As less original research is done, companies have increasingly learned how to play the "game" of lowering estimates going into the quarter.» Read More
CNBC has learned that Maurice "Hank" Greenberg has received a subpoena from the SEC and will be giving his first deposition as part of the SEC’s continuing investigation into what role, if any, he played in alleged accounting improprieties at American International Group.
New York Gov. Eliot Spitzer, who rose to political prominence by uncovering wrongdoing on Wall Street, Tuesday proposed overhauling how the state oversees financial firms to reflect their consolidation.
A report released Monday answers accusations made more than a year ago by former New York Attorney General Eliot Spitzer, who is now the state's governor.