Stocks drop on bank worries, FedEx profit warning
NEW YORK — Wall Street sank Wednesday for the second straight day on renewed concerns about the financial sector and FedEx Corp.'s warning that ...
NEW YORK — Wall Street sank Wednesday for the second straight day on renewed concerns about the financial sector and FedEx Corp.'s warning that ...
The New York Times | LOUISE STORY | Posted 06.16.2008 | Business
Only a year ago, Wall Street reveled in an era of superlatives: record deals, record profit, record pay. But a mere 12 months later, nearly half of th...
John Tepper Marlin | Posted 06.04.2008 | Green
If Ceres Climate Change ratings had been used as a proxy for long-term thinking, they would have been helpful. They would, in the context of the illiquidity of the credit markets, have been a good predictor of the Bankers Panic of 2008.
Henry Blodget | Posted 05.08.2008 | Business
Wall Street predictions are wrong about half the time, so take them all with a grain of salt. That said, the current views of Morgan Stanley strategist David Darst have more logic going for them than most.
CNBC | Charlie Gasparino | Posted 05.05.2008 | Business
Morgan Stanley is planning another round of layoffs in the coming days, finalizing a plan to slash another 5 percent from its securities-firm workforc...
NY Times via Yahoo | Posted 04.24.2008 | Business
A dispute over the estate of the legendary soul singer James Brown has reached a bitter new pitch -- on Wall Street. The estate's guardians are accus...
AP | JOE BEL BRUNO | Posted 04.08.2008 | Business
PURCHASE, N.Y. — Morgan Stanley Chief Executive John Mack said Tuesday that Wall Street is facing the most difficult conditions that he has seen...
Reuters | Jonathan Stempel | Posted 03.28.2008 | Business
A U.S. federal judge has temporarily blocked a former senior Bear Stearns Cos (BSC.N) executive from jumping to Morgan Stanley (MS.N) and recruiting c...
Eben Esterhuizen | Posted 03.03.2008 | Business
Financial firms have so far announced losses totaling around $160 billion, and rhere is more bad news to come and central bankers know it.
Wall Street Journal | LINGLING WEI, RANDALL SMITH | Posted 03.03.2008 | Business
After suffering a beating from their exposure to home loans, banks and securities firms are about to take their lumps from office towers, hotels and o...
BusinessWeek | Moira Herbst | Posted 02.28.2008 | Business
In the final Democratic debate of the primaries on Feb. 26, Senator Hillary Clinton (D-N.Y.) trumpeted the populist theme of her campaign: "The wealth...
Wall Street Journal | Kate Kelly, Peter Eavis | Posted 02.24.2008 | Business
At a recent investor meeting, Goldman Sachs Group Inc. Chief Executive Lloyd Blankfein made a wry apology for arriving late. "This is the wrong time ...
Silicon Alley Insider | Henry Blodget | Posted 02.21.2008 | Business
We canvassed a couple of Wall Street M&A moguls last night for their thoughts on how the Microsoft-Yahoo (MSFT/YHOO) deal would play out. Their though...
Seeking Alpha | Gary Smith | Posted 02.21.2008 | Business
Commercial construction is the recession's next victim, according to Richard Berner, writing in Morgan Stanley's latest Global Economic Forum. The sec...
Motley Fool | Tim Hanson | Posted 02.15.2008 | Business
Six -- count 'em, six -- major financial firms now declare that the United States is in recession. That list includes heavyweights such as Goldman S...
AP | JOE BEL BRUNO | Posted 02.13.2008 | Business
NEW YORK — Morgan Stanley on Wednesday said it will cut 1,000 jobs as the nation's second-largest investment bank trims its residential mortgage...
Wall Street Journal | David Gaffen | Posted 01.31.2008 | Business
The admissions of greater-than-expected writedowns from Swiss bank UBS, along with reports out of major Japanese institutions, means the total amount ...
AP | Posted 01.24.2008 | Business
Morgan Stanley plans to lay off about 2 percent of its workers this week to help cut expenses as the market for investment banking grows tougher, acco...
Eben Esterhuizen | Posted 01.02.2008 | Business
Because "stagflation" sounds a hell off a lot scarier than "recession," you'll probably be hearing a lot about it in the financial media over the coming weeks.
AP | Posted 12.24.2007 | Business
Morgan Stanley and the Chinese government said Monday that the U.S. investment bank has determined the range of prices to be used when China's interna...
AP | Joe Del Bruno | Posted 12.21.2007 | Business
This might have been one of Wall Street's most dismal years in a decade, but that hasn't stopped bonus checks from rising an average of 14 percent. F...
AP | Stephen Bernard | Posted 12.19.2007 | Business
"Deeply disappointing" fourth-quarter writedowns have Morgan Stanley Chief Executive John Mack bypassing his year-end bonus -- and he is unlikely to b...
Motley Fool | Richard Gibbons | Posted 12.19.2007 | Business
This is one ugly market. That ugliness shows up in the averages, with the Dow down 4% since mid-October, but it's much worse in individual stocks. St...
Silicon Valley Insider | Henry Blodget | Posted 12.19.2007 | Business
We are fans of Morgan Stanley CEO John Mack, but we were annoyed by his description of the incineration of $9.4 billion as "embarrassing." It's not "e...
AP | Madlen Read | Posted 12.19.2007 | Business
Wall Street ended a volatile session mixed Wednesday as investors wrestled with a troubling outlook for bond insurers, a $9.4 billion writedown at Mor...
In a candid interview via satellite from China, Olympic...
Update: Keith Olbermann had Rachel Maddow on "Countdown" Tuesday night to celebrate...
UPDATE: A day after Roseanne's blogs from below...
"How honest are we if we tell the truth most of the time &...
Obama's been to Hawaii. We're moving...
I've read the comments. I know what some of you think. Yawn. It's not a story. He's not...
LOS ANGELES — Barack Obama is getting praise from Nashville, courtesy of one...
EAST CLEVELAND, Ohio — A Cleveland Clinic official says Democratic U.S....
NEW YORK — The suspense didn't quite compare to the identity of "Deep Throat,"...
Turning conventional neuroscience on its head, new research suggests the...
USA Today reports that inventors, despite the clashing designs of airplanes...
Last year I praised Rebecca Taylor and...
NAPLES, Fla. — Tropical Storm Fay rolled ashore in southwestern Florida on Tuesday without...
AP | TIM PARADIS | Posted 06.18.2008 | Business