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Finance

The Hubbub Over Merrill Lynch Bonuses

Clusterstock | John Carney | Posted 05.25.2011 | Business

As background to all this, recall that Bank of America has promised big bonuses to brokers who stay at the combined bank for the next several years--b...

Stocks end quiet session mixed ahead of election

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street ended the calmest session in recent memory with a narrowly mixed performance Monday as investors largely looked past a we...

What Real Financial Reform Should Look Like

Sean-Paul Kelley | Posted 05.25.2011 | Business
Sean-Paul Kelley

The market will discover it's bottom, no matter what the Fed or Treasury does. But this could have been prevented. And don't let a single damned politician say it couldn't have.

Thomas B. Edsall

Man Versus Machine

HuffingtonPost.com | Thomas B. Edsall | Posted 05.25.2011 | Politics

The recent economic meltdown has renewed the salience of the question of the relationship between human beings and computers. A survey of various expe...

Miserable October For Finance Finally At An End

New York Times | MICHAEL M. GRYNBAUM | Posted 05.25.2011 | Business

October is on track to go down in history as the worst month in the American stock market since 1987. On Friday, investors were poised to make sure th...

AIG's Bailout Total Rises To $144 Billion

New York Times | MARY WILLIAMS WALSH | Posted 05.25.2011 | Business

The company said it would be able to borrow up to $20.9 billion under the new program, raising its maximum available credit from the Fed to $144 billi...

Big Banker: Government Needs To Quit Helping Big Banks

New York Times | Joe Nocera | Posted 05.25.2011 | Business

And let's not hear another word about how government control is somehow a move towards socialism. Tough times requires touch choices and difficult dec...

Krugman: Real Stimulus Would Be Government Spending

New York Times | PAUL KRUGMAN | Posted 05.25.2011 | Business

No, what the economy needs now is something to take the place of retrenching consumers. That means a major fiscal stimulus. And this time the stimulus...

William Greider Predicted Crisis, Says It's Time To Face Problems

WWD | Jacob Bernstein | Posted 05.25.2011 | Business

Whenever the economy comes crashing down, journalists try to figure out what went wrong, and their first target is frequently each other. Two weeks ag...

Banks Start Promising Kashkari They Will Make Loans

Clusterstock | Henry Blodget | Posted 05.25.2011 | Business

More importantly, the WSJ gets at the real problem here. In addition to running on fumes and fearing for their own futures, the banks aren't lending b...

Struggling IndyMac Borrowers May Not Know They're Entitled To Help

Los Angeles Times | E. Scott Reckard | Posted 05.25.2011 | Business

The Federal Deposit Insurance Corp.'s program to lower loan payments for struggling borrowers with mortgages from IndyMac Bank has been lauded by cons...

"The US Has No Long-Term Economic Strategy"

BusinessWeek | Michael E. Porter | Posted 05.25.2011 | Business

With the U.S. election just days away, it has never been more important to consider what the next President must do to keep America competitive. In th...

GM Calls Bottom Of Downturn

Financial Times | John Reed | Posted 05.25.2011 | Business

Michael DiGiovanni, GM's head of global marketing and industry analysis, said the industry had felt the "tremendous snowballing effect around the worl...

IMF Creates $100 Billion Fund To Aid Crisis Fight

Wall Street Journal | BOB DAVIS, MARCUS WALKER and JOHN LYONS | Posted 05.25.2011 | Business

The International Monetary Fund will offer as much as $100 billion in a new kind of loan to countries that are battered by the financial crisis, makin...

Dow Gains More Than 2 Percent After GDP Report

AP | TIM PARADIS and MADLEN READ | Posted 05.25.2011 | Business

NEW YORK — Wall Street showed some welcome signs of stability Thursday, taking a downbeat gross domestic product report in stride and driving th...

World markets rally, led by Latam, Asia

AP | PAN PYLAS | Posted 05.25.2011 | Business

LONDON — World stock markets were stronger Thursday led by sharp rallies in Asia and Latin America after the U.S. Federal Reserve said it would ...

Repairing the Damage -- After the Global Firestorm

Paul Wagler | Posted 05.25.2011 | Business
Paul Wagler

The jury is still out on how big the current financial firestorm will become. Is it a prelude to a deep recession? Some people think that a recovery may already be starting.

Letter From Rep. Waxman To Banks Questions Ethics Of Using Taxpayer Funds For Bonuses

Posted 05.25.2011 | Business

Below is the text of a letter sent on October 28, 2008 from Rep. Henry Waxman, chairman of the Committee on Oversight and Government Reform, to the he...

Man Who Promoted Toxic Investments Poised To Redeem Himself

Fortune | Katrina Brooker | Posted 05.25.2011 | Business

But before anyone organizes a ticker-tape parade for Fink, keep in mind that 25 years ago he was an early and vigorous promoter of the CMO (collateral...

The Waffle Guy, or, Financial Independence in Uncertain Times

Ike Eze | Posted 05.25.2011 | Business
Ike Eze

In times like these, we harbor this nagging fear of corporate layoffs, or worse -- the failure of the entire company. So how can we tackle this fear and come up with a solution?

Cuomo Investigates Bailout Bonuses At Banking Companies

New York Times | Posted 05.25.2011 | Business

The New York attorney general has expanded his investigation of bonus payments to Wall Street executives whose banking companies are receiving $125 bi...

Stocks end mixed in late slide after Fed rate cut

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street received the interest rate cut it wanted, but still turned in a baffling late-day performance Wednesday, shooting higher ...

Kids Play Stock Market, Learn Not To Want Stocks: "I Asked For a Parakeet Instead"

Wall Street Journal | JENNIFER LEVITZ | Posted 05.25.2011 | Business

WILMINGTON, Del. -- Michael Ashworth slumped by his computer, weary from another rough day in the stock market. All his favorite picks -- Domino's Piz...

The Tipping Point? Merger Deals Could Be Ray Of Hope

New York Times | Posted 05.25.2011 | Business

Market observers are desperately trying to call a bottom in the stock market, but something more dynamic is happening in the M&A market. The events o...

Big Layoffs From Big Companies (SLIDESHOW)

Huffington Post | Nour Akkad | Posted 05.25.2011 | Business

As the financial turmoil continues, many high-profile companies have recently announced massive layoffs to be conducted in the next couple of months. ...