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Accounting Changes Hide Freddie's Flaws
New practices let the housing giant beat first-quarter expectations; meanwhile, RealtyTrac reports U.S. foreclosure filings climbed 65% in April.
Related Topics: Financial Services
12:22PM 05/14/08
Bernanke: Credit Crisis Isn't Over Yet
In a televised speech, the Fed chairman cites ongoing financial market troubles and says Wall Street needs to address the fundamental sources of strain.
Related Topics: Bonds/Economy | Financial Services | Banks
10:05AM 05/13/08
AIG in 'Crisis,' Ex-Chief Says
Maurice 'Hank' Greenberg asked the insurer's board to postpone its annual meeting this week, after its $7.8 billion first-quarter loss.
Related Topics: Banks | Financial Services
05:17PM 05/12/08
The former Time magazine and Wall Street Journal editor has been at private-equity shop The Carlyle Group.
Related Topics: Media
04:12PM 05/12/08
Cablevision Buys Long Island's Newsday
The $650 million deal beat bids by News Corp. and the publisher of New York tabloid the Daily News.
03:13PM 05/12/08
The insurance giants' miserable first quarter on top of recent troubles could spell trouble for Marty Sullivan.
04:13PM 05/09/08
AIG Woes Could Spell Trouble for CEO
The honeymoon ended for Marty Sullivan in February and the insurance giants' miserable first quarter isn't helping.
02:19PM 05/09/08
The 5 Dumbest Things on Wall Street: May 9
Bear Stearns' odd couple; our leading contrary indicators; no country for BofA; Sprint to the finish; Microhoo, we hardly knew you.
Related Topics: Market Commentary
07:01AM 05/09/08
AIG Battered by Derivative Writedowns
The insurance giant lost $7.81 billion in its first quarter due to heavy writedowns on credit-default swaps and mortgage-related investments.
06:01PM 05/08/08
Economy Better, but Not Yet Out of Woods
While conditions on Wall Street have shown signs of improvement, Main Street's pain has yet to fully set in.
Related Topics: Bonds/Economy | Banks | Market Commentary | Markets | Financial Services
06:44AM 05/08/08
