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  • Lehman Brothers Laying Off 5% of Global Workforce Monday, 10 Mar 2008 | 1:36 PM ET

    Investment Bank Lehman Brothers is laying off 5 percent of its work force across all lines of its business, CNBC has learned.

  • Merrill Shares Fall; To Quit Subprime Business Thursday, 6 Mar 2008 | 11:03 AM ET

    Merrill Lynch on Wednesday said it will eliminate 650 jobs as it stops making subprime mortgages through its First Franklin Financial unit.

  • Gold lost some of its luster today after U.S. Treasury Under Secretary David McCormick gave support to the idea of International Monetary Fund gold sales. Earlier today, the Treasury, in a turnaround, said it would support gold sales from the IMF's reserves if they are part of a package reforming the way the organization operates.

  • As of Friday, 441 (just under 90%) of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...

  • Morgan Stanley Unit Top Bidder for Daewoo Electronics Thursday, 14 Feb 2008 | 11:12 PM ET

    unit of U.S. investment bank Morgan Stanley was named as a top bidder to buy South Korean appliance and television maker Daewoo Electronics, a leading creditor for Daewoo said on Friday.

  • International Growth Once Again "Big Deal" Thursday, 14 Feb 2008 | 9:22 AM ET

    The story is on international growth today. Marriott beat, and along with everyone else on the planet reported stronger revenues (revenue per available room, or RevPAR, in this case) internationally than domestically: up 9.2 percent vs. 6.2 percent. First quarter guidance a tad below expectations. Remember, Starwood cut its 2008 forecast a short while ago.

  • Market Insider/Thursday Look Ahead  Wednesday, 13 Feb 2008 | 9:17 PM ET

    Will stocks get a Bernanke bounce? That's certainly what some traders are hoping for ahead of Fed Chairman Ben Bernake's testimony before the Senate Banking committee Thursday. But of course, there's always the chance his comments could bring on a Valentine's Day massacre.  

  • Morgan Stanley to Fire 1,000 Mortgage Workers Wednesday, 13 Feb 2008 | 1:37 PM ET

    Morgan Stanley said it will cut 1,000 jobs as the nation's second-largest investment bank trims its residential mortgage operations amid the continued deterioration of the mortgage markets.

  • UBS Names New Head of Investment Bank Wednesday, 13 Feb 2008 | 8:15 AM ET

    Swiss bank UBS has named Jerker Johansson as head of its investment bank, ending a protracted search that followed the shock write-down of billions of dollars of assets linked to the U.S. subprime crisis.

  • China, JC Flowers to Help Ailing Banks? Friday, 8 Feb 2008 | 4:34 AM ET

    China Investment Corporation (CIC), the Chinese sovereign wealth fund, is near a deal with  private equity group JC Flowers to put about $4 billion into a new fund to invest in ailing financial institutions, the Financial Times reported.

  • American Express Drags Down Blue Chips Monday, 4 Feb 2008 | 4:54 PM ET

    Stocks closed lower, led by financials, after brokers downgraded several big names in the sector, including American Express.

  • To date 291 (just under 60%) of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...

  • Financial Downgrades Depress Stocks Monday, 4 Feb 2008 | 12:56 PM ET

    Stocks opened lower on Wall Street Monday, led by financials, after brokers downgraded several big names in the sector, including American Express.

  • Corporate Giving to Candidates Hits New Highs Monday, 4 Feb 2008 | 12:15 PM ET

    Corporate America is pouring money into the U.S. presidential campaign at an unprecedented rate, with a torrent of donations coming from the businesses behind the subprime mortgage crisis.

  • Stocks Depressed, Traders Psyched Monday, 4 Feb 2008 | 11:53 AM ET

    Stocks opened lower on Wall Street Monday, led by financials, after brokers downgraded several big names in the sector, including American Express.

  • Financials Lead Stocks Lower Monday, 4 Feb 2008 | 11:06 AM ET

    U.S. stocks opened lower Monday.  Microsoft's bid for Yahoo, seen as a sign that many equities are attractively priced relative to value,  inspired some investors.

  • Morgan Stanley Cuts Around 150 Jobs in London Friday, 1 Feb 2008 | 11:10 AM ET

    Morgan Stanley is cutting about 150 jobs in London, the vast majority coming from the back office, a source familiar with the situation said on Friday.

  • Morgan Stanley CEO Sticking With Trading Strategy Wednesday, 30 Jan 2008 | 10:27 AM ET
    John J. Mack

    Morgan Stanley CEO John Mack has told senior advisers that the firm will continue to make bets in the bond and stock markets despite recent subprime-related trading losses that led to a $9.4 billion writedown in the fourth quarter, CNBC has learned.

  • Feds Investigate Banks Over Subprime Lending Tuesday, 29 Jan 2008 | 4:27 PM ET

    Bear Stearns, Goldman Sachs Group and Morgan Stanley said Tuesday that government investigators are seeking information from them about their subprime mortgage activities.

  • Investment banks Goldman Sachs and Morgan Stanley said Tuesday they had received official requests for information and had been named in law suits related to their subprime mortgage businesses.