Goodbye to all that stimulus?
The U.S. economy has been kick-started into growth but stock investors still face an uncertain outlook as Wall Street gears up for comments from the Federal Reserve and a key report on employment this week. Read Full Article here.
CIT Group files for bankruptcy
CIT Group Inc, a lender to hundreds of thousands of small and medium-sized businesses, filed for bankruptcy on Sunday, as the global financial crisis left it unable to fund itself and the recession clobbered its loans. Read Full Article here.
Madoff documents reveal incredulous, unfocused SEC
U.S. securities investigators raised repeated concern over how Bernard Madoff could be running an honest business, but never followed through on the many red flags they uncovered. Read Full Article here.
BofA reaches out to BNY Mellon chief for CEO job
Bank of New York Mellon Corp Chief Executive Robert Kelly was recently approached about taking the CEO job at Bank of America Corp , but he has shown no interest in the job, The Wall Street Journal reported. Read Full Article here.
Goldman in talks to buy Fannie tax credits: report
Goldman Sachs Group Inc is in talks to buy millions of dollars of tax credits from Fannie Mae, but the U.S. Treasury could block the deal, The Wall Street Journal reported on Sunday. Read Full Article here.
Sony shares slide despite lifting annual outlook
Shares in Sony Corp lost nearly 6 percent on Monday as investors shrugged off the electronics maker's upward revision to its earnings forecast and sold on worries over the U.S. market and a stronger yen. Read Full Article here.