US accuses S&P of fraud in suit on loan bundles
The Justice Department late Monday filed civil fraud charges against the nation’s largest credit-ratings agency, Standard & Poor’s, accusing the firm of inflating the ratings of mortgage investments and setting them up for a crash when the financial crisis struck.
JOBS Act has good intent, but may hurt investors’ safety nets
Maybe President Barack Obama should have bought shares in Groupon’s IPO.
Sanofi-Aventis offers $18.5 billion for Genzyme, a near-hostile bid
Sanofi-Aventis, the French drugmaker, publicly disclosed its $18.5 billion bid for Genzyme on Sunday, intensifying pressure on the U.S. biotechnology company to engage in discussions about a sale.
Washington Mutual Seized By Federal Regulators
Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators on Thursday night in what is by far the largest bank failure in American history.
The head of the Central Bank of Iran resigned Sunday, bringing the number of key economic figures who have left President Mahmoud Ahmadinejad’s Cabinet to three this month.