Statue of Liberty Stands Tall Before Onslaught of Hurricane Sandy
Despite an Internet rumor to the contrary, Lady Liberty stood tall before Hurricane Sandy Monday.
As Third Bond Restructuring And Bailout Looms, Stakeholders In Greece Pass The Buck
As discussions for how a third bailout of recession-ravaged Greece would occur, positions against imposing further haircuts are coming into focus.
5 Facts Showing Just How Scared of Sandy New York Is
New York Mayor Michael R. Bloomberg told New Yorkers Sunday to be afraid, be very afraid, of Hurricane Sandy.
The One Picture That Shows The Chips Are About To Hit The Fan In New York
Flip-flopping more than any presidential candidate on the campaign trail, the New York Stock Exchange actually will be closed Monday.
Desperate Spanish Directing Violence At Banks, Themselves Over Foreclosures
Facing rising levels of joblessness and unable to make good on their obligations, the Spanish are getting suicidally desperate.
UBS Set To Slash One-Sixth Of Workforce
Swiss banking giant UBS (NYSE: UBS) is set to cut 10,000 jobs, London's Financial Times reported Friday afternoon.
Sex Sells, Even In Broke Greece
Almost every industry is suffering in Greece, crippled by unemployment. But prostitution is booming.
Pandora Crashes on Rumor of Streaming Apple Service
Shares of Pandora Media Inc. (NYSE:P) fell over 18 percent in a matter of minutes after rumors surfaced that Apple Inc. (NASDAQ:AAPL) would be announcing a streaming music service.
Utter Chaos Reigns In Greece Bailout Talks
Negotiations between the Greek government and its “troika” of international lenders appeared to be in a state of chaos Thursday.
With British GDP Up, Austerity And Olympics Both Vie For Credit
The British GDP numbers out Thursday exceeded analysts' expectations on a big boost from the Olympics. Politicians took credit too.
Fed Sticks To Fiscal Easing, High-Frequency Traders Cause Stock Market Wobble On News
A statement following a two-day meeting of the U.S. central bank led to predictably boring results. That did not stop robot stock traders from going berserk at the announcement.
US Sues Bank of America for $1 Billion, Asserting Fraud And Recklessness
The U.S. government said Wednesday Bank of America's fraud and recklessness cost taxpayers $1 billion.
Two Charts That Show Why The Crisis in Spain Is Going To Get Much Worse
Two easily overlooked charts on the state of the Spanish housing market show the situation in the country is likely to get even worse.
Massive Position On Intrade Presidential Betting Markets Causes Wild Swing, Some Suspect Manipulation
A surge in contracts on the events futures market InTrade that Gov. Mitt Romney will be elected president sparked concern about manipulation.
Greece Coalition Leader Says Previously Accepted Troika Demands 'Unacceptable'
Greek leaders say that demands made by the three big institutions that decide whether the nation gets bailout money are "unacceptable."
AIG CEO Robert Benmosche Says Government Officials Should Thank Him After Bailout
The CEO of American International Group recently complained he didn't get a "thank you" after his company repaid the bailout loan.
Confusion After EU Summit On 'Continuing Dissonance' As To What Germany, France Want
Confusion reigns after the EU summit ends, and leaders are still at odds over a future banking union.
New York Board Of Trade Dismisses Last Human Traders: A Look At Other Bygone Exchanges
Traders on Friday marked the final day of the rowdy "open outcry" practices that used to define the New York commodity trading pits.
In Spite Of Bad News, Shares In Spanish Banks Soar
Stock in publicly-traded Spanish banks rose sharply this week, in spite of bad news. What gives?
Chinese GDP Numbers Point to Economic Decline 'Bottoming Out': Economists
The slow decline in Chinese economic growth has "bottomed out" and is turning, economists said Thursday.
FBI Arrests Terrorist Would-Be Bomber In Plot To Blow Up New York Fed, 'Destroy America'
Federal agents arrested a would-be terrorist Wednesday afternoon outside the headquarters of the Federal Reserve Bank of New York.
Greece, Troika Negotiators Break Impasse On Labor Issues Ahead Of Key EU Meeting
Negotiators for Greece and three institutions that are financially rescuing the country reached a deal on aid and austerity.
Firings, Assaults, Police Raids Escalate Tense Labor Situation In South Africa's Mines
Labor strife in South Africa entered a dangerous phase this week after negotiations between strikers and mining companies broke down.
Stock Markets Around the Globe, Eurodollar Rallying on Anonoymous Rumors of Peripheral Rescue
A spike in the euro-to-dollar exchange rate has been driving a monster rally in risky assets for the past three days. But it's momentum built on quicksand.
Citigroup CEO Pushed Out Amid Conflict With The Board: Pundits
Talking heads were scrambling to explain the sudden departure of Citigroup, Inc. (NYSE: C) Chief Executive Vikram Pandit Tuesday.
Earnings Preview: Bank of America Seen With Modest Loss on Legal Charges, Headwinds
Expectations are low for Bank of America Corp. (NYSE: BAC), but that doesn't mean stock pickers aren't sweet on company shares.
Romney Economist Calls Kettle Black, Says Obama Tax Plan Doesn't 'Add Up'
A leading economist in Gov. Mitt Romney's 2012 presidential campaign criticized the Democratic tax plan on CNBC Monday.
Independence Bid To Renew Fight Over 'Scotland's Oil'
A new campaign by Scottish nationalists for independence looks like a battle over oil and natural gas royalties.
In Society Wracked By Deep Recession, Madrid's Government Intensifies Harassment Of Slum Dwellers
Residents of Madrid's most infamous slum have been asking for help for years. This week, the government sent bulldozers.
JPMorgan's Financial Results Show A Mixed Picture
The financial press fawned over the quarterly results of JPMorgan Chase & Co. (NYSE: JPM) Friday. But why?