U.S. lawmakers pressured the top U.S. accounting rulemaker for new guidance on mark-to-market accounting within three weeks or face legislation to change the rule that has forced banks to record billions of dollars in asset writedowns.
U.S. stocks fell in choppy trade and the Nasdaq slid to a fresh 6 and 1/2-year low on Monday as shares of the biggest drugmakers fell after Merck's proposed a $41 billion takeover of Schering-Plough .
U.S. stocks fell in choppy trade and the Nasdaq slid to a fresh 6 and 1/2-year low on Monday as shares of the biggest drugmakers fell after Merck's proposed a $41 billion takeover of Schering-Plough .
U.S. stocks fell in choppy trade and the Nasdaq slid to a fresh 6 and 1/2-year low on Monday as shares of the biggest drugmakers fell after Merck's proposed a $41 billion takeover of Schering-Plough .
U.S. stocks fell in choppy trade and the Nasdaq slid to a fresh 6 and 1/2-year low on Monday as shares of the biggest drugmakers fell after Merck's proposed a $41 billion takeover of Schering-Plough .
U.S. stocks fell in choppy trade and the Nasdaq slid to a fresh 6 and 1/2-year low on Monday as shares of the biggest drugmakers fell after Merck's proposed a $41 billion takeover of Schering-Plough .
Former Qwest Communications International Inc Chief Executive Joseph Nacchio on Friday asked a U.S. court to let him stay free on bail while he appeals his insider trading conviction, just over two weeks before the day he is set to report to prison.
Crotonville, we have a problem.
The U.S. Federal Reserve refused to identify trading partners benefiting from a $180-billion taxpayer bailout of American International Group as one lawmaker said Europe's financial stability was at stake in the rescue of the insurer.
Sales of previously owned U.S. homes tumbled 7.7 percent in January and auto sales plunged to an almost 30-year low last month, according to reports on Tuesday that indicated the economy's downward spiral was gathering speed.
On February 26, Veterans for America, VFA, issued a statement urging President Barak Obama to address the dire conditions on the military bases and in communities in the United States.
The Dow industrials and the S&P 500 rose on Thursday as news the Obama administration could request more money to shore up ailing banks sent financial shares higher, offsetting declines in healthcare companies.
Banks, whose health has been a concern for investors and pulled the market to 12-year lows on Monday, were a standout.
Shares of Bank of America gained 8 percent to $5.5...
On a snowy hillside in rural southwest Pennsylvania, Larry Grimm drives his truck up a steep gravel track to a hilltop reservoir surrounded by orange plastic fencing and keep out signs.
have truly outstanding fundamentals, it seems to me that you ought to be thinking about that as investors and not just the short-term concerns.
The deal will allow Nova to strengthen its balance sheet so it can keep operating and expanding, the companies said. IPIC agreed to give Nova a $250 million backstop facility to improve its liquidity.
Meanwhile, Nova won a new $150 million credit faci...
Abu Dhabi state-owned International Petroleum Investment Co launched a $500-million takeover bid for Nova Chemicals Corp on Monday, a friendly deal to rescue the raw plastics maker from severe financial pressure due to its high debt.
Under the deal, IPIC is offering $6 a share for all of the outstanding shares of Nova Chemicals, which is based in Canada but has its executive office...
The publisher of The Philadelphia Inquirer and Daily News said on Sunday it filed for Chapter 11 bankruptcy protection, marking the latest milestone in a crumbling of the U.S. newspaper business.
In a statement, Philadelphia Newspapers LLC blamed its filing on a rare trifecta of a dramatic decline in revenue, the worst economic crisis since the Great Depression and a debt structure out of line ...
Stocks were little changed on Thursday as a fresh dose of data pointing to more labor market weakness offset a search for beaten-down shares and optimism spurred by Nestle's strong results.
A government report showed that the number of U.S. workers continuing to claim jobless benefits jumped to a record in the first week of February.
That was followed by a report showing factory...
Vice Dean Tom Colligan Appoints Judy McHugh Executive Director of the Wharton Executive Education Team
Consumer confidence rose to a four-month high in January, helped by optimism that President Barack Obama's new administration might bring relief from a year-long recession, a survey showed on Friday.
Bruce Springsteen's Super Bowl performance will offer fans a taste of what's to come in his world tour.
Appointments Include J.J. Cutler, Director of MBA Admissions and Financial Aid; Ira Rubien, Executive Director of Communications; Leonard Lodish, Vice Dean of the Program for Social Impact; and Douglas H. Collom, Executive Director of Wharton West.
A Pennsylvania man considered a bank error as 'a gift from God' when $ $177,250 was deposited into his joint account with his wife at FNB Bank last summer.
