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CENTENNIAL, Colo.-- Penford Corp. said Wednesday that it found accounting errors in its financial statements for the first two fiscal quarters of 2013 and the past three fiscal years, leading to a restatement of its results for those periods.
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Quantitative easing measures and monetary policy in the United States will kill the dollar quickly unless there are balances to it as a global currency, Zhu Min, executive vice president of the Bank of China told CNBC Wednesday.
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John Castellani, president of the Business Roundtable, sees a light at the end of the economic tunnel despite significant pressures that the global economy continues to put on U.S. businesses.
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"If there is a secret to Dimon’s success, it may simply be this: unlike many Wall Street executives he has a capacity for continual, critical self-examination, both of himself and the organization he runs," writes author Patricia Crisafulli.
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It was a mistake to take so much TARP money from the government and, unfortunately, it will take a while to pay back Ken Lewis, the chief executive of Bank of America, told CNBC Thursday.
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Auto industry legends weigh in on President Obama’s push for the right solution.
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The A.I.G. executive who was nicknamed “Jackpot Jimmy” by a New York tabloid walked up the driveway toward his bay-windowed house in Fairfield, Conn., on Thursday afternoon. "How do I feel?” said the executive, James Haas, repeating the question he had just been asked. “I feel horrible. This has been a complete invasion of privacy," the New York Times reported.
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Stocks went four for four Friday in a dramatic win that delivered stocks their best week since November.
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Although the recent euphoria has waned somewhat, the market surged upward this week on hopes that the nation's leading banks were turning a corner.
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Stocks opened slightly higher Friday amid some much-needed good news from banks.
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Futures pointed to a fourth straight session of gains Friday amid some much-needed good news from banks.
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New York State Attorney General Andrew Cuomo, Rep. Barney Frank and other lawmakers are discussing a plan to link executive pay to the long-term performance of companies, the Wall Street Journal said.
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At the risk of redundancy I'll ask it again: Is he? Is President Obama effin' CRAZY? President Obama blames the continuing global financial crisis for the unmitigated carnage on Monday, when the Dow fell below 7000 and closed down 300 points (or 4.2%) at a 12-year low of 6763.
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AIG CEO Edward Liddy told CNBC that the big insurer is far more stable but added it's "difficult to say" if AIG will need even more government bailout money.
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Shares of Sony closed half a percent lower Monday after the electronics maker said CEO Howard Stringer would double up as president and directly oversee the electronics division at the centre of its problems.
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Real estate mogul Donald Trump thinks we're on the verge of a new era of Big Government ... and he's planning to profit from it.
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Sony sent a message of change Friday in centering power in Chief Executive Howard Stringer, who will also become president and gain greater say over its core electronics business as Japan's iconic electronics maker tackles a painful global slump.
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For some, the economic downturn has induced a “take no prisoners” attitude and for others, they find themselves bending over backwards to appease everyone and anyone in sight. The reality is that both strategies are short lived and unproductive.
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Executives of the biggest oil companies are taking their case for expanded offshore drilling to Congress, even as Democratic congressional leaders and the Obama administration promise to put some limits on energy development along the nation's coasts.
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Anybody out there got the super-secret e-mail address for President Obama, the Blackberry addict? How about a cell-phone number for Treasury Secretary Timothy Geithner?
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