Description: Employment in March grew by the most in three years, representing a turning point for the labor market that will help broaden the U.S. economy as it recovers from the deepest recession in seven decades.
Description:Â The U.S. government is setting up a program to sell its 27% stake in Citigroup Inc. and the plan could be announced next month, according to a report Thursday, citing unidentified people with direct knowledge of the matter.
Description: The fastest pace of economic growth in six years during the final three months of 2009 fueled a surge in corporate profits that may set the stage for job gains and a broadening of the U.S. recovery.
Description: A recent report by Securities and Exchange Commissionâ€™s inspector general shows that the investigation of Bernard L. Madoff was not the only one to go badly awry. While the impact of the S.E.C.â€™s missteps were not nearly as significant as in the Madoff case, the report shows that the agencyâ€™s enforcement division allowed itself to be manipulated by a company it should have been investigating more thoroughly while allowing former staff members to influence its decisions on how to proceed.
Description:Â Long-duration investing is about finding well-established companies to buy and hold for the next 10 years, according to fund manager Bill Smead, who favors pharmaceutical, housing and equity-fund plays. Matt Andrejczak reports.
Source: Marketwatch.com â€“ video report
Â Date: 03/16/2010
Description:Â A year and a half after Lehman Brothers’ collapse, Senate Banking Committee Chairman Chris Dodd, D-Conn., is calling for a federal investigation into the “Lehman situation” and other companies that may have fudged their balance sheets, contributing to the financial crisis.
Description: I rarely buy a stock whose debt is greater than stockholdersâ€™ equity, or corporate net worth per share. In effect, that means I wonâ€™t give a second look to about one third of U.S. stocks.
Description: Almost two years ago to the day, a team of officials from the Securities and Exchange Commission and the Federal Reserve Bank of New York quietly moved into the headquarters of Lehman Brothers. They were provided desks, phones, computers â€” and access to all of Lehmanâ€™s books and records. At any given moment, there were as many as a dozen government officials buzzing around Lehmanâ€™s offices.