By Sree Vidya Bhaktavatsalam May 5 (Bloomberg) — Legg Mason Inc. fell as much as 22 percent in New York trading as investors pulled $44 billion from its funds in the first three months of the year, dwarfing withdrawals at rival money managers.
Hundreds of impoverished victims of Bernard Madoff fear that the little money they have left is to be seized by a court-appointed trustee.
By Peter A. McKay Investors bet that the US economy hit its trough in the first quarter and drove US stocks to three-month highs Wednesday ahead of the afternoon statement from the Federal Reserve. In recent weeks, investors have fixated on the light at the end of the tunnel for the US economy …
By MARSHALL ECKBLAD and DAVID ENRICH – Wall Street analysts and investors say banks with large portfolios of commercial real-estate loans, especially in recession-battered regions like the Midwest and Southeast, are most likely to find themselves in the crosshairs as a result of the stress tests being finalized by federal regulators.
By JACK HEALY It seemed like enough to keep Wall Street’s rally going on Monday: The banking giant Bank of America reported a $4.2 billion profit, and two major technology companies announced a merger.
U.S. stocks typically rebound six months before the economy, but investors worry that the current 25 percent rally since the market’s March 9 low could be a red herring.
Imagine that employers determine the quality of job applicants by looking at their GPA (grade point average). Then obviously, colleges would want to give good grades to their students to give them better chances on the job market. To attract tuition paying students, colleges promise good grades. This scheme will work as look as there [...]