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More Nightmares Lurk on Street of Dreams

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

Taking a longer term outlook, Leibovit thinks "we're in for five or six years of hell," with the Dow tumbling to about 2,000. So where should investors put their money? Consider cash and gold.

William Alden

Yen Intervention Resolves Immediate Crisis, But Japan's Economy Still Threatened

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

The yen eased off its all-time high Friday as the world's major central banks lent their support, but Japan's economic troubles are far from over, exp...

William Alden

Industrial Nations Intervene As Rising Yen Threatens Japanese Trade

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

UPDATE 8:00 AM: The yen fell against the dollar Friday, as the currency intervention announced Thursday night began, Reuters reports. Japan's central...

Bank Dividend Increases Would Give Wall Street Chiefs Millions

The Huffington Post | William Alden | Posted 05.25.2011 | Business

The Wall Street pay practice that has been described as a way to make banks safer is now set to enrich top executives. When banks are allowed to incre...

William Alden

U.S. Economic Policy Not Changing In Response To Japan As Officials See Little Risk

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

American policy makers are expressing assurance that the ongoing crisis in Japan will not affect the tenuous economic recovery underway in the United ...

Workers Gloomier, More Fearful Than Ever About Retirement, Survey Says

Reuters | Linda Stern | Posted 05.25.2011 | Business

In its annual Retirement Confidence Survey, it found that worker expectations for their later years withered in the face of high unemployment, gov...

Unpaid Internships And The Jobless People Fighting For Them

Los Angeles Times | Alana Semuels | Posted 05.25.2011 | Business

Working for no pay isn't the preferred route out of unemployment, but it offers valuable experience and the inside track to jobs once they do open up....

SEC Chair: We Didn't Consider 'Media Frenzy' When Writing IPO Rules

Posted 05.25.2011 | Business

WASHINGTON (By Sarah N. Lynch) - The U.S. Securities and Exchange Commission is reviewing the rules surrounding private securities trading and in...

Japan Grabbed More U.S. Debt Prior To Earthquake

AP | Posted 05.25.2011 | Business

WASHINGTON -- Japan increased its holdings of U.S. government debt for an eighth straight month in January. But the second-largest holder of U.S. Trea...

Nevada's Record Number Of Empty Homes

AP | By CRISTINA SILVA | Posted 05.25.2011 | Business

LAS VEGAS -- The promise of palm tree groves and low-priced real estate lured Alan and Katherine Ackerly across the Rocky Mountains from Denver to Nev...

William Alden

Japan Disaster Threatens Economic Recovery, Affects Economies Globally

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

The disaster in Japan threatens to significantly impede the nation's economic recovery, perhaps spreading to other nations, say economists. The worst...

Libya's Oil Exports Have 'Ground To A Halt'

AP | By TAREK EL-TABLAWY | Posted 05.25.2011 | Business

CAIRO -- Libya's oil exports have "ground to a halt" because of the fighting between rebels and pro-government forces, and it could be months before t...

Germany Decides To Close Down Seven Nuclear Reactors

Wall Street Journal | Patrick McGroarty | Posted 05.25.2011 | Business

BERLIN—Seven nuclear reactors in Germany built before 1980 will be shut during a three-month review of nuclear-plant safety and the country's broade...

MLB Puts Restrictions On The Resale Of Team Debt

Posted 05.25.2011 | Business

NEW YORK (Reuters) - Major League Baseball has placed restrictions on the resale of debt issued by its teams in a bid to protect the New York Met...

Federal Reserve Meets As Economic Risks Widen

AP | Posted 05.25.2011 | Business

WASHINGTON — The Federal Reserve offered its most optimistic view of the U.S. economy since the recession ended, even as Japan's nuclear crisis ...

Jason Linkins

The Consumerist Returns For Another Year Of 'The Worst Company In America' Contest

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Business

Hey everyone, it's March Madness time! You know what that means, right? First of all, it's the time of year where you loathe yourself for picking Du...

GE CEO Accepts First Bonus Since 2007

Posted 05.25.2011 | Business

NEW YORK (Reuters) - General Electric Co (GE.N) paid Jeffrey Immelt a $4 million cash bonus in 2010, following two years when the chief executive...

Oliver Twist's Workhouse Saved From Demolition

AP | JILL LAWLESS | Posted 05.25.2011 | Business

LONDON — The British government announced Monday it has given protected status to a former workhouse thought to have inspired Charles Dickens' "...

White House Reaffirms Commitment To Nuclear Energy

Posted 05.25.2011 | Business

WASHINGTON (Reuters) - The White House said on Monday President Barack Obama remains committed to keeping nuclear energy as part of the energy mi...

SEC Fought Outside Pressure In Prosecuting Rajat Gupta

CNBC | John Carney | Posted 05.25.2011 | Business

Despite pressure from federal prosecutors overseeing the case against Raj Rajaratnam, the Securities and Exchange Commission pushed ahead with its ins...

Krugman: Foreclosure Settlement Could Be Another 'Inside Job'

The New York Times | Paul Krugman | Posted 05.25.2011 | Business

That settlement is a “shakedown,” says Senator Richard Shelby of Alabama. The money banks would be required to allot to mortgage modification woul...

Amazon Faces State Pressure To Collect Sales Tax

The New York Times | Verne G. Kopytoff | Posted 05.25.2011 | Business

SAN FRANCISCO -- Across the country, state officials struggling with big budget shortfalls are trying to get Amazon.com to take on a role it does not ...

U.S. Millionaires: $7 Million Doesn't Make You Rich

Posted 05.25.2011 | Business

NEW YORK (By Helen Kearney) - A million dollars ain't what it used to be. More than four out of ten American millionaires say they do not feel...

The 10 Most Counterfeited Products In America

Daily Finance | Douglas A. McIntyre | Posted 05.25.2011 | Business

American consumers love bargains. But that zest for getting a coveted product at the lowest price also has an economic downside: It creates a giant op...

The Continuing Mortgage Mess

Robert Kuttner | Posted 05.25.2011 | Business
Robert Kuttner

After the drubbing that the Democrats took last November, you would think that it might occur to the White House that it makes sense to be more clearly aligned with the interests of consumers. But that is still contested terrain.