Flaws in flight simulator training helped trigger some of the worst airline accidents in the past decade, according to a USA TODAY analysis of federal accident records.
Once again, many in the auto industry are howling about the latest attempt by the government to push the industry toward better fuel economy. The issue is whether new cars and trucks should come with a "Guzzler Grade" on the new car sticker prices.
CNBC will track several key mid-term election contests that distill the dollars-and-cents dilemmas facing Americans as they choose new representatives, senators and governors this fall.
What was obvious at last week's annual meeting of central bankers at Jackson Hole, Wy., was that they aren't certain how to conduct policy now that interest rates are near zero. There also are big differences about what to do when things return to “normal.”
Republicans are eyeing the powerful chairmanship of the House financial services committee held by Barney Frank, the Massachusetts Democrat, as one of the biggest spoils of victory in November’s midterm congressional elections. The FT reports.
A malfunctioning algorithm that caused a $1 surge in oil prices earlier this year shows the need for regulators to zero in on the risks posed by high-speed trading, an official from the U.S. Commodity Futures Trading Commission said on Thursday.
The US Securities and Exchange Commission has vowed to bring more high-profile enforcement actions against Wall Street over the financial crisis, following last month’s $550 million settlement with Goldman Sachs.
When the European Union stepped in this spring with a €750 billion ($955 billion) rescue package to back Europe’s weaker economies, the threat of imminent default practically disappeared, the New York Times reports.
Nicolas Sarkozy on Wednesday set out his agenda for France’s forthcoming presidency of the G20 group of leading economies, proposing measures to reduce currency fluctuations, curb commodity speculation and speed up reform of international institutions.
Some federally insured banks say that they will continue to make speculative bets using their own money on behalf of clients, even as the new rules go into effect over the next few years. The New York Times reports.
The present administration is waging an “undeclared oblivious war against equities,” Cramer said Wednesday.
Convicted Ponzi schemer Bernard Madoff is somewhat of a celebrity at Butner Federal Correctional Institution. How could he not be? But celebrity only gets you so far, and for Madoff—a private man even in happier times—it is a double-edged sword.
Bernard Madoff's Ponzi scheme, estimated at $65 billion dollars, is still making headlines, as investigators follow the money trail nearly 14 months since he was sentenced to 150 years in prison.
Wall Street's gotten a bad rap, and CNBC's Jane Wells has found it.
Brokers who allowed high-frequency traders to have access to the markets without undertaking proper checks on them face potential fines as part of a clampdown following the “flash crash”, the head of a US watchdog said on Sunday. The FT reports.
Federal investigators are hearing testimony from BP executives in a joint probe into the cause of the explosion that led to the massive oil spill in the Gulf of Mexico.
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Paolo Pellegrini, an architect of the most lucrative bets on the housing bust, is dramatically paring back his hedge fund, according to someone familiar with the matter.
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“In the late summer of 2008, as Lehman Brothers teetered at the edge, a bell tolled for Wall Street,” so writes Roger Lowenstein in his book, "THE END OF WALL STREET." The bell may have sounded, in 2008, but for those who were really listening, there were warning signs of a financial crisis long before the summer of 2008.