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  • AIG, Wal-Mart Hurt Dow as Oil Tops $120 Thursday, 7 Aug 2008 | 4:50 PM ET

    Stocks ended near session lows as oil ended above $120 a barrel and two Dow components missed the Street's targets.

  • US Fraud Lawsuit Against UBS Dismissed Wednesday, 30 Jul 2008 | 4:17 AM ET

    A lawsuit against UBS alleging that the Swiss bank engaged in fraud related to holdings of a fund in loss-making company Endwave was dismissed by a New York Supreme Court judge, court documents showed.

  • Merrill Writedowns Could Be Watershed For Banks Tuesday, 29 Jul 2008 | 1:52 PM ET
    The New York Stock Exchange, downtown New York City.

    Merrill Lynch's latest effort to shed its subprime debt could set the standard for a final round of writedowns in the financial sector.

  • UBS Target of Fraud Suit from NY Attorney General Thursday, 24 Jul 2008 | 1:01 PM ET

    New York Attorney General Andrew Cuomo filed a civil lawsuit on Thursday against UBS, accusing the Swiss bank of steering customers into auction-rate securities that this year became impossible to cash out of amid the credit crunch.

  • Market Feeling Consumer Spending Slowdown Thursday, 24 Jul 2008 | 11:41 AM ET

    This is not a good day for consumer discretionary stocks. From housing to restaurants to hotels to autos, companies are reporting notably slower sales, and they are not anticipating much of a rebound in the second half of the year.

  • NY Attorney General Could File Suit Against UBS: WSJ Wednesday, 23 Jul 2008 | 6:16 AM ET

    New York attorney general Andrew Cuomo is preparing to file civil securities-fraud charges against UBS, possibly as early as this week, the Wall Street Journal said on Wednesday.

  • Wachovia Securities HQ Raided in Auction Rate Probe Thursday, 17 Jul 2008 | 12:28 PM ET
    A Wachovia branch bank.

    Securities regulators from several states raided the St. Louis headquarters of Wachovia Securities, part of Wachovia, as part of a broad investigation into questionable practices involving auction rate securities, Missouri officials said.

  • UBS to Stop Offshore Services for US Residents Thursday, 17 Jul 2008 | 12:26 PM ET
    UBS headquarters in Zurich, Switzerland.

    Swiss bank UBS will discontinue offshore banking and securities services to U.S. residents through its branches, a UBS executive said Thursday at a congressional hearing on offshore tax havens.

  • UK's B&B Wins Approval for Troubled Rights Issue Thursday, 17 Jul 2008 | 12:15 PM ET

    British mortgage bank Bradford & Bingley won shareholder backing for a 400 million pound rights issue rescue but not until executives were quizzed on the troubled fundraising and the lender's future.

  • UBS, Liechtenstein Aided US Tax Cheats: Senate Thursday, 17 Jul 2008 | 4:42 AM ET

    A U.S. Senate subcommittee accused banks in Switzerland and Liechtenstein of helping wealthy Americans evade billions in taxes each year, and urged the establishment of tougher laws to combat offshore tax havens around the world.

  • SEC's Cox: 'Naked' Short Ban to Restore Confidence Wednesday, 16 Jul 2008 | 3:55 PM ET

    The SEC issued its emergency ruling against naked short-selling Tuesday to build investor confidence regarding market information, SEC Chairman Christopher Cox told CNBC.

  • Contrarian: Wilbur Ross Bets on an Indian Airline Wednesday, 16 Jul 2008 | 2:24 PM ET
    Wilbur Ross

    Wilbur L. Ross Jr. made an $80 million investment in the flailing Indian airline SpiceJet, saying that high oil prices are a bubble that should pop in the next 12 months.

  • SEC Limits Short Sales of Major Financial Firms Wednesday, 16 Jul 2008 | 3:56 AM ET

    U.S. securities regulators issued an emergency rule Tuesday to limit certain types of short selling in major financial firms, including Fannie Mae and Freddie Mac.

  • How to Survive the Banking Meltdown Monday, 14 Jul 2008 | 7:20 PM ET

    You thought IndyMac was it? Nope. Here's your how-to for getting through.

  • Fannie, Freddie Rattle Market Friday, 11 Jul 2008 | 6:12 PM ET

    Fearing the two largest U.S. mortgage finance companies need a government bailout, investors pushed stocks lower Friday. What's the "Word On The Street?"

  • UBS, Credit Suisse to Set Aside $68 Billion? Monday, 7 Jul 2008 | 12:52 PM ET

    Swiss authorities could require UBS and Credit Suisse to set aside an additional 70 billion Swiss francs ($68.29 billion) in capital, a newspaper reported on Sunday, citing lawmakers.

  • Tax Credit to Save UBS from Another Hefty Loss Friday, 4 Jul 2008 | 11:46 AM ET

    Battered Swiss bank UBS said on Friday it should be saved from another hefty loss in the second quarter by a large tax credit, but its shares, after a short-lived boost on the news, fell back after a Moody's downgrade.

  • Dow, Nasdaq End on Bear Turf; Oil Tops $143 Wednesday, 2 Jul 2008 | 5:56 PM ET

    The Dow Jones Industrial Average shed 1.5 percent, ending the day firmly in bear-market territory. GM took a hit as one analyst raised the prospect of bankruptcy. Lehman Brothers rose.

  • Stocks Slide as Oil Settles Above $143 Wednesday, 2 Jul 2008 | 3:31 PM ET

    Stocks were back on the see-saw Wednesday, rising and falling with each new report or flinch in oil prices.

  • Sell Into Rallies Still Rules Street Wednesday, 2 Jul 2008 | 1:59 PM ET

    We are getting just the kind of trading that would be expected: modest rally on shreds of good news, met with selling (or just buyers stepping away) midday. Remember the basic facts of the market: 1) stocks are oversold, 2) traders are extremely bearish, and 3) "sell into rallies" remains the dominant trading motif.