“We remain focused on building sustainable success, not only on short-term results (and) we will continue to assess our overall staffing needs. Any decisions or actions will be shared directly with employees,” it said.
"Can do" and "ought to" are two separate questions. Should something be done just because it can and can something be done even if we should? GMU Econ Professor Peter Boettke brilliantly pursues the answers.
The Treasury Department is dramatically expanding the scope of its bailout of the financial system with a plan to take ownership stakes in the nation's insurance companies, signaling new concerns about a sector of the economy whose trouble
The hedge fund industry, a once-unstoppable profit machine that has already lost more than $200 billion in value this year, could shrink by a quarter or more as the global financial crisis deepens, according to industry analysts and fund managers.
The agency that insures corporate pensions has enough money to pay long-term benefits despite $4 billion in estimated investment losses and ongoing US economic turmoil, its director said. "The people who depend on us should not be concerned,
Statewide, the number of homes repossessed soared 228.4 percent over last year to 79,511 during the third quarter, according to MDA DataQuick. That's the largest number of foreclosures since the San Diego research firm began tracking foreclosures
The federal government may start guaranteeing home mortgages to persuade lenders to ease the monthly financial burden on struggling homeowners, Federal Deposit Insurance Corp. Chairman Sheila C. Bair said.
The New York Times Co. reported a steep drop in third-quarter profits on Thursday, the latest gloomy earnings report in an industry battered by online competition and falling print advertising revenue.
The White House and its leadership assured them that this breach in principle would be their last: that it was necessary for one last increase in the debt limit to give President Reagan a chance to bring about a balanced budget and to begin to reduce
Buffett writes, "Buy American. I Am." He goes on to say that Americans should not panic and flee equities, but instead, they should buy them. That's right – Warren Buffett wants people to buy equity stakes in American companies.
Well respected financial commentator Jim Rogers has slammed the economic policies of the American and British governments, arguing that they are "propping up zombie banks", and repeating his previous warning that an inflationary holocaust i
He cited stadium financing and struggling sponsors as challenges for the league. Borrowing money has become difficult and expensive for many businesses, potentially hampering the credit needed for stadium projects, and sponsorships.
Hundreds of hedge funds will fail and policy makers may need to shut financial markets for a week or more as the crisis forces investors to dump assets, New York University Professor Nouriel Roubini said.
Several Chase Bank branches in the Phoenix area are evacuated Wednesday after they received letters laced with an unidentified powder. 9 different locations of the Chase Bank branches were evacuated. No injuries have been reported....
The S&P 500 lost 58.27 points, or 6.1%, to 896.78. The Dow Jones Industrial Average plunged 514.45, or 5.7%, to 8,519.21 as all 30 of its companies dropped. The Nasdaq Composite Index lost 80.93, or 4.8%, 1,615.75. About 24 stocks fell for each that
Long before she filed for bankruptcy, Ann Neukomm was "under water" -- she owed more on her mortgage than her house was worth -- a situation more and more Americans are finding themselves in. Nearly 1 in 6 homeowners are finding themselves
$23.9 billion quarterly loss is the largest ever for a bank and, coming on top of $10 billion of losses earlier this year, wipes out nearly all the profits the firm has earned since the merger of two banks formed modern Wachovia in 2001.
Crude oil futures fell to a fresh 16-month low Wednesday, pressured by a surging dollar and significant gains in U.S. petroleum stockpiles. Light, sweet crude for December delivery -- the new front month -- traded as low as $67.50 a barrel
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