Friday, March 14, 2014
A once high-flying Goldman Sachs trader dubbed “Fabulous Fab” was ordered Wednesday to pay more than US$825,000 in one of the prominent cases stemming from the mortgage meltdown that helped spark the Great Recession.
Thursday, March 13, 2014
A U.S. financial regulator warned consumers Tuesday that using the online currency Bitcoin is fraught with risks including theft by hacking and fraud.
Wednesday, March 12, 2014
U.S. President Barack Obama's top economists say the U.S. is on track to make economic progress over the next two years — and claim it would do even better if Congress would enact the additional spending he proposed in his budget. A divided Congress in an election year is not likely to heed that call.
Tuesday, March 11, 2014
Happy 5th birthday, bull market.
Monday, March 10, 2014
A group of seven local contractors resorted to a rare legal move recently by trying to force Weiss Homes into bankruptcy.
Saturday, March 8, 2014
U.S. hiring improved in February from the previous two months despite a blast of wintry weather, likely renewing hopes that growth will accelerate this year.
Dorian Prentice Satoshi Nakamoto said Thursday that he is not the creator of Bitcoin, adding further mystery to the story of how the world's most popular digital currency came to be.
Friday, March 7, 2014
A Federal Reserve survey shows severe weather held back economic growth in much of the U.S. from January through early February. Even so, conditions strengthened in most regions, thanks to slight gains in areas such as employment and commercial real estate.
So far, 2014 is looking like the year of the big deal. Flush with cash and high stock prices, companies are buying up the competition at levels not seen since the dotcom bubble. And with Washington providing more clarity on government spending plans, CEOs are more confident their expansion hopes will pan out — especially if the economy keeps growing.
Japan's biggest brokerage Nomura Holdings has chosen a woman to head its banking arm, in what is believed to be a first for the country's male-dominated financial sector.