| 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...
| Aug 14, 2013
Wall Street has named it the "Great Rotation."
The term presumes that individuals are going to become disillusioned with bond funds after cowering in them and shunning stocks since the 2008 financial crisis. And when that change of heart occurs, the...
| Jul 31, 2013
| 2:08 PM
If the money can be had, this is a great environmental victory: The Trust for Public Land announced Wednesday that it has reached an agreement to buy and protect a stunning 1,000-acre tract along the shore called The Preserve — the last...
| Mar 15, 2013
| 4:44 PM
The weekend highlights, by night: SUNDAY 1. “The Walking Dead,” at 9 p.m. on AMC, focuses on Andrea (Laurie Holden) to deliver a suspenseful episode that would do Alfred Hitchcock proud. There are at least three classic moments in this...
| Mar 8, 2013
| 3:58 PM
Ernst & Young LLP received the usual kid-glove treatment given to too-big-to-fail enterprises when it reached a settlement with the U.S. Justice Department over illegal tax shelters it sold more than a decade ago. The government chose not to prosecute the...
| Mar 11, 2013
| 12:04 PM
It appears the debate over work-life balance is heating up once again. First former Lehman Brothers CFO Erin Callan wrote this article entitled “Is There Life After Work?” for the New York Times, then 60 Minutes aired a segment in which...
| Mar 11, 2013
| 3:00 PM
Goldman Sachs Group Inc.'s announcement that it will now bestow coveted managing director titles upon its rising vice presidents every two years, instead of annually, may have shaken the foundation at its New York headquarters. For the rest of the world,...
| Mar 13, 2013
| 9:01 AM
Erin Callan was the face of Lehman Brothers in 2008 as it battled insolvency rumors. Fresh, pretty, smart and confidently articulate, she worked feverishly to try to talk nervous investors out of jumping ship.
But when the company imploded in 2008,...
| Mar 6, 2013
| 5:34 AM
Remember the world on Oct. 9, 2007? That was when the Dow Jones industrial average last set a record high.
It was a headier time back then: pre-financial crisis, pre-bailouts, pre-Great Recession. The stock market still felt like a party. The economy,...
| Mar 6, 2013
| 5:35 AM
NEW YORK (AP) — The stock market is back.
Five and a half years after the start of a frightening drop that erased $11 trillion from stock portfolios and made investors despair of ever getting their money back, the Dow Jones industrial average...
| Feb 19, 2013
| 8:47 AM
Is there suddenly a "new morality" on Wall Street? There is, if you believe Antony Jenkins, the chief executive officer of Barclays Plc.
It's tempting to trust this sweet-talking British banking executive, still in the flush of his new appointment to...