Chrysler’s bankruptcy put only a small dent in Wall Street’s rally.
NEW YORK - April was Wall Street's best month in nine years -- offering some of the most powerful evidence yet that maybe, just maybe, the economy is about to begin a turnaround.
Big April could point to a healing economy NEW YORK April was Wall Street’s best month in nine years—offering some of the most powerful evidence yet that maybe, just maybe, the economy is about to begin a turnaround. The Standard Poor’s 500 index, considered the most reliable measure of the broader market, climbed 9.4 percent in April, its best performance since March 2000, the peak of the ...
As the global financial crisis drags on, there is increasing talk of culpability. And asking the hard questions about Wall Street accountability and the bailout is New York Attorney General Andrew Cuomo.
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The beleaguered American International Group, which is selling assets to repay tens of billions of dollars in government bailout money, may shut its mortgage insurer after failing to turn around the unprofitable unit, Bloomberg News reports, citing two unidentified people familiar with the matter.
April was Wall Street's best month in 9 years - offering some evidence that maybe the economy is turning around.
In what is becoming a daily anti-Wall Street litany from the administration, there was more blasting of banks, this time courtesy of Rhode Island Democrat Sheldon Whitehouse who called banks greedy, stubborn and unreasonable. His Obamaesque remarks came on the heels of the defeat of the cramdown amendment in the senate after a 51-45 vote, which curiously had 12 Democrats voting against the proposal. The Cramdown measure would have allowed bankruptcy judges to cut mortgage terms and
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All of the ballyhoo about Arlen Specter switching parties and the likelihood (assuming Al Franken is finally allowed to assume the Senate seat which is rightly his) that the Democrats will gain a filibuster-proof 60-member Senate majority obscures one critical fact: the Dems rarely vote as a unified bloc anyway, thanks to moderates and pseudo-Republicans like Joe Lieberman who lurk within the ranks. The latest example? Today, Twelve Democrats broke ranks and voted against an amendment (introdu
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The Dow Jones industrial average closed the month of April with a 7.5 percent gain.
Oliver Stone and Michael Douglas have agreed to do the sequel of the film ‘Wall Street’ (1987). Fox Studios is also negotiating with actor Shia LaBeouf for a role in the film. Allan Loeb wrote the screenplay. Ed Pressman, producer of the original film, will likewise finance the sequel. Filming is expected to start this summer. Douglas, 64, won a best-actor Oscar for his work on the original version. His character Gordon Gekko, a powerful and unscrupulous corporate raider who made for himself a
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