AMSTERDAM, July 28- An international arbitration panel in the Netherlands on Monday ordered Moscow to pay $51.57 billion in damages to shareholders in the defunct oil giant Yukos, saying officials under President Vladimir Putin had manipulated the legal system to bankrupt the company.» Read More
The lawyers, accountants and restructuring experts overseeing the remains of Lehman Brothers have already racked up more than $730 million in fees and expenses, with no end in sight.
The surface area of a catastrophic Gulf of Mexico oil spill quickly tripled in size amid growing fears among experts that the slick could become vastly more devastating than expected.
Officials from BP have successfully tested a chemical that attaches itself to oil and weighs it down to the ocean floor, where there are natural forces that absorb the oil, CNBC has learned.
The question for markets in the week ahead will be whether to ride a wave of better economic and earnings news—or give in to a growing list of worries.
News of a criminal inquiry into Goldman Sachs comes just as investors are increasingly focused on the idea that financial regulatory reform may have sharper teeth for the industry than previously expected.
Oil analysts and environmental experts say the economic impact of the Gulf coast oil spill could grow dramatically, as the leak continues and the slick spreads.
Efforts to close the tax-rate loophole that private equity and hedge funds pay on profits seems to be heating up. Are lawmakers taking a second look?
David Sokol, a key Warren Buffet lieutenant, told CNBC that it would be a “disaster” if Congress enacted retroactive legislation that voided contracts dealing with derivatives.
Real GDP increased about $162 billion since the second quarter of 2009, when the economy bottomed out. Wall Street for 2009 paid out bonuses of nearly $150 billion on profits twice that amount. The rest of the economy, on balance, went backwards.
TD Ameritrade chairman Joe Moglia told CNBC Friday that his clients—individual investors—are regaining confidence in the stock market and increasing their equity holdings.
Assuming that regulators decide that banks are indeed too large, how might a reduction in size be accomplished, writes William Dunkelberg, Economics Professor at Temple University.
Noisy protesters with signs took over two bank building lobbies on Thursday in a prelude to a Wall Street rally by workers and union leaders angry over lost jobs, the taxpayer-funded bailout of financial institutions and questionable lending practices by big banks.
Heard the one about the two economists and a lawyer? But, maybe the more apt question is, heard the one about three doves, or about two doves and a sometimes hawk?
After three entire days, the Republicans finally relented Wednesday after reducing bailout language in the current Dodd bill, but the debate and amendment process is just beginning.
Every now and then an idea takes hold that is, conceptually, so elegant and alluring as to be nearly irresistible. Resolution authority – like the call of the Sirens – has enchanted every US official who was in a decision-making capacity during the financial crisis.
Workers and union leaders angry over lost jobs, the taxpayer-funded bailout of financial institutions and questionable lending practices by big banks are planning to rally on Wall Street.
With Shanghai preparing for the World Expo, stores have moved bootleg DVDs and CDs to back rooms as China hides a trade that is usually out in the open, the New York Times reports.
Sen. Claire McCaskill called Goldman Sachs "the bookie" in selling synthetic CDOs. Now, real bookies are putting odds on what happens next to the Wall Street giant.
The job of a market maker is to determine a price at which the trader is willing to buy a particular product AND a price at which that same trader will sell that same product at the same moment in time. Yes – a market maker will give you a price to buy, or sell – and they are generally indifferent to what you do, they just want you to do business.
Unless Wall Street gets back to the business of business—creating value—both Wall Street in general and the public at large are in for a continuous spectacle of scapegoats and politicians.