The ex-wife of one of America's richest men has sued the billionaire in New York for racketeering, saying he hid millions of dollars from her for decades.
A rising dollar and disappointing corporate forecasts pushed stocks lower and Treasurys higher on Thursday.
Bank of America's board is meeting to discuss potential replacements for CEO Ken Lewis who has said he plans to leave by the end of the year.
It's been a long, dry spell for many of the suit-clad Wall Streeters who were handed their pink slips before hardly anyone was talking recovery. But sit down with a handful of ex-finance industry workers volunteering to work for free as interns in a city-sponsored retraining program, and they seem almost ... happy.
Stock futures are indicating a higher opening on Wall Street Wednesday ahead of data on consumer prices and housing and the Federal Reserve's decision on interest rates.
Stocks rose in early trading Wednesday following a benign reading on consumer inflation and a rebound in housing starts.
Sweeping regulations to tame Wall Street and protect consumers in dealings with lenders are on the verge of passing the House but their fate is hardly sealed.
A suburban Philadelphia man will spend a year and a day in federal prison for selling high-risk securities to four Pennsylvania school districts.
Stocks fell in early trading Tuesday after wholesale inflation rose more than expected in November, led by a surge in energy costs.
Stock futures are indicating a lower opening on Wall Street following declines in overseas markets and as the Federal Reserve prepares to begin a two-day meeting on interest-rate policies.
