| Aug 28, 2013
| 12:47 PM
Nearly 40% of the nation’s best-paid CEOs over the past two decades were either fired, forced to take government bailouts or in charge of companies that paid huge amounts in fraud-related claims.
That’s the conclusion of a report Wednesday...
| Sep 22, 2013
The excited voices on CNBC radio riveted financial adviser John Bacci's attention as he drove to Chestertown five years ago for a routine client visit.
The stock market was in freefall that Sept. 29 after Congress rejected a $700 billion rescue of the...
| Sep 25, 2013
| 10:22 AM
One can scarcely blame an appropriately-outraged Rep. Elijah E. Cummings for calling on AIG's Robert Benmosche to step down after the CEO compared the public criticism of the generous bonuses given top finance industry executives to lynchings in the...
| May 4, 2013
Christopher Lee cut his teeth on public-private partnerships 26 years ago as a Lehman Brothers executive in charge of financing projects in Asia.
He put together a consortium of local investors to build a $1.8 billion, 12-mile toll road in Bangkok....
| Oct 9, 2013
| 5:05 PM
The latest out of the extreme conservative wing of the Republican party is that a failure of the U.S. government to take the steps necessary to pay all its bills on time would be no biggie. They say we could juggle things around and avoid missing any...
| Oct 16, 2013
| 5:59 PM
Add another potential casualty of Washington's gridlock: the holiday shopping season.
The congressional stalemate that brought about a partial government shutdown has rattled Americans already spooked by years of economic weakness. And the uncertainty...
| Nov 19, 2013
| 12:36 PM
NEW YORK -- JPMorgan Chase & Co.'s historic $13-billion settlement with the federal government will pay down a major chunk of the bank's ballooning legal tab.
The Justice Department on Tuesday announced the widely expected settlement of faulty...
| Nov 1, 2013
| 6:42 AM
SOUTHINGTON — Many middle-aged executives-turned-entrepreneurs start working for themselves because they were downsized, or thought they might be laid off soon.
By contrast, Carlos Lara, 57, bought a business with a brother so that so that his...
| Apr 28, 2014
| 6:21 PM
Speculation continues that ownership of Formula One might be on the verge of changing hands.
Canadian fashion tycoon Lawrence Stroll has been in talks about buying part of the international racing series, Britain's Sky News reported last week, and he'...
| Mar 25, 2014
| 12:30 PM
Peter Taylor, the UC system’s chief financial officer and executive vice president, said Tuesday that he is leaving the university to run a Los Angeles-based education foundation that will focus on helping low- income students succeed in K-12...
| Mar 27, 2014
| 11:40 AM
Matt Taibbi begins his sixth book, "The Divide: American Injustice in the Age of the Wealth Gap," with a simple formulation: "Poverty goes up; Crime goes down; Prison population doubles." It's a snapshot, a way to represent what Taibbi sees as the...