The compromise emerging on winding down mortgage giants Fannie Mae and Freddie Mac is a "Goldilocks deal," Sen. Bob Corker tells CNBC.» Read More
Received political wisdom is running smack into economic reality. It’s not yet clear which force will prove more powerful. For presidential contenders, the collision takes place in Michigan, Nevada and South Carolina.
Four Wall Street firms have received subpoenas from US Senate investigators who are examining whether the firms improperly structured transactions to help hedge funds avoid dividend taxes, The Wall Street Journal reported on its website.
A Congressional committee said on Monday it invited current and former chief executives of three major financial institutions -- Countrywide Financial Corp , Citigroup and Merrill Lynch -- to testify on Feb. 7 about their severance packages.
STANDISH, Mich. — This quiet town, tucked between the thumb and the rest of the fingers in Michigan’s mitten, feels worlds away from the struggling automobile factories of Flint and Detroit. But economic gloom has made its way here just as it has seeped through so much of this state.
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The brouhaha over the Food and Drug Administration's delay of the potential approval of the prostate cancer drug Provenge from the small biotechnology company Dendreon is now entering the prestigious and credible sphere of peer-reviewed scientific journals.
Royal Dutch Shell execs have been talking about the impact of high oil prices on future energy projects--but the company continues to press on with plans despite headwinds facing the sector. “Increasing supply is best way to affect the price,” says Shell Oil President John Hofmeister.
Senator John Kerry is set to endorse the presidential candidacy of Senator Barack Obama at a rally here today, the first of several high-profile Democrats expected to announce their support for Mr. Obama in his fight to win the party’s nomination.
New York Mayor Michael Bloomberg has begun detailed polling and highly sophisticated voter analysis in all 50 U.S. states as he considers an independent bid for president, associates said Wednesday.
Democrat Hillary Clinton defied the polls and narrowly upset Barack Obama in New Hampshire on Tuesday, breathing new life into her U.S. presidential campaign after finishing third in Iowa.
Voting in New Hampshire ends at 8 p.m. EST on Tuesday, with results expected to begin rolling in quickly.
A teary-eyed Hillary Clinton pushed for support on Monday as polls showed her poised for a huge New Hampshire loss to Democratic rival Barack Obama, but the former front-runner vowed to carry on with her presidential quest even if she loses.
Democratic presidential candidate Hillary Clinton battled to keep crucial New Hampshire from swinging to rival Barack Obama, but new polls showed him jumping into the lead.
Nonfarm payrolls up just 18,000, well short of expectations of 70,000, weakest since August 2003. The November number was revised upward to 115,000 from 94,000 and futures dropped ten points initially. The dollar weakened.
Barack Obama took a big step on Thursday toward becoming the first black U.S. president as his campaign for change caught fire in Iowa and swept him past Hillary Clinton in the opening Democratic nominating contest.
Stocks typically do well in a presidential election year, and some on Wall Street have already placed bets on the winner in '08.
Regardless of what happens today in Iowa, the 2008 presidential contest will come down to Hillary Clinton and Mitt Romney, according to a CNBC Trillion Dollar Snap Survey of some of the nation's top money managers, investment strategists and professional economists.
The "Dendreonians" have probably already seen it, but I wanted to call your attention to a pretty long piece that ran in the health section of the Los Angeles Times on Dec. 31st. It's about the grass-roots movement to get Dendreon's prostate cancer drug, Provenge, approved by the FDA. Here's the link.
Video clip and transcript of Warren Buffett's opening statement before the Senate Finance Committee holding a hearing on estate taxes.
The assassination of Benazir Bhutto in Pakistan immediately echoed through the U.S. presidential campaign, allowing various candidates to emphasize their national security credentials. ... But for now, the issue that has risen most rapidly in the 2008 debate is the weakening economy.
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