I believe the US economy will continue to experience distress, and may take a long time to recover. It will probably take years for the... Read more…

Bernard Madoff's niece and another relative -- worried they'll wind up behind bars -- have contacted a consultant who teaches white-collar criminals how to survive... Read more…

The Acumen Fund provides "patient capital" to for-profit businesses around the world that help people climb out of poverty. Read more…

Spreading talk that the financial crisis is on its last leg seems decidedly unjustified because it's woefully devoid of supporting evidence. Read more…

By aggregating tweets and tweeters about investing, a community has been created in less than six months that has surpassed traditional financial media sources in value to myself and many of my colleagues. Read more…

Brewing giant Anheuser-Busch InBev NV is exploring the sale of its storied but struggling Rolling Rock brand, according to people familiar with the matter. The... Read more…

With the banking industry suffering from a crisis in confidence as much as liquidity, Paul Krugman says the Treasury Department will likely sugarcoat the stress... Read more…

The five-week old stock rally faces its biggest test yet this week: The arrival of the first big basket of what is likely to be... Read more…

Design is the excellent differentiator we often take for granted. It takes a product that would otherwise be a mere commodity and gives it a... Read more…

BEIJING — China's central bank said Saturday that its foreign exchange reserves rose 16 percent year-on-year to $1.9537 trillion by the end of March. China's... Read more…

Yahoo and Microsoft, which held a marathon series of fruitless merger and partnership negotiations last year, have restarted discussions, this time over a possible advertising... Read more…

NEW YORK — A Manhattan judge has given investors a green light to go after Bernard Madoff's personal property by forcing the disgraced financier into... Read more…

When I traveled to the U.S. Conference of Mayors annual meeting in Miami last year (more of a party than it sounds), I asked a... Read more…

Long before the Internet provided a go-to source of information from weather to sports scores, the phone companies were conditioning us to accept the notion of pay-for premiums. Read more…

The blow about to be delivered by this next bursting asset bubble may prove to be mortal for the global economy. Read more…

The Food and Drug Administration may be getting some teeth. According to the Associated Press, the FDA said Friday it secured a court order barring... Read more…

WASHINGTON — The Treasury Department said Friday that the budget deficit increased by $192.3 billion in March, and is near $1 trillion just halfway through... Read more…

Only 53% of American adults believe capitalism is better than socialism. The latest Rasmussen Reports national telephone survey found that 20% disagree and say socialism... Read more…

So I guess that $45,000 speaking fee from Merrill Lynch wasn't technically a bribe because Summers wasn't named to Obama's economic transition team until Nov.... Read more…

Virgin Mobile USA has joined the ranks of companies angling for business in the deepening recession, as it launches a new promotion that promises to... Read more…

The Fed is already printing trillions of U.S. dollars and pumping them into the global economy in an effort to stave off a financial collapse.... Read more…

So far, I've laid the Obama administration's decision to keep propping up failed banks at Tim Geithner's feet. Obama, meanwhile, has so far avoided blame.... Read more…

The U.S. Federal Reserve has told Goldman Sachs Group Inc., Citigroup Inc. and other banks to keep mum on the results of "stress tests" that... Read more…

A project by Canadian National Railway called the "Pipeline on Rails" is an energy and political game-changer for Canada and the financially struggling United States.... Read more…

MAPLEWOOD, Minn. — 3M Co. is offering early retirement packages to 3,600 employees, or 11 percent of its U.S. work force, to reduce costs even... Read more…

NEW YORK (Reuters) -- The trustee liquidating Bernard Madoff's brokerage filed a lawsuit on Thursday seeking the return of $150 million that the firm transferred... Read more…

A new report released Thursday on the private student lending industry offers a bit of deja vu. "It's the same sad story: irresponsible lending," says... Read more…

Firing someone is bad. Firing a workplace friend is worse. There isn't a lot that can be done to make this terrible task easier, but some clear guidelines will help you gear up for the dirty deed. Read more…

Decide that you are going to get a job and eliminate all other options. Treat unemployment benefits like the plague and a non-option. Read more…

WASHINGTON (Reuters) -- The U.S. economy will end its "free-fall" within a few months as government stimulus and rescue efforts take hold and inventory cycles... Read more…

April 9 (Bloomberg) -- Banks receiving federal aid through the U.S. Troubled Asset Relief Program must also take part in the government's mortgage modification initiatives,... Read more…

The bank stress tests currently underway are "a complete sham," says William Black, a former senior bank regulator and S&L prosecutor, and currently an Associate... Read more…

From a Mitsubishi Motors press release dated April 9, 2009: "New York - Mitsubishi Motors is accelerating its drive toward greater environmental responsibility and reinforcing... Read more…

NEW YORK — Stocks surged Thursday to their highest levels in two months after banking giant Wells Fargo & Co. surprised the market with an... Read more…

April 9 (Bloomberg) -- President Barack Obama will get a progress report on stress tests at the 19 biggest U.S. banks when he meets tomorrow... Read more…

The Meredith Whitney myth might be in line for a downgrade. The bearish banking analyst has been the toast of Wall Street and Main Street... Read more…

If one could reduce the point of all the massive government planning and intervention and bailouts down to a single pressing need, it's this: we... Read more…

TOKYO — Japanese Prime Minister Taro Aso unveiled an ambitious long-term growth strategy Thursday, vowing to refashion the world's second-largest economy and create millions of... Read more…

If Chrysler LLC's main bank is not willing to help the struggling automaker, concerned consumers should not support JPMorgan Chase, say two advocacy groups that... Read more…

April 9 (Bloomberg) -- Lockheed Martin Corp. had the "best outcome" from the U.S. Defense Department's proposed budget announced this week, with Boeing Co. "the... Read more…

The poor will always be with us, or at least as long as Republicans are also with us. Read more…

WASHINGTON — The U.S. trade deficit plunged unexpectedly in February as the recession pushed imports down for a seventh straight month while exports rebounded a... Read more…

WASHINGTON — New jobless claims fell more than expected last week but are stuck at elevated levels, while those continuing to receive unemployment insurance set... Read more…

WASHINGTON — The U.S. trade deficit plunged unexpectedly in February to the lowest level in more than nine years as the steep recession pushed imports... Read more…

AMSTERDAM — ING NV, the Dutch bank and insurer, said Thursday it plans to sell operations it says could raise up to euro8 billion ($10.6... Read more…

NEW YORK — Wells Fargo & Co. said Thursday that it expects record first-quarter earnings of $3 billion, easily surpassing analysts' estimates and providing an... Read more…

(Reuters) -- Wal-Mart Stores Inc (WMT.N) on Thursday reported March same-store sales.... Read more…

(Reuters) -- Morgan Stanley's (MS.N) bottom line will be hurt by the recent rebound in its bond prices, the Wall Street Journal said. On account... Read more…

NEW YORK — Consumers continued to shop cautiously in March amid high unemployment and continued home foreclosures, but there were some glimmers of stabilization in... Read more…

A free fall in tax revenue is driving more state lawmakers to turn to broad-based tax increases in a bid to close widening budget gaps.... Read more…