Lehman Brothers' former chief executive said he only learned of Lehman's use of a controversial accounting technique a year after the investment bank filed for bankruptcy in September 2008.
U.S. sellers of everything from cosmetics to cruises to car rentals were scrambling for options after a tower of ash from an Icelandic volcano turned much of Europe into a no-fly zone.
Thousands of young children are accidentally poisoned by tobacco products each year in the U.S., and new dissolvable tobacco products that resemble candy might pose an additional risk, according to researchers.
Citigroup Inc posted a $4.43 billion first-quarter profit, its best result in nearly three years, as the economic recovery reduced the bank's credit losses and increased prices on even its worst assets.
The U.S. Commerce Department could decide this week whether to launch a groundbreaking investigation into charges China is subsidizing exports of an aluminum product by undervaluing its currency, a government official said on Monday.
For U.S. industrial companies, this quarter's earnings season could bring the first concrete evidence an awaited economic recovery has arrived.
The United States will take action if China does not begin to take steps in the coming months to raise the value of its currency, a top lawmaker in the U.S. House of Representatives warned on Monday.
The four biggest brokerage companies dominate the U.S. wealth management space, but independent and regional firms are catching up as they gained clients and assets after the 2008 downturn.
Toyota Motor Corp has agreed to pay a record $16.4 million fine to U.S. safety regulators to settle a complaint that the company delayed a recall over defective accelerator pedals, but denied violating U.S. regulations.
When Lehman Brothers Holdings Inc's embattled former chief executive Richard Fuld faces U.S. lawmakers again on Tuesday, he will blame a perfect storm for the firm's collapse and defend Lehman's use of a controversial accounting technique.
Goldman Sachs Group Inc said the bond trader at the center of a landmark civil fraud case against the firm is taking time off, and the regulatory fallout on Wall Street threatened to widen.
President Barack Obama will take his push for tighter financial regulation to New York on Thursday, with Wall Street reeling from the Goldman Sachs case and the Senate only days from a pivotal vote.
Airbus parent EADS is poised to bid alone for a U.S. refueling plane deal valued at up to $50 billion after failing to recruit L-3 Communications Holdings or another major company as a key supplier, sources familiar with the matter said.
Fiat SpA unveils its first strategic plan this week since teaming up with U.S. carmaker Chrysler and CEO Sergio Marchionne could outline a timeframe two years ahead for selling stakes in a combined company.
Former Lehman Brothers Holdings Inc Chief Executive Richard Fuld will tell U.S. lawmakers on Tuesday that he was not aware of off-balance-sheet transactions that some have blamed for hiding Lehman's true financial state ahead of its collapse.
U.S. stocks fell on Monday as a fraud case against Goldman Sachs weighed on the market for a second day, overshadowing positive Citigroup earnings and upbeat economic data.
Halliburton Co , the second-largest oilfield services company, posted a higher-than expected quarterly profit on strength in North America and said the industry's outlook had improved.
The high U.S. jobless rate and low inflation mean the Federal Reserve will likely keep its near-zero interest-rate policy in place for quite some time, a top Fed official said on Monday.
Russian Internet investment group Digital Sky Technologies, which bought a $300 million stake in Facebook last year, has led a $135 million investment round in Chicago-based social-commerce website Groupon.
Wall Street fell on Monday as a fraud case against Goldman Sachs weighed on the market for a second day, overshadowing positive Citigroup earnings and upbeat economic data.
A gauge of the U.S. economy's prospects rose more strongly than expected to a record high in March, pointing to a steady economic recovery, a private research group said on Monday.
Citigroup Inc posted a $4.43 billion first-quarter profit, its best result in more than two years, as the global economic recovery lifted the values of its worst assets and allowed the bank to set aside less money to cover credit losses.
