*Japan, Europe tumble after weak data from China, euro zone. Overseas shares ended sharply lower, closing before U.S. equities staged a late-day recovery, pressured as weak data in Europe and China underlined the uncertain growth outlook.» Read More
Some of the money that fled stocks for safe harbors like money-market funds and government bonds is beginning to return. Even with trillions still sheltered on the sidelines, some $56 billion has poured into equity funds since April.
A Wells Fargo executive who oversees foreclosed properties hosted parties and spent long summer weekends in a $12 million Malibu beach house, moving into the home just after it had been surrendered to Wells Fargo to satisfy debts, neighbors said.
A new study finds that the recession has left many jobless workers struggling to cope with the psychological stress caused by becoming unemployed in a weak economy.
In the Great Recession and today’s era of de-leveraging, much is being made of the so-called “fulcrum security”.
Creditors who are owed a total of more than $20 million have endorsed Michael Vick's plan to pay them back and emerge from bankruptcy, according to a court filing.
The rate at which credit card holders fell behind on their payments was far worse in the second quarter than it was last year, but did improve sharply from the alarming level seen in the first three months of 2009.
The brightly illuminated room looks like mission control for a space flight. Seven people, wearing headphones, stare intently at computer screens. Three minutes before the deadline, a disembodied voice exclaims, “We have coverage.”
If you’re like most credit card customers, you’ve gotten notes from your bank in recent weeks.
Africa's investment fortunes are shifting, as the 'Dark Continent' becomes gradually less depended of its main trading partner, Europe, and attracts investor from fast-growing emerging countries.
Hard times are causing more homeowners to fall behind on their property taxes. But in thousands of cases, they are not responsible to their local governments, but to private companies that charge double-digit interest and thousands of dollars in service fees.
After time away from the world of chapter 11 and distressed investing, hedge funds are back in town searching bankruptcies for debt to trade.
Foreign demand for long-term U.S. financial assets rebounded in June even though China and Russia trimmed their holdings.
It has been 48 days since Michael Jackson died, and while family members of the late pop star are still at war with the executors of his estate, the answer to another question—how much the singer is worth in death—is becoming clear.
Today, loans to debtors-in-possession — i.e., DIP loans — are all the rage....As investors are looking for ways to put money to work, they are setting their sights on the DIP loan market as a way to realize meaningful returns.
The noxious penalty imposed on American Express and Discover consumers who exceeded their spending limit has finally died, quashed by legislation signed in May by President Obama to ease onerous fees for cardholders.
Government bonds are a "very problematic" investment right now because of a large number of issuances and because they have been pushed down by the latest rally in stocks, Uwe Parpart, chief economist and strategist at Asia Cantor Fitzgerald, told CNBC Monday.
The Federal Reserve says consumers paid down their credit cards and reduced other debt in June for the fifth straight month as they rebuild savings battered by the recession.
Ready for a good scare? The national debt clock is now online, and it's brought 38 of its evil statistical friends with it to freak you out.
The Bloomberg administration has accused Lehman of shortchanging the city of $627 million in corporate and other taxes, beginning in 1996. It is now trying to convince federal bankruptcy court in Manhattan that the city should jump closer to the front of Lehman’s long line of creditors.
As the effects of the economic collapse began pouring down Main Street, the government last year was left holding a record $2.1 billion in write-offs of small business loans it had guaranteed.