U.S. housing, confidence data point to recovery
Larger-than-expected gains in U.S. housing prices and consumer confidence on Tuesday lent new weight to views that the economy is emerging from the longest recession since the 1930s. Read Full Article here.
U.S. judge tells Bofa, SEC to reveal more on bonuses
A federal judge asked Bank of America on Tuesday why it agreed to pay the U.S. Securities and Exchange Commission $33 million if it believed it had properly disclosed bonuses for Merrill Lynch & Co employees. Read Full Article here.
Wall Street unmoved by Goldman's trading tip-offs
Some investors are shrugging their shoulders at reports that Goldman Sachs Group Inc gives special trading advice and early access to analyst research to a select few clients, saying the practice is commonplace in the industry. Read Full Article here.
YouTube to share ad money with more video makers
YouTube, the world's most popular video sharing site, said on Tuesday it will start sharing advertising cash with users who upload the most popular clips of everything from skateboarding dogs to dancing babies. Read Full Article.
Madoff-linked firm seeks dismissal of trustee case
A firm co-founded by Bernard Madoff has asked a U.S. bankruptcy judge to dismiss a roughly $100 million lawsuit accusing it of helping to fund billions of dollars to the now-imprisoned swindler. Read Full Article here.
Zombie suppliers haunt manufacturing sector
Think this downturn was rough on manufacturers? Some analysts believe the sector's woes may worsen when demand for industrial products rebounds -- and manufacturers discover key suppliers cannot rebound with them because they are effectively -- but not yet officially -- out of business. Read Full Article here.
Four banks dominate August market in dash for trash
In late August's quiet trading, four troubled financial companies have accounted for a big piece of total volume on the New York Stock Exchange. Read Full Article here.
Tobacco seen killing 6 million people next year
Tobacco use will kill 6 million people next year from cancer, heart disease, emphysema and a range of other ills, global cancer experts said in a report issued on Tuesday. Read Full Article here.