| Sep 20, 2013
Five years ago, this week, the world of finance and economics changed forever.
At least that's the story.
It started with a sad milestone in Wall Street history: the fall of the House of Lehman.
Between Sept. 13 and Sept. 20, 2008, Lehman Bros., the...
| Sep 24, 2013
| 8:05 AM
Home prices in large U.S. cities posted big gains in July, although the rapid increases may be easing, according to a leading index.
The S&P/Case-Shiller index of home prices in 20 large U.S. cities, released Tuesday, jumped 1.8% from June and 12.4%...
| Sep 24, 2013
| 1:03 PM
WASHINGTON -- A federal government shutdown or a failure to raise the debt limit -- both of which could happen next month -- would disrupt financial markets and hurt the U.S. economy, Moody's Investor Services warned Tuesday.
A stalemate over increasing...
| Sep 19, 2013
| 7:28 AM
WASHINGTON — The Federal Reserve's decision not to reduce its bond-buying program was "prudent" because the world's economy remains weak, according to Xinhua, China's official state-run news agency.
"The Fed's 'no taper yet' decision seems prudent...
| Sep 30, 2013
| 1:06 PM
WASHINGTON -- Standard & Poor's said Monday that the current impasse over funding the federal government and raising the debt limit probably would not lead to another downgrade of the U.S. credit rating -- as long as the stalemate didn't last long....
| Nov 20, 2013
| 5:47 PM
Sony Corp. will address the state of its embattled movie and television studio in a five-hour meeting for investors Thursday morning at the Sony Pictures Entertainment lot in Culver City. The company is expected to discuss planned budget cuts at the...
| Nov 18, 2013
| 3:24 PM
Sony Pictures Entertainment, under pressure from activist investor Daniel Loeb, is eyeing at least $100 million in budget cuts and has hired consultancy Bain & Co. to examine the studio's expenditures, according to a source with knowledge of the matter....
| Nov 23, 2013
| 12:00 PM
NEW YORK — Month after month, Stan Wright watched impatiently as the stock market climbed higher while his money sat on the sidelines earning next to nothing.
Like many Americans, Wright, 51, yanked his savings out stocks during the 2008 financial...
| Nov 25, 2013
| 10:06 AM
The stock market rally rolled on Monday, with the Nasdaq composite index crossing 4,000 for the first time since 2000.
Though it remains far below its all-time high, the technology-laden Nasdaq is up more than 32% this year, making it one of the best-...
| Nov 27, 2013
| 7:48 AM
A nervous mortgage market drove interest rates higher this week ahead of the Thanksgiving holiday, with the average for a 30-year fixed-rate loan rising to 4.29% from 4.22% a week earlier, Freddie Mac said.
The rate for a typical 15-year fixed...
| Nov 27, 2013
| 10:17 AM
Bitcoin, the unregulated digital currency that once was valued at $10, hit a record Wednesday, trading above $1,000 per bitcoin on the Mt. Gox online exchange.
Speculators from China and the U.S. have been snapping up the digital currency as it...