A few months before MF Global collapsed in bankruptcy, some top executives at the futures firm were talking about a plan code-named "Project Honeydew" as a way of freeing-up badly needed capital and cash.
A few months before MF Global collapsed in bankruptcy, some top executives at the futures firm were talking about a plan code-named Project Honeydew as a way of freeing-up badly needed capital and cash.
The estate of Lehman Brothers is battling Bank of America and Barclays in court over the sale of Archstone, the large multifamily housing landlord that real estate mogul Sam Zell's Equity Residential is seeking to buy.
2011 proved to be a sterling year for silver, according to recently released figures from the Silver Institute.
What will the year 2012 bring? Well, it looks like: the Summer Olympics in London. After that, venturing a prediction is a tough task, but here are a few.
Shaky Europe. Political gridlock. Volatile markets.
Shaky Europe. Political gridlock. Volatile markets. Familiar themes for those who lived through this year, and investors should be ready to revisit them next year.
Gold extended its record bull run in 2011 for an 11th year as confidence in the world's financial leaders and their stewardship of fiat currencies plummeted.
As the end of 2011 approaches, the housing market is another year removed from the subprime mortgage meltdown. But the legacy of the crash remains, as homeowners, lenders, regulators and brokers alike continue to deal with falling home prices, a glut of unprocessed foreclosures and an uncertain economy.
Oracle Corp's earnings fell short of Wall Street's forecasts for the first time in a decade as software and hardware sales sputtered, sending its shares down more than 10 percent and stoking fears a global recession will hurt tech spending.
Oracle shares plummeted on Wednesday in German trading after the large software maker missed analysts' profit expectations for the first time in a decade.
In a spacious, luxury apartment perched on the leafy hills of Hong Kong, Kai-Yin Lo browses through a trove of Chinese art acquired over several decades, reflecting how her niche, scholarly pursuit has now hit the mainstream.
Americans are making progress in working down their heavy debt burden, but they are struggling to break out of another funk holding back the economy: their deep pessimism.
The estate of Lehman Brothers has sought to match Sam Zell's $1.33 billion bid for a 26.5 percent stake in Archstone, sharpening the rivalry for the multifamily housing giant.
A dash for cash has overwhelmed gold's traditional status as a haven from risk, putting the metal on course for its first quarterly fall since end-September 2008, when the global credit crunch was at its worst.
Jefferies Group Inc. (JEF), a mid-market pure play investment bank that has been battered for weeks by a steady feed of negative rumors, has more bad news to share. The firm is slashing 11 percent of its workforce, mainly in its equities division, as investors remain skeptical about the company’s ability to stay independent.
Archstone, the national multifamily giant in the midst of an ownership struggle, announced on Tuesday it had purchased a Manhattan apartment tower for $131 million.
The bankruptcy estate of Lehman Brothers Holdings Inc. is preparing to make a $1.33 billion bid for part of apartment owner Archstone that it does not already hold, according to a report in The Wall Street Journal.
The following comments were made on Thursday at a House Agriculture Committee hearing to examine the bankruptcy of MF Global. It was the first hearing to bring the major players together since the firm's collapse.
Lehman Brothers Holdings Corp is about to take its last step toward exiting a more than three-year-long bankruptcy process, a move that should enable it to begin paying back investors next year.
Over the past few days, Lehman Brothers has announced several actions one might not expect from what is arguably the most notorious bankrupt company of the last decade. It is looking to name a new board of directors and is engaging in a bidding war for another company.
You can't blame investors for feeling a bit hesitant regarding deploying new money in the U.S. stock market these days. Lingering concern about Italy's finances, along with below-trend U.S. GDP growth has created an uncertain U.S./Europe economic outlook. Where's the Dow likely to head in the next six months?
