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A little more than one year after the financial crisis brought the economy to a standstill -- threatening nearly every firm on Wall Street -- one thing is clear: the Street should be thanking its lucky stars.
The latest business news, quotes, and market information.
Nov 27 (Reuters) - The following were the top stories in The Wall Street Journal on Friday. Reuters has not verified these stories and does not vouch for their accuracy. * The dollar fell below 85 yen for the first time since July 1995, with Japan's finance minister hinting more strongly of taking action if the situation continued. * Persian Gulf bonds tumbled and the cost of insuring against ...
Dubai debt delays revive fear of financial crisisDubai debt delays revive fear of financial crisis
The Japanese yen soared against the U.S. dollar on Thursday reaching the upper 86-yen level in a sharp appreciation not seen since 1995. As the dollar abruptly fell against other major currencies too, domestic concerns about foreign exchange volatility possibly resulting in a double-dip recession are becoming increasingly pervasive.
Bank of America CEO Ken Lewis is certainly not blameless in the financial meltdown. But he probably doesn’t deserve the beating he’s getting
HARDCOVER FICTION1. "I, Alex Cross" by James Patterson (Little Brown)2. "Under the Dome" by Stephen King (Scribner) 3. "The Lost Symbol" by Dan Brown (Doubleday)4. "Ford County: Stories" by John Gr...
Sydney's St Vincent's Hospital has admitted it has taken a hit on the sharemarket but denies it has misappropriated funds earmarked for equipment, research and salaries.
By Tamara Walid and David Dolan
PORT OF SPAIN: Malaysia firmly believes that it is vital to mobilise the entire international organisation system to support small developing countries in combating the global economic crisis.
The availability of cheaper and easier financing alternatives and the diverse market environment are impeding the growth of securitisation markets in the region, but there are signs of change, argues Standard & Poor's.
U.S. stocks managed to hold modest gains Wednesday after a series of economic reports led by better-than-expected data on jobless claims kept the mood positive ahead of the Thanksgiving Day holiday.Th...
Canadians are becoming more pessimistic over the strength of the economic recovery and what it will mean for their finances and job security, a new consumer confidence survey shows.
NEW YORK (AP) — Stocks climbed Wednesday following a drop in weekly unemployment claims to the lowest level of the year and a rise in new home sales. The market’s gains were modest on light trading volume ahead of the Thanksgiving holiday.
U.S. stocks fell modestly Tuesday after the government revised down economic growth in the third quarter and a new survey showed lackluster consumer confidence.The Dow Jones Industrial Average shed 17...
Jail, anyone? Perhaps that's too harsh, and at any rate premature, but is anyone ever going to be held accountable for the behind-the-scenes sweetheart deals that passed tens of billions of taxpayer dollars through the AIG shell game to the very banks that caused the financial meltdown?
Nov. 27 (Bloomberg) -- Kenneth Feinberg’s decision to slash executive pay at taxpayer-rescued companies was “sheer stupidity,” says Home Depot Inc. co-founder Kenneth Langone . Not so, says compensation analyst Paul Hodgson : If anything, Feinberg is a “pay kitten” soft on Wall Street.
