After raising $25 million at its inaugural auction in China earlier this year, Christie's will tackle another first next week: an auction in India.» Read More
In the last few weeks, a number of big banks have successfully bundled and sold new securities backed by commercial real estate loans. The NYT Reports.
Lawmakers and governors in many states, faced with huge shortfalls in employee pension funds, are turning to a strategy that a lot of private companies adopted years ago, reports the New York Times.
The lion's share of our recent economic gains have accrued to the relatively rich, while moderate- and lower-income Americans continue to suffer from high unemployment, weak income growth, high debt burdens, falling home prices, reduced access to credit, and inadequate retirement savings.
New York court officials outlined procedures Tuesday aimed at assuring that all homeowners facing foreclosure were represented by a lawyer, a shift that could give tens of thousands of families a better chance at saving their homes. The New York Times reports.
Russia boasted 114 dollar billionaires at the end of last year, according to an annual ranking of the country’s richest 500 published on Monday by Finans magazine. The new record represents a remarkable comeback for a breed that seemed endangered when Russia’s stock market hit rock bottom in February 2009.
While many foreclosures are still unopposed, courts are seeing a sharp rise in cases where defendants show up representing themselves, the NY TImes reports.
Worried that your online presence will outlive you? Dont' be. The New York Times reports.
Sort of rich people feel bad about themselves because the truly rich are really richer.
Federal regulators are investigating whether California violated securities laws and failed to provide adequate disclosure about its giant public pension fund, according to a person with knowledge of the investigation. The New York Times reports.
Behind the screen, the burdens of life as Bernie Madoff’s son — the continuing suspicion from the public, the harsh accusations in numerous lawsuits, and his exile from the world of Wall Street — steadily became unsustainable.
Retailers are adding features like aromas, photos and recorded messages to make gift cards more attractive.
Investor exuberance as evidenced in a recent survey of fund managers may have foretold the current market selloff.
While the growth of income inequality in the United States is shocking and is surely transforming the economic and political landscape, that transformation may be very different from what many analysts expect.
New research shows that one of the first signs of impending dementia is an inability to understand money and credit, contracts and agreements., reports the New York Times.
Bank of America and GMAC are firing up their formidable foreclosure machines again, after a brief pause, but homeowners are asking why lenders often balk at short sales. The New York Times reports.
Economics was founded by moral philosophers, and links between the two disciplines remain strong. So why won’t economists make judgments on the gap between rich and poor?
The rich are sitting firmly in the public cross hairs, especially as the economy continues to stumble. Reports that Wall Street bonuses will again be high, and the debate in Congress over tax increases for the wealthy, just add to the outrage.
Warren Buffett keeps his #2 slot on the new Forbes 400 list of the Richest Americans, released tonight (Wednesday). The magazine estimates Buffett's fortune at $45 billion. That's $5 billion more than last year's $40 billion.
A growing number of people in their 50s and 60s who desperately want or need to work to pay for retirement are starting to worry that they may be discarded from the work force — forever.
In the debate over the effect of the expiring Bush tax cuts on small business, it’s already possible to do the math. And the Obama administration is pointing to the tax savings that all small-business owners would reap from its own plan to extend the cuts at all but the highest income levels — if, that is, the alternative is letting the cuts expire altogether.