SEC says it lacked authority to charge Moody’s

[AP] - The Securities and Exchange Commission has declined to seek fraud charges against Moody's Investors Services over its ratings of risky investments that led to the financial crisis.

Fed officials discussed further stimulus steps

[AP] - Federal Reserve officials signaled at their August meeting that they would consider going beyond a modest program to purchase government debt if necessary to boost the economy.

10 bailed-out banks spent $16.3M lobbying in 1H

[AP] - The 10 banks that received the most bailout aid during the financial crisis spent over $16 million on lobbying efforts in the first half of 2010, as the debate over financial regulatory reform reached its height.

Source: JPMorgan Chase halting proprietary trading

[AP] - JPMorgan Chase & Co. is shutting down its proprietary trading desks and eliminating around 80 jobs to comply with new restrictions on investment banks, a source familiar with the situation said on Tuesday.

Source: JPMorgan Chase halting proprietary trading

[AP] - JPMorgan Chase & Co. is shutting down its proprietary trading desks and eliminating around 80 jobs to comply with new restrictions on investment banks, a source familiar with the situation said on Tuesday.

Fed approves sale of Morgan Stanley stock shares

[AP] - The Federal Reserve has approved a request by a Chinese sovereign wealth fund to acquire up to 10 percent of the voting shares of New York investment giant Morgan Stanley.

Stocks end a brutal August with meager gains

[AP] - The stock market ended its worst August since 2001 with meager gains Tuesday after minutes from the latest Federal Reserve meeting showed officials' increasing concern about the economy.

SEC says it lacked authority to charge Moody’s

[AP] - The Securities and Exchange Commission has declined to seek fraud charges against Moody's Investors Services over its ratings of risky investments that led to the financial crisis.

Deere sells wind energy business for $900M

[AP] - Energy company Exelon Corp. said Tuesday it will pay $900 million for the wind energy assets of manufacturer Deere & Co., potentially signaling an active merger and acquisition period ahead for the power industry.

Earl could force US evacuations ahead of Labor Day

[AP] - A powerful Hurricane Earl threatened to sideswipe much of the East Coast just ahead of Labor Day, worrying countless vacationers who planned to spend the traditional last week of summer at the beach.

Next Page »