The Australian central bank's top dog may have broken central bankers' seemingly unshakable code of avoiding comments on where interest rates are headed.» Read More
Following are the day’s biggest winners and losers. Find out why shares of Deere and UnitedHealth popped while Lockheed Martin and Moody’s dropped.
The Obama administration on Tuesday sent Congress legislation seeking to tighten government oversight of Wall Street's credit rating agencies and stem potential conflicts of interest in their business practices to protect investors.
Crisis-stricken Ireland's debt rating has been downgraded by Moody's amid mounting worries about the country's public finances and the cost of the government's bailout of the banking system.
Following are the day’s biggest winners and losers. Find out why shares of Palm and Fortress popped while Home Depot and Moody's dropped.
One year after urging regulators to guide Lehman Brothers toward a recapitalization and recognition of its losses, hedge fund manager David Einhorn is making more potentially prescient speeches—this time about ratings agencies and gold.
“We’re about to have a big problem,” one real estate expert told the New York Times. “Foreclosures were bad last year? It’s going to get worse.”
Even though Warren Buffett always says he likes stocks more when they're cheaper, he didn't do a lot of buying as Wall Street's major indexes fell to their bear-market lows (so far) in early March. Berkshire Hathaway's first quarter stock portfolio snapshot shows no blockbuster buys. A few stakes did, however, get bigger during the first three months on the year.
The Obama administration’s plan to help millions of troubled homeowners avoid foreclosure by reducing the size of their mortgage payments is just getting off the ground.
As talk of the United States' ability to keep its AAA rating resurfaced Wednesday, one analyst told CNBC that the impact could be prove a major drag on the strength of the dollar.
Clear Channel, the nation’s largest radio station operator and an outdoor billboard company, last year became the biggest leveraged buyout ever in the media business, after it was taken private by Thomas H. Lee Partners and Bain Capital. Now its revenues are plunging and so is its cash flow, making it harder to meet the payments on the billions in debt accumulated in the process of buying out its public investors. If it violates some of its loan agreements, those interest payments rise sharply.
Warren Buffett's Berkshire Hathaway has lost its coveted top-level credit rating from Moody's Investors Service, but a well-known Buffett watcher says the move will have only a very small impact on the company. Tonight Moody's downgraded Berkshire by two notches to Aa2 from Aaa. The ratings agency says severe stock price declines and the U.S. recession have weakened an important Berkshire reinsurance subsidiary.
Moody’s Investors Service assigned a negative outlook to the creditworthiness of all local governments in the United States, the agency said Tuesday.
Instead of asking what Warren Buffett has been buying, we should have been wondering what he's been selling. Berkshire Hathaway's stock portfolio snapshot for the end of the fourth quarter reveals its holdings in Johnson and Johnson have been slashed by more than half.
Stocks skidded as the unraveling of one of the biggest deals this year overshadowed gains in the energy sector.
Stocks ended lower as the unraveling of one of the biggest deals this year overshadowed gains in the energy sector.
Stocks declined Monday as many investors were still away on holiday in this typically low-volume week between Christmas and New Year's.
U.S. stock market futures pointed to a slightly higher open for Wall Street as many investors were still away and with thin trading in Europe and Asia.
Warren Buffett's Berkshire Hathaway sharply increased its stake in ConocoPhillips this spring and summer, accumulating a total of 84 million shares as of the end of the third quarter on September 30, according to Berkshire's just-released quarterly portfolio filing with the SEC.
A series of companies reported earnings Wednesday, offering a mixed picture and generally cautious outlooks.
The American housing market, where the global economic crisis began, is far from hitting bottom, says the New York Times.