The company said on Thursday that it had realized $90 million of its full-year cost savings target of $300 million in the second quarter. The merger is being scrutinized by regulators in the United States and Europe, and the companies have offered concessions in a bid to allay EU antitrust concerns. "No discussion we have had with the European Commission takes us... » Read More
The nation's largest pension fund, the California Public Employees' Retirement System, said it is investigating fees paid to an outside manager that directed the fund's investments.
Tuesday could well be remembered as a turning point in our nation’s efforts to reform health care.
Bernard Madoff got into a fight in the prison yard with another inmate over the stock market – and won, the New York Post reported, quoting eyewitnesses.
New standards and models are being developed around the world for how to measure things that don’t have a smokestack, driving even more business to this new business of carbon counting.
With emissions rules looking inevitable, companies are taking steps to prepare for a number of different government scenarios.
President Barack Obama promoted a new financial protection agency by saying it would prevent banks from using "ridiculously confusing contracts." He also said the US Chamber of Commerce has made "completely false" claims about the new agency.
The White House is returning to the complicated task of pushing radical financial regulatory reform through Congress by focusing voters on new consumer protections.
As the Department of Justice scrutinizes Ticketmaster and LiveNation's proposed merger here in the US overseas the UK's main antitrust regulator already decided it has some problems with the combination of the ticketing giant and the world's largest concert promoter. This morning Britain's Competition Commission provisionally ruled against the planned merger, saying it "will limit the development of competition in the market for live music ticket retailing."
As the Obama administration’s pay czar, Kenneth R. Feinberg, contemplates curbing compensation for the top 100 executives at each of the seven companies that received big bailouts — including Bank of America — the Merrill Lynch experience raises some sobering questions.
Bank of America on Tuesday pledged not to hike credit card interest rates or fees before a new law intended to reform industry practices takes effect in February.
For nearly three decades, the Federal Trade Commission’s rules regarding the relationships between advertisers and product reviewers and endorsers were deemed adequate. Then came the age of blogging and social media.
The new Supreme Court term that begins Monday will be dominated by cases concerning corporations, compensation and the financial markets that could signal the justices’ attitude toward regulatory constraints at a time of extraordinary government intervention in the economy.
Hedge funds, trying to separate themselves from the big Wall Street banks, are stepping up their efforts to head off new regulation from Washington. The New York Times reports.
Sen. Chris Dodd (D-Conn) told CNBC Wednesday that he hopes to get a bill on financial regulation reform to the Senate floor by January of next year.
The issue of whether minors should be legally prohibited from buying violent video games may soon be settled – once and for all.
The internal watchdog at the Securities and Exchange Commission is recommending dozens of reforms at the agency following its failure to detect the Madoff Ponzi scheme.
Twenty-two large banks in Europe may have accumulated credit losses of close to $580 billion for this year and next, the New York Times reports.
U.S. commercial banks earned $5.2 billion trading derivatives in the second quarter, as the level of risk eased in the global market for the complex financial instruments, according to a government report released Friday.
Ratings agencies need to adopt universal standards to prevent the kinds of abuses that helped fuel the collapse of the credit markets, an industry whistleblower told CNBC.
The Securities and Exchange Commission spends a lot of time and money trying to discover insider trading in stocks. But when it comes to structured financial products — the funny securities that were at the heart of the financial crisis — it has just adopted a proposal that will facilitate such trading, says the NYT's Floyd Norris.