to overturn his conviction and 11-year prison sentence for insider trading.
Rajartnam, the founder of once high-flying Galleon Group, was convicted on 14 counts of securities...
| Jun 16, 2014
| 11:52 AM
Hillary Clinton had a rough rollout for her new book and likely presidential quest; there were gaffes, awkward answers and a relatively slow response to criticism.
No other would-be presidential contender approaches her stature or public appeal. None,...
| Jun 18, 2014
Sharp surges in the world's oil prices usually end up dragging the economy down, so analysts are watching the crisis in Iraq for risks to U.S. consumers and the globe's fragile recovery.
Oil prices have climbed to a nine-month high amid the escalating...
| Jun 19, 2014
| 7:59 AM
Yeshiva University in New York fessed up years ago to having lost more than $100 million in Bernard Madoff's Ponzi scheme.
But it was hard to blame the leadership of the prestigious Jewish institution for that misstep, given how many other prominent...
| Jun 20, 2014
| 2:59 PM
Irish pharmaceutical company Shire Plc said Friday it had rejected a $46.3 billion takeover offer from North Chicago-based AbbVie Inc., thwarting, at least for now, the company’s attempt to tap into the London-listed company’s low tax rate....
| Jan 31, 2014
| 5:44 PM
NEW YORK — A New York state judge has approved nearly all of an $8.5-billion settlement between Bank of America and large investors who suffered losses in mortgage-backed bonds stemming from the housing meltdown.
The settlement centers around...
| Dec 26, 2013
| 5:39 PM
NEW YORK — A federal judge will soon decide how much Bank of America should pay for some of Countrywide Financial Corp.'s sins in the lead-up to the financial crisis.
Federal prosecutors want BofA to pay $864 million after the bank's stinging...
| Dec 31, 2013
| 7:21 PM
NEW YORK — Wall Street closed out an epic year with the stock market's best performance since 1995, fattening the retirement accounts for a generation of Americans crushed by the financial crisis just five years ago.
The 27% gain in the Dow...
| Jan 3, 2014
| 7:00 AM
WASHINGTON -- Fannie Mae and Freddie Mac collected $7.9 billion from large financial institutions to settle suits over bad mortgage-backed securities purchased by the seized housing finance giants during the subprime housing boom, their federal regulator...
| Jan 6, 2014
| 7:00 AM
NEW YORK — Veteran stock trader Alan Valdes remembers the excesses of Wall Street during the 1990s: fat paychecks, drugs after hours and lavish spending on flashy cars.
"The Wolf of Wall Street," Martin Scorsese's new portrayal of the notorious...