As less original research is done, companies have increasingly learned how to play the "game" of lowering estimates going into the quarter.» Read More
NEW YORK, Oct 10- Last week, New York Attorney General Eric Schneiderman, who is the co-chairman of the Residential Mortgage-Backed Securities Working Group- which President Obama formed earlier this year to investigate who was responsible for the misconduct that led to the financial crisis- filed a complaint against JPMorgan Chase.
ALBANY, N.Y.-- While New York Attorney General Eric Schneiderman alleges massive fraud in mortgage-backed securities in a lawsuit filed this week, he's not criminally prosecuting anyone. The civil suit claims misconduct by Bear Stearns& Co. in 2006-2007 cost investors $22.5 billion in losses and left them holding an additional $30 billion in bad loans.
The Supreme Court heard arguments on Tuesday in a case that could change the way big banks are regulated.
Disgraced former Gov. Eliot Spitzer is working as a commercial real estate investor and has bought an office building just a block from the site of the infamous encounter with a high-class prostitute that led to his downfall.
Former New York Gov. Eliot Spitzer is looking at a number of options to possibly invest in distressed real estate, but does not yet have a formal plan, according to a source familiar with the matter.
Gov. Eliot Spitzer's resignation was cheered by some power brokers on Wall Street, who resented what they onsidered his heavy-handed and self-righteous ways.
With the resignation of Eliot Spitzer, Lt. Governor David A. Paterson will become New York's first African-American governor and the first-ever legally blind governor in U.S. history.
The prostitution scandal involving New York Gov. Eliot Spitzer lays bare some of the inner workings of modern-day sex work: text messaging to clock in the client, electronic fund transfers, a Web site featuring color photos, prices and rankings.
Eliot Spitzer resigned as governor of New York after being implicated in a prostitution ring. He will be succeeded by Lt. Gov. David Paterson.
The criminal investigation that discovered Governor Eliot Spitzer's tryst began last year in a nondescript office building opposite a Dunkin’ Donuts on Long Island, according to law enforcement officials.
If Eliot Spitzer resigns, he would be succeeded by Lt. Governor David A. Paterson, who would become New York's first African-American governor and the first who is legally blind.
Eliot Spitzer took office as New York's governor on the first day of 2007, with a record margin of victory. But his first year as governor was rocky and his reform-based platform hit early roadblocks.
Though Wall Street has been quick to judge the character failings of Gov. Eliot Spitzer following his alleged participation in a prostitution ring, the man’s record as a crime-fighter against Wall Street and Corporate America drew mixed reviews.
With pressure mounting to resign over a call-girl scandal, Gov. Eliot Spitzer found himself with few friends and lots of powerful enemies, many of whom regard him as a bully.
Securities and Exchange Commission Chairman Christopher Cox said Tuesday that the SEC's agreement with the Commodity Futures Trading Commission brings the two regulatory bodies closer to integrating their responsibilities.
New York Gov. Eliot Spitzer faces pressure to resign on Tuesday as well as questions about whether he will be prosecuted for any crime after a report linked him to a high-class prostitution ring.
Depends on which direction you think the economy goes in 2008. Here's what Cramer said.
Stocks lost ground as oil reached another new high and Gov. Eliot Spitzer is accused in news reports of being involved with a prostitution ring. What's the word on the Street?
Gov. Eliot Spitzer, accused of being involved in a prostitution ring, apologized in a hastily called news conference but did not resign.
The New York Times reports that Gov. Eliot Spitzer has informed his most senior administration officials that he had been involved in a prostitution ring.