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Posted: January 29th, 2008, 11:07pm EST
Fourteen firms are under scrutiny for possible accounting fraud, insider trading or other violations tied to loans made to borrowers with weak, or subprime, credit.
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Posted: January 29th, 2008, 11:06pm EST
Mr. Froehlich was one of the first distributors of high-tech Japanese cameras in the United States.
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Posted: January 29th, 2008, 11:01pm EST
In a major revamping of its sluggish clothing business, Wal-Mart Stores will shut two divisions at its headquarters in Arkansas.
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Posted: January 29th, 2008, 10:51pm EST
Mr. Barr was best known for representing the International Business Machines Corporation in a 13-year antitrust battle with the federal government.
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Posted: January 29th, 2008, 10:40pm EST
The former chief financial officer of the hedge fund Bayou Group was sentenced to 20 years in prison for his role in a scheme that defrauded investors of $450 million and led to the fund’s collapse.
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Posted: January 29th, 2008, 10:40pm EST
The way the Prodisc, an artificial spinal disk, was tested and approved provides a stark example of conflicts of interest among clinical researchers.
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Posted: January 29th, 2008, 10:39pm EST
Despite the disappointing outlook, the company said it planned to invest aggressively in advertising technology as it tries to capture a larger share of online ad dollars.
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Posted: January 29th, 2008, 10:34pm EST
The maker of corporate data storage equipment, forecast better-than-expected 2008 revenue, but its shares fell after the VMware unit missed growth estimates.
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Posted: January 29th, 2008, 10:33pm EST
The day that Société Générale said Jérôme Kerviel, a rogue trader, had cost it billions, it announced a large subprime-related write-down.
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Posted: January 29th, 2008, 10:28pm EST
Politicians in France increased calls for the resignation of top executives at Société Générale, ahead of the board’s regular meeting, scheduled for Wednesday.
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Posted: January 29th, 2008, 10:22pm EST
Defense lawyers described Mr. Snipes’ views on taxes as “kooky” and “dead wrong,” but said he had not committed a crime.
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Posted: January 29th, 2008, 10:20pm EST
GRAND RAPIDS, Mich. (AP) — The nation’s largest chemical company, Dow Chemical, said on Tuesday that its fourth-quarter earnings fell 52 percent because of an overhaul effort and a $1.7 billion jump in spending on materials and energy.
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Posted: January 29th, 2008, 10:07pm EST
After more than a decade of sensational buzz, Starbucks is struggling nationwide as it faces slowing sales growth and increased competition.
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Posted: January 29th, 2008, 10:00pm EST
Wall Street advanced sharply Tuesday, as the Federal Reserve opened a two-day meeting at which it is expected to cut interest rates again to revitalize the economy.
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Posted: January 29th, 2008, 9:58pm EST
Orders to factories for big-ticket manufactured goods jumped an unexpected 5.2 percent in December.
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Posted: January 29th, 2008, 9:58pm EST
Sometime before Feb. 1, 2010, the next president will have to decide whether Federal Reserve Chairman Ben Bernanke should get a second term.
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Posted: January 29th, 2008, 9:57pm EST
Home prices in 20 metropolitan areas fell in November for the 11th consecutive month, as foreclosures and a slump in sales added to the glut of unsold properties.
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Posted: January 29th, 2008, 9:56pm EST
Eli Lilly & Company reported fourth-quarter earnings of $854.4 million, or 78 cents a share, compared with $132.3 million, or 12 cents a share, a year ago.
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Posted: January 29th, 2008, 9:54pm EST
In an unusual marketing move for a fashion and luxury goods brand, Louis Vuitton said it planned to advertise on television for the first time.
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Posted: January 29th, 2008, 9:47pm EST
In a move that will make it easier for small and medium-size public companies to raise money, federal regulators are about to the ease rules on the sale of restricted shares.
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Posted: January 29th, 2008, 9:39pm EST
The House voted on Tuesday to approve a $146 billion fiscal stimulus package, but the bipartisan deal is at risk as Senate Democrats forged ahead with their own, more expensive plan and jockeyed over what to include in it.
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Posted: January 29th, 2008, 9:32pm EST
Barack Obama’s first spot highlighting Caroline Kennedy’s endorsement features images of her father and the Moon landing.
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Posted: January 29th, 2008, 9:27pm EST
Stephen Chao, a hit maker fired from News Corp., is starting an Internet video venture in how-to clips.
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Posted: January 29th, 2008, 9:26pm EST
After a stunning cut one week ago, the Federal Reserve appears poised to announce another rate cut on Wednesday as insurance against a recession.
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Posted: January 29th, 2008, 9:23pm EST
The huge loss for Countrywide Financial Corporation was not expected to hinder its $4.1 billion takeover by the Bank of America.
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Posted: January 29th, 2008, 9:20pm EST
MINNEAPOLIS (AP) — The 3M Company, which makes Scotch tape, Post-it notes and industrial adhesives, posted lower fourth-quarter earnings on Tuesday, compared with the quarter a year ago, which included a one-time gain.
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Posted: January 29th, 2008, 9:18pm EST
The Pepsi Bottling Group posted a profit on Tuesday that beat Wall Street estimates by a penny, despite flat volume.
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Posted: January 29th, 2008, 9:18pm EST
PITTSBURGH (AP) — United States Steel reported substantially lower fourth-quarter profits on Tuesday, as acquisition costs, European job cuts and lower prices weighed down results.
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Posted: January 29th, 2008, 9:17pm EST
CHICAGO (AP) — The Allstate Corporation, the property and casualty insurer, reported a 37 percent decline in fourth-quarter profit Tuesday on higher catastrophe losses and increased costs.
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Posted: January 29th, 2008, 8:30pm EST
New York’s chic shopping districts seem to be teeming these days with foreign tourists taking advantage of the weak dollar. Foreign retailers are now joining them.
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Posted: January 29th, 2008, 7:46pm EST
In a long-depressed Washington area, gentrification is finally taking hold.
