(NEW YORK)Lehman Brothers Holdings Inc. will begin to cut about 5 percent of its staff on Monday as part of an overall plan to streamline its balance sheet amid further turbulence in the fin...READ MORE
(NEW YORK)The Dow Jones Industrial average closed higher on Thursday, led by automaker General Motors Corp., after the automaker reached a tentative agreement with the Canadian Auto Workers ...READ MORE
(NEW YORK)Shares of commercial banks mostly ended higher Thursday, along with the broader market as investors were relieved by a pullback in oil prices and some better-than-expected economic...READ MORE
(WASHINGTON)Retailers and consumer groups will take a swipe at the credit card industry Thursday, as they urge members of Congress to change the way card companies set the fees merchants pay o...READ MORE
(NEW YORK)Diversified financial-services companies' mostly closed higher on Wednesday as Wall Street got a boost from better-than-expected consumer data that alleviated some fears about infl...READ MORE
(WASHINGTON)Investment banks should be regulated more like commercial banks if they're going to get the same kind of help from Washington, former Federal Reserve chairman Paul Volcker said Wed...READ MORE