Investment Bank Lehman Brothers to Sue Japanese Trading Firm Over Alleged Fraud
Lehman Brothers is accusing a Japanese trading company of perpetrating a massive fraud and plans to sue it for hundreds of millions of dollars, officials at the U.S. investment bank said Sunday. TOKYO
Lehman is seeking to recoup $350 million in outstanding loans, which it [...]
Crack credit crunch: Fixing Wall Street means getting investors better information
How to crack the credit crunch – Fixing Wall Street means getting investors better information – and the sooner the better
Financial reformers have a chance to give stressed-out markets a desperately needed reality check.
This month’s near collapse of Bear Stearns (BSC, Fortune 500) has brought [...]
8 Home Renovations – Extreme Makeover: Home Edition
Unless Ty Pennington and the crew from “Extreme Makeover: Home Edition” take on your renovation project, you’re likely to get weak-kneed looking at the estimate for the work or learning the terms of your home improvement loan.
If high prices, tough credit or falling home values have suddenly brought [...]
Betting not only money issue surrounding March Madness, NCAA Basketball Championship
Ten Money Lessons From March Madness. Betting isn’t the only money issue surrounding March Madness, the NCAA Division 1 Men’s Basketball Championship.
The traits of the tournament’s best teams can make your personal finances worthy of winning a trophy.
Here are lessons about money you can learn [...]
Eli Lilly the Drugmaker’s incoming CEO believes his science background will help generate blockbusters
The drugmaker’s incoming chief believes his science background will help generate some much-needed blockbusters.
Eli Lilly & Co.’s incoming chief executive believes his background in the laboratory provides the formula needed to fill the drugmaker’s dwindling pipeline.
“The sweet spot for me, in terms [...]
Department store lower consumer confidence lowers forecast
Department store retailer says lower consumer confidence has hurt first-quarter results.
Department store operator J.C. Penney said Friday its first-quarter earnings will be well below its previous forecast because of waning consumer demand. Its shares tumbled almost 12% and prices of other retailers also headed lower.
The disclosure punctuates worries that [...]
Citigroup, Wachovia, Bank of America and Wells Fargo to cut their dividends?
Analyst predicted the bank’s first cut, but has she stumbled with latest prediction?
Weaker-than-expected earnings will force Citigroup, Wachovia, Bank of America and Wells Fargo to cut their dividends this spring, says Oppenheimer analyst Meredith Whitney.
“Our argument is simple. Banks under our coverage are dangerously [...]
Best places to Lead a life and Start a Business
Are job worries tempting you to start your own company? We canvassed the country to find towns with the best mix of business advantages and lifestyle appeal. Check out our 100 top picks and find the perfect place to build your dream.
1. Bellevue, Wash.
Population: 111,608
Pros: Talented [...]
JPMorgan bids for Bear Stearns and Raises Bear Stearns Offer
Well. According to Reuters and other sources, JPMorgan is readying to quintuple its bid for Bear Stearns, from $2 a share to $10. This should make crybaby shareholders like Jimmy Cayne and British billionaire Joseph C. Lewis — who said last week that he’d block a [...]
Struggle for Bear Stearns’ emotion, and Sixth Day-Three Stories
It’s been two days since Bear Stearns was sold in a fire sale to JPMorgan, and things are still messy and emotional. Whose fault was all of this, and if it’s no one’s fault, whom can we blame? What will happen next? And what will the impact [...]