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Lehman Brothers Holdings is preparing to announce a deal to unload two real estate private-equity funds, The Wall Street Journal reported, citing people familiar with the situation.
(Adds background.) WARSAW -(Dow Jones)- Poland will meet Maastricht euro-entry criteria by 2015, which makes the country's adoption of the common currency by that year a realistic goal, Prime Minister Donald Tusk said Friday.
CIT Group Inc's new shares rose as much as 6 percent from opening levels in their debut on the New York Stock Exchange on Thursday as the lender to small businesses emerged from one of the largest bankruptcies in U.S. history.
Dec. 11 (Bloomberg) -- China’s industrial production grew more than economists estimated in November, signaling the economic recovery is strengthening.
Dec. 11 (Bloomberg) -- China’s industrial production grew 19.2 percent in November from a year earlier, the statistics bureau said in Beijing today. That compared with a 16.1 percent increase in October and the median 18.2 percent estimate in a Bloomberg News survey of 25 economists.
Sustained high unemployment is a recipe for immense human suffering. The Federal Reserve must start lending a hand to job creation.
Weil Gotshal private equity partner Barry Wolf has been elected to the position of executive partner as of Jan. 1, when he will take over the role from Stephen Dannhauser, who will remain chairman and a member of the management committee. Wolf will focus on managing the firm and directing its strategy, while Dannhauser will work on developing and growing client relationships. Wolf said that as ...
The U.S. House of Representatives will debate on Thursday the most sweeping changes to financial regulation proposed since the Great Depression, including broad new government powers over large banks and tighter regulation of capital markets.
Speaker sees recovery despite weak spending Cummings applauds Paulson's response
Borrow from Canada
Dec. 10 (Bloomberg) -- A former Merrill Lynch & Co. broker was sentenced to four years of probation today for conspiring to sell day traders access to internal “squawk boxes.”
(Washington, DC) -- The U.S. House of Representatives is set to vote this afternoon on the long awaited Wall Street regulation bill. But first will come votes on two important amendments.
House debate over a vast rewrite of Wall Street regulations kicks off in a charged partisan atmosphere, with plenty of pressure from big bank and business lobbies determined to change it.
Consultants for the Bitterroot Ski Resort say some real estate dependent ski resorts are facing problems in today's economy. They add that the Ravalli County ski project is not dead, they're simply watching the market.
Future historians may mark 2009 as the year when, despite ourselves, the American financial and economic systems proved sufficiently resilient to withstand and survive crises with less damage than feared. For now, however, we understandably are still focused on blame-placing and on the unfairness associated with some of the steps taken to move us back toward growth. One such step is the blank ...
WASHINGTON — After banks and their House allies won limits in the reach of state consumer banking laws, Democratic leaders on Thursday prepared to fight off efforts within their party to further weaken a crisis-driven financial overhaul bill.
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