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Thursday, 17 June 2010 |
One Federal Reserve governor thinks the Wall Street reform bill hands big banks a sweet deal. A Nobel Prize winning economist thinks regulators get too much discretion. And a high-profile investment strategist dubs the whole thing "wimpy." |
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Thursday, 17 June 2010 |
Oil prices fell Thursday amid concerns about an oversupply of crude, although they were off their lows as fears about Spain's debt eased following a strong bond auction. |
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Thursday, 17 June 2010 |
A large part of the story of the financial crisis is that the big three rating agencies -- Standard & Poor's, Moody's, and Fitch -- gave top credit ratings to the complex securities that helped fuel the credit bubble and subsequent bust. Some former ratings agency employees told Congress that they inflated ratings to satisfy their paying customers, the bond issuers who were stuffing structured bonds full of high-risk, and sometimes fraudulent mortgages. |
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Thursday, 17 June 2010 |
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Russia's largest carmaker and maker of the Lada, Avtovaz, says its loss doubled in 2009 due to poor sales during the financial crisis. |
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Thursday, 17 June 2010 |
Stocks were set to open higher Thursday as investors prepared for new readings on the labor market and inflation. |
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Thursday, 17 June 2010 |
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Sales of new TVs ahead of the World Cup helped to boost UK retail sales by more than expected in May, figures show. |
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Thursday, 17 June 2010 |
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UK retail sales increased by 0.6% in May, official figures show, and were up 2.2% on the same time last year. |
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Thursday, 17 June 2010 |
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Japanese electronic groups Toshiba and Fujitsu announce their intention to merge their mobile phone businesses. |
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Thursday, 17 June 2010 |
On his 81st birthday, entrepreneur Bob Moore signed the papers to hand nearly a third of his company over to his 200 employees. But it's a gift Moore and his three partners hope will pay off for them as well: By launching an employee stock ownership plan, they're creating an exit strategy for themselves from the business they've spent the past three decades building. |
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Thursday, 17 June 2010 |
Economic growth in China will remain robust this year, though activity could slow in 2011, the World Bank said Thursday. |
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